New Delhi. The market for natural products and medicines is so big that the natural products used in it are always in demand, so why not try your hand in the business of medicinal plant farming. The cost is low in this and earning is also assured for a long time. Neither a large farm nor investment is needed for the cultivation of medicinal plants. There is no need to sow your field for this farming. You can also take it on contract.
Nowadays many companies are cultivating medicinal plants on contract. To start their cultivation you need to spend only a few thousand rupees, but the earnings are in lakhs.
You can cultivate these things
Most herbal plants like Tulsi, Artemisia annua, Mulethi, Aloe vera etc. are ready in a very short time. Some of these plants can be grown in small pots as well. You need to spend only a few thousand rupees to start their cultivation, but the earnings are in lakhs. These days there are many such pharmaceutical companies in the country that even contract to buy the crop, which ensures earnings.
Earning 3 lakhs in 3 months
Generally, Tulsi is associated with religious matters, but farming of Tulsi which has medicinal properties can be used to earn money. There are many types of Tulsi which contain eugenol and methyl cinnamate. Medicines for serious diseases like cancer are made using these. It costs only 15 thousand rupees to grow Tulsi on 1 hectare, but after 3 months, this crop is sold for about 3 lakh rupees.
Companies like Patanjali, Dabur, Baidyanath etc. which make Ayurvedic medicines are doing contract farming of Tulsi. They buy the crop through their own means. There is a big market for Tulsi seeds and oil. Oil and Tulsi seeds are sold at a new rate every day.
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Training is essential
For cultivation of medicinal plants, it is important that you have good training so that you do not get cheated in future. Lucknow based Central Institute of Medicinal and Aromatic Plants (CIMAP) provides training for cultivation of these plants. Pharmaceutical companies also sign contracts with you through CIMAP, so you will not have to go here and there.
Tags: Business opportunities, New Business Idea
FIRST PUBLISHED : May 19, 2021, 07:13 IST