Project Report For
The project report for Candle Manufacturing is as follows.
India is a huge country and people are following various faiths, and cultures. Despite this diversity, one thing seems to be prevalent among Indians is they’re all profoundly religious, and daily practice ones religious rituals.
The making of candles is an art. A talented candle-maker makes amazing candle designs and styles that you can see throughout the day. Many people learn how to make candles as a hobby, as they can make it a profitable business too.
If you are thinking in running a candle-making business, then attend classes in candle-making so that you can develop experience in this art, that will further allow you to make huge returns in your business.
India has a large manufacturing as well as candle usage, which has made the industry a strong foothold in the economy.
Market potential & Strategy
Candles with enormous demand both on the domestic and international markets, mainly in the USA and European countries. India supplies these products to nearly 90 per cent of the world ‘s countries.
Many export businesses are situated in Delhi , Mumbai , Kolkata and Bangalore so advertising for this item is not really an issue. They pick up products directly from the website. In the domestic market too, the products are providing strong demand. Many other manufacturing plants are involved in the construction of similar items. The demand is quite high and normally the production can not satisfy the demand.
- Over the last 5 years, exports have grown by 200%
- The export value for scented agarbatti and camphor tablets has doubled over the last 5 years by more than 100%
- Indian insence stick and similar items exported to more than 90 per cent of the world ‘s countries
- The USA, Thailand and Japan are indeed the biggest importers
- High export growth indicates established ability to produce the appropriate product quality that are globally recognized
- India has the possibility in becoming world’s largest producer of agarbatti and related items
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