In today’s economic climate, the pursuit of substantial income opportunities is on the rise. If you’re eager to boost your earnings, we present a promising business idea – apricot oil production. Not only is it a financially viable venture, but it also aligns with the growing demand for herbal products, particularly within the pharmaceutical industry.
Apricot Oil
Apricot oil, also known as apricot kernel oil, is a fragrance-free oil extracted from the seeds or kernels of apricots. This light and versatile oil find applications not only in cosmetics but also in culinary pursuits in some regions. It comes in two distinct varieties: one suitable for cosmetics and the other for culinary purposes.
Setting Up Your Apricot Oil Unit
The Khadi and Village Industries Commission (KVIC) has devised a comprehensive plan for establishing an apricot oil processing unit. While the total investment required is Rs 10.79 lakh, you can kickstart this venture with as little as Rs 2 lakh and secure the rest through loans. To embark on this journey, you will need access to land, either owned or rented. The investment breakdown includes Rs 5 lakh for plant and machinery, Rs 1.50 lakh for furniture and fixtures, and Rs 4.29 lakh for working capital. Apricot oil is enriched with elements like Vitamin E and Vitamin K, and it’s widely recognized for its massage benefits.
Earnings Potential
Reports indicate that this business has the potential to generate monthly earnings ranging from Rs 60,000 to Rs 70,000. As your business expands, so does your income. Apricot oil is renowned for its health benefits and is especially popular for its hair-enhancing properties, making it a valuable product in high demand.
