Are you planning to commence your entrepreneurial journey with a small-size manufacturing business with low capital investment? If yes, then you need to go through the several points concerning compounded asafoetida hing business in India explained in this write-up.
Compounded Asafoetida or Hing is worldwide recognized Indian spice used in most of the Indian recipes. It’s a well-known reality that Indian folks cannot imagine their food without the presence of spices in it. Asafoetida is also utilized as a fragrance in cosmetic items and thus, the demand for this digestion regulating spice i.e., Compounded Asafoetida or Hing is always on the another level not only in the Indian market within the national boundaries but also the demand for the Asafoetida or Hing is high outside India in the international market. The raw material associated with Compounded Asafoetida or Hing is primarily imported from Afghanistan and Iran.
Asafoetida is a plant and it carries a bad smell. Also, it tastes bitter. Asafoetida is utilized as a flavouring ingredient in foods as well as beverages. In India, more than thousands of cooking recipes are available where Hing is the most crucial spice.
Commencing a hing business in India is easy with comparatively low capital investment. Most importantly, hing manufacturing business doesn’t require a lot of space for carrying out the manufacturing operation. Nevertheless, you would have to pay extra attention to the product distribution.
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Synopsis |
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1. Compounded Asafoetida Hing Business in India: An Overview |
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2. Types of Asafoetida |
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3. Business Plan concerning Compounded Asafoetida Hing Business in India |
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4. Area Required for Asafoetida Manufacturing Plant |
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5. Hing Business in India: Licenses Required |
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6. Hing Manufacturing Plant Machinery |
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7. Raw Materials Required in Hing Business in India |
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8. Hing Manufacturing Process |
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9. Winding Up |
Types of Asafoetida
- Since you are planning to initiate a hing manufacturing business, you must learn about the types of asafoetida or hing.
- In the stores, there are two types of Hing available, namely Hing Lal (Known as Red asafoetida in English) and Hing Kabuli Sufaid (Known as Milky White asafoetida).
- When it comes to taste, asafoetida is sharp as well as pungent, and it exudes an unpleasant, irritable odour because of the availability of sulphur compounds therein.
- Milky white asafoetida is water-soluble.
- On the other hand, Red asafoetida is oil soluble; absolute asafoetida is not used directly because of its strong smell as well as flavour.
- Hence, it must get processed.
- Therefore, starting Compounded Hing Business in India is a lucrative business approach.
- Pure asafoetida is blended with starch and gum to produce compounded asafoetida.
- Compounded asafoetida is usually found in the form of powder.
- It is also obtainable in tablet form; there is a tremendous demand for compounded hing in the Indian market and in the export market as well.
Business Plan concerning Compounded Asafoetida Hing Business in India
The method of drafting a business plan may bring exceptional outcomes for your asafoetida manufacturing business. The business plan is the fundamental outline for all businesses. A business operating or set to operate without a good business plan will be an unsafe affair. Most people misunderstand that a business plan is a minor document incorporating the primary pattern that you will be obeying for your business. However, everyone should know that it’s beyond that. A business plan encompasses your planning from scratch level to the further steps that you are going to take in the future course of time. Also, we must say that the business plan is not a constant idea, and it requires changes from time to time with the progress of the business.
In the stage of development, a well-updated business plan is extremely useful for forecasting or elevating additional capital for the purpose of enlargement. And in case if you plan to sell or put a lock on the business, the business plan may accommodate tacts as well as timelines for the shift to new ownership or company dissolution. In case if you are endeavoring to initiate your asafoetida hing business in India, you must be ready with a well-organized business plan. The business plan will portray the part of a safety net. Getting funds from banks or angel investors will not be a possibility without a properly designed business plan. Owning an up-to-date business plan will help you attain the money you need to keep operating or develop your business. Although penning down a business plan can be a time-consuming process, it’s still required for the creamy functioning of your hing business in India and will help it endure the start-up phase.
