Profitable Business in India: Start Salt Business in 2022 & Earn Lakhs Per Year

Salt is a vital component of our lives, not only in terms of flavor but also in terms of health, and it is employed in both food and chemical sectors. Salt is most commonly used as a raw material in the manufacturing of industrial chemicals. As a result, the salt industry is currently operating on a massive scale. According to the analysis, the worldwide salt market was worth over US$28 billion in 2019 and is expected to be worth more than US$32 billion by 2025. 

Top Three Largest Salt Production Countries

China, the United States, and India are the top three producers of salt, with a combined total of 130 million metric tonnes produced in 2019.

Top Three Salt Producing States in India

Gujarat is India's largest salt producer, accounting for 71% of total production. Rajasthan follows Gujarat with 17% and Tamil Nadu with 11%. The rest of the country produces only 1% of the country's salt.

In India, the salt industry is booming, and the possibilities of becoming successful is very high. So, if you want to make some money, you can start your own modest Salt Wholesale Business.

What are the Document Required for Wholesale Salt Business?

Below we have mentioned the documents, you will require to start a salt business.

Address Proof:

• Ration Card

• Electricity Bill

• Bank Account with Passbook

• Photograph Email-ID

• Phone Number

• Other Documents

ID proof:

• PAN Card

• Aadhar Card

• Voter-ID Card

Cost & Profit Analyses of Salt production

• You can start with the production of iodized salt, as it has a very simple process. It requires very less amount, you can also start this business on a small scale, with a less amount, in which the investment is only Rs 1,00,000 to Rs 1,50,000.

• If you spend on a small-scale amount, then you can expect the profits also on a smaller scale, which means, you can get profits of up to Rs 15000 monthly. In this, you can earn around 1,20,000 to Rs 1,80,000 annually.

What You Require to Start a Salt Business?

Requirements To Start a Salt Business

License & Certificates

• The first thing you should do is contact your state and local revenue departments to inquire about the prerequisites and licenses for beginning a business of this nature.

• If you can contact your local health agency and ask what kind of facilities you'll need to package and create salt mixes and salt products, that might be beneficial.

• It's possible that you won't require a full-scale commercial stove with ventilation and stove system.

• Keep in mind that you'll require a sanitary facility that's been licensed and inspected, with clean facilities and surfaces.

• If you wish to hire people, talk to the IRS, as well as the state's labor and industries department and employment security agency.

Source of Salt

• Look for places where you can get the salt you require. You can accomplish this by looking up salt distributors in your area or searching online for those who specialize in a specific sort of salt.

• You can also inquire about these sources with specific salt companies, and don't forget to inquire about rates and availability.

• Develop a major line of salt mixes, such as pepper and salt mix, as a main product. Remember to keep certain preparations on hand that can be utilized for fish, chicken, and Mediterranean cuisine.

• Choose your desired price for your products as well as your target market.

Marketing Strategy

• Developing labels and packaging for your products would be beneficial. Containers or jars made of glass or plastic are expensive but long-lasting.

• This will undoubtedly affect the price of your product. It would be preferable to use plastic bags because they are less expensive and easier to show.

• Make sure to include an appealing label that will entice customers to take a closer look at your product.

• Offer samples to select restaurants or housewives as a technique of getting your goods noticed.

• You should also investigate your competition in order to develop a more effective approach.