How to make money from Hing manufacturing business
Compounded Asafoetida Hing business is one of the best business ideas for you if you are willing to initiate a small scale manufacturing business with less investment. In this blog, you can get all the details and steps about how to start a compounded Asafoetida Hing manufacturing business small scale. What are we waiting for? let us make money from Hing (Asafoetida) making business.
An idea to make money from Hing manufacturing business
Compounded Asafoetida or Hing is a famous Indian spice used in most the Indian recipe. We know that being Indians we cannot imagine the food without the spices, especially Asafoetida which is also used as an aroma in the cosmetics industry, and thus the demand for these spices like compounded Asafoetida or Hing is remarkably high.
Not only in the domestic market the need for the compounded Asafoetida or Hing is high in the international market as well. The raw material for compounded Asafoetida or Hing is mostly imported from Afganistan and Iran.
Hing business – compounded Asafoetida
If you are thinking of Hing manufacturing business opportunity then two kinds of Asafoetida are available in the market namely Hing Kabuli Sufaid-Milky white Asafoetida and Hing Lal – Red Asafoetida. Asafoetida is pungent in taste, acrid and gives out a strong displeasing pungent odor due to the existence of sulfur compounds in it.
Chemically, milky white Asafoetida soluble in water whereas Red Asafoetida is soluble in oil, pure Asafoetida cannot be directly used for its unpleasant smell and flavor, thus, it must be processed. Moreover, the pure Asafoetida is added to starch and gum for preparing compounded Asafoetida, it is thus generally found in powdered form but is also available in tablet form. As there is a great need for compounded Asafoetida or Hing globally so initiating compounded Asafoetida or Hing business is a money-making business idea.
Hing manufacturing business licenses
Registration of firm: You may begin a small to medium compounded Asafoetida or Hing manufacturing business by two of the ways either as Proprietorship or as a Partnership Firm.
GST registration:Â It is strictly made rule to have the GST number for starting any business, so, you must apply for the GST registration as well.
Trade license:Â It is easy to get a trade license through local organizations for your business.
MSME/SSI registration:Â In case you plan to obtain any relaxations or subsidies from the government then, MSME/SSI Registration will assist you in such schemes from the state government.
Trademark:  Trademark registration is very crucial to avoid any complications after the establishment of your brand in the market so it’s important to have the trademark registration before starting your Hing manufacturing business.
Food Safety and Standard Authority of India (FSSAI): Compounded Asafoetida or Hing is classified under the food industry, as a result, the permission from Food Safety and Standard Authority of India (FSSAI), is obligatory for any food processing business.
IEC code:Â When you are interested to export the processed Hing it is a must to have the IEC code for exporting your product to the foreign market. Thus ensure you get the IEC code before starting the business.
Area required for Asafoetida manufacturing plant
Choosing the location for any business is a very effective task; hence you must know while choosing an area or location for business. You can begin the compounded Asafoetida Hing manufacturing plant with the area of 500 sq ft. This location must be readily accessible to the target market and near to the source of raw material. Apart from this, the supply of electricity and water availability are very important aspects of that location.
Raw materials for Hing making business
The basic raw material for Hing Business is the concentrated Asafoetida. The quality concentrated Asafoetida depends on the volatile oil content that delivers its characteristic odor. The reduced amount of water ensures a long-lasting period for the concentrated Asafoetida. Additionally, you will purchase the packaging material like plastic bags, considered the finest option to stock concentrated Asafoetida.
In case if you miss this: How to Start Fruits and Vegetable Export Business.
The quality of the product is based on the quality of raw material utilized while preparing the concentrated Asafoetida. Hence, you must be careful while purchasing the raw material for the manufacturing of concentrated Asafoetida. It is recommended to look for the raw material dealer who will deliver you with the best quality raw material at a sensible price.
Hing manufacturing plant machinery
There are various types of Hing manufacturing plant machinery which is available in the market for a concentrated Asafoetida manufacturing business. You must choose the machines depending upon the product needed and the financial resources you have with you. There are two types of machinery to process concentrated Asafoetida manufacturing. One is a fully automated machine and the other is a semi-automated machine. It is recommended to choose the semi-automatic machinery for your business and the manufacturing unit. A few of the machinery needed for concentrated Asafoetida manufacturing are- mixer grinder, tablet making machine, milling machine, and packaging machine.
Cost of Hing manufacturing machine
The fully automated Hing manufacturing machine costs starts from Rs. 3 lakh and may go up to Rs. 8 lakhs based on the capacity it can produce. Based on the unit size and the budget you can choose any one of it.
Hing manufacturing processÂ
Compounded Asafoetida manufacturing process
Once the required machinery is chosen, the next steps involved in compounded Asafoetida manufacturing process, are listed below in a step by step manner.
Step 1 Soak in water: You must soak the pasty mass of Asafoetida in water.
Step 2 Mixing: Then mix the components in the proper proportion by the mixer grinder. Then add the slurry of the soaked Asafoetida to it and mix properly.
Step 3 Milling: Then by using the milling machine compounded Asafoetida is made into the powder form.
Step 4 Tablet form: Usually, Asafoetida is available in powder form but additionally, you can process further the compounded Asafoetida or Hing in the form of the tablet through tablet making machine.
Step 5 Packaging: After passing through all the above steps of the Hing manufacturing process, the compounded Asafoetida or Hing powder is then packed using a packaging machine for retaining its moisture content by quality polythene bags.
How to sell Hing in the market
You may also check Spice Processing and Packaging information.
Quality and eye-catcHing packaging of Hing adds up in branding for the Hing manufacturing plant. Because it aids to create good visual features on customers’ minds. So a tough and attractive packaging is needed for the Hing making business.
How to sell Hing in the local market
Try to focus on the nearby local market. It is easy to reach the contact in your local market and retailers as well. Request them to promote your product by spreading about it in their connections.
How to sell Hing in the wholesale market
You can also sell your product in the wholesale market in large quantities.
How to sell Hing online
B2B websites: Popular websites like – Alibaba, Tradeindia, Indiamart, Exportersindia, will aid you in selling your product in large quantities, and it is very useful in the starting stages.
B2C websites: By registering your Hing business on popular e-commerce websites such as – Amazon, Snapdeal, Flipkart, Bigbasket, you can contact the interested candidates once they book the orders which gradually creates a nice customer base.
The export market for Hing
Once the product is established in the local market you can start exporting the Hing to foreign markets and as informed earlier in the article you should have the IEC code which is compulsory for import and export of any product.
Hing branding and uniqueness
The good quality of your product itself helps in promotions in a way where the people who purchase from you will surely recommend the product within their networks. While selling your Hing product to local retailer or distributor request them to promote your product by simply informing people to buy your Hing product; try to increase your client base using your recurring customers who had positive thinking for your product.
The conclusion to make money from Hing manufacturing businessÂ
Having a perfect business plan, one can succeed and make money from the Hing spice powder making business in India.