Rubber Band Making Business: Requirements, License, Raw Material, Machinery, Investment, Profit, Where to buy Rubber Band making machinery etc.

Rubber Band, is a very common and known use of rubber bands are in women’s hair dressing, none the less they are also used in sweet marts, banks, offices, general stores, departmental stores etc. for fastening purposes. These rubber bands are available in different sizes and colours. In rubber band manufacturing, there are innovations made to improve the processes. Rubber band is a mass production product and the company would want to increase the productivity in the manufacturing. 

Rubber Band Making business is a profitable business which can be easily start with low investment. Rubber band is a multipurpose house hold product and it is use in mass scale at anywhere like office, grocery store, sweet shop, stationary shop, various industry (news paper, packaging and eCommerce). Day by day demand of rubber band is increases, therefore the rubber band making business would be your next future. In this rubber band making business requires Rubber Band cutting machine and rubber tube as a raw material to start this business. So, if you are thinking to start Rubber band making business then you can follow the below steps as a guidance.

How to start Rubber Band Making Business?

If you want to start rubber band making business then you must follow some steps which is given below:

Survey: Before starting this business, most important you must survey about the consumption of rubber band in your location and place of supply. Also visit to some vendors to ask about this business potential.

Consult to the supplier: After survey, contact to a rubber band making business machine supplier to setup the plant.

Select the proper place: After that select a proper area where you want to setup this business. But location must be out from city, can easily available raw material and all necessary things.

Infrastructure: After selecting the proper space you have to build the infrastructure of your factory.

Loan Apply: If you need any financial help for this business then you can apply for the loan.

Business Setup: After these all setup your machine and all the required things in your location. And also hire some labour to do this business.

Training: Take a training for how to manufacture the rubber band and their types. And the supplier will provide you training and teach you all the details of this business and the machine.

Manufacturing: Start you manufacturing

Packaging: Pack the rubber band in the packet of Rs 10, Rs 20 and Rs 80 and as per the market requirements.

Marketing: You can do your marketing by the help of vendor and contractor visit. Offer some more scheme and profit and force them to sell your product.

Selling: Start your selling to keep a marketing boy in you locations.

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Government Schemes:

Boosting such small scale industry business. The government of India has also moved further in this regard to encourage various small sectors and private sectors by launching several schemes such as:

MUDRA Scheme – Under this scheme, the agency was set up to refinance and develop micro units across the country. It extends funding to the non-corporate small business sector.

Aatmnirbhar Bharat Scheme – Free collateral loans to MSMEs and other stressed sectors.

Coir Vikas Yojna – It encourages various activities like still development, up-gradation, and modernization of industries, promoting domestic as well as an export market.

National Manufacturing Competitiveness Program – It facilitates technology up-gradation by providing a 15% upfront capital subsidy.

Entrepreneurship and skill development program – Organized to nourish the expertise of youth by enlightening them on numerous aspects of industrial exercise needed for setting up small industries.

Marketing promotion schemes – to develop domestic markets and promotion of new market access initiatives.

Rubber Band making business scope and market potential:

Rubber bands are one of the most convenient products of the twentieth century used by numerous individuals and industries for a wide variety of purposes. The largest consumer of the rubber bands in the world is USA. The news paper industry also uses massive quantities of rubber bands to keep the individual newspapers rolled or folded together before home delivery. This unit intends to make rubber bands to cater the industry needs in outside states and also got good expertise to produce and sell all products without delay.

Rubber band have huge market potential that make you high profit. You can start rubber band making business with investing low amount of money with few machinery and raw materials. This Rubber band making business can be start from your home place. In this article I will discuss about rubber making business planning in details.

Rubber Band Making Business Requirements:

For starting the Rubber Band making business you should have –

•  A space of 150 sq ft to 200 sq ft
• Should have Capital of Rs 3 Lac
• Survey local Market potential Report
• Rubber band Cutting Machine, and
• Raw material (Rubber Tube)

Also Read: How to setup Wire Nail Manufacturing Business plan in India ?

