If there is one thing that is used in every household around the globe then it’s the spices. They are needed in our day to day lives as any cooking is impossible without it.
In India, one can find various types of spices are found in everyone’s home. While all these spices are available in the market, many make these spices at home. Making a ‘masala’ is a very meticulous process. The ones who have the skill to make spices perfectly are able to make a successful business out of it.
If you also want to earn a significant profit by starting a spice making business, then this can prove to be a good option for you.
There is a basic list of raw spices that need to be used as the raw material for this business such as Black pepper, turmeric, dry chili, coriander, cumin, and the list goes on.
Maximum Prices of these spices in India are: Dry Red Chili – Rs 200/Kg; Cumin – Rs 250/Kg; Black Pepper – Rs 530/Kg; Turmeric – Rs 200/Kg (These prices may vary from city to city and are an approximate quote)
To start this business you need some important machines, through which you can make quality spices. The machines needed to make these spices are a dryer, cleaner, Power grader, Bag Sealing Machine, grinding machine. The estimated cost of procuring all the above machines is approximately Rs 4 lakhs and you can easily buy them through the online market.
While many people buy spices made through machines, the majority of people prefer hand-ground spices. All you need to do is clean these spices and grind them carefully.
Before starting this business, you have to register under MSME, then you need to get an FSSAI license from the government. Then you have to open a current account in the name of your business. After completing all this process you can start trading without any hassle and start making money.
Even if you decide to start this business from your home, you will need a space of at least 150 square feet. Apart from this, you need to keep in mind that the packaging should also be done properly. As for marketing, you can approach local shops and send newspaper pamphlets and once you start getting business you can increase the scope of marketing.