Wire Nails are ones that are cut and manufactured from a coil of wire. These are the most common nails used in construction as well as household projects around the world. Wire nails are used in various applications, including fastening wood and other materials together, attaching insulation to wood framing and many other general-purpose applications.

Manufacturing of Wire Nails starts with a coil of wire which is fed into a machine that cuts it into predetermined lengths. Once the wire is cut, the machine creates the nail’s head and point after which it falls into a holding bin. The manufacturing process leaves behind gripper marks, on the nail’s shank, just below its head and actually serves the purpose of providing extra grip, thus preventing the nails from pulling out of the wood. Wire nails can be used for general purpose fixing as well as the construction of roof trusses and pallets.

India is a developing country with a rapidly growing economy. The manufacturing sector is one of India's key drivers of economic growth. The wire nail industry is one of the most important industries in the manufacturing sector. The demand for wire nails is always high and as a result, the market for wire nails is extremely competitive. Starting a wire nail manufacturing business can be very lucrative and rewarding proposition.

There is a huge demand for wire nails in the construction and home improvement industry. Many small and medium enterprises (SMEs) account for a significant share of the industry. The major players in the industry are JSW Steel, Tata Steel and SAIL. In India, Iron Wire is made in two places, first - Raipur (Chhattisgarh) and second - Durgapur (West Bengal).

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 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].

This Project Report/ Business Plan covers all the important aspects of the Project containing Highlights of the Project, Introduction, Market Analysis, Operational Aspects and Financial Aspects. The presentation also supplements with important facts and useful information covering the areas as indicated below;

LIST OF ANNEXURES

1.     Statutory Permits and Business Licenses required for the Project

2.     Smart Tips to Identify Suitable Project Location

3.     Beginner’s Guide to Start the Project

4.     Critical Success Factors in MSE Business and

5.     Market Entry, Distribution, Marketing Strategy and Promotional Ideas to Boost the Sale of the Business. 

LIST OF ENCLOSURES

ENCLOSURE-1: PROSPECT FOR INVETSMENT IN WIRE NAIL MANUFACTURING BUSINESS.

ENCLOSURE-2: E-BOOK ON SCHEMES FOR MSMEs, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-3: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-4: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-5: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-6: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

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.