Project Description India is the largest producer, consumer, and exporter of spices in the world. The demand scenario for major and minor spices is increasing at an enormous rate in India and abroad. Spices have been an integral part of the Indian diet, and the demand for spices has been growing year after year. India has certain natural comparative advantages with respect to the production and utilization of spices. India is the world's largest producer, consumer, and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. These factors include diverse agro-climatic conditions, environments, and availability of innumerable varieties and cultivars of each spice suitable for different climatic conditions.
The Indian spices market is projected to reach approximately USD 18 billion by the end of 2020 with growth in the sector is expected to be led by branded spices and spice mixes. The Indian government is aggressively promoting spice exports through various initiatives such as setting up of spice parks. Spice Parks offer common processing facilities to both producers and exporters.
Raw Material : Raw Spices
Finished Product : Spice Powder and Paste
Land Area Requirement
Land should be located near to the growing Agri-cluster area easily connected with the Transportation Facility. The Project Land/Building should also have easy availability of water and electricity. The ideal land requirements for the project is a minimum 3500 Sq. Mtr.
Process Flow Chart for Spice Powder •Raw Material Selection
•Washing
•Sorting
•Peeling & Slicing
•Blanching
•Draining
•Sorting
•Drying
•Chopping
•Pulverizing
•Shifting & Packaging
Process Flow Chart for Spice Paste
•Raw Material
•Peeling & Slicing
•Pulverizing
•Mixing
•Pasteurization
•Cooling
•Packaging
Cost of Project (In Lakhs)
Civil Work : 150.00
Plant & Machinery with Utilities : 390.00
Other Expenses : 60.00
(i.e. Preoperative, Contingencies, IDC etc.)
Total Cost (In Lakhs) : 600.00
Means of Finance (In Lakhs)
Promoter Contribution : 150.00
Bank Loan and Subsidy/ Grant : 450.00
Total Cost (In Lakhs) : 600.00
Approx Turnover : 990 Lakhs
Average IRR for 5 Years : 20.69 %
Above mentioned project details and cost is tentative it may vary on actual project cost calculation.
Subsidy by Central Government (MoFPI)
(Reference:https://www.aecengg.com/food-central-government)
•Ceiling upto 5 Crore
•35% for General Areas
•50% for Himalayan States
•50% for North Eastern India
•50% for SC/ ST
•Under the Pradhan Mantri Kisan Sampada Yojana
Subsidy by State Government
(Reference: https://www.aecengg.com/food-state-government)
•From 25 to 50%
•Capital Subsidy
•Interest Subsidy
•Air/ Sea Freight Subsidy
•GST Incentives
•Electricity Rate and Stamp Duty
Our Services •Detailed Project Report
•Assistance for Bank Loan
•Project Planning and Feasibility Study
•Project Implementation
•Monitoring and Evaluation Services
•Supply Chain Management
•Agriculture Advisory Services
•Product Development
•FSSAI License Service
Address: 1 - B-307, Swagat Rainforest-2, Kudasan, Gujarat 382421
Address: 2 - AEC, Village: Bhag Khera, Jind, Haryana
Phone : +91 84888 68449, +91 9016448449, +91- 9958000178
Email : aec.jind@gmail.com
Website : www.aecengg.com
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