BUSINESS OPPORTUNITY PROJECT SUMMARY
PROJECT CONCEPT:
This Project aims to contribute to the eradication of iodine deficiency disorders (IDDs) in the Philippines which remain a serious nutrition and health concern of the country.
IDDs comprise a broad spectrum of deficiencies resulting from lack of iodine in the diet which leads to the reduction of intellectual and physical capacity affecting everyone who is iodine deficient and may manifest as goiter, mental retardation, physical and mental defects, and cretinism.
The Project shall establish a small-scale salt-iodizing plant in a municipality or cluster of municipalities.
It shall be a forward linkage of the prospective establishment of barangay seawater desalination plants in small island and remote coastal communities to produce their own requirements of potable water and salt, and in the case of the latter, the trading of their excess supply.
The production plant shall adopt the UNICEF recommended technologies as effectively adapted in various places in the country, including local fabrication of salt iodizing machines based on a suitable model developed under the UNICEF’s global micronutrient initiative.
ANNUAL PRODUCTION/SALES: 300 MT/PhP 4.5 million
ANNUAL OPERATING INCOME: PhP 1.073 million
ESTIMATED TOTAL PROJECT COST: PhP 2.91 million
RETURN ON INVESTMENT RATE/PAYBACK PERIOD: 36.9% p.a. /2.7 years
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