Business Idea: If you want to start some unique business in your town, today we have come up with a great business idea for you. You can start a tracksuit business. These tracksuits are quite comfortable to wear. You can also carry them to avoid a cold. These tracksuits are considered perfect for the gym and running. There are very few tracksuit shops in cities. The market for tracksuits is growing gradually. Therefore, there are also earning opportunities in it. In view of this, the Khadi and Village Industries Commission (KVIC) has prepared a report on track suit manufacturing. In which the calculation of project cost and profit is stated.
Track suit business
You get a lot of comfort in a tracksuit from working out to doing yoga. Experts also believe that you must carry comfortable outfits while exercising. Many people use tracksuits for exercise and running. Its demand is increasing day by day everywhere in big or small cities. Tracksuits are usually made from cotton, nylon, or polymer synthetic fabrics. It can be washed easily. The task of creating a tracksuit is easy and easily manageable. According to the report of the Khadi and Village Industries Commission (KVIC), the tracksuit manufacturing business will start at Rs 8.71 lakh. This includes Rs 4.46 lakh for equipment and Rs 4.25 lakh for working capital.
Low investment business, high profit
If you do not have the money to start a business, then you can take a loan from PM Mudra Yojana. Under this scheme, loans up to Rs 10 lakh are easily available to start a non-corporate small-scale business in rural areas. The KVIC report states that it has the capacity to produce 48,000 tracksuits annually. With a rate of Rs 106, the cumulative amount will reach Rs 51,22,440.
Simultaneously, the full production capacity can be used to sell a total of Rs 56,00,000. The excess profit is expected to be Rs 4,77,560. As per the report, you can make a net annual income of Rs 4,33,000 after all expenses have been subtracted. That means you have the potential to make as much as Rs 40,000 per month.
Desclimer: For any financial investment anywhere on your own responsibility, Times Bull will not be responsible for it.