Business

Nagpur Couple Replicates Kashmir’s Climate to Grow Saffron, Earns Rs 50 Lakh Annually

Grow saffron in Nagpur: In an extraordinary feat of innovation and determination, a Nagpur-based couple has successfully cultivated saffron, the world’s most expensive spice, using an aeroponic technique that requires neither soil nor water. In a city known for its scorching temperatures, Akshay Holey and Divya Lohakare Holey have recreated the cool climate of Kashmir within their 400-square-foot apartment, yielding an impressive annual revenue of Rs 50 lakh.

Pioneering Aeroponic Saffron Farming in Nagpur

Saffron farming has traditionally been confined to the cold terrains of Kashmir, Iran, and Spain, where specific climatic conditions allow the delicate Crocus sativus flowers to flourish. However, Akshay, a BBA graduate, and his wife Divya, a banking professional, decided to challenge convention. They spent over three-and-a-half months in Kashmir over two years, mastering the nuances of traditional saffron farming before setting up their own high-tech aeroponic system.

How the Journey Began

Their journey started in 2020 when they launched a small 80-square-foot vertical farming unit on their terrace in Lok Sewa Nagar, Nagpur. Their initial investment was 100 saffron corms (around 1 kg), which yielded only a few grams of saffron. Undeterred by the modest outcome, they expanded their investment, purchasing 350 kg of saffron corms and setting up a larger 400-square-foot unit in Hingna.

Scaling Up for Massive Success | Grow saffron in Nagpur

Through meticulous research and refinement of their aeroponic method, the couple scaled their production exponentially. By 2023, their total cultivation area expanded to 480 square meters across multiple locations. The results were astounding—

  • Their annual saffron production reached 1,600 grams.
  • They established partnerships with 29 other farmers, who successfully set up their own units across Maharashtra.
  • They trained over 150 individuals in aeroponic saffron cultivation, charging Rs 15,000 per participant.
  • Their total production, including partner farms, hit 45 kg last year.

High-Profit Margins with Minimal Costs

One of the most significant advantages of aeroponic saffron farming is its cost-efficiency. Unlike traditional farming, which requires vast land, water, and fertilizers, their system operates with minimal overhead:

  • One-time investment of Rs 10 lakh for a 100-square-foot unit
  • Annual yield valued at Rs 5 lakh per 100-square-foot unit
  • No recurring expenses on water, soil, or fertilizers
  • Solar power eliminates electricity costs
  • Self-sufficient farming model with no need for hired labor

With these advantages, the couple maintains an 80% profit margin, making saffron cultivation an incredibly lucrative venture.

The Science Behind Aeroponic Saffron Farming

Aeroponics is a soilless cultivation method where plants grow in an air or mist environment without soil. The system involves:

  1. Suspending saffron corms in a controlled chamber.
  2. Providing essential nutrients via nutrient-rich mist.
  3. Maintaining temperature and humidity similar to Kashmir.
  4. Using LED lighting to regulate growth cycles.

This precision farming technique ensures higher yields, minimal waste, and year-round production, making saffron cultivation possible even in extreme climates like Nagpur.

Quality and Market Value of Their Saffron | Grow saffron in Nagpur

The saffron produced by Akshay and Divya is graded by the Saffron Institute of Kashmir, ensuring premium quality. Their saffron sells for Rs 630 per gram, a competitive rate in the high-value saffron market.

Additionally, since saffron is harvested only once a year (August-December), their strategic approach includes cultivating seeds throughout the year to maintain a steady production cycle.

Sustainable and Future-Proof Farming

Apart from financial success, their saffron farming model promotes sustainable agricultural practices:

  • Zero water wastage, as aeroponics uses 95% less water than traditional methods.
  • No synthetic fertilizers or pesticides, resulting in pure organic saffron.
  • Machinery designed to last 20-25 years, ensuring long-term sustainability.
  • Empowering other farmers and entrepreneurs through training and mentorship.

Investment vs. Returns – Why Aeroponic Saffron Farming is Lucrative

The financials of aeroponic saffron farming make it an attractive investment:

Investment Yield Annual Revenue ROI Period
Rs 10 lakh 1 kg saffron Rs 5 lakh 2 years
Rs 55 lakh 8 kg saffron Rs 40-50 lakh 1.5 years

Since 2020, Akshay and Divya have invested Rs 55 lakh and have already earned Rs 1.3 crore, with the majority of profits generated in the last two years. The high demand for saffron, coupled with their low-cost, high-yield model, makes this an ideal agricultural business.

Encouraging a New Wave of Urban Farmers

The success of this Nagpur-based saffron farming venture is paving the way for other aspiring farmers and entrepreneurs. The couple offers a full-fledged training program, equipping new growers with the knowledge and tools to start their own aeroponic saffron farms.

By combining traditional knowledge with modern technology, Akshay and Divya have achieved what many thought impossible—growing saffron in a city where summer temperatures exceed 45°C. Their inspiring journey demonstrates that innovation in agriculture can break geographical barriers and open doors to lucrative, sustainable businesses.

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