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Rubber Band Making Business raw material:

Raw Materials for  Rubber band making  business is Nylon Rubber Tube, Semi Nylon Rubber Tube, DC Rubber Tube, Elastic Hair Rubber Band and Chemicals.  Keep in mind India is the 3rd largest country who produce natural rubber, so the main raw material of this business can be available from your own country. If required more than think about to import raw materials from outside. There have lots of supplier in India.

Raw Material Cost per Kg:

1. Nylon Rubber Tube = 250 per Kg
2. Semi Nylon Rubber Tube= Rs 170 to Rs 180 per Kg
3. DC Rubber Tube = Rs 150 per Kg
4. Elastic Hair Rubber Band= Rs 200 per Kg
5. Chemicals

Rubber Band Making Time Per Hour:

Making time to manufacture Rubber Band depends on machine capacity of production. If you have small capacity machine then it produce 30 Kg – 35 Kg  band in hour . For big plant it increase the capacity accordingly.

Rubber Band Making Machine:

To start a Manufacture plant of Rubber Band need to install Rubber Band Making machine. The Rubber Band Making machine start from 75,000 Rs in India. According to your capability you can choose your suitable machine for your plant. I give some machine Specification for you in below. The machine operate by a single phase motor that is 0.5 Hp to 2 Hp according to your machine size.

Rubber Band Making Business Machine:

Investment against Machine= Machine Price+ 18%GST + Transportation Cost

Rubber Band Making Process:

Step by step process of rubber band making is mentioned below:

• Processing the natural latex.
• Purification and making into slabs.
• Squeezing the slabs to required size.
• Mixing and milling.
• Heating and squeezing.
• Extrusion after heating.
• Curing in mandrels.
• Slicing to form rubber bands.

Area: The industrial setup requires space for Inventory, workshop or manufacturing area, space for power supply utilities and auxiliary like Generator setup. Also some of the area of building is required for office staff facilities, documentation, office furniture, etc. Thus, the approximate total area required for complete industrial setup is 1200 to 1500 Sqft.

Power Requirement: The power consumption required to run all the machinery could be approximated as 20hp.

Manpower Requirement: There are requirement of skilled machine operators to run the machine set. Experience quality engineers are required for desired quality control. Some helpers are also required to transfer the material from one work station to other. Office staffs are required to maintain the documentation. The approximate manpower required is 8 including 1 Supervisor, 1 Plant operator, 1 unskilled worker, 1 Helper and 1 Security guard. 3 Skilled worker including Accountant, Manager and Sales person.

License For The Rubber Band Making Business:

As to do any business you must need a trade License. If your business is Proprietorship then make PAN No. at business owner name. If your turnover threshold limit exceed at your state you have to take GST registration.

Following are the License which is necessary to start the Rubber Band Making Business.

1. GST Number
2. Udhyam Registration (Aadhar Udhyog))
3. NOC from Pollution Control Board
4. Trade License
5. Brand Register (Trademark)

Rubber Band Making Business Investment:

If you want to start Rubber Band Making Business, then you have to do approx Rs. 2,50,000 of investment initially .

Details of investments are given below –

• Machine= Rs 1,05,000/-
• Sealing Machine (2 Nos.)= Rs 2000
• Raw Material= Rs 50,000
• Packaging Material= Rs 1000 (Rs 200-Rs 250/kg)
• License Fee= Rs 20,000
• Working Capital= Rs 75,000

Total Investment = 2, 50,000/- (Approximate)

Production cost of 1 Kg of Nylon rubber band

1. Raw material 1kg= Rs 250
2. Making with electricity & packaging= Rs 5

Total Costing= 255 per kg

GST (5%)= 12.75

Total costing with GST= 268 (Approx.)

In Market, you can sell nylon rubber band per kg= Rs 300- Rs 320(i.e. you may earn profit per kg of Rs 32-35)

Therefore, if you produce daily 100 kg Rubber band in your manufacturing unit and you may sell per day 100 kg of rubber band.

