Business News Desk: Kitchen remains incomplete without onion. This is one of the most special items in the kitchen. When onion prices start skyrocketing, it disappears from many kitchens. In such a situation, the demand for onion paste increases. In such a situation, if you want to start a business then you can start onion paste business. This may prove to be a better idea for you. Due to its easy technology, anyone can set up its unit and earn good income. There is a lot of onion consumption in the country. Maharashtra, Madhya Pradesh and Karnataka produce maximum onion in the country. The biggest onion market is in Lasalgaon, Maharashtra. Due to heavy rains, there has been a lot of damage to crops in Maharashtra and Karnataka. In such a situation, you can also start the business of making onion paste.
How much will it cost?
Khadi Village Industries Commission (KVIC) has prepared a project report on the business of making onion paste. According to this, this business can be started for Rs 4.19 lakh. If you do not have money to start a business then you can take a loan from the government’s Mudra Scheme. According to KVIC report, the total cost of setting up an onion paste manufacturing unit is Rs 4,19,000. In this, Rs 1 lakh will be spent on building a building shed and Rs 1.75 lakh will be spent on equipment (frying pan, autoclave steam cooker, diesel furnace, sterilization tank, small utensils, mugs, cups etc.). Apart from this, Rs 2.75 will be required to run the business. Through this unit, about 193 quintals of onion paste can be produced in a year. At Rs 3,000 per quintal, its value will be Rs 5.79 lakh.
Do marketing like this
After production of onion paste, pack it in a better way. Nowadays the product is sold in designer packing. You can take help of marketing for its sale. Social media can also be used for this. Apart from this, if you have budget then you can promote your product by creating a company website.
How much will be the earning?
The report estimates that if you produce onion paste at full capacity, you can make sales worth Rs 7.50 lakh in a year. If all the expenses are deducted from this then the gross surplus will be Rs 1.75 lakh. At the same time, the estimated net profit can be Rs 1.48 lakh.
