Manufacturing Business Ideas In India, if you are searching for profitable manufacturing business ideas in India then you are at the right place.
in this article, we will uncover some of the new manufacturing business ideas, that you will not find anywhere else, so without further ado, let’s see what we are going to cover in this article:
What We will cover In this article:
- New manufacturing business ideas.
- large scale manufacturing business ideas in India.
- medium scale manufacturing in India.
- future business ideas in India.
- manufacturing business ideas with medium investment.
- manufacturing business ideas with low investment.
- small manufacturing business ideas from home.
Enough talking now lets discuss some of the facts about the manufacturing sector in india.
according to ibef, there is strong growth in the manufacturing sectors of India.
|Basic metals – 10.8%|
|intermediate goods – 8.8%.|
|food products – 2.7%.|
tobacco products – 2.9%
the Purchasing Managers’ Index ( PMI ) in manufacturing sector of india is almost 58.9 in October 2020 and 56.8 in September 2020.
To know more about manufacturing sectors in india please follow this article.
Manufacturing Business Ideas In India.
So now without further ado, lets jump into some profitable manufacturing business ideas in india.
1 ) Environment Friendly Bags-
There are some great advantages of using environment-friendly bags or eco-bags, but what are those great advantages?
Related- Sanitary pad manufacturing.
first of all eco-friendly bags are require cheap cost to make and also the reusable bags provides your customer a stronger and much sturdier solution then your old plastic bags.
they use cotton to make the handles of the bags that make them very comfortable to carry much heavier weights.
Some of the amazing benefits of using eco friendly bags are:
- Helps to prevent the buildup of greenhouse gases.
- eco-friendly bags use jute, cotton or bamboo that helps to create better oil in long run.
- Less plastic waste.
- Show your brand as a environment friendly that creates good impression on your brand image.
- less money required for cleaning up.
- Less fossil fuels and natural resources used.
and much more…….
Overall Environment Friendly Bags is a profitable yet needed manufacturing business ideas in india.
Tips to follow while creating Environment Friendly Bags manufacturing business in india:
- Get started with Sustainable Packaging.
- Donate, Don’t Discard.
- Go smaller audience or go local at first.
- Use water carefully while manufacturing eco-friendly bags.
Follow these steps to create a successful eco-friendly bag manufacturing unit.
2 ) LED Light Manufacturing-
The LED Light Manufacturing is a profitable manufacturing business idea, if you start properly.
You probably don’t know LED manufacturing is profitable manufacturing business idea in india if you start properly.
In India, the LED Manufacturing business market is over 220 billion by 2020, and this industry is growing at a rate of 40% each year.
consumption of LED Light across idea are:
- Commercial segment ( 30% ).
- residential Segment ( 20% ).
- street lighting ( 30% ).
- industrial lighting ( 20% ).
But Why led lights are successful in india?
led lights are super effective and cost-effective for Indian households and industrial areas, for example, led lights to rank higher if you talk about energy saving and money.
not only in commercial and household demand, led lights are also in demand for Central and state government departments.
which makes it best b2b manufacturing business idea.
there are still some problems with these manufacturing businesses because many of led lights are of high cost which makes it difficult for lower-middle-class people to afford.
if you can break the odds and able create led manufacturing at a low cost so that anyone can afford it, then there is a high chance that you make a huge profit out of it.
you can start this business with very low investment, because this required only just raw materials from good manufacturers, all you have to do is just assemble them to get the network.
Follow these steps to get your LED Manufacturing business started:
- Register your company with ROC.
- Get your trade license.
- Register your business with Udyog aadhaar MSME registration.
- Resister for Bureau of Indian Standards certificate and Bureau of Energy Efficiency as well.
- get NOC.
- Get the GST registration for your business.
if you follow all the steps mentioned above then you can successfully launch your manufacturing business idea in india.
4 ) Organic Detergents Manufacturing-
Look if you are looking for new manufacturing business ideas with medium or low investment then there no better option then Detergents Manufacturing.
Detergents Manufacturing is the best manufacturing business to start with low investment and high profit.
this business will give you high profit on a small budget and the best part is, you will require no technical knowledge or skill to get started, all you need is just mixing up two or more raw materials.
all you need is a small budget to get started, the budget ranges from as little as 1200 to 30000 rupees.
Though it is a low investment manufacturing business idea doesn’t mean it has low market potential, Today the detergent manufacturing market size is more than 150 billion dollars in 2020 and growing at the rate of 8% per year.
in india alone the per capita detergent consumption is roughly 3kg per year.
Points to remember before starting detergent manufacturing business idea:
- Select your market and narrow down your niche.
- know your investment to get started with the detergent manufacturing business.
- Know the formulae to create detergent, if possible tweak the formulae to get your own USP.
- create a thorough but easy to execute business plan.
- get all the important and required equipment to get started.
- get all the legal works done.
if you follow all the steps then there is a high chance that you will be end with creating profitable manufacturing business ideas in india.
5 ) Fitness Equipment Manufacturing-
the fitness industry is among the top high growing business industry in the world with market size of over $31.53 billion in 2021.
so, now you can understand your potential market size to get started with fitness Equipment Manufacturing business ideas in India.
if you have skills related to construction work then you can easily eater into this market and if you do not have such skills, it’s better to hire someone who has.
if you want to succeed in this manufacturing business then you will be required with:
- a well-equipped workshop.
- good design knowledge for the perfect design.
- hands-on construction experience.
- legit marketing skills.
you must meet these four criteria to get started as a legit Fitness Equipment Manufacturing business ideas in India.
you need to know what you will manufacture before getting started in these businesses, some of the most popular equipment are:
- weight benches.
- weight stands.
- squat stands.
these are some of the few, there are much more to mention, to know more you can search on google.
there are some of the major competitions available in the market that you need to care about so that competition doesn’t kill you in the long run.
some of the major players in the market are:
- Life Fitness.
- Hammer Strength.
fitness manufacturing business ideas in india is a billion dollar market, if you plan properly and play strategically then you easily take piece of it.
remember strong marketing is the key factor to promote your brand.
6 ) Mobile Phone Accessories-
there is no doubt that mobile phone is the