Curated By: Business Desk
Last Updated: September 19, 2023, 17:15 IST
For anyone who has no entrepreneurial experience beforehand but wants to take the plunge, it can be quite a daunting task. The most commonly believed notions regarding starting up any business include that one should have exceptional entrepreneurial skills and a lot of money. While it is true that you do need a good capital investment to set up a business of any scale, it is not necessary that you need to spend a fortune. There are some ventures that require just very basic skills and not a very large sum of money for investment and still boast of a high ROI (Return on Investment). Today, we will guide you through starting up a business which can give you lakhs in revenue even after spending just a few thousand rupees.
The Safeda tree, scientifically known as the Eucalyptus globulus, is often found by the roadside and most of us do not give much of a second thought to them. But what if we say that we can reverse the proverb Money does not grow on trees and actually make the Eucalyptus tree an earning opportunity for you?
The Safeda wood is used for making boxes, fuel, boards, furniture and particle board and about 400 kg of wood is obtained from one tree. This makes the cultivation of the Safeda tree a lucrative business idea. A Moneycontrol report says that about 3,000 saplings can be planted on one hectare of land and each sapling costs about Rs 7 or 8.
Eucalyptus saplings are sold in the market for Rs 6-7 per kg. Thus about 3,000 trees can easily fetch you Rs 70-80 lakh. These trees have an affinity to grow upwards without spreading their roots much and hence many saplings can be adjusted on limited land.
The Safeda tree, which is originally native to Australia, thrives in the Indian climate as well. It does not require a lot of tending to and achieve maximum growth in a period of 5 years.