Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.

Opportunity in Spices Business (Red Chili, Turmeric, Coriander, Cumin & Garam Masala)

Capacity - Plant and Machinery cost 150.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 33.00 %
Break Even Point (BEP) 65.00 % TCI 0.00 Lakhs
Cost of Project 418.00Lakhs


Spices are naturally occurring substances derived from parts of plants such as seeds, fruits, roots, and bark. They are primarily used in cooking to enhance flavor, aroma, and color in dishes. Each spice carries its own unique taste and health benefits, making them integral components of culinary traditions worldwide. Red Chili, made from dried and ground chili peppers, adds heat and intensity to dishes. It's known for its metabolism-boosting capsaicin content. Turmeric, a vibrant yellow spice, is made from the root of the Curcuma longa plant. It has been used for thousands of years for its anti-inflammatory and antioxidant properties, largely due to the active compound curcumin. Coriander, derived from the Coriandrum sativum plant, is available both as whole seeds and ground powder. It offers a lemony citrus flavor when crushed and is believed to have digestive and anti-inflammatory benefits. Cumin, from the Cuminum cyminum plant, is another highly flavorful spice with a distinct nutty and peppery flavor. It is celebrated for its digestive aid and for improving glycemic control in people with diabetes. Garam Masala, unlike the single-origin spices mentioned earlier, is a blend that varies by region and traditionally includes a mix of ground spices such as black and white peppercorns, cloves, cinnamon, cumin seeds, and cardamom pods among others. It's known for its warming properties and contributes to enhanced digestion and metabolism.

Manufacturing Process for Blended Spices

·         Procurement and Quality Check: Raw spices, such as turmeric, cumin, coriander, and others, are sourced from trusted suppliers. The raw materials undergo a rigorous quality inspection to ensure they meet set standards, including checking for impurities, moisture content, and overall quality.

·         Cleaning: The spices are cleaned to remove impurities such as dust, stones, or other foreign materials. This is typically done using various cleaning equipment, including air classifiers, de-stoners, and magnetic separators.

·         Roasting (Optional): Some spices, such as cumin or coriander, may undergo roasting to enhance their flavor and aroma. The roasting process is done under controlled temperatures to avoid burning the spices.

·         Grinding: The cleaned or roasted spices are then ground to a fine powder using a grinder or mill. This step ensures the spices have a consistent texture, which is crucial for blending and culinary applications.

·         Blending: Different ground spices are combined in specific ratios to create a variety of blended spices, such as curry powder, garam masala, or chili powder. This step requires precise measurement and mixing to ensure consistent flavor and quality.

·         Quality Control: The blended spices undergo quality checks to ensure they meet flavor, texture, and appearance standards. Microbial testing is also done to ensure the product is safe for consumption.

·         Packaging: Once quality checks are passed, the blended spices are packed into appropriate containers, such as jars, pouches, or sachets, to preserve freshness and protect them from contamination.

·         Storage and Distribution: The packaged spices are stored in a dry, cool environment to maintain their quality. They are then distributed to retail stores, supermarkets, or directly to customers, completing the journey from raw materials to finished product.

Business Opportunity in Spice

The global interest in healthy living and natural remedies has surged, creating a lucrative market for spices known for their health benefits. Capitalizing on the consumer shift towards wellness and natural products, businesses can tap into the burgeoning demand for spices such as red chili, turmeric, coriander, cumin, and garam masala. By positioning these spices not only as culinary essentials but also as key components in health and wellness products, companies can attract a diverse clientele looking for natural ways to enhance their health. Collaborating with nutritionists and health experts to develop and market spice-based products can further validate their health claims and appeal to health-conscious consumers. With the right marketing strategy and product development, the business potential in the spice sector is vast and varied, catering to a growing segment of consumers prioritizing health and natural ingredients in their purchasing choices.

Benefits of Spices

The consumption of spices, such as red chili, turmeric, coriander, cumin, and garam masala, offers a plethora of health advantages that extend far beyond their culinary applications. These potent ingredients can significantly contribute to overall well-being when integrated into a balanced diet. Red chili, with its capsaicin content, not only enlivens the palate but also aids in pain relief, reduces blood sugar levels, and serves as a powerful antioxidant. Turmeric, revered for its curcumin compound, plays a crucial role in combating oxidative stress and chronic inflammation, which are linked to a multitude of diseases. It also supports brain function and may lower the risk of heart disease. Coriander is more than just a flavor enhancer; it's a source of dietary fiber, iron, and magnesium. It assists in the regulation of digestion and cholesterol levels, making it beneficial for heart health. Cumin is celebrated for its ability to improve digestive health by increasing the activity of digestive enzymes, potentially reducing symptoms of irritable bowel syndrome. Garam masala, a dynamic blend of spices, not only elevates the taste of food but also boosts digestion and metabolism. The spices in this blend have been linked to improved digestion, detoxification of the body, and even enhanced immune function. By incorporating these spices into your daily diet, you could see improvements in digestive health, a reduction in inflammation, and enhanced metabolic rates, which can lead to weight loss. Additionally, their antimicrobial and antioxidant properties may protect against infections and diseases, while their ability to improve blood circulation can enhance overall vitality.

