highlights
Due to year-round demand, the spice business is profitable.
People like the locally produced spices.
You can open a spice production facility for 3.5 lakh rupees.
Masala Making Shop: There are things that are always in demand. No matter the season or situation, their demand remains the same. Spices are also one of the items that are always in demand. Chili powder, coriander, turmeric, black pepper and hot spices have become indispensable in the kitchen. This demand, which has lasted for twelve months in the country, has made the spice business an attractive business. If you also want to do business, you can start the Masala Making Unit. Due to the increasing awareness of people, the demand for locally produced spices has increased enormously. Because of this, you can make big profits by starting this work on a small scale.
What is special about this company is that it does not need to spend a lot of money to start it. If you start this work at your home, you will save more in the process. If you have an understanding of tastes and flavors and knowledge of the market, this shop is for you. If you produce quality spices and use the right marketing strategy, you can be successful in a few years.
Also Read This – Business Idea: From 5 lakhs this business will do wonders within a year
Work started for 3.50 lakhs
The Khadi and Village Industries Commission (KVIC) has prepared a report on the costs and returns of setting up a spice factory. According to this report, setting up a spice manufacturing plant will cost 3.50 lakh rupees. A 300 square meter building shed will cost 60,000 rupees to construct. The machines will cost 40,000 rupees. In addition, 2.50 lakh rupees are required for the expenses incurred at the start of the works. Initially, large machines are not required for grinding and packaging spices. Smaller machines can do the job. As work increases, you can increase the capacity of your unit by installing larger machines.
Where can you buy raw materials and machines?
The machines used in masala-making units are available in almost every major city. A grinder is required to grind spices such as chili, turmeric, coriander, etc. They are not very big and their cost is also lower. You can also order them online. Turmeric, black pepper, dry chili, cumin, coriander, etc. are used as raw materials. These are packaged and only sold after grinding. These are also easy to find in almost every city. Or you can buy them in bulk from a place that sells them in bulk.
how much is earned
According to the project report by the Khadi and Village Industries Commission, 193 quintals of spices can be produced in one year. If they are sold at 5,400 rupees per quintal, 10.42 lakh rupees can be sold in one year. After deducting all the costs involved, the profit is 2.54 lakh rupees per year. The report states that profits will continue to increase if someone starts this business in their home instead of renting it. Starting a home business will reduce the overall cost of the project and increase profits.
,
Tags: business ideas, Business News in Hindi, Tips for making money, New business ideas
FIRST RELEASED : May 22, 2023 at 6:50 AM IST
