Launching your own business can be exciting and profitable. There are so many lucrative manufacturing business ideas which can be started with an investment of about Rs. 60 to 75 lakh INR but all that you have to do is dedicate time, choose the right one for your location and then start executing them individually. We cover 11 business ideas — each within categories of the current market and why starting a company on it might be beneficial in this article.
- Calcium Silicate Insulation Board
- Market overview:
Now, India is one of the largest construction economy in world and Energy-efficient building materials are increasingly being sought due to economic growth. High insulation, fire resistance and soundproofing calcium silicate Insulation boards Sustainable construction awareness is growing and so too the market for this eco-friendly material.
- Why consider this business:
The main product of calcium silicate insulation board market is high-margin. The increasing emphasis on green building solutions could spell growth for this industry.
- Fruit Processing (Mango & Pomegranate Juice)
- Market overview:
India is the world largest producer for fruits pomegranate, and mango Commercial and domestic markets for value-added products, such as juices, concentrates have increased enormously. These days, consumers are becoming health conscious and demanding natural fruit-based products free from any preservatives, hence the demand for shelf-stable natural fruit ingredient-based application is higher.
- Why consider this business:
Fruit processing is all about utilizing mostly plentiful source material and adding the value into final product. You will be able to serve the local market as well take advantage of export opportunities.
- Phenolic Foam
- Market overview:
In construction, phenolic foam insulation acts as a fire resistant and an energy saving material. It is highly desirable due to its exceptional resistance to fire and insulating properties.
- Why consider this business:
Phenolic foam is in stable demand, and with the necessary technology and marketing skills you can be able to build a successful business in this segment.
- Production of Paper Cartons
- Market overview:
The rapid expansion of the e-commerce market, along with its omnipresent packaging sector has resulted in a huge requirement for paper cartons. Overall, the product is highly demanded for wrapping applications of a number of things leading to its repeated consumption.
- Why consider this business:
This is the kind of product that tends to maintain a regular market, as paper cartons are common place in current society. They can be customized to cater for different packaging solutions in multiple types of clients.
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- Surgical Cotton
- Market overview:
Surgical Cotton is one of the most crucial products in health industry. Due to the booming textiles sector in India, it is one of the best places for manufacturing surgical cotton. Such commodities are in great demand, the need for which is unlikely to decline, because they remain consumer goods.
- Why consider this business:
The surgical cotton business has a consistent and long-term market, albeit with strict quality standards.
- Electronic Toys
- Market overview:
The toy industry is a $90 billion global business. These days children are more interested in toys that provide an interactive experience, hence the popularity of electronic toys. With measures to promote ‘Aatmanirbhar Bharat’, India can emerge as a large-scale toy manufacturing base, the government said.
- Why consider this business:
By innovation and creativity, an electronic toy market provides space to take joy in bring new products into existence with the possibility of huge return.
- Herbal Body Care Beauty Products
- Market overview:
Ancient India has a rich Ayurvedic legacy, and the demand for natural beauty products whether it is skincare or cosmetics is witnessing an upsurge in not just domestic but global marketplaces as well. Rising awareness regarding chemicals used in cosmetics is fostering a shift towards natural substitutes, such as plant-based actives.
- Why consider this business:
Using the traditional knowledge coupled with natural ingredients can give a strong brand identity in herbal beauty products industry.
- Dehydrated Onions (100% E.O.U.)
- Market overview:
Onion powder is a seasoning and flavoring made from onions that have been dried out. On the bright side, they are non-perishable ingredients that can be transported with even more ease than fresh onions. India is the 2nd largest producer of onion, and this kind of content pasting adds value addition & export opportunities.
- Why consider this business:
Dehydrated onions have a steady overseas demand and Export Oriented Unit (EOU) Scheme provides export benefits.
- Masala Powder
- Market overview:
Indians love their spices. Spices / masala powders: Readymade spice mixes are a large market since they save time and it freezes the common man as well as commercial establishment. India has a wealth of spices and raw materials.
- Why consider this business:
You can create originality within flavors with your regional spices. Business is highly scalable.
Related Business Plans: Business Ideas: 60 – 75 Lakhs (Plant and Machinery): Selected Project Profiles for Entrepreneurs, Startups
- Organic Fertilizer
- Market overview:
Sustainable agriculture is the buzz word today and organic fertilizers are much sought after. They help in growing the farm without much harm to environment. The government is also supportive by promoting the use of organic inputs for farming.
- Why consider this business:
This business caters to the growing trend toward eco-friendly agriculture, so you can also help build healthier soils and safer foods.