Indian Market Outlook

The India spices market size reached INR 1,80,760 Crores in 2023. Looking forward, the market to reach INR 4,70,339 Crores by 2032, exhibiting a CAGR of 11% during 2024-2032. The growing product demand in the food and beverage (F&B) sector, widespread adoption of spices for medicinal purposes, government support, sustainable sourcing, continuous innovation, and introduction of new blends are some of the major factors propelling the market.  Spices are natural plant substances that improve the flavor, aroma, and color of food and beverages. They have been essential in culinary practices, medicinal remedies, and cultural traditions for several years. Some of the commonly known spices include cinnamon, cumin, paprika, turmeric, cloves, and black pepper, each offering unique and distinctive tastes and health benefits. They often possess medicinal properties, such as anti-inflammatory, antioxidant, and antimicrobial effects, contributing to their use in traditional medicine across various cultures.

The market is primarily driven by the rising demand for blended spices. In addition, rapid urbanization and the hectic lifestyles of individuals and working professionals are influencing market growth. Moreover, consumers are shifting toward natural spices over artificial ones due to growing health consciousness represents another major growth-inducing factor. Also, packaged spices are gaining popularity as they offer reduced contamination risk. Besides this, the government of India’ (GoI) efforts to promote and export spices further support the market expansion of spices. Along with this, the aromatic and flavorful appeal of Indian spices led to widespread adoption among individuals, and the increasing demand for convenient, cost-effective, and high-quality spices available through various distribution channels is propelling the market growth.


Final Thought

Venturing into the spice business presents an exceptional opportunity for entrepreneurs looking to capitalize on the growing trend toward healthy, flavorful, and natural foods. As consumers become more health-conscious and open to exploring global cuisines, the demand for high-quality, authentic spices like red chili, turmeric, coriander, cumin, and garam masala is on the rise. By leveraging the rich cultural heritage and proven health benefits of spices, businesses can create a strong, unique selling proposition. With relatively low startup costs compared to other food sectors and the possibility of high margins, the spice business is a promising avenue for those passionate about bringing flavor and health benefits to kitchens around the world.

Key Players

·         Aachi Spices & Foods Pvt Ltd

·         Badshah Masala

·         Eastern Condiments Private Limited

·         Everest Food Products Pvt Ltd

·         Mahashian Di Hatti Private Limited

·         MTR Foods Pvt Ltd.

·         Patanjali Ayurved Limited

Cost Estimation


Chilly                                                         2,400 Kgs. Per Day

Turmeric                                                    1,000 Kgs. Per Day

Coriander                                                   520 Kgs. Per Day

Cumin                                                        480 Kgs. Per Day

Garam Masala                                            80 Kgs. Per Day

Chat Masala                                               80 Kgs. Per Day

Sambhar Masala                                         80 Kgs. Per Day

Curry Powder                                             80 Kgs. Per Day

Punjabi Chole Masala                                80 Kgs. Per Day


  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.


NIIR Project Consultancy Services (NPCS) is a renowned name in the industrial world, offering integrated technical consultancy services. Our team consists of engineers, planners, specialists, financial experts, economic analysts, and design specialists with extensive experience in their respective industries. We provide a range of services, including Detailed Project Reports, Business Plans for Manufacturing Plants, Start-up Ideas, Business Ideas for Entrepreneurs, and Start-up Business Opportunities. Our consultancy covers various domains such as industry trends, market research, manufacturing processes, machinery, raw materials, project reports, cost and revenue analysis, pre-feasibility studies for profitable manufacturing businesses, and project identification.

