One of the foods that is sold like gold is saffron (kesar). It is sold in grams, costing around ₹400 per gram, which is approximately ₹4 lakh per kilogram.
The Saffron Growing at Home business involves cultivating saffron, a highly valuable spice, in controlled environments like container rooms. Using indoor farming techniques, you can produce high-quality saffron to meet the growing demand.
Saffron is in demand for its culinary, medicinal, and cosmetic uses. As more people become aware of its benefits, the market expands. Growing saffron at home offers a great opportunity to provide fresh, locally produced saffron.
Initial investment ranges from ₹3,65,000 to ₹6,40,000, covering setup costs for container rooms, air conditioning, grow lights, hydroponic systems, saffron bulbs, and other equipment. Licensing and permits cost ₹15,000 to ₹30,000, while marketing expenses range from ₹35,000 to ₹60,000. Annual maintenance costs are around ₹20,000 to ₹40,000, including air conditioning, grow light replacements, and other repairs.
Operating costs for electricity, water, and nutrients total ₹60,000 to ₹1,20,000 annually. The business can yield 1kg to 1.5kg of saffron per year, with a market price of ₹1,50,000 to ₹2,00,000 per kg. This results in an annual income of ₹1,50,000 to ₹3,00,000. The business can grow at a rate of 15-20% annually.
In summary, a Saffron Growing Business is a promising business with one time major investment, followed by managing the space and trying to sell the produce.
Despite challenges like maintaining growing conditions and managing pests, investing in quality equipment and monitoring systems can help. The Saffron Growing at Home business offers a unique and profitable opportunity with significant returns, focusing on quality growing practices and effective marketing for sustainable growth.
In Short by selling Saffron at Rs 3 lakh a kg you can make good returns, to know more just comment SAFFRON and I will send you the complete details over DM.
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