Incense Stick Industry

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    16-Nov-2014

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<p>INCENSE INDUSTRY : AGARBATTIS Current Scenario and OpportunitiesKAVYASHREE NEHA UPADHYAY SHARAD SHARMA SAHIL SUDARSHAN JAIN</p> <p>Industry The size of the incense stick industry in India about Rs 1000 crores a year growing at 7% p.a Exports- Rs 300 crores .Source: http://www.itcportal.com/newsroom/press_sept30_04.htm</p> <p>Current industry consumer spend estimated at over Rs. 900 crores p.a. Use of Incense : India Worship , Overseas Ambience creation/Aromatherapy Fragmented supply base arising from small scale industry; highly disorganized sector</p> <p>The Indian incense industry, supplies up to 60% of the world incense market.</p> <p> Assam, Tripura and Eastern India presently supply incense sticks to the rest of the country. Chhattisgarh and Madhya Pradesh also have</p> <p>Companies/ Key playersITC s MANGALDEEP Superior fragrance experience based on research. Fragrances approved by IFRA , Geneva. Consistently superior product experience Systematic quality management approach ISO 9001:2000 Certified Vendors. IFAT-certification. Attractive &amp; functional packaging Special fragrance locked packaging Mangaldeep : the only National brand in the country</p> <p> ASHAAssistance in Social Habilitation</p> <p>Sudarshan Dhoop was founded by Mr. K. N. Kesri way back in the year 1952 The companys Managing Director Mr. Manoj Kesri and Joint Director Ms. Jyoti Kesri are responsible for marketing and export business. 300 fragrances. Products - Incense sticks, coils, cones, natural agarbatti &amp; garden sticks &amp; magical charcoal tablets. clubbed with a wide range of metal, glass and ceramic handcrafted accessories that include ash catchers, stick holders and lamp rings Production - 3 million sticks per day A special R &amp; D department Designing, printing and packaging - All under one roof Annual Turnover- Rs 5 Crores, 50 employees</p> <p>N Ranga Rao &amp; Sons Cycle Agarbatti is one of the worlds largest manufacturer of devotional incense sticks. Many people in India are illiterate, they recognize the brand via the bicycle picture Mysore based company. Only incense stick company whose advertisement campaigns feature in www.adsoftheworld.com website Mr Arjun Ranga, CEO and Managing Partner of the Rs 160crore NR Group Five-decade-old ISO-9001-2000 Certified Enterprise. Cycle brands currently have a 30</p> <p>Mahendra Perfumery Works Year of Establishment - 1961Export Markets - South East &amp; Middle East Export Percentage - 20% Production Type - Manual Memberships - Export Promotion Council For Handicrafts (EPCH) , Federation of Indian Chambers of Commerce &amp; Industry (FICCI) Product Range Arali Flower Incense Sticks (Agarbatti) Mogra Incense Sticks (Agarbatti) Rose Incense Sticks (Agarbatti) Bouquet Incense Sticks (Agarbatti) Sandal Incense Sticks (Agarbatti) Champa Agarbatti (Incense Sticks) Chinar Incense Sticks (Agarbatti), etc.</p> <p>Hari Darshan Sevashram Pvt. Ltd Incorporation :1980x Export Markets :US, Europe, Gulf and Middle East Asia, China, Singapore Largest manufacturing infrastructure and installed capacities In House full time Research and Development and dedicated technical team. Only Incense manufacturer in India to have manufacturing units in North, Central and South India to capitalize on regional natural resources and competencies. In house fragrance development capability. In house packaging development and design capability. No. of professional staff : 160</p> <p>Hurdles to Growth Disorganized Sector Inefficient Capital No Big Players Low Profitability No automation Successful companies mainly target exports Improper Distribution Lack of government support Less Promotion as compared to</p> <p>Strategies for a better Tomorrow 1. ITC s ASHA(Assistance in Social Habilitation through Agarbatti): Start up support provided by ITC Training to workers Stipend during training period Use of IT infrastructure to monitor the progress. Over 1500 women trained in rolling of incense sticks Initiatives by NGOs- SEWA, AOL, n-logue etc 6.Financial assistance banks 7.Building quality in the supply Chain. 8.Export houses 9.Govt Assistance</p> <p> State Sponsored Melas / Promotions/ emporium . E.g.- Ganesh Chaturthi- Cycle Brand Emporium- Kaveri Emporium known for Sandalwood incenses Understanding Consumer needs. Patent new fragrances for capturing global market R&amp;D Establishing product specifications. Partnership with NGOs/SHGs Brand Building</p> <p>The Incense TriangleSHGs Self Help GroupsEssentially Groups of the Poor A community organizing mechanism Helping communities understand why they are poor and the debt trap The issues among the poor are common and can also be solved commonly Credit is necessary Livelihood generation is the next step</p> <p>SHGs</p> <p>Employment generation Fair practices Womens empowerment</p> <p>Corpora te</p> <p>SSIsDomain knowledge Entrepreneurship Quality Fair practices11</p> <p>Consumer Needs. Brand building Distribution</p> <p>People Contacted /Assistance taken Mr. Chetan GowdaAsst . Sales Manager Darshan International, Bangalore Phone : 91-802675315/ 26759461</p> <p> Mr. PawanDirector, N Ranga Rao &amp; Sons, Address : NO. 1553, VANIVILAS ROAD, M G ROAD, MYSORE - 570004, KARNATAKA, INDIA Phone : 91-821-2521227/2361485 Mobile : +919980144197 Fax : 91-821-2361485</p> <p>Queries ???</p>