It can be daunting to start your own company, but all good things are difficult to achieve. At Greenomers we believe in empowering people by sharing the knowledge, and so we have you covered!
Starting a company in any country requires many different licenses, registrations and certifications. In this article, we will see why it is worth it to transition to biopolymers and go over the required processes for setting up a biopolymer products manufacturing company in India.
Why should I manufacture biopolymer products?
Plastic is one of the most vital inventions of the 20th century, revolutionising a myriad of industries and bringing convenience to the masses like never before. However, it is one of the most polluting materials to plants, animals, humans and entire ecosystems. Thus, biopolymers, which are compostable in 180 days, plant-based, non-toxic and have applications similar to plastic are the need of the hour, making it one of the most growing market segments, essentially the material of the future.
Drivers of the biopolymer market:
- Awareness: Increasing awareness about the consequences of plastic-use and the need for a more sustainable option is driving the move from conventional plastic to its biodegradable counterpart. The Ellen McArthur Foundation predicts that by 2050, our oceans will contain more plastic than fish. Such statistics drive the conversation towards the negative environmental, climatic and health aspects of plastic.
- Regulations: Approximately 30 countries in Africa, Asia, North America, or Europe have completely banned plastic bags. Some countries have imposed user fees from the sales so that the use of plastic can be reduced as well as plastic pollution can be decreased.
- Environmental, Social, Governance (ESG) Goals: Companies are increasingly coming under the public eye for the plastic waste they create. Thus, major corporations are increasingly committing to sustainability goals that include reducing plastic waste. For instance, Coca-Cola aims to make all of its packaging recyclable by 2025 and use at least 50% recycled material in its packaging by 2030, which includes exploring biodegradable options.
Now that you are completely convinced, let us have a look at the necessary documentation required to set up and start your very own biopolymers manufacturing company and plant. This can include film products like carry bags, garbage bags, pouches, stretch film etc. or injection moulded products like spoons, forks, knives, containers etc. or any other single-use disposable items.
Licenses Required in India
- Register with the Registrar of Companies (ROC) as a Limited Liability Partnership or a Private Limited Company
- GST/PAN Registration
- Registration in the Udyam Portal to obtain Udyam Registration under Ministry of MSME or with State Govt. agencies for availing Government subsidies is advisable
- Trade License from the Local Municipal Authorities and factory license to be obtained
- NOC from State Pollution Control Board
- License from Bureau of Indian Standards
- Other necessary certificates
Greenomers has obtained all the necessary licenses for our manufacturing plant. If you are considering starting one of your own, do reach out to us! We look forward to providing you with guidance and consulting in your green journey.