44 Best and Most Profitable Manufacturing Business Ideas in India
Best and Most Profitable Manufacturing Business Ideas in India
Manufacturing business has always been a lucrative field for the people globally. Initially it demands reasonable investment but once it is established it fetches heavy consistent profits. However selecting a good manufacturing business idea is key for the success of the business. There are various manufacturing business ideas across the world where one can start. In this article, we would provide some top and best manufacturing business ideas which can be started with low investment and that can yield high profits. The list contains 44 Best Manufacturing Business Ideas that can yield high profits but can be started with low investment. The list also includes new manufacturing business ideas with medium investment in India. One should review each and every manufacturing business given here and select the one which is suitable to them. All may not suite to every one.
What is Manufacturing Business?
A business that uses raw material and components to prepare finished product with the help of machinery is termed as manufacturing business. This raw product can be sold directly to the consumer or to the other industry as raw material. A manufacturing unit is a man and machine set-up that requires substantial investment at the initial stage but once it is established in a proper manner, it will fetch good profits. Some business units demand high investment whereas some can be started with low investments also.
44 Best and Most Profitable Manufacturing Business Ideas with low investment
Here is a list of some of the top manufacturing business ideas that can be initiated with low investments and are expected to fetch high profits. One should review the pros and cons of each and every business idea, place of business and than take a call about starting such manufacturing business.
1) Furniture Business – Low cost manufacturing business idea
Furniture is an indispensable item for homes, schools, business premises etc. Everybody is in need of tables, chairs, sofas, beds, wardrobes etc. So, the manufacturing of furniture can be a great business idea. The estimated capital required is Rs. 1 to 5 lakh depending upon your scale of manufacturing. One can get high cost from such low cost business idea. You can also open this business with large size and this new manufacturing business idea with high investment can give very high profits.
2) Garment Manufacturing unit – Low costs, High profits manufacturing business
With the increasing awareness of fashion, garments have been in highest demand. Moreover, the demand is never-ending. So, the manufacturing of garment is a very productive business. There is no estimated capital as one can start it as low as Rs 1 Lakh and it can go to several crores too. This is one of the most profitable business in India to start.
3) Producing leather related items Business
Leather products are always in great demand. Small items made of leather can be created easily with the help of simple tools and machinery. The capital required in this business is around Rs. 1 lakh to 5 lakh. This is one of the medium scale manufacturing business ideas in India.
4) Manufacturing of school / office stationery items – Low cost manufacturing business
There is regular demand for stationary items for offices and schools. Files, folders, pens, accounts books, pencil, eraser, sharpener, etc the list is endless. These items are even demanded by small and big industries. So, keeping in mind the demand for these products, the manufacturing of these units can be a great idea. This is a low investment business with high profits.
5) Automobile Parts manufacturing – High profits manufacturing business
Automobile industry is flourishing in every part of the country. All the automobiles industry needs spare parts to be assembled I their units. If you possess good business skills and have substantial finance capacity, you can start this business. It is not necessary to produce too many parts. One can specialize in few spare parts of the automobile industry. One should manufacture only those parts that are required on regular basis. The investment here is approximately Rs.5 lakh to 15 lakh.
6) Fertilizer manufacturing – Low cost manufacturing business idea
We live in an agriculture-based country. Any person who possesses a good knowledge of chemicals and fertilizers, he can start with fertilizer manufacturing unit at a small scale. If the business goes successful, it has huge expansion potential. The investment here is Rs. 25,000 to 1 Lakh.
7) Sports Related manufacturing business
Indoor and outdoor games have always been popular amongst kids as well as elders. Manufacturing of small sports related items can be a good business idea like manufacturing of ball, bat, carom, badminton rackets etc. This is one of the best medium scale manufacturing business ideas in India.
8) Honey making idea
The business of honey making is associated with bee farming. It is one of the easiest business ideas that can be started with low cost. Honey is in great demand due to its remedial properties. The capital needed is Rs.25,000. People would also called this as good home manufacturing business idea.
9) High profit Toys manufacturing Business
Toys have always been favorite items for kids and their sale never goes down. One can take some evergreen toy design and style with some innovation in it. The investment is not much in this business idea.
10) Mineral water plant
The bottled mineral water is in high demand these days due to its extensive use in weddings, parties, hotels etc. The manufacturing of packaged mineral water is an excellent business idea subject to the condition that it is made hygienically. Water has become scarcity in India, hence this is one of the best profitable business in India.
