Metal scrap business is the highest profit-making business in India which requires very nominal investment. The business certainly has the probability to generate better profit and several people are beginning their business in a similar sector. If you are also interested and want to know how to start a scrap metal business in India then, here we present complete information on starting a scrap metal business. You can also contact the Start Any Business UAE consultants who will provide you proper guidance on this procedure.
In the past, the scrap business was mainly conducted by socially backward people in India. But over time, this is likely to alter. Gradually, educated people began investing in this business. People with higher education are selecting this business as their career. This junk business does not just make money, but this benefits the environment as well. This business has a probability to reduce the wastage of products that is very harmful to the environment. The people are doing this business feel satisfaction of doing more and more good service as well as earning money.
Steps to Start a Scrap Metal Business in India
Here are a few steps to start a scrap metal business in India:
First of all, you require to understand recycling hubs in your region. This is necessary for someone making a plan to begin a scrap metal business to know upfront about the existing recycling hubs in their sector. In addition, one must be aware of the raw materials needed to establish a business in India. They must have creative thoughts as well. Creating new items requires creative thinking after the scrap is melted down. And products made this method are meant to allure clients, hence creative thinking is vital.
1. Know Where to Collect Scrap
You need to understand where you can get scrap. Make a plan already on what kind of items should be made from the wastage products. Without a complete knowledge of those factors, cheating comes first, and the goal is not accomplished. Another important aspect to consider after choosing the needed scrap, material to be made, and the raw material is knowing the information of the cost of transporting the wastage to the recycling center. The short distance from the commercial location to the recycling center, the better.
2. Choosing a Business Center
When selecting a location for a business center, consider whether roads and other resources are properly available for the site. Select an area where vehicles have good access. If you wish to begin a business with low investment, you can conduct your scrap business from your house. Later on, the company can gradually extend.
3. Transportation is also Essential
The next phase is to transport the junk. Goods have to be transported from one location to another location, hence arrangement of vehicles must be made. Vehicles can be hired initially. Buying a mini-van is enough when expanding your business.
4. Plastic Comes Mostly
Currently, plastic products come in a high amount of scrap. Once upon a time, there was not that much more plastic. Plus, once there was copper in the junk wires. Recently, all wires consist of aluminum. Hence, the people who wish to begin a business need to plan in accordance. Presently, the recycling industry is huge in India. Although, scrap, the raw material needed for this business, doesn’t have a door-to-door waste collection.
5. Awareness of Metals is Required
Another important thing you require is to understand metal in a proper manner. You need to know what things could be prepared with scrap metal. This will be good if a junk center establishes in the city. In addition, a team of ten to twenty people can be ready to gather scrap from the town.
License for Scrap Metal Business in India
No licenses are needed to begin a scrap metal business in India, but there are certain special rules that should comply with in the industry. Prior to beginning a business, contact the municipal authorities in your sector and get all the essential permits. It would save you from future hassles.
How to Import Scrap From Dubai to India
The Indian Government is taking several steps ahead promoting its trade with the other countries by adopting processes and policies that will help to enhancing and facilitating export and imports both with the world’s other countries. India imports oil and petrol derived from crude, scrap from the UAE.
For import of scrap metal from Dubai to India required some documents on behalf of the exporters.
- Certificate of pre-shipment inspection from a relevant certification or inspection agency.
- The consignment doesn’t contain any kind of radioactive waste or ammunition.
- The imported item should be a metal waste according to the defined parameter internationally.
- The agreement contract between exporter and importer doesn’t consist of any ammunition, shells, mines, waste, radioactive or any other explosive material.