Heat a pan over medium heat and add ghee. Once melted, add the dry fruits and saute for about 2 minutes until lightly golden. Remove and set aside.
In the same pan, add the vermicelli and fry while stirring continuously for about 4 minutes, until golden brown. Remove and keep aside.
Once the vermicelli is well fried, remove it from the pan. In the same pan, add water, 1 cup of sugar, and 2 pinches of food color, then bring the mixture to a boil.
Once boiling, add the fried vermicelli and cook for 2 minutes. Turn off the heat and set aside.
In a heavy-bottom pot, add milk. Add washed and crushed rice, then add custard powder. Mix continuously to avoid lumps.
Cook on medium heat for about 30 minutes, stirring often, until the milk reduces by about half. Cover and cook for another 10 minutes, stirring occasionally.
Remove the lid and cook on high heat for 5 more minutes while stirring continuously. Turn off the heat once the custard thickens well.
In a serving container, spread an even layer of cooked vermicelli, followed by a layer of custard. Repeat the layers.
Garnish with sauteed dry fruits. Refrigerate for at least 4 hours until fully set. Serve chilled.