11) Water filters manufacturing – High profit manufacturing business idea
Pure drinking water is a big problem in urban areas these days. So, the manufacturing of small water filters and small home based RO plants can be a great option for starting business. The amount of capital required here is quite huge ranging from Rs. 5 lakh to 15 lakh.
12) Handmade biscuits and chocolates
Although there are many renowned brands that sell biscuits and chocolates but still many people prefer to have hand-made biscuits and other bakery items. So, a small home-base bakery is an excellent idea for business.
13) Candle making idea
Fancy candles with good fragrance are always in demand especially in hotel industry and near the festival time and this makes it a very good home based business idea. The space required in this business is also not much. The start-up can be established with a space of even a single room. The capital required is around Rs. 25,000 to 50,000 only. The raw material required is wax, perfume, moulds, dye etc.
14) Manufacturing of Papers and notebooks
Paper is extensively used in schools and colleges along with other industries for billing and recording their business transactions. All in all, it is used in every sector. Manufacturing of paper does not demand high investment too. The capital required here is 1 to 2 lakh. The machinery and space required is based on the paper size, volume and quality. Education is becoming costly these days. Hence this could turn as most profitable business in India.
15) Beautiful designs Doors manufacturing
The demand for aluminum doors and windows is increasing very fast in metro cities as well as small towns. The business is quite profitable and requires a very small capital, hence it is one of the new manufacturing business ideas with medium investment in India.
16) Bakery Items manufacturing unit
If you are good at baking cakes and biscuits, it is an ideal business that can be started from kitchen with an investment as low as Rs. 25,000 to 50,000. It is a home-based manufacturing business. People these days are in great demand for home-made bakery products that are healthy and hygienic. Moreover, they are widely used for corporate and industrial gifting. If the taste of your product matches the taste buds of people, your business will reach new height in a short span of time. This is a best profitable business idea in India.
17) Creative Crafts Manufacturing
If you are interested in creative art and craft work, making of creative craft items can be a great home-based business idea. Such products are in huge demand and require very little capital.
18) Disposable paper plates and cups manufacturing unit
Disposable plates, glasses, and cups are gaining grounds in the market because of the nature of disposability associated with them. The business can be started using simple machinery and very low investment. You may need small manufacturing machines for this.
19) Manufacturing of inks and cartridges for printers
Printer is very commonly used for billing purposes these days. So, the demand for inks and cartridges is also increasing day by day.
20) Manufacturing of carpets
Carpets have always been associated with richness and royalty. They are widely used in hotel industry. These have become good even at homes now. They can be machine-made and hand-made too. The business of manufacturing carpets can be started easily with a small investment and the potential is huge.
21) Mobile Phone accessories manufacturing
Mobile phones are used by one and all. Their sales have increased tremendously in recent years and so is the demand for its accessories. Various accessories are used to decorate the phone and to safeguard it as well. It is a good business idea with huge growth prospects. The investment is also very low ranging about Rs 50,000 to 2 lakh. Indians have become fond of mobile phones where they are using only for 1-2 years along with necessary accessories. Hence, mobile phone accessories manufacturing is one of the best profitable business in India now.
22) Manufacturing of kitchen utensils /cutleries
The demand for kitchen utensils and cutleries is constant as they are items of regular use. Fashionable and designer cutleries and utensils are always in great demand. So, it can be a good business idea.
Other Best Profitable Business Ideas in India
23) Textile Manufacturing
24) Pickle making
25) Bio-diesel production. Considering that diesel/petrol can become scarce in future, this bio-diesel production could be most profitable business in India in future.
26) Flour production
27) Furniture making
28) Biscuit or chocolate making
29) Honey processing
30) Paper plates or plastic glasses manufacturing
31) Automotive parts manufacturing
32) Ceramic tiles manufacturing
33) Toys manufacturing unit.
34) Aluminium windows door manufacturing
35) Jewellery making unit. This could be one of the best manufacturing business under 1 Lakh.
36) Ice cream cone manufacturing
37) Chocolate manufacturing
38) Noodles manufacturing unit. Indians have become food lovers these days, hence this could be top profitable business Idea in India.
39) Bakery products making unit
40) Bread products making unit
41) Jam manufacturing unit
42) Organic products manufacturing
43) Cashew processing unit
44) Hair and beauty products manufacturing.
Conclusion: A small scale manufacturing unit can be a great opportunity for an individual to start his financial career. But, one has to do the planning and execution meticulously to run his business successfully. Moreover, one should be passionate and dedicated towards their work to take such business to new heights of success.
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Best Manufacturing Business Ideas with low investment and high profitable in India
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