Page 45 - Plastics News May 2026
P. 45
BUSINESS NEWS
growing demand as the businesses and house- the type of products and the size of production.
holds switch to cleaner energy solutions. Gov- Small production units need less capital and big-
ernment incentives encouraging the use of solar ger manufacturing facilities need more capital
panels on roofs have largely increased the sale but have more potential of income.
of solar panels, inverters and other related prod- The range of investment in various businesses is
ucts. Solar systems are being installed in many approximately:
commercial buildings and factories to minimize
the cost of electricity as well as to satisfy envi- ♦ Biomass pellet production factory: `50 lakh
ronmental requirements. to 2 crores.
Meanwhile, the development of electric cars is ♦ Solar mounting structure production: 1-3
opening new opportunities to manufacturers. crore.
The infrastructure, battery systems and electri- ♦ Solar inverter production: 2-5 crore.
cal components needed to power the growing
EV market. The long-term demand and constant ♦ Solar panel assembly unit: 3-8 crore.
revenue streams can help businesses producing ♦ Lithium-ion battery pack assembly: `5 crore
these products.
to 15 crores.
The production of biomass fuel is also becoming
popular due to the industries abandoning coal. Other costs that entrepreneurs should take into
The biomass pellets offer much less polluting consideration include land, utilities, raw materi-
and cheaper fuel, and the export of such prod- als and working capital in addition to machinery
ucts is growing annually. Such a mixture of do- and equipment. Financial planning is needed in
mestic production and export potential makes order to maintain smooth operations in the initial
the biomass production an extremely appealing phase.
business opportunity. Source - entrepreneurindia.co
Investment Required to Start a Renewable En-
ergy Manufacturing Unit
The capital needed to initiate a company that
produces renewable energy is determined by
May 2026 PLASTICS NEWS 47
