Oxygen Gas Retail Business: Best Time to Enter the Lucrative Industry
As India copes with the challenges of 2nd Wave of Covid-19 virus, the demand and consumption of medical oxygen jumped exponentially. On 5th of April, 2021, India registered the highest tally of covid-19 cases in a day. It is the single largest surge bigger than even the single day figure of the largest surge in a single day last-2020—the year of the pandemic. In terms of oxygen consumption, there has been a staggering increase in the use of oxygen for medical purposes. According to the data released by FDA (Food & Drugs Administration), the consumption was 19 metric tonnes on 21 February this year and on April 4, 2021 the consumption of medical oxygen jumped to 117 metric tonne. If one analyses data from the 3rd month of the last year, one can see the steadily climbing consumption of the vitally important gas.
A Lucrative Oxygen Retail Business Opportunity
Since the demand is steadily increasing for supply of high purity oxygen, it is the ideal time to enter the business. Recently numerous state governments have ordered the oxygen producers to allocate majority of the gas for hospitals. The graph of consumption will continue its northward march for 3 -4 years. It is the time when entrepreneurs with capital and vision will enter oxygen retail business to serve the country and to entrench their enterprise.
How to Start Oxygen Retail Business
Potential of the business is there for everybody to see. All newspapers headings are screaming for attention to the fact of increasing oxygen demand. Many entrepreneurially inclined persons must have realized the chance to serve and earn but they do not know how they should enter the industry and what skills, licences, technical know-how and capital they require in order to start their setup. This is simple and this article will provide you with all the information putting you ahead of your competition.
Get Oxygen Plant Feasibility Report
For retailing oxygen gas to the intended consumers it is essential that you must have the relevant knowledge of industrial and medical gas market in India or abroad if you are living outside of India. The easiest and simple way to get access to the most important information is by purchasing an oxygen plant feasibility report from a reputed industrial and medical gas consultancy. The detailed medical oxygen business PDFwill equips you with actionable know-how placing you on an accelerated learning curve. Within no time, you have the got the most vital skills for achieving splendid growth in the gas industry.
Capital-Intensive, Promises Lucrative Returns
Industrial and medical gas business is capital-intensive in nature but it promises windfall and steady profits year in year out. Entering the market will be difficult but once you are in it is assured that your profits will keep moving north. It requires significant investment at the very beginning in purchasing an oxygen cylinder filling plant.
Estimated Budget for Installing Medical Oxygen Plant
Budgeting for starting oxygen gas business is must as it is for any other enterprise. However, it would depend upon numerous factors that determine the size of the budget. It depends on the size of your gas operations and the capacity of oxygen plant you intend to install. For catering to small industrial units and healthcare units you can opt for 500m3/hr O2 generating system. The size of the operations will depend upon how many hospitals and Industrial units you will be servicing and their daily requirement of O2.
Finding Reputed Oxygen Gas Plant Manufacturing Company
A lot of your problems will be solved if you find a trusted and reliable medical oxygen plant manufacturer. They have got expert engineers on their rolls with know-how to help you in deciding the best size of the plant. The manufacturer will install the plant and provide after sales service offering technical assistance in case there is a snag or mal-functioning. All reputed manufacturer rank higher on Google and have excellent customer reviews and must have been operating for last 20 years.
Licences and Other Regulations For Selling Medical Oxygen
Producing and supplying medical oxygen requires proper licenses from the concerned governmental bodies. The project report mentioned above contains all information like addresses of nodal office for applying for licenses. There are numerous other regulations of FDA and the WHO that must be complied with.