Mr.Oswald D Souza, Son of Mr.Alex DSouza, aged about 46 years, residing at door no. 2-43, Kirmbadi House, Paduperar Village & Post, Via Bajpe, Mangalore Taluk, Dakshina Kannada District is the Promoter of the proposed Project of Purchase of Raw material Spice ingredients and converting into different flavors of Spices, involving the Process of filling, Packing, and distribution of same. The unit will be Operated from the proposed own Building/Shed premises built at Door no: 2-46, Paduperar Village & Post, Via Bajpe, Mangalore Taluk, Dakshina Kannada District. ALICE SPICES will be the Trade name of the Proposed Project.
The Promoter is hailing from a Respected family. Having graduated from Mangalore University and worked in Accounting & Finance field over a period of 18 years in reputed companies in India and abroad, gained extensive knowledge of Business Administration, Business Analysis & Financial Planning, Forecasting and Budgeting. He is also known for Honesty, Fairness, Objectivity, and Integrity in dealings both inside and outside of an organization. He has got sound knowledge of the Spice Industry in terms of Procurement of both quality raw materials at an economical cost as well as marketing the final product. He has a dream of setting up this proposed Project in his own locality in order to provide employment opportunities to local people. The proposed project's Plant & Machinery requirement in total works out to be to the tune of Rs.13 Lakhs. The unit also requires a reasonable amount of working capital for the procurement of raw materials, stocking of raw materials and payment of wages and other expenses. The total cost of the project is Rs.25 Lakhs. He is venturing to set up this Unit with Financial Assistance from Bank under the Prime Minister's Employment Generation Program.
Spices are an essential product for the Health and Well being of the Human Being. We cannot imagine having food without using Spices in our Cuisine, especially in India.
India is known as the home of spices and boasts of a long history of trading with the ancient civilizations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, and taste. India has the largest domestic market for spices in the world. India is the world's largest producer and exporter of spices of the 109 varieties listed by the International Organization for Standardization (ISO), as the country produces and exports about 75 varieties of spices.
India primarily exports pepper, chilly, turmeric, ginger, cardamom, coriander, cumin, fennel, fenugreek, celery, nutmeg and mace garlic, tamarind, and vanilla. Processed spices such as spice oils and oleoresins, mint products, curry powder, spice powders, blends, and seasonings are also exported. The US is the major importer followed by China, Vietnam, the UAE, Malaysia, Saudi Arabia, the UK, Germany, Singapore, and Sri Lanka. In 2014-15, India exported spices worth US$ 2.42 million.
According to the industry players, there is a vast demand for Indian Spices around the World as well as in the Domestic Market. There is a potential to grow the Business of Spices in India due to its Population growth as well as Health awareness among people because of its curing ability for different ailments.
Business Potential for the proposed Project is encouraging and is growth-oriented. Surrounding of Dakshina Kannada and Udupi District is fast developing both in terms of economically and in population vise due to rising residential buildings and dwellings. All these factors are contributing to the potential demand for the Spices right now and surely rising in the immediate future.
The Promoter is having good relations with the major Shop Owners/Businessmen in the locality and City areas, which will help to grab market share without a doubt. Further, the spice that Proposed Project is going to produce is unique and distinct in taste and with quality ingredients which will help him to secure business to his proposed Industry.
Hence, if financial help is offered, the Proposed Industry can be set up by the Promoter, which function smoothly in a profitable way and the viability of the project is considered beyond doubt.