Then, per day profit will be= RS 3500

Total Profit in Rubber band making business:

According to that per month profit will be = 3500 X 23 (23 days consider in a month)

Total Gross profit = Rs 80,500/-

Marketing:

1. Survey your local market and find opportunity for your products.
2. E-commerce Platform like Flipkart, Amazon, Snapdeal, Paytm Mall etc.
3. B2B Platform like Alibaba, Indiamart, TradeIndia etc.
4. Use social selling through facebook, Instagram, Twitter etc
5. Advertisement in your local Newspaper about your products.
6. Hire Marketing executive for your business.

Note: If you want to start any manufacturing business. Firstly survey your local market to know the market potential of your product, without any survey don’t start any manufacturing business.

Where to buy Machinery & Raw material ?

To buy machinery and raw materials you can visit: https://dir.indiamart.com/impcat/rubber-band

or you can contact the details given below:

• Nidhi Enterprises, Nandurbar, Maharashtra  (prefer)

Contact no.- +91-9625689593

Email: nidhienterprises742@gmail.com

• ARS Engineering, Tamil Naidu

Contact No.- 099946 99982

Email ID: arsengineering.cbe@gmail.com

How to Start Rubber Band Making Business Plan in India ?

If you want to start Rubber Band making Business then there is a step by step guide given in the below video :

Conclusion:

If you want to start the Rubber Band business then you can start getting ideas from this blog. And most important, if you are starting Rubber Band Making Business on a large scale or small scale, accordingly you will need assistants. Along with this, you can also take advantage of the schemes issued by the central and state government for financial assistance in starting this business.

F.A.Q(Frequently Asked Question):

Q. Is rubber band making Business profitable in India ?

Ans: Yes, Rubber band is a multipurpose house hold product and it is use in mass scale at anywhere like office, grocery store, sweet shop, stationary shop, various industry (news paper, packaging and eCommerce). Day by day demand of rubber band is increases, therefore Rubber Band Making business is a profitable business which can be easily start with low investment.

Q. Machine Required for Rubber Band making Business.

Ans: There are list of machine which is required for the Rubber Band making Business which is given below:

• Ball mill
• PVC Pipe moulds
• Automatic Dipping machine
• SS Tank for Vulcanisation
• Cutting machine
• Polythene Packing machine
• Other equipments & hand tools.

And detailed information is given in this article. Read this article carefully.

Q. How much area required for the Rubber Band making Business ?

Ans: The industrial setup requires space for Inventory, workshop or manufacturing area, space for power supply utilities and auxiliary like Generator setup. Also some of the area of building is required for office staff facilities, documentation, office furniture, etc. Thus, the approximate total area required for complete industrial setup is 1200 to 1500 Sqft.

Q. What are the requirements of Rubber Band Making Business ?

Ans: For starting the Rubber Band making business you should have –

•  A space of 150 sq ft to 200 sq ft
• Should have Capital of Rs 3 Lac
• Survey local Market potential Report
• Rubber band Cutting Machine, and
• Raw material (Rubber Tube)

Q. What is the investment to start Rubber Band Making business ?

Ans: If you want to start Rubber Band Making Business, then you have to do approx Rs. 2,50,000 of investment initially .

Details of investments are given below –

• Machine= Rs 1,05,000/-
• Sealing Machine (2 Nos.)= Rs 2000
• Raw Material= Rs 50,000
• Packaging Material= Rs 1000 (Rs 200-Rs 250/kg)
• License Fee= Rs 20,000
• Working Capital= Rs 75,000

Total Investment = 2, 50,000/- (Approximate)

Q. Where to buy all the machinery and raw material for Rubber Band making Business ?

Ans: To buy all the machinery and raw material for this business you can visit Indiamart or other B2B platform.

We hope that you would have liked reading this blog post on Rubber Band making Business cost in India and how to set it up efficiently. For more such informative articles, keep visiting YMW Solution.