Solar Lamp Business – The market for solar products is growing rapidly. People are getting attracted to products like solar lamps, solar geysers, solar heaters, along with installing solar panels. At the same time, the Modi government is also promoting people doing business of solar products. If you want to start a business, then you can start a company making solar lamps.
Prime Minister Narendra Modi wants to increase the use of solar energy in the country and for this, his government has introduced many schemes. Its effect is also visible and the market of solar products in the country is increasing rapidly. People are getting attracted to products like solar lamps, solar geysers, solar heaters along with installing solar panels. At the same time, the Modi government is also promoting people doing business of solar products. In such a situation, if you want to start a business, then you can start a solar lamp making company.
Due to the government, banks are also showing a lot of interest in lending to such businesses, so this can be a good opportunity for you. Today we will tell you about this business in detail how and how much investment can be made to make a solar lamp.
Also, you will also tell how much profit you will get from this business. According to the project report of the Investment Micro, Small and Medium Enterprises (MSME) Development Institute, you have to spend Rs 3.50 lakh on machinery and equipment as fixed capital.
This includes drill machine, grinder, high voltage break down tester, auto transformer, insulation tester, testing setup, digital multimeter, voltage stabilizer, computer, printer, etc. Their installation will cost about 1 lakh 5 thousand rupees. That is, investment of Rs 5 lakh 30 thousand will have to be done on fixed capital. At the same time, 1 lakh 50 thousand rupees will be needed as working capital.
How much will be spent on the raw material Apart from this, to make the first 1000 solar lamps, you will need a raw material of about 17 lakh rupees. This includes solar PV modules, batteries, LEDs, switches, input connectors, modern plastic cabinets, fuses, cables, PCBs, semi-conductors, resistors, capacitors, transistors, electro mechanical components, etc. According to the project report, there will be a raw material use of about 1700 rupees on a solar lamp.