Newly Established Glass Business Seeking Loan in Chennai, India

- We seek to start a glass processing factory in order to produce products which will be used in buildings, interiors, furniture and other similar applications.
- The business is not presently registered. It will be registered once we receive funds.
- Promoter has worked with large glass processing companies for the last 10 years in India and GCC.
- Presently, promoter works as a factory manager for a glass processing firm in Bahrain but would move to Chennai once the factory is set up.
- We have already purchased some machinery, racks and trolleys for setting up the infrastructure.
- A property of 1 acre with a 30,000 Sq Ft shed has been identified for our factory which we would take on rent.
- In the process of finalizing quotations for machines from China worth INR 2 crore.
- Have 3 major clients who are ready to purchase from us once we set up the factory.
- Require 2 transformers for our factory and we are in discussion with the electricity board to get approval for the factory.
- We plan to have the factory fully set up and operational within 4-5 months of acquisition of funds.