Most Profitable Industries in India to Start Your Own Business
Most Profitable Industries in India to Start Your Own Business. List of Money Making Manufacturing Businesses (NPCS Newsletter – Issue 082018)
Project Profiles of below projects can be viewed/ downloaded from http://www.niir.org/profiles/
Today, tens of thousands of people are considering starting a business, and for good reasons. Throughout the world, small and medium scale manufacturing is considered as a profitable business for startup entrepreneurs. Some of the most lucrative industries are light engineering, paper, food processing, rubber, leather, chemical, and agrochemical industry. Apart from these household products, some construction-related products are also in high demand. Small and medium scale industries play the significant role in the GDP.
Small and medium sized enterprises play a central role in the Indian economy. They are a major source of entrepreneurial skills, innovation and employment. SME businesses are the biggest contributor to the economy of any country and the same goes with Indian economy. In fact, SME is one of the most crucial sectors of Indian economy as far as the number of employments generated from this segment. As more than 65% of Indian population lives in rural and semi-rural areas, small business becomes a major source of income for many residing in these areas. After agriculture, small business in India is the second largest employer of human resources.
Manufacturing Business ideas that you can initiate as micro, small, and medium scale basis.
Projects Covered in this issue:
- Aluminium Cans Manufacturing
- Cashew Nut Shell Oil
- Edible Oil Refinery from Crude Palm Oil
- Readymade Khaini (Geeli)
- Coal Washery Unit
- Acrylic Resin (Emulsion Type)
- Corrugated Cartons
- Arabic Gum
- Sulphuric Acid Plant including Mfg. of Chlorosulphonic Acid, 23% Oleum
- Hot Melt Adhesives for Corrugation Board
- Magnesium Sulphate
- Gypsum Plaster Board
- Copper Cathode from Copper Scrap
- Macaroni, Sapghetti, Vermicelli and Noodles
- Roller Flour Mill with Packaging (Automatic Plant)
- Adhesive (Fevicol Type)
- Linear Alkyl Benzene Sulphonic Acid
- Chili Oil
- Dry Fruits Processing (Cashew, Almond, Walnut, Raisins (Kishmish/Munnakka) and Figs)
- Virgin Coconut Oil
See more
Contact us:
Niir Project Consultancy Services
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New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
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Website :
http://www.entrepreneurindia.co
Tags
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