Water is a necessity for life, and in India, demand for clean, safe drinking water is rising quickly. There is a high demand for bottled water, purified water, and water replenishment stations due to population growth and urbanization. But is the Indian water industry profitable? Let’s investigate.
By 2024, it is predicted that the Indian bottled water market will be worth USD 8.3 billion. As people’s awareness of their health has increased, so has the demand for bottled water. In India, the average annual intake of bottled water is thought to be 5 liters. Entrepreneurs now have a fantastic opportunity to invest in India’s water industry. But because of the intense competition in the market, it takes careful strategy and execution to establish a successful water business.
There are numerous brands on the market when it comes to the best mineral water in India. Bisleri, Kinley, Aquafina, Himalayan, and Tata Water Plus are a few of the well-known brands. These companies are well-known in the industry and provide high-quality goods. However, creating a new brand necessitates a large marketing and branding expenditure.
The capacity and quality of the plant determine how much it will cost to set up a RO plant. A small RO plant with a 1000 liters per hour capacity will run you about INR 5 lakhs, whilst a large plant with a 10,000 liters per hour capacity can run you about INR 25 lakhs. Other costs, such as those for land, labor, and power, must be included in addition to the price of the plant.
Technology for water refilling stations is a wise investment since it provides a practical way to give people access to clean drinking water. The technique purifies water by reverse osmosis and UV sterilization, and it has a cheap production cost. The water refilling station also makes it convenient and less expensive to refill water bottles rather than purchasing bottled water.
In conclusion, if planned and carried out properly, the water industry in India can be profitable. There is a big market opportunity for investors in the water business due to the increase in demand for clean, safe drinking water. But it’s crucial to take in mind the market’s rivalry and the startup fees for a successful water business. Technology for water refilling stations is a wise investment since it provides a practical way to give people access to clean drinking water.
Finding a business that provides franchising opportunities in the water business sector in India would be necessary to franchise a crystal clear water refilling station. You would need to conduct research and find businesses that fit your criteria, such as their track record, franchise costs, and franchisee support offered. You would need to adhere to their application procedures and fulfill their conditions for becoming a franchisee once you have located a suitable franchisor. This can entail offering financial data, business ideas, and other pertinent information. Before signing any contracts, it’s crucial to conduct extensive due diligence on the franchisor and comprehend the terms and conditions of the franchise agreement.