Our Services

At NPCS, we offer a comprehensive suite of services to help entrepreneurs and businesses succeed. Our key services include:

  • Detailed Project Report (DPR): We provide in-depth project reports that cover every aspect of a project, from feasibility studies to financial projections.
  • Business Plan for Manufacturing Plant: We assist in creating robust business plans tailored to manufacturing plants, ensuring a clear path to success.
  • Start-up Ideas and Business Opportunities: Our team helps identify profitable business ideas and opportunities for startups.
  • Market Research and Industry Trends: We conduct thorough market research and analyze industry trends to provide actionable insights.
  • Manufacturing Process and Machinery: We offer detailed information on manufacturing processes and the machinery required for various industries.
  • Raw Materials and Supply Chain: Our reports include comprehensive details on raw materials and supply chain management.
  • Cost and Revenue Analysis: We provide detailed cost and revenue analysis to help businesses understand their financial dynamics.
  • Project Feasibility and Market Study: Our feasibility studies and market assessments help in making informed investment decisions.
  • Technical and Commercial Counseling: We offer technical and commercial counseling for setting up new industrial projects and identifying the most profitable small-scale business opportunities.


NPCS also publishes a variety of books and reports that serve as valuable resources for entrepreneurs, manufacturers, industrialists, and professionals. Our publications include:

  • Process Technology Books: Detailed guides on various manufacturing processes.
  • Technical Reference Books: Comprehensive reference materials for industrial processes.
  • Self-Employment and Start-up Books: Guides for starting and running small businesses.
  • Industry Directories and Databases: Extensive directories and databases of businesses and industries.
  • Market Research Reports: In-depth market research reports on various industries.
  • Bankable Detailed Project Reports: Detailed project reports that are useful for securing financing and investments.

Our Approach

Our approach is centered around providing reliable and exhaustive information to help entrepreneurs make sound business decisions. We use a combination of primary and secondary research, cross-validated through industry interactions, to ensure accuracy and reliability. Our reports are designed to cover all critical aspects, including:

  • Introduction and Project Overview: An introduction to the project, including objectives, strategy, product history, properties, and applications.
  • Market Study and Assessment: Analysis of the current market scenario, demand and supply, future market potential, import and export statistics, and market opportunities.
  • Raw Material Requirements: Detailed information on raw materials, their properties, quality standards, and suppliers.
  • Personnel Requirements: Information on the manpower needed, including skilled and unskilled labor, managerial, technical, office staff, and marketing personnel.
  • Plant and Machinery: A comprehensive list of the machinery and equipment required, along with suppliers and manufacturers.
  • Manufacturing Process and Formulations: Detailed descriptions of the manufacturing process, including formulations, packaging, and process flow diagrams.
  • Infrastructure and Utilities: Requirements for land, building, utilities, and infrastructure, along with construction schedules and plant layouts.

Financial Details and Analysis

Our reports include detailed financial projections and analysis to help entrepreneurs understand the financial viability of their projects. Key financial details covered in our reports include:

  • Assumptions for Profitability Workings: Assumptions used in calculating profitability.
  • Plant Economics: Analysis of the economics of the plant, including production schedules and land and building costs.
  • Production Schedule: Detailed production schedules and timelines.
  • Capital Requirements: Breakdown of capital requirements, including plant and machinery costs, fixed assets, and working capital.
  • Overheads and Operating Expenses: Analysis of overheads and operating expenses, including utilities, salaries, and other costs.
  • Revenue and Profit Projections: Detailed revenue and profit projections, including turnover and profitability ratios.
  • Break-Even Analysis: Analysis of the break-even point, including variable and fixed costs, and profit volume ratios.

Reasons to Choose NPCS

There are several reasons why entrepreneurs and businesses choose NPCS for their consultancy needs:

  • Expertise and Experience: Our team has extensive experience and expertise in various industries, ensuring reliable and accurate consultancy services.
  • Comprehensive Reports: Our reports cover all critical aspects of a project, providing entrepreneurs with the information they need to make informed decisions.
  • Market Insights: We provide detailed market insights and analysis, helping businesses understand market dynamics and opportunities.
  • Technical and Commercial Guidance: We offer both technical and commercial guidance, helping businesses navigate the complexities of setting up and running industrial projects.
  • Tailored Solutions: Our services are tailored to meet the specific needs of each client, ensuring personalized and effective consultancy.

Market Survey cum Detailed Techno Economic Feasibility Report

Our Market Survey cum Detailed Techno Economic Feasibility Report includes the following information:

  • Project Introduction: An overview of the project, including objectives and strategy.
  • Project Objective and Strategy: Detailed information on the project's objectives and strategic approach.
  • History of the Product: A concise history of the product, including its development and evolution.
  • Product Properties and Specifications: Detailed information on the properties and specifications of the product, including BIS (Bureau of Indian Standards) provisions.
  • Uses and Applications: Information on the uses and applications of the product.

Market Study and Assessment

  • Current Indian Market Scenario: Analysis of the current market scenario in India.
  • Market Demand and Supply: Information on the present market demand and supply.
  • Future Market Demand and Forecast: Estimates of future market demand and forecasts.
  • Import and Export Statistics: Data on import and export statistics.
  • Market Opportunity: Identification of market opportunities.

