Off-season Vegetables Farming (High Tunnel) [Rs. 5.99 million, Mar-2016]

Off-season Vegetables Farming (High Tunnel) [Rs. 5.99 million, Mar-2016]
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07 April 2016
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Tunnel farming is practiced in many areas of Pakistan and is gaining popularity. Faisalabad, Mamokanjan, Gujranwala, Okara & Sahiwal are the most prominent cities for tunnel farming.

The proposed project is a medium sized off-season vegetable farming unit, spreading over 9 acres. Off-season vegetables are proposed to be cultivated in this project using high tunnel technology. The three vegetables proposed to be cultivated in this particular project are Tomato, Sweet Pepper and Cucumber. The total time; from land preparation to harvesting, is around 7 months.

The estimated yield of the farm varies according to the type of vegetables selected. The proposed vegetable mix for this pre-feasibility will be cultivated on 9 acres of land. The numbers of plantations each year are 10,000 plants of tomato, 15,000 plants of sweet pepper and 15,000 plants of cucumber. The estimated produce would be 50 tons of tomato, 20 tons of sweet pepper and 45 tons of cucumber respectively.

Complete adherence to best agronomic practices is critical to the success of this project. Therefore, technical knowledge & experience of the entrepreneur is absolutely necessary.

The cost for setting up the high tunnel farm is estimated at Rs. 5.99 million out of which Rs. 1.37 million is the capital cost and Rs. 4.62 million is for working capital. The project NPV is projected at Rs. 13.67 million with an IRR of 64% and payback period is 1.67 years respectively.

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