A rapidly growing agri-industrial sector, Floriculture has an annual market share of Rs 15,000 crore in India with a yearly growth of 25%. Given the favourable climatic conditions, J&K has enormous potential for commercial floriculture. A detailed account of the present scenario of the sector and its prospectus of becoming a sunrise industry in Kashmir.
Floriculture is a rapidly growing agri-industrial sector around the world, particularly as a potential money-maker for many countries. Many flowers and ornamental plants are planted for both domestic and international markets. They generate more returns per hectare area than any other agricultural commodity. The extraction of essential oils and the production of cost-effective products like Gulkand are both extremely beneficial. On a commercial scale, more than 145 industries are currently involved in flower cultivation. The establishment of the flower industry and perfume companies can contribute significantly to the reduction of unemployment. In 2014-15, the floriculture industry cultivated 248.51 thousand hectares of land. In 2016-17, the country exported 22086.10 MT of floriculture products to the world, valued at Rs 548.74 crores (US$82.05 million). Floriculture has become one of the most important commercial businesses in Indian agriculture due to considerable growth in demand for low-cost and loose flowers. India is ranked 18th in the world, with a 0.6 percent share of the global floriculture trade. Exports grew at a CAGR of 4.33 percent over the last decade. In the country as a whole, the domestic Indian market is growing at a 25% rate each year.
Landscaping is a billion-dollar-a-year industry in many states, and it ultimately adds to the monetary worth of any property. The health of a nation’s population is tied to its riches. We can safeguard the healthy development of our residents by offering open breathing spaces through bio-aesthetic planning and landscape gardening, as seen in Chandigarh. Horticulture therapy is a new level of horticulture science that uses garden, landscape plants, components of plants, and growing activity as tools to heal psychic debility. Bio aesthetic horticulture is emerging as a new occupational therapeutic tool to restore the lost rhythm and harmony to the human self or inner environment because the bio-force of plants offers a lasting solution to the problems of human bio-force. It’s used in psychiatric hospitals, general hospitals, physical rehabilitation centres, jails, schools, and senior living facilities.
Development of floriculture in India
The Indian government has designated floriculture as a sunrise sector with a 100% export-oriented status. Floriculture has become one of the most important commercial trades in agriculture as a result of the continual increase in demand. Floriculture is seen as a high-growth business in India. The liberalisation of industrial and trade policies set the door for the expansion of cut flower exports. Importing planting material of international standard was previously possible under the new seed policy. Commercial floriculture has been discovered to have a larger potential per unit area than other field crops, making it a profitable industry. The liberalised economy has encouraged Indian businesses to set up export-oriented floriculture operations in climate-controlled environments. In 2016-17, the Indian floriculture sector was worth Rs 9000 crore. In 2018, the Indian floriculture market was valued at Rs15700 crore. The market is expected to reach Rs 47200 crore by 2024, with a 20 percent CAGR between 2019 and 2024.
Rose, Jasmine, Orchid, Glardlya, Carnations, and Marigolds are popular commercial flowers with a total cropped area of 71 lakh acres in 2016-17. Since the last five years, it has grown at a CAGR of 25%. In 2016-17, total production was 22.36 lakh MT, with loose flowers accounting for over 69 percent of total production. India’s main export markets are the United States, Germany, the United Kingdom, the Netherlands, and the Arab Emirates.
The demand for flowers is expanding at a quick rate as the level of living rises and people’s lifestyles change as a result of socio-economic changes in India. Encouraged by the rapid increase in domestic demand, a substantial number of export-oriented floriculture projects are looking to the domestic market to sell their produce during lean export seasons. In various big cities and industrial townships, there is a rapidly growing demand for different varieties of flowers for institutional buyers such as star hotels, big organisations and corporate houses, churches, temples, mosques, travel agencies, hospitals, embassies and trade missions, foreign organisations and organisations in the hospitality industry, and so on. A burgeoning flower market at the local, national, and international levels, where demand exceeds supply and global demand is expected to expand at a rate of 15 percent to 25 percent per year. Because industrialised countries rely heavily on imports to meet domestic demand, their high manufacturing costs present an opportunity.
The majority of major flower-producing countries are now industrialised and have a tiny surface area. As a result, the cost of acquiring land is quite high, making it unappealing to establish floriculture units in these nations. As a result, India has a huge opportunity to capitalise on the floriculture industry.
Floriculture Startup opportunities in Kashmir
In the current context, the floriculture business has emerged as one of the most popular startup ideas. The economy has suffered a severe dip as a result of the COVID-19 outbreak, and many employees have lost their employment. Still, a large number of unemployed teenagers are looking for any unique company concept that will provide them with a source of income. This type of business has huge potential to survive and grow and prove mettle in the competitive environment.
Floriculture is a fantastic opportunity for anyone who loves gardening and wants to put their heart and soul into it. It is possible to get profitable financial results by operating a flower farming business or startup. Technical knowledge is not required for people interested in starting a floriculture business. Having the basic knowledge about floriculture and other simple concepts concerning running a business would be enough to commence this business anywhere in India.
Floriculture has been nurtured as a money-making Agri-business inside India’s geographical limitations.
- Annual, biennial & perennial ornamentals, such as cacti as well as other succulents
- Lawn and ornamental grasses
- Bulbous plants
- Pot and house plants
- Cut and loose flowers seed
- Bulb production of ornamentals
- Dried flowers or plant parts
- Other value-added products such as edible pigments, extraction of essential oils & their marketing, as well.
Steps for Floriculture Startup
Developing your Startup Business Plan
- Before initiating any business, you must fabricate a sound business plan.
- You must acquire cooling equipment such as a freezer to keep your flowers fresh and beautiful and increase their shelf life as the life span of flowers is otherwise small.
- You must also examine the manpower requirement that you might demand to design the floral arrangement and for the delivery purpose as well.
- Either you want to proceed ahead for a franchise or source to commence your business like flower companies or florists.
- There is no need for proper mentoring before initiating the floriculture business, as this is all about basic knowledge, and no bookish concepts can help you develop your potential to run this business.
- Create a well-structured plan before stepping ahead for starting a floriculture business in India. You may open your shop in your locality.
- If you are planning to transform your dream into reality, you would have to pen down your thoughts on paper and do proper planning before going ahead.
- Prepare the idea concerning the capital requirement for the floriculture business.
- Check out the crucial factors, such as the floral delivery platform to give the finishing touch to your business plan.
- You may also evaluate the staff requirements that you would have to prepare and leap forward to the floral arrangement plans and deliveries.
Government Programmes and Schemes
The Department of Agriculture and Cooperation, which is part of the Ministry of Agriculture, is the nodal institution in charge of floriculture development. It is in charge of developing and implementing national policies and programmes targeted at attaining rapid agricultural expansion by maximising the country’s land, water, soil, and plant resources. A thrust area for support is the production of cut flowers for export. The Agricultural and Processed Food Products Export Development Authority (APEDA), the nodal institution for promoting agri-exports, including flowers, has launched several programmes aimed at boosting the country’s floriculture exports. These include infrastructural development, packaging, market growth, airfreight subsidies for the export of cut flowers and tissue-cultured plants, database upgrades, and so on.100% Export Oriented Units are also eligible for incentives such as duty-free capital goods imports. Import duties on cut flowers, flower seeds, tissue-cultured plants, and other items have also been decreased. The installation of walk-in cold storage for export production has been permitted at international airports. At many international airports, initiatives have been initiated to aid exporters by offering cold storage and cargo handling facilities for perishable products. In cold storage units, a direct subsidy of up to 50% is also available. APEDA also provides a subsidy on improved packaging materials to encourage their use.
NABARD is offering financial support to hi-tech units at reasonable interest rates to encourage entrepreneurship in the floriculture sector. The government has launched several schemes to promote and develop the floriculture sector, including “Integrated Development of Commercial Floriculture,” which aims to improve traditional flower and cut flower production and productivity through the availability of quality planting material, as well as the production of the off-season and high-quality flowers through protected cultivation., improvement in post-harvest handling of flowers and training persons for scientific floriculture. Many state governments have established distinct ministries to promote floriculture in their jurisdictions.
The floriculture business is a great option for those who get fascinated and lured by the mesmerising beauty of flowers. It’s a business that holds immense potential in the current scenario. It provides an opportunity for the youth to take up floriculture as a startup and begin their journey of profitable business in Jammu and Kashmir. By gearing for this innovative business. By spreading joy and fragrance in people’s lives.
An agri-business expert, Naveed Bhat is the business development analyst at Innovation & Entrepreneurship Cell, SKUAST-Kashmir