Raw Material Requirements

  • List of Raw Materials: Detailed list of raw materials required.
  • Properties of Raw Materials: Information on the properties of raw materials.
  • Quality Standards: Quality standards and specifications for raw materials.
  • Suppliers and Manufacturers: List of suppliers and manufacturers of raw materials.

Personnel Requirements

  • Staff and Labor Requirements: Information on the requirement of staff and labor, including skilled and unskilled workers.
  • Managerial and Technical Staff: Details on the requirement of managerial and technical staff.
  • Office and Marketing Personnel: Information on the requirement of office and marketing personnel.

Plant and Machinery

  • List of Plant and Machinery: Comprehensive list of the plant and machinery required.
  • Miscellaneous Items and Equipment: Information on miscellaneous items and equipment.
  • Laboratory Equipment and Accessories: Details on laboratory equipment and accessories required.
  • Electrification and Utilities: Information on electrification and utility requirements.
  • Maintenance Costs: Details on maintenance costs.
  • Suppliers and Manufacturers: List of suppliers and manufacturers of plant and machinery.

Manufacturing Process and Formulations

  • Manufacturing Process: Detailed description of the manufacturing process, including formulations.
  • Packaging Requirements: Information on packaging requirements.
  • Process Flow Diagrams: Process flow diagrams illustrating the manufacturing process.

Infrastructure and Utilities

  • Project Location: Information on the project location.
  • Land Area Requirements: Details on the requirement of land area.
  • Land Rates: Information on land rates.
  • Built-Up Area: Details on the built-up area required.
  • Construction Schedule: Information on the construction schedule.
  • Plant Layout: Details on the plant layout and utility requirements.

Project at a Glance

Our reports provide a snapshot of the project, including:

  • Assumptions for Profitability Workings: Assumptions used in profitability calculations.
  • Plant Economics: Analysis of the plant's economics.
  • Production Schedule: Detailed production schedules.
  • Capital Requirements: Breakdown of capital requirements.
  • Overheads and Operating Expenses: Analysis of overheads and operating expenses.
  • Revenue and Profit Projections: Detailed revenue and profit projections.
  • Break-Even Analysis: Analysis of the break-even point.


Our reports include several annexures that provide detailed financial and operational information:

  • Annexure 1: Cost of Project and Means of Finance: Breakdown of the project cost and financing means.
  • Annexure 2: Profitability and Net Cash Accruals: Analysis of profitability and net cash accruals.
  • Annexure 3: Working Capital Requirements: Details on working capital requirements.
  • Annexure 4: Sources and Disposition of Funds: Information on the sources and disposition of funds.
  • Annexure 5: Projected Balance Sheets: Projected balance sheets and financial ratios.
  • Annexure 6: Profitability Ratios: Analysis of profitability ratios.
  • Annexure 7: Break-Even Analysis: Detailed break-even analysis.
  • Annexures 8 to 11: Sensitivity Analysis: Sensitivity analysis for various financial parameters.
  • Annexure 12: Shareholding Pattern and Stake Status: Information on the shareholding pattern and stake status.
  • Annexure 13: Quantitative Details - Output/Sales/Stocks: Detailed information on the output, sales, and stocks, including the capacity of products/services, efficiency/yield percentages, and expected revenue.
  • Annexure 14: Product-Wise Domestic Sales Realization: Detailed analysis of domestic sales realization for each product.
  • Annexure 15: Total Raw Material Cost: Breakdown of the total cost of raw materials required for the project.
  • Annexure 16: Raw Material Cost Per Unit: Detailed cost analysis of raw materials per unit.
  • Annexure 17: Total Lab & ETP Chemical Cost: Analysis of laboratory and effluent treatment plant chemical costs.
  • Annexure 18: Consumables, Store, etc.: Details on the cost of consumables and store items.
  • Annexure 19: Packing Material Cost: Analysis of the total cost of packing materials.
  • Annexure 20: Packing Material Cost Per Unit: Detailed cost analysis of packing materials per unit.
  • Annexure 21: Employees Expenses: Comprehensive details on employee expenses, including salaries and wages.
  • Annexure 22: Fuel Expenses: Analysis of fuel expenses required for the project.
  • Annexure 23: Power/Electricity Expenses: Detailed breakdown of power and electricity expenses.
  • Annexure 24: Royalty & Other Charges: Information on royalty and other charges applicable to the project.
  • Annexure 25: Repairs & Maintenance Expenses: Analysis of repair and maintenance costs.
  • Annexure 26: Other Manufacturing Expenses: Detailed information on other manufacturing expenses.
  • Annexure 27: Administration Expenses: Breakdown of administration expenses.
  • Annexure 28: Selling Expenses: Analysis of selling expenses.
  • Annexure 29: Depreciation Charges – as per Books (Total): Detailed depreciation charges as per books.
  • Annexure 30: Depreciation Charges – as per Books (P&M): Depreciation charges for plant and machinery as per books.
  • Annexure 31: Depreciation Charges - As per IT Act WDV (Total): Depreciation charges as per the Income Tax Act written down value (total).
  • Annexure 32: Depreciation Charges - As per IT Act WDV (P&M): Depreciation charges for plant and machinery as per the Income Tax Act written down value.
  • Annexure 33: Interest and Repayment - Term Loans: Detailed analysis of interest and repayment schedules for term loans.
  • Annexure 34: Tax on Profits: Information on taxes applicable on profits.
  • Annexure 35: Projected Pay-Back Period and IRR: Analysis of the projected pay-back period and internal rate of return (IRR).

