How to Start Dry Fruit Business in India?
The dry Fruit business is one of the most profitable businesses for young entrepreneurs. The demand for dry fruits will increase even in the coming years. Because of the vast fertile soil in India, the conditions favor the growth of many dry fruits. It is very easy to start a dry fruit business in India with minimal requirements.
There are various advantages of starting a dry fruit business. It also has a wide scope in the coming years for new businessmen. In this blog, we will discuss the procedure of starting a dry fruit business in India easily.
Benefits of Dry Fruit Business
Dry fruit is the most important food item in a restaurant, confectionery shops, grocery stores, and sweet shops. In a country like India, the demand for dry fruits is up. So, it is very beneficial to start a dry fruit business in many ways such as:
1. Health Benefits
Dry fruits give a lot of health benefits. They are beneficial even for mental health. Many houses in India consume dry fruits on daily basis to improve physical and mental health. Apart from that, dry fruits are also beneficial for people with health problems. So, it is always beneficial to go for the dry fruit business.
2. Easy to Sell Anywhere
It is easy to store dry fruits for a long time. You can sell nuts such as walnuts, almonds, and cashew nuts within the country and even overseas. Today, it is also easy and quick to receive Import Export Code license to begin your dry fruit business.
3. Stay Fresh in any Weather
One of the major benefits of starting the business of dry fruits is that they stay fresh and tasty in any climate. Whether it is summer or monsoon, you can store dry fruits anywhere. They can be exported without any difficulty to other countries.
4. Easy to Get a Loan
Dry fruit selling business in India can be started with a business loan. Even businesses with less income and household businesses can start selling dry fruits easily by taking a business loan from private money-lenders and banks and financial institutions.
Scope of Dry Fruit Business in India
There is a huge scope forthe dry fruit business in India because of its ever-increasing demand. India is 3rd largest producer of dry fruits around the globe. Over the last 5 years, the country has seen an increase in the production of different types of dry fruits.
People use dry fruits in different cuisines such as sweets, cakes,milkshakes and pastries. They even gift a box of dry fruits on different occasions and festivals and even as a gift at weddings. So, there has always been a rise in the demand for dry fruits in the country. It will still increase in the future because of the increasing food industry.
Stepwise Procedure to start dry fruit business in India
If you start a dry fruit business in India, it is very simple and time-saving. Here’s a quick procedure for commencing a dry fruit business in India:
Process of Company Registration
The very first step is to register your company. It depends on different businessmen which company type they want. If you have a small business, you can choose Private Limited Company Registration. If you have a partnership firm, the option of LLP Registration is also profitable. These 2 types of companies are perfect to promote your small dry fruit business.
Go for License
After starting a company, you have to apply for Trade License to start trading in dry fruits. Different rules and regulations apply to the new company that you must follow. These rules and regulations offer many benefits in taxation work and compliance procedures.
The dry fruit business can be done in different ways. You can start a business of dry fruits on a wholesale basis or retail basis. Apart from that, you can also sell dry fruits online on different marketplaces.
It is necessary to research these rules and regulations before starting a company. You have to apply for GST Registration to start your business activities. As a dry fruit business is a food business, you should get FSSAI Registration to start your food business. Besides, you must also go for MSME Registration before commencing your dry fruit business.
In addition to that, you must get ISO Certification to start a dry fruit business. If you have a small shop, you must also need a Shop Establishment Registration certificate. These are some of the most important licenses to start your dry fruit businesses in India.
Frame a Proper Business Plan
The next step after getting a business license is to make a proper business plan. Making a business strategy is one of the most important steps to starting your new business. A business plan includes many things such as the source of investment and loans, the number of employees to hire, and different ways of marketing products.
You must look at your budget first and then plan accordingly. Apart from that, you must also look at your competitor’s market and how they market their products. Planning a good marketing strategy will help you to avail business loans easily. You must also get a project report to plan how you want to run your company.
Investment in Your Business
You will need a good amount to start a dry fruit business in India. It is easy to register a dry fruit business with simple formalities and rules. After making a proper business plan, you can apply for a business loan. Any bank or financial institution will provide a business loan after looking at your business history.
Type of Packaging
The last step is to decide the kind of packaging for dry fruits. Moisture spoils dry fruits. So, it is necessary to get airtight containers to store dry fruits. You can also go for good-quality plastic bags that keep dry fruits fresh and tasty for a long time.