- Aluminum Foil Containers
- Market overview:
The foil containers are mainly used in restaurants and hotels, where ready-to-eat foods can be consumed immediately without having to wash the dishes. Light-weight, sterile and disposable. The growing number of food delivery market stimulates the increasing interest in this type of packaging material.
- Why consider this business:
Aluminum foil containers are a super individual product that comes under the daily use segment of aluminum foils, hence little customization is required.
Important Considerations for Entrepreneurs
However, to choose one of these business ideas you need market research data for which any number or combination of the following can give useful insights:
- Target Market:
Define your target audience, their goals and purchasing behavior.
- Competition:
Understand Current Players, Offerings and Pricing Strategies.
- Regulation:
Get to know the rules and regulations that are specific in your industry, as well as quality standards you have to meet.
- Technological advancements:
Stay update on the latest advancements of technology in your industry to optimize manufacturing processes.
The Potential for Success
You may have heard that Starting your own business takes hard work started with an exciting experience. The manufacturing principles reviewed in this article are a good foundation for probable success, given that So, these sectors either are meeting the prevalent needs of Indian market or they have scope/existing upper hand in future. Secondly, it falls well in the investments size advised making the operations possible without burning a big hole beforehand.
Favorable Market Dynamics
In this post, we will explore some of the unique market trends that are causing these manufacturing businesses to be so appealing:
- Essential Products:
For example, calcium silicate insulation board, surgical cotton and paper cartons cater to essential end-market needs in construction healthcare and packaging respectively ensuring stable demand.
- Changing Lifestyles:
The growing disposable income and the changing consumer behavior toward health & entertainment are resulting in high traction for products, including several Electronic Toys, Herbal Body Care Products, as well as Fruit Juices.
- Government Support:
This helps to create an ecosystem of things like “Make in India”. Businesses such as Dehydrated Onions and Organic Fertilizer sync well with the agricultural value addition & sustainability focus.
- Growing Demand:
Both Masala Powders and Aluminum Foil Containers automatically are products of large consumption due to the presence of vast Indian Culinary market always at hand.
Watch Video: 26 Small Manufacturing Business Ideas to Start with Investment of 60- 75 Lakhs (Plant and Machinery)
Conclusion
If you go for starting a manufacturing business and have somewhat around 60 to 75 lakhs of the budget then there are many high growth possibilities open in front of you. In this article, we summarize 11 lucrative business ideas that leverage both traditional and emerging markets with significant potential for expansion. If you watch the market, do your homework and focus on high-quality products — long-term success will be ensured.
Profitable Manufacturing Ventures Under 75 Lakhs: NPCS Guides Entrepreneurs and Startups
You need to research well, do proper planning and know the market of your business. Also, Niir Project Consultancy Services is a reliable name from where interested entrepreneurs can get support for entrepreneurial services in setting up profitable manufacturing business opportunities in India. NPCS is a provider of services specifically designed on critical information unique to your businesses in India. NPCS specializes in providing Market Survey cum Detailed Techno Economic Feasibility Reports, paving the way for informed decision-making.
Why Choose NPCS Suggested Manufacturing Ventures?
NPCS through its reliable delivery strives to provide entrepreneurs with the support of a first-rate business plan & project reports solution. These.html files are also concerned with:
- Manufacturing Process:
Specific Production Stage Breakdowns.
- Market Research:
Market revenue, market potential growth through competitive strategies based on in-depth study sectors for strategic insights.
- Flow Sheet Diagrams:
Optimization view of manufacturing process by visual representation.
- Product Mix:
Advice for optimal ranges to meet the needs of consumers in market.
- Machinery Details:
Basic equipment specs and sourcing.
- Raw Material Details:
To give a perfect idea of resources and suppliers required.
- Project Financials:
Detailed Cost, Revenue and Profit Forecast.
Profitable Business Ideas Under Rs. 60 Lakhs – 75 Lakhs (Plant and Machinery Cost)
Here are 11 good manufacturing business ideas for beginners looking to start their first venture under a budget of Rs. 60-75 lakhs (Plant and Machinery cost.
- Calcium Silicate Insulation Board:
This is gaining more and more traction, owing to the growing popularity of eco-friendly building materials.
- Fruit Processing (Mango & Pomegranate Juice):
Utilize India can be big in fruits and health drink markets.
- Phenolic Foam:
Over insulation property making more popularity in the construction industry provides excellent growth opportunities.
- Production of Paper Cartons:
Contributing to increased e-commerce and packaging requirements paper cartons are really necessary.
- Surgical Cotton:