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Medicinal Plants: Project Opportunities in Assam

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Friday, February 24, 2012

Profile:Medicinal plants are various plants used in herbalism and thought by some to have medicinal properties. Medical Plant constitutes an important therapeutic aid in alleviating ailments. Almost 80% of the world population, particularly in the third world are fully dependent on medicinal plants for meeting their health care needs. The herbal medicines today symbolize safety in contrast to the synthetics that are regarded as unsafe to human and environment. In the primeval times, the Indian sagacious held the view that herbal medicines are the only resolution to treat numeral health related problems and diseases. It is becoming more main stream as improvements in analysis and quality control along with advances in clinical research show the value of herbal medicine in the treating and preventing disease. Increasing interest in herbal products has today accelerated the growth of medicinal plant-based industries. 

Resources: Assam is primarily an agrarian economy, with 74% of its population engaged in agriculture and allied activities. There are over 1500 species of medicinal plants reported so far from India and more than 350 speciesfrom Assam. They can not only cure our ailments but can also be a potential source of economic development. Assam with a total geographical area of 78438 sq. km is very rich in land resources. Its vast fertile alluvial tracts and low hills with suitable climatic condition offer excellent condition for utilization of for different uses. Assam is basically an agriculture dependent state. More than 65 per cent of its total area is under agriculture.

 

Government policies: The provisions of this Environment code of practice (ECP) - Agriculture, comply with the legal requirements and conventions, which govern the collection, cultivation processing, handling, packaging & storage of medicinal plant or its derivatives. Prior to selection of species, the cultivator shall apply for and obtain permission from State Medicinal Plants Boards (SMPB), Government of Assam and National Horticulture Board (NHB). The proof of obtaining clearance shall be a pre-requisite for inclusion as beneficiary in the project. The District Agriculture Officer (DAO) shall be responsible for verification of the same. 

 

Opportunities for entrepreneurs: Assam is primarily an agrarian economy, with 74% of its population engaged in agriculture and allied activities. It is a good source of medicinal plants and provides opportunity to venture in following field:

 

·      Plantation, Cultivation of Medicinal Plant & Herbs

·      Herbal Medicinal Plant & Processing

·      Medicinal Plant Extract

·      Herbal face paste

·      Aloe Vera Processing

·      Herbal cosmetics

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Introduction
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Project at a Glance

Assumptions for Profitability workings
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Production Schedule
Land & Building
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Plant & Machinery
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Other Fixed Assets
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Working Capital Requirement Per Month
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Share Capital
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Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals
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Annexure 8 to 11:: Sensitivity Analysis-Price/Volume
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Annexure 12 :: Shareholding Pattern and Stake Status
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Annexure 14 :: Product wise domestic Sales Realisation
Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit
Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,
Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit
Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses
Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges
Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses
Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses
Annexure 29 :: Depreciation Charges – as per Books (Total)
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
Annexure 34 :: Tax on Profits
Annexure 35 ::Projected Pay-Back Period And IRR