What is the investment required to start a packing business in india in 2023?
Small-Scale Packing Business:
A small-scale packing business, which may involve basic packaging services like labeling, sealing, and bundling, could require an initial investment of approximately ₹5 lakhs to ₹10 lakhs. This would cover equipment costs, rental space, initial inventory of packaging materials, and basic marketing expenses.
Medium-Scale Packing Business:
A medium-sized packing business, which may offer a wider range of packaging services and cater to multiple industries, could require an investment ranging from ₹10 lakhs to ₹50 lakhs. This includes more advanced machinery, a larger workforce, and marketing efforts to expand your client base.
Large-Scale Packing Business:
- If you intend to establish a large-scale packing business with extensive capabilities and a significant market presence, the investment required could be several crores of rupees. This would cover the cost of advanced automated equipment, a larger production facility, a substantial workforce, and comprehensive marketing and distribution channels.