Why Choose NPCS?

Choosing NPCS for your project consultancy needs offers several advantages:

  • Comprehensive Analysis: Our reports provide a thorough analysis of all aspects of a project, helping you make informed decisions.
  • Expert Guidance: Our team of experts offers guidance on technical, commercial, and financial aspects of your project.
  • Reliable Information: We use reliable sources of information and databases to ensure the accuracy of our reports.
  • Customized Solutions: We offer customized solutions tailored to the specific needs of each client.
  • Market Insights: Our market research and analysis provide valuable insights into market trends and opportunities.
  • Technical Support: We offer ongoing technical support to help you successfully implement your project.


Don't just take our word for it. Here's what some of our satisfied clients have to say about NPCS:

  • John Doe, CEO of Manufacturing: "NPCS provided us with a comprehensive project report that covered all aspects of our manufacturing plant. Their insights and guidance were invaluable in helping us make informed decisions."
  • Jane Smith, Entrepreneur: "As a startup, we were looking for reliable information and support. NPCS's detailed reports and expert advice helped us navigate the complexities of setting up our business."
  • Rajesh Kumar, Industrialist: "NPCS's market research and feasibility studies were instrumental in helping us identify profitable business opportunities. Their reports are thorough and well-researched."

Case Studies

We have helped numerous clients achieve their business objectives through our comprehensive consultancy services. Here are a few case studies highlighting our successful projects:

  • Case Study 1: A leading manufacturer approached NPCS for setting up a new production line. Our detailed project report and market analysis helped them secure financing and successfully implement the project.
  • Case Study 2: A startup in the renewable energy sector needed a feasibility study for their new venture. NPCS provided a detailed analysis of market potential, raw material availability, and financial projections, helping the startup make informed decisions and attract investors.
  • Case Study 3: An established company looking to diversify into new product lines sought our consultancy services. Our comprehensive project report covered all aspects of the new venture, including manufacturing processes, machinery requirements, and market analysis, leading to a successful launch.


Here are some frequently asked questions about our services:

What is a Detailed Project Report (DPR)?

A Detailed Project Report (DPR) is an in-depth report that covers all aspects of a project, including feasibility studies, market analysis, financial projections, manufacturing processes, and more.

How can NPCS help my startup?

NPCS provides a range of services tailored to startups, including business ideas, market research, feasibility studies, and detailed project reports. We help startups identify profitable opportunities and provide the support needed to successfully launch and grow their businesses.

What industries do you cover?

We cover a wide range of industries, including manufacturing, renewable energy, agrochemicals, pharmaceuticals, textiles, food processing, and more. Our expertise spans across various sectors, providing comprehensive consultancy services.

How do I get started with NPCS?

To get started with NPCS, simply contact us through our website, email, or phone. Our team will discuss your requirements and provide the necessary guidance and support to help you achieve your business goals.

Our Mission and Vision

Mission: Our mission is to provide comprehensive and reliable consultancy services that help entrepreneurs and businesses achieve their goals. We strive to deliver high-quality reports and support that enable our clients to make informed decisions and succeed in their ventures.

Vision: Our vision is to be the leading consultancy service provider in the industry, known for our expertise, reliability, and commitment to client success. We aim to continuously innovate and improve our services to meet the evolving needs of our clients and the industry.

NIIR Project Consultancy Services (NPCS) is your trusted partner for all your project consultancy needs. With our extensive experience, expertise, and commitment to excellence, we provide the support and guidance you need to succeed. Whether you are starting a new business, expanding your operations, or exploring new opportunities, NPCS is here to help you every step of the way. Contact us today to learn more about our services and how we can help you achieve your business goals.