Coconut Oil Manufacturing Business in India

In India's coastal regions, coconut palms can be found abundantly. Copra is popular with the dried coconut kernel. This is a word for the industry. Copra is the coconut's main consumer commodity. The oil content in copra usually ranges between 65 and 72 percent. The word 'virgin coconut oil is also used. Virgin coconut oil essentially comes from fresh coconut extraction (not from copra). You can start processing coconut oil if you live in a coconut growing business. Coconut oil, called RBD coconut oil, is also available. RBD stands for refined, bleached, and deodorized. Besides, "bleaching" is not a chemical process but a filtering technique for the elimination of impurities.

Related projects:- Coconut and Coconut value added Products

Coconut Oil Manufacturing – Market Potential

In southern parts of the country, coconut oil, and in Kerala and Karnataka, is an important cooking tool. Furthermore, oil has several industrial uses. The substance is used in the manufacturing of toilet cleaners, cleaning soap, surface-active ingredients, and detergents, hair shades, hair oil, massage oil, cosmetics. The global business potential lies in rising coconut in tropical locations.

The United States is still the principal consumer of coconut products, particularly coconut oil and copra. The Netherlands is the largest port of entry for these goods, which are then exported to other nations, in the Member States of the European Union. With its various applications in the cosmetics industry, refined coconut oil in France and Germany is highly demanded. We may assume, thus, that the production of coconut oil offers the new businessmen a lucrative business opportunity.

Basic Requirements for Coconut Oil Production

· First, figure out whether or not you have a simple delivery chain for raw material. You need tonnes of raw material at the plant site to achieve project feasibility.

· At least 1000 sq ft. of covered shade and 3000 sq ft of the land area are needed to run a medium-scale coconut oil farm.

· In the end, the required services including electricity and water must be arranged at the factory.

Coconut Oil Manufacturing Machines and Raw Materials

The demand for machinery depends in general on various factors. Specifications of the target production and expenditure potential, for example, manufacturing process, the used raw material. Here are some of the popular machines essential for the manufacture of coconut oil.

· Copra Cutter

· Bucket elevator

· Steam jacketed kettle

· Oil expeller

· Screw conveyor

· Crude coconut oil storage tanks

· Filter press

· Microfilter

· Filtered oil storage tanks

· Volumetric filling machine

· Baby boiler

· Wooden storage drums

The best raw material for coconut oil production is well-dried copra with moisture contents that do not exceed 6 percent. Indeed, coconut oil quality is highly dependent on copra quality.

Related Videos:- Agro-Food Processing Industries

Coconut Development Board Schemes to Promote the Production of Coconut Oils

Technology Mission Financial Assistance

Ø The Coconut Development Board was invited to submit applications for financial assistance under the Technology Mission on coconut. These applications are encouraged by entrepreneurs to set up, upgrade and extend the coconut oil and coconut oil manufacturing sector in India.

Ø Financial support is given under the Technology Mission on the coconut at a rate of 25% of the project cost limited to a maximum of Rs. 50 lakhs. This scheme would also benefit the modernization and extension of existing units.

Ø Financial support will be also given for the marketing of coconut products through media, exhibits, the development and rental of display equipment and attractive packaging in supermarkets, etc. Thus, the government tries to improve the coconut oil production industry with different schemes.

The Palm Insurance System for Coconut

Coconut palms are now protected under an insurance policy, insuring farm's coconut palms against natural and other disasters, to deal with the damages of farmers because of the damage to coconut crops and reduce the hazard of coconut farmers, they will get a timely relief if any loss has occurred.

The administration recognized that coconut crops are subject to climate change threats, environmental catastrophes, rodents, diseases, etc. because they are annual plants. The government has given the coconut oil industry in India a boost by protecting them under the insurance scheme.

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Annexure 1:: Cost of Project and Means of Finance
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Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
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