Area Required For Asafoetida Manufacturing Plant
- Opting for the right location for the asafoetida hing business in India is a very crucial task.
- Thus, you must know your needs and choose the location accordingly.
- You can commence the Asafoetida Hing Manufacturing plant with at least 500 sq ft area.
- Also, you must ensure that the area will be easily accessible by the destination market and origin of raw material.
- Area location should have a facility such as a drainage facility, water supply, and electricity supply.
Hing Business in India: Licenses Required
Firm Registration: You can kick-start the small to medium Compounded Hing business in India either in the form of a Proprietorship or Partnership Firm.
- If you are commencing this business as One Person Company, then you would have to proceed ahead with registering your firm as a proprietorship.
- You must register as a limited liability partnership or Pvt. Ltd. or a company with ROC (expanded as Registrar of Companies) for partnership operation.
GST Registration: it is compulsory to acquire a GST number to drive business. Hence, you need to apply for the GST registration.
Trade License: You must acquire a trade license from the local authorities.
MSME/SSI Registration: if you are eyeing a government facility, as well as the scheme, MSME or SSI Registration will help you claim such facilities from the concerned state government.
Trade Mark: Proceed ahead and determine a brand name. Now, you can register it with Trademark registration.
FSSAI License: Hing belongs to the realm of the food industry. Hence, you would have to apply for the Food Safety & Standard Authority of India (FSSAI), which is necessary for all food processing businesses.
IEC code: if you are striving to export Hing or Compounded Asafoetida, then you must get the IEC code for exportation.
Hing Manufacturing Plant Machinery
Numerous types of Hing Manufacturing Plant Machines are available in the market for carrying out the asafoetida hing business in India. You would have to opt for the machines on the basis of product demand & investment.
For asafoetida manufacturing or hing business in India, there are two types of machinery available such as semi-automatic machine and fully automatic machinery. It is recommended to go for the semi-automatic machinery for manufacturing unit operating on a small scale.
Given below are some machines required for asafoetida hing business in India-
Raw Materials Required in Hing Business in India
- The primary raw material for hing Business in India is concentrated Asafoetida.
- The feature of concentrated Asafoetida relies on the volatile oil content that furnishes its distinctive odour.
- The minimum quantity of water, which assures a long life of concentrated Asafoetida.
- In addition to this, you would have to purchase the packaging material. Normally, plastic pouches are the most suitable option to stock concentrated Asafoetida.
- The product quality depends on the state and quality of raw material employed to deliver the concentrated Asafoetida. Hence you must be aware while picking the raw material for the production of concentrated Asafoetida.
- It is desirable to explore a raw material supplier who will equip you with high-grade raw material at a moderate rate.
Hing Business in India: Manufacturing Process
Given below is the stepwise guide that represents Hing Manufacturing Process in brief-
Step 1: Soak In Water
You would have to soak the pasty mass of hing or asafoetida in water.
Step 2: Mixing
Then, you need to mix the ingredients in the demanded proportion with the help of a Mixer Grinder. After that, you need to add the slurry of the soaked hing and mix in a proper way.
Step 3: Milling
Then, you would have to make the compounded asafoetida or hing to the powder form with the help of a Milling machine.
Step 4: Tablet Form
Commonly, asafoetida is in powder form, but you can create the Hing tablet or Compounded Asafoetida by using Tablet making machine.
Step 5: Packaging
After following all the above-mentioned points in the hing manufacturing process, the Compounded Asafoetida or Hing powder is properly packed by using a Packaging machine in order to preserve its moisture content, and quality polythene bags are utilised for packaging purpose.
Winding Up
Compounded asafoetida hing business in India is a highly profitable venture, and it’s in demand due to increasing health consciousness among the Indians after the pandemic. The applicability of asafoetida is in cosmetics and food items. It is essential to ascertain the flavour strength in asafoetida (hing). At Aatmnirbhar Sena, we are raising awareness about hing business in India and small scale business enthusiasts can mint a huge profit.
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