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Profitable Small Scale Manufacturing Business Idea

Most Profitable Manufacturing Business In India

Evidently, the manufacturing sector provides employment to around 12% of the Indian workforce. The sector contributes to its GDP is about 16% to 17%. The target is to increase the manufacturing sector contribution to 25% in the Indian economy. Many government initiatives are taken across India to promote manufacturing business ideas in many different sectors. Because of this, the scope of the manufacturing business in India is extending day by day.

As per the recent report, the Indian furniture marketplace is expected to explode at a CAGR of 12.91% during 2020-2024. So, the idea for a furniture manufacturing business will be a profitable business idea in India in the near coming future. Hence to start a furniture manufacturing business, you will require a well-registered space for the workshop with an expert set of workforce and an investment of approximately 2,50,000 INR and above.

2. Garments or Clothes Manufacturing Business in India

India is also famous for its rich cotton and silk fabrics. Imagine you live in an Indian state known for its quality cotton or silk production or has an outstanding source to purchase quality raw resources needed for garments manufacturing. In that case, the clothes manufacturing business will be the best option for a profitable small scale business. You can start this business as a small-scale from your home, and later you can move to a bigger space with advanced machinery and a knowledgeable and skilled workforce. Hence to open a garment manufacturing business, you will require a best place to the raw material sources and import or export. You can start a clothing manufacturing business idea on a small scale. It requires a limited investment of approximately 6000 INR.

Demand in food delivery and takeaways has observed remarkable growth in recent years and same about disposable cutleries as well. These food industries are looking forward to opting for high-quality yet economical disposable cutleries for increasing their food delivery quality. So, investing and planning out in the disposable cutleries manufacturing business will be profitable for small scale businesses in India. To start a disposable cutlery manufacturing business, you will require a room or place to set up the manufacturing plant with a proper airing system and power backup, a workforce to manage the production, import or export and sales cycle of the business. You will need an investment of approximately 1,50,000 INR.

Bakery is one of the most important industries in the food sector. India is known for its realistic festivals and celebrations and the demand and supply of bakery items are undisputable. If you are expert with baking skills or have a knowledge set of bakers, you can plan to open a bakery items manufacturing business in India. You can start the bakery items manufacturing business as a small home business. Initially with an investment of approximately 12,000 INR. As your bakery items manufacturing business’s demands increase, you can go with a full-scale bakery business idea.

Small Scale Manufacturing Business Idea

5. Precious Jewellery Manufacturing Business in India

Jewellery is also one of the most profitable businesses in India, like garments and furniture. People are now more interested in handmade fashion or precious jewellery pieces with customized designs. If you have a creativity for jewellery designing, you can start the jewellery designing and manufacturing business. And sell them with a planned marketing approach for maximum benefits and more noteworthy profits. To start this business you will require a quality raw material supplier for fashion jewellery pieces. You can start as a small manufacturing business idea with a low investment of approximately 6000 INR.

6. Candle Manufacturing Business in India

Demands for unique candles are increasing by hurdle and bounce in the Indian market. Nowadays, people like other forms of candles such as aromatic candles, textured candles, aesthetic candles, customized candles, and many more for different occasions and festivals. Follow a systematic approach for research and comprehensive market survey, with no lapse. However, you can start the candle manufacturing business as a small-scale business idea from your own home. However, you are required to have loyal raw material suppliers to manufacture candles and an attractive product line for your candle manufacturing business. You can start this business with an initial investment of approximately 11,000 INR. 

 

For more information regarding this topic, P.L Global Impex Pte Ltd is here to help you out.

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