India is known for the Spices. Indians lifestyle is highly influenced by spices. It is one of the profitable business idea in India. Let’s see how to start masala packing business in India.
HOW TO START SPICE BUSINESS IN INDIA
1. COSTING AND INVESTMENT IN STARTING UP A SPICE BUSINESS?
The Indian spices market is of USD 18 billion by 2020. India is producing 50 different types of spices. People wants to make their food more spicy and looking for new spices. So, the usage of the spice powder is increasing day by day.
Every food industry like hotels, restaurants, catering business and many more are using powder spices on a daily basis.
Any one can start this business with small-scale investment.
Basic Investment : 50000 INR to 100000 INR
Area Required: 250 Sq yard
Profit Percentage : 50% to 70%
Earning: Average Sale 100Kg /Day, 50000 to 150000 Per Month
Other additional costs will include equipment maintenance, employee salaries and marketing costs.
As masala business is a part of the food category hence, you need to follow rules and regulation from state government such as follows,
1.Registration of firm should be done depending upon the scale of business if its Pvt. Ltd. or partnership or single person company, the firm is registered accordingly.
GST registration is also essential to gain GST number, which is a must.
2. Obtain trade license, FSSAI and apply for Trademark, BIS certification and IEC. It is advisable to obtain AGMARK certification.
3. SPACE REQUIRED
To start a business of spices, you need around 250 sq yard for processing of pieces and other 250 sq yard is needed for the packaging of the spices. Check commercial space where basic amenities are available such as water, electricity, etc.
You should ensure that location obey the rules and regulations from state government.
Make sure the location is transportation friendly and easily accessible to the target market.
4. RAW MATERIALS REQUIRED
The essential ingredients required in spice powder are ungrounded spices, and along with raw materials, you will need packaging materials which will act as protection of spice powder.
Grinding machine is necessary machinery required in spice business depending upon the scale of industries the equipment is used. Large scale industries use Impact Pulverizer machine while small scale industries use Double stage Pulverizer.
Other machinery such as spice grinder, weighing scale, packaging machine, compressor, roster are also required.