BIOMASS BRIQUETTING BUSINESS IN INDIA AFTER COVID 19 LOCKDOWN – A FUTURE PERSPECTIVE.

My earlier blog about future of Briquetting Business in India had predicted rightly about the would be scenario in Briquetting Business. This blog written about three years ago (18th May 2017) has benefited many of our collogues in business. A similar but unprecedented scene is in front of us right now. Not only Briquetting but majority of entrepreneurs are clueless about the future scenario. With strict lockdown rules and execution of them in different manner in different places, the confusions definitely exists. Many of us are unaware about the kind and exact nature of relaxation or concessions given to our customer’s industries, the procedures to follow, the compliances etc. With the volume of Investment done in a running plant and uncertain future it’s natural for any business owner to be apprehensive about growth or even survival. Fortunately majority of plants are located in near semi urban or rural areas where the virus effect is less than normal and lockdown restriction are likely to be lifted soon. So as far as production is concerned it will be normal very soon. The end users are however are scattered in different area ranging from near high risk declared zones to recovered zone. With strict guidelines observed currently and the resultant outcome being positive in majority of districts, it is expected that things will be almost normal (barring some operational restrictions) very soon and once again, briquetting industry will be throbbing as before. The government is also supportive at this juncture to industries which is going to benefit to a large extent. With more demand for briquettes post COVID 19 restrictions, and the availability of Biomass in plenty it is sure that the industry will have very positive future..

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The Future of Biomass briquetting business in India

Biomass briquettes are being used as an alternative fuels for boilers in many places. It has proved as most cost effective, environment friendly substitute for fossil fuels. The size of biomass briquetting industry has multiplied in recent years. This is because many industries started using briquettes for their energy needs. Their preference for biomass briquettes over fossil fuels resulted in growth of briquetting plants in many developing countries. In India since there has been abundance of biomass in every part of the country, briquetting plants mushroomed in many parts of the country. The Government has also offered many incentives to the Industry in term of subsidies and tax concessions. All these factors fuelled the growth of Briquetting Industry in India. However, many briquetting industrialists are upset over recent developments in energy sector. The continuous downfall in fossil fuel prices and inclination of some of their customers towards fossil fuels has made them worried. They have seen fluctuations in demands for briquettes since many consumers have started testing their boilers for furnace oil and have reduced the storage of biomass briquettes, which has affected the market in some way. However, this is a temporary phenomenon. Biomass briquettes are still a best option over other fuels. They are cheap compared to other fuels and are highly environment friendly. Excellent quality biomass briquettes are supplied by many plants. If managed properly their uninterrupted supply can be ensured throughout the year. The availability of biomass in abundance, good quality machine and equipment suppliers, Government incentives, huge demand and simple production process makes Biomass briquetting a lucrative business for budding entrepreneurs. Share on whatsapp

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