Newly Established Waste Management Business Investment Opportunity in Erode, India

1. The business will be located in Erode, Tamil Nadu, and will specialize in the production and sale of activated carbon extracted from coconut charcoal, targeting clients in the cosmetics, edible oil, and air/water purification industries.
2. The company will set up a plant for the extraction of activated carbon, utilizing the locally available raw material of coconut charcoal sourced from the local markets.
3. The manufacturing process will involve three key steps - pre-activation, activation, and post-activation, with a targeted daily production output of 6 tons.
4. The business aims to commence production 8 months after securing funding, with an anticipated turnover of INR 10 crore within the next 3 years.
5. Activated carbon, known for its exceptional adsorption properties, is widely used in filtering contaminants from water and air, making it an essential component in various industrial applications.
6. The promoters bring relevant expertise to the venture, with one being a chemical engineer and the other pursuing an MSc in software systems.
7. The global demand for activated carbon further underscores the potential for growth and success in this venture, aligning with the increasing need for purification solutions in industries such as cosmetics, edible oil, and environmental remediation.
8. We are yet to register the company and obtain the relevant licenses.