Biomass Briquettes Tender Opportunity in West Bengal
“All Entrepreneurs and Investors”!
Have you considered the immense potential of starting a Biomass Briquette Business in West Bengal? It’s a golden opportunity in our state where agricultural waste is abundant. Biomass Briquettes, made from this waste, offer an eco-friendly fuel alternative that’s in high demand.
With strong support from the West Bengal Government for clean energy solutions, the market for biomass briquettes is flourishing. This presents a lucrative prospect for investment, promising substantial returns. Government initiatives, especially from the Ministry of Power, are further propelling the demand for Biomass Briquettes in Our State.
Briquettes Users Industries:
Biomass briquettes are a versatile and eco-friendly fuel source used across various industries in West Bengal, offering valuable insights for West Bengal’s perspective:
- Textile Mills: Biomass Briquettes are utilized in boilers for dyeing and drying textiles, providing a cost-effective and environmentally friendly option for textile manufacturers in West Bengal.
- Brick Kilns: These briquettes serve as a sustainable heat source for baking bricks, enhancing efficiency and reducing environmental impact in the brick production process.
- Food Industry: In the food processing sector, biomass briquettes are used for cooking, heating, and generating steam, ensuring efficient operations with minimal environmental impact.
- Leather Industry: Briquettes are used in boilers for heating and processing leather, offering a clean and sustainable energy solution for the leather industry in West Bengal.
- Dyeing Houses: Biomass Briquettes are employed in boilers for heating water and generating steam for dyeing, supporting sustainable and cost-effective dyeing processes.
- Chemical Plants: These briquettes serve as a reliable fuel source in chemical production, promoting sustainable and efficient manufacturing practices in West Bengal.
- Rubber Industry: In the rubber industry, briquettes are used in boilers for heating and processing rubber, offering a sustainable alternative to conventional fuels.
- Pharmaceuticals Industry: Biomass Briquettes are utilized for heating and generating steam in pharmaceutical manufacturing, ensuring reliable and environmentally friendly operations.
- Paper Mills: Briquettes serve as a sustainable fuel source in boilers for making paper, supporting eco-friendly paper production processes in West Bengal.
Subsidy Benefits :
Starting a Biomass Briquette Business in West Bengal can be highly advantageous, with several subsidies and incentives available. Here’s how these benefits can be viewed from the perspective of West Bengal:
- Agriculture Infrastructure Fund: Avail a 3% interest subsidy for 7 years on loans up to 2.00 crore. This subsidy doesn’t require collateral, ensuring easy access to bank finance within 60 days, a benefit that can be immensely helpful for entrepreneurs in West Bengal.
- MNRE (Central Financial Assistance): Receive financial assistance of up to 9.00 lakhs per metric ton per hour of production capacity, with a maximum of up to 45.00 lakhs. This support can significantly reduce initial investment costs for starting a biomass briquette business in West Bengal.
- State Level MSME Specific Subsidy: Enjoy benefits like a refund of stamp duty on land purchase, refund of Change of Land Use (CLU) fee, state capital subsidy on building & plant expenses, and exemption from electric duty. These subsidies can greatly reduce the overall project costs and improve the feasibility of the business in West Bengal.
- Income Tax Exemption: Get 100% exemption on profits from the biomass briquettes business for 5 years from the year of starting the business. This tax exemption can provide a significant boost to the profitability of the business in West Bengal, allowing for faster growth and expansion.
Investment Requirements:
Investment requirements for starting a Biomass Briquette Business in West Bengal can provide insights for the West Bengal perspective:
- Land: Allocate half an acre to 1 acre of land for the plant and storage, which can be a similar requirement in West Bengal due to the nature of the business.
- Building and Civil Work: Budget for a building of 550 to 650 sq. m, costing around 50 to 55 lakhs, which may vary based on location and construction costs in West Bengal.
- Plant & Machinery: Plan for machinery costs around 75 to 80 lakhs, which can be a crucial investment for setting up the production facility in West Bengal.
- Other Expenses: Include costs for electrification, weight measurement, furniture, etc., costing 15 to 20 lakhs, which may also be applicable for establishing the business in West Bengal.
- Working Capital: Allocate approximately 60 to 70 lakhs for 30 days, considering operational expenses, raw material procurement, and other ongoing costs in West Bengal.
- Total Fund Requirement (Except Land): Estimate around 1.85 to 2.00 crores, which could be a benchmark for financial planning in West Bengal.
- Own Fund Requirement: Plan for 25% – 50 lakhs of own funds, which can be a mix of personal savings or investments for the business in West Bengal.
- Bank Loan: Consider a bank loan of 75% – 1.50 crores, which can be sourced for the remaining investment needed to start the Biomass Briquette Business in West Bengal.
List Of Thermal Power Plant :
In West Bengal, there are several Thermal Power Plants that contribute significantly to the State’s Power Generation Capacity.
Here is a description of some of the Major Thermal Power Plants in West Bengal :
| Sr No | Plant Name |
|---|---|
| 1 | RAGHUNATHPUR TPP |
| 2 | HIRANMAYE TPP |
| 3 | Farakka Super Thermal Power Station |
| 4 | HALDIA TPP |
| 5 | Santaldih Thermal Power Station |
| 6 | Sagardighi Thermal Power Station |
| 7 | Kolaghat Thermal Power Station |
| 8 | Bandel Thermal Power Station |
| 9 | Bakreshwar Thermal Power Station |
For, more information you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and Contact Number – +918683898080
KIP Financial Consultancy Pvt. Ltd.
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