Ice-Cream is a sweetened frozen food typically consumed as a snack or dessert, made by suitable blending of milk, cream together with sugar, flavour, stabilizer and incorporation of air by agitating during the freezing process. Ice cream is a very popular food item for the people irrespective of the age, even in villages and towns. Ice cream is a must-have item in parties, events, occasional gatherings, particularly in marriages, meetings and social gatherings. Though the ice cream sale grows in the summer, the product has good domestic demand throughout the year. Currently, the retail sale of the ice cream is growing like anything. According to the industry experts, ice cream is a recession-proof industry. The ice cream making process is simple. From a single unit, one can produce a variety of ice creams in different flavours. Hence, ice cream making can be a profitable food business venture in India that can be initiated on a small-scale basis with moderate capital investment. The Profit margin in Ice Cream making business would vary, as each business would have a different cost of production, yet on an average the profit margin goes around 15% to 35%.

According to statistics, the Ice-cream industry in India was worth around INR 201.4 billion in the year 2020 though the ice cream industry had suffered during COVID-19 due to supply chain disruptions that impacted the ice cream sales. Moreover, a lot of people were avoiding Ice-cream as they felt it may make them susceptible to COVID-19. Well, the per capita consumption of Ice-creams in India is approximately 200 ml. per annum. However, the average global per capita consumption is 2 litres. Thus, the lowest per capita consumption of ice-cream leaves ample scope for Ice cream products in India. The increase in per capita income among the urban population with a fast-changing lifestyle is driving the ice cream market in general. The consumption of ice cream is likely to increase in the future presenting a good scope for any new entrepreneurs to venture into this field.

The proposed project is that of setting up of Ice-Cream Making Business unit at the proposed location. The potential target customers and market for the proposed set-up would comprise of the customers of local area, Retail Stores, Departmental Stores, Convenience Stores, Supermarkets/ Hypermarkets, Specialist Stores/ Parlours, Restaurants, Hotels, Canteens and Traders.  

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                     :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

 The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1.    Project at a Glance

2.    Highlights of the Project

3.    Project Introduction

4.    The Project Proposal

5.    The Products and its Uses

6.    Prospect for Investment

7.    Potential Target Customers/Market

8.    Market Entry Strategy

9.    Process Details and Technical Aspect

10. Installed and Operational Capacity

11. Quality Control and Standards

12. Raw Materials and Consumables

13. Power and Utility

14. Tentative Implementation Schedule

15. Basis & Presumptions

16. Capital Investment Estimates with Detail Project Economics

17. Computation of Working Capital Requirement

18. Estimated Total Project Investment

19. Proposed Means of Project Financing

20. Estimated Annual Sales Turnover

21. Projected Profitability Statement

22. Calculation of Interest Amount

23. Depreciation Schedule

24. Term Loan Repayment Schedule

25. Debt Service Coverage Ratio

26. Break-Even Analysis

27. Projected Cash Flow Statement

28. Projected Balance Sheet

29. Internal Rate Return

30. Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

LIST OF ANNEXURES

1.  Basics of Food Processing Business

2.  Indian Food Processing Industry- Current Scenario and Recent Govt. Initiatives

3.  Statutory Permits and Business Licenses required for the Project

4.  Beginner’s Guide to Start the Project

5.  Smart Tips to Identify Suitable Project Location

6.  Critical Success Factors in Food Processing Business and

7.  Marketing Strategy and Promotional Ideas to Boost the Sale of the Business.

LIST OF ENCLOSURES

ENCLOSURE-1: READING MATERIAL FOR ICE-CREAM MAKING BUSINESS, PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-2: E-BOOK ON PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-3: LATEST LIST OF “ONE DISTRICT ONE PRODUCT” (ODOP) FOR 713 DISTRICTS OF 35 STATES/UNION TERRITORIES UNDER PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.