Business Idea: Asafoetida cultivation has started in India in the year 2020. Therefore its production is very low, but the demand is very high. Asafoetida is called the Food of Gods in Iran. Used as medicine in some countries of the world. Cultivation of asafoetida has now started in India also. 40 percent of the world’s asafoetida is used in India.
Business Idea: If you are planning to do business then we are telling you one such business. Which has huge demand in India, but its production is less. To meet the demand, India imports from other countries. This is one such product. Without which the kitchen of India is considered incomplete. Actually we are talking about the cultivation of asafoetida . Asafoetida was not cultivated in India, but now asafoetida cultivation has started in the country and it has started from Himachal Pradesh. If you also want to earn better in this economic era, then you can easily earn lakhs of rupees through asafoetida cultivation.
The price of asafoetida also depends on how it is being produced. The price of pure asafoetida in India is currently around Rs 35,000 to Rs 40,000 per kg. Therefore, scientists feel that asafoetida cultivation will greatly benefit the farmers.
Asafoetida consumption in India
Asafoetida is called the Food of Gods in Iran. It is used as a medicine in some countries of the world. India is the only country where it is still being used as a spice. 40 percent of the world’s asafoetida is used in India and it is impossible not to have asafoetida in the kitchen. Use of asafoetida not only enhances the taste of food but it is also very beneficial for health. According to the information, anti-inflammatory, anti-bacterial and anti-viral properties are found in asafoetida. It is used to add fragrance to many products and for food and drinks.
Asafoetida cultivation started in India in 2020
Asafoetida cultivation has now started in India. It started in Himachal Pradesh in the year 2020. Farmers have started asafoetida cultivation in Lahaul Valley of Himachal. For this he has got help from Himalayan Bioresource Technology (IHBT).
Investment and earning in asafoetida cultivation
Cultivation of asafoetida will cost Rs 3 lakh per hectare. If you do farming in the fifth year of this cost, you will get a profit of up to Rs 10 lakh. The price of one kg asafoetida in the market is around Rs 35000 to Rs 40000 per kg. Therefore, if you sell 5 kg of asafoetida in a month, you can easily earn Rs 2,00,000 per month.
Can tie up with companies
To earn more, tie ups can also be done with big companies. Apart from this, the product can be listed and sold on the online platform. In this you can easily earn up to Rs 3 lakh every month.
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