Starting a business requires extreme determination and confidence, but you need to be very clear about your business idea before venturing into the entrepreneurial field.
To ease this problem, we created a list of top profitable manufacturing business ideas that you can start with little investment.
Handmade candlesCandles are always in demand, so this is a very popular business option. The traditional demand for candles comes from religious and decoration purposes. During festivals, the demand is high. Apart from this, the demand for scented and therapeutic candles is also increasing these days with many restaurants, homes, and hotels so that they can create a special atmosphere with these candles.
The candle making business can be started from home with a low investment of around Rs 20,000-30,000. The raw materials used to start the business include wax, wick, mold, thread, fragrance oil etc.
Apart from the major raw materials, you also need some candle making equipment. It consists of a melting pot, thermometer, wax collecting vessel, weighting scale, hammer and an oven (for wax melting).
PicklesPickle is a traditional food item in India and is extremely popular. You will definitely get at least one type of pickle in every Indian home. Thus, if you want to start a small startup, Pickle Business is a safe and easy option. Apart from the Indian market, Indian pickles are in great demand abroad.
You can start this business at your home with a small capital of around Rs 20,000 -25,000.
Incense sticksIndia's incense sticks market is growing due to large demand at home and abroad. Incense sticks are mostly used in Indian homes and their popularity and demand increases during the festive season. Exports have also increased due to the increasing popularity of mediation in other countries and the associated use of incense sticks.
For manufacture of small scale incense sticks, bamboo sticks and essential oils with sandalwood, jasmine, rose, champa etc. are to be purchased from the market. The bamboo sticks are coated with oil, and are dry. Automatic and semi-automatic incense sticks making machines costing up to Rs 50,000 can be used for bulk production. Once the sticks are packed and labeled, they are ready to be sold in local markets.
ButtonsButtons are one of the most essential trimmings used in the garment industry and there are huge possibilities in the market. From plastic to clothes and steel buttons, there are many categories in this space, which you can choose as per your choice. If you wish, you can start it with a basic investment of around Rs 30,000-40,000 by renting it or from your home.
Designer LaceLace is commonly used in clothing and craftworks. It is a traditional form of business and can be easily started at home. With the emerging fashion trends, the demand for different types of lace has increased. Lace is also exported to various countries, so it is a good option for those who want to start small. Lace can be designed manually. However, it is up to you whether you want to increase the scale of your operation. If this is the case, lace can also be designed through Bobby machines or fully computerized machines. You can start this business with a low investment of around Rs 25,000-50,000.
ShoelacesIndia is the second-largest manufacturer of footwear after China. Country-made shoes can be segregated into categories such as sports, formal, casual and others. The shoes are in high demand, and the manufacture of these has become an attractive small business idea. The shoelace is made by weaving the band and the aglet (the metal tip of the ribbon). Ordinary, woven bands are usually made of cotton, polyester, nylon, polypropylene, etc., and aglets are made of plastic.
In addition to the materials for lace and aglets, shoelace braiding machines are also required. They can weave several meters of lace per minute, after which acetone can be used to knead the woven band. Depending on the kind of machinery you want to deploy, you can start this business with a small investment of around Rs 25,000.
Ice-Cream ConesEveryone loves ice cream. Today ice cream is one of the most popular desserts. The demand for ice cream cones has also increased due to the increasing consumption of ice cream. So, if you want to start something small, this idea can be a good profitable business. You can start an ice cream cone manufacturing unit in a small space by investing around 1 lakh to 1.5 lakh rupees. However, if you want to work on a large scale with high-capacity machinery, the investment cost becomes slightly higher.
Handmade ChocolatesWhen it comes to chocolate consumption, India tops the chart. Whether sweet or sour, chocolate is always a mood lifter and stress buster. According to Mintel, chocolate confectionery sales in retail markets in India rose 13 percent between 2015 and 2016. Therefore, if you want to start your business and do not have an idea, then making chocolate can be an exciting opportunity. You need to develop a product line to start it. An estimated capital of 40,000 to 50,000 rupees will be required to purchase raw materials and packaging. However, if you want to deploy machinery for mass production, the cost can increase from Rs 2 lakh to Rs 3 lakh. Mixing, cooking and cooling equipment will make your volume production easier. Choosing the right equipment is necessary to fit the scale of your operation.
Cotton BudsThe market of cotton buds has grown rapidly in India. This market is being driven by per capita expenditure of consumers, increasing awareness about cleanliness, increasing population etc. Small manufacturers of cotton buds require spindle/stick, absorbent material (cotton), and product packaging. After which the raw material goes into automatic cotton bud-making machines. Many machines also do product packaging. Machines are available according to the quality and production requirements of the entrepreneur. The cotton buds manufacturing business can be started with an investment of Rs 20,000–40,000.
PapadPapad is a thin and crispy food that can be both fried or roasted. Papad can be seen with most Indian meals. Papad is mandatory on many occasions, ceremonies and parties, which means that demand for it is also always high. Basic ingredients like wheat flour, spices, and oil are needed for this. Its manufacturing process is relatively simple. The large-scale papad manufacturing industry is highly competitive, but entrepreneurs can start with a small investment of about Rs 30,000 to Rs 40,000 and sell to local department stores. Entrepreneurs can also use flour made from lentils, chickpeas, rice, tapioca, etc. so that they can offer something different from others.
NoodlesNoodles, especially quick-to-prepare noodles, are a popular snack in India in rural and urban markets. The process of manufacturing noodles is simple and requires basic ingredients like wheat flour, salt, sugar, starch, spices, vegetable oil etc.
Semi-automatic and fully automatic noodle making machines are available in the market. The process of making noodles involves mixing flour, starch, and sodium bicarbonate and preparing it through a machine. Noodles can be cut into shape and size as desired. Apart from this, they are dried and packed.
Low-capacity noodle-making machines cost more than Rs 40,000, while premium ones cost more than Rs 1.5 lakh.
Disposable Plates And CupsDisposable food-grade plates and cups are used extensively in India during events, functions, picnics, etc. They are also used extensively by street vendors and hawkers. As they are widely used, so has their market. These are usually made of paper, which has emerged as an alternative to plastic, steel, glass, etc.
For making paper plates and cups, paper can be purchased at low rates from local scrap shops. The major part of the investment can be made in purchasing disposable plate making machines. Depending on their capacity, they cost more than Rs 50,000.
Jute BagsThe use of this biodegradable and reusable "golden fiber" is increasing day by day. As the world is moving towards banning plastics, the jute bag manufacturing business is a good option. The process of making jute bags is simple. Different types of bags are popular in the market and they can be used for many purposes. Starting this business requires a small capital investment of about Rs 50,000 to Rs 1 lakh. You can start it in a small space of about 500 square feet.
Staple PinsStaplers are used extensively in schools, colleges, government institutions, offices and wherever paperwork is done. The stapler cannot operate without a stapler pin, and the pins are usually made of white galvanized iron wire. The use of good quality iron will ensure that the pins are strong and long-lasting.
Automatic staple pin making machines simplify the production process. The machine flattens the round iron wire and produces pins at a predetermined length. Staple pin making machines that can produce 350 pins per minute cost up to Rs 3.5 lakh.
PapermakingManufacturing paper is a low-cost business idea. Paper is used everywhere. From schools and colleges to offices and large corporations, the use of paper is fixed. Despite the world being digital, the demand for paper products is increasing. From A2, A3, and A4 sheets to small copies, the papermaking industry also has a lot of scope for expansion.
However, you need to be smart in choosing the manufacturing location to avoid high transportation costs. You need about Rs 2 lakh - 2.5 lakh to get the raw material to start the machinery and start the business.
Organic SoapOrganic soap is a really good market if you want to start with a small business. It is a high demand product that is used by billions of people every day. To start a small herbal soap business you need raw materials like glycerin, herbs, essential oils, molds, microwaves, and more. Scaled production requires an investment of around Rs 1.5 lakh to Rs 2 lakh.
You can start a business at home or rent a separate small space. Various government courses are also available if you want to learn the soap making process.
Coconut Hair OilThese days people have become conscious of the use of natural products. Many people do not hesitate to pay more on quality products when it comes to health and beauty. Therefore, starting a coconut hair oil unit can be a good small business idea.
This low-cost business idea requires an estimated investment of Rs 1 lakh.
You can either start by renting a small farm or work with farmers in your area.
Tempered Glass For SmartphonesIndia's smartphone market is growing despite the shrinking of the global market. According to the International Data Corporation (IDC), the Indian market has seen shipments of 32 million units in Q1 2019. Smartphone accessories like tempered glass are also in great demand. These are made in high-temperature machines, where the glass is heated and then rapidly cooled. Tempered glass also has to pass hardness tests, braking test and dimension checks.
Tempered glass also contains silicone, extra protection and glue. Glue, which makes tempered glass on a smartphone screen, is a major component of manufacturing. Low capacity tempered glass making machines cost around Rs 75,000 while high capacity machines cost more than Rs 1.5 lakh.
Envelopes And FilesAlthough communication is digital, there is a great demand for paper envelopes and files in schools, colleges, corporates, etc. Depending on the needs of buyers, different types of paper, such as Matlitho paper or scrap paper, can be used. Gum and Glu also have to be purchased from the market.
Envelope making machines cost between Rs 1.5 lakh and Rs 11 lakh. When a paper is inserted into these machines, it can be cut into specific sizes. After the gum is applied, the envelopes are dried and sent for packaging. These products can be sold in departmental stores, supermarkets, or directly in schools, colleges, and corporate offices.
Paper BagsEcho-friendly bags and packaging made of paper have become popular as people realize how harmful non-biodegradable plastic bags are to the environment. Paper bags can be used to pack shopping items, foods, medical items, jewelry and more. Paper bags can be started on a small scale with little investment.
Automatic paper bag making machines start at around 5 lakh rupees and have a large capacity such as around a few thousand units per hour. Semi-automatic ie semi-automatic machines are also available for less than Rs 3 lakh, but these take more manual work and labor.
Entrepreneurs also need to invest in raw materials such as paper sheets, inks, printing chemicals, tags, etc.
Post a Comment