Itc Agarbatti Buy Back Agreement in Bangalore
If you`re looking to invest in a profitable business venture in Bangalore, the ITC Agarbatti Buy Back Agreement may be just what you need. This agreement is a program that allows you to sell agarbatti or incense sticks to ITC Limited, a leading manufacturer of consumer goods in India.
The ITC Agarbatti Buy Back Agreement is a simple business model where you purchase raw materials and produce agarbatti. ITC Limited then buys the agarbatti at a fixed price, and it`s a win-win for both parties. The benefit of this agreement is that ITC Limited`s market reach is vast, and the demand for agarbatti is always high due to the religious and cultural practices of the people in India.
The agreement is an excellent opportunity for you to invest in a business that has a significantly lower risk than other startups. With a reliable buyer in ITC Limited, you can be sure that your agarbatti will be sold, allowing you to focus on production and quality control.
The process of becoming a part of the ITC Agarbatti Buy Back Agreement is simple. First, you need to register with the Karnataka Khadi and Village Industries Board (KVIB) and obtain recognition as an agarbatti manufacturer. Once you have the required registration, you will have to attend the training sessions conducted by ITC Limited to align your production processes with their quality standards.
After completing the necessary training, you can start producing agarbatti and sell it to ITC Limited. They will buy the agarbatti at an agreed price, which is usually standardized across the state. The payment process is quick and hassle-free, making the agreement an attractive business venture in the agarbatti industry.
In conclusion, the ITC Agarbatti Buy Back Agreement is a profitable business model that offers you a steady income with minimal risk. With the high demand for agarbatti in India, you`re guaranteed to sell your products to a vast market. If you`re looking for a profitable and low-risk investment in Bangalore, the ITC Agarbatti Buy Back Agreement is worth considering.
