Curated By: Business Desk
Last Updated: January 22, 2024, 18:22 IST
Incense sticks are made up of bamboo sticks.
On a small scale, beginning an incense sticks enterprise from residence will price between Rs 40 and 80,000, with the potential to earn as much as Rs 1.5 lakh every month.
India, the world’s main incense producer, has a profound cultural love for incense sticks, also called agarbattis. These fragrant sticks serve an vital half in Indian rituals and are sometimes employed on non secular events. India is an enormous provider of incense sticks, which are available a variety of tastes and are comprised of pure elements. These scented compositions are used to worship quite a few deities whereas additionally enhancing consideration, sharpening the senses, and elevating the spirit throughout meditation. So, immediately let’s speak about a enterprise concept of agarbattis that requires a minimal funding and provides substantial returns:
Incense sticks are made up of bamboo sticks. The stick is coated with naturally occurring aromatic flowers or different fragrant pastes corresponding to sandalwood. Incense sticks are utilized in virtually each Indian residence. Apart from that, they’re additionally utilized in over 90 nations, and India is the most important producer of them. To run an agarbatti enterprise, one doesn’t want a separate place. It may be simply began at residence.
The demand for incense sticks rises all through India, significantly throughout festivals. Although there are various corporations within the agarbatti trade, if one can introduce new fragrances to the market, then the product will shortly achieve recognition. One vital factor to notice is that though there are various opponents out there, the demand for incense sticks can also be fairly excessive.
Firstly, one will want a licence to start out an incense stick manufacturing agency. In addition, it is going to additionally require a GST registration for the corporate. On a small scale, beginning this enterprise from residence will price between Rs 40 and 80,000, with the potential to earn as much as Rs 1.5 lakh every month. The revenue can be between Rs 50,000 and Rs 60,000. As the product reaches a wider viewers, the demand may also begin growing and might fetch tens of millions as effectively. The solely factor to bear in mind is the branding and commercial of the product. Other than that, one may manufacture eco-pleasant agarbattis as a strategy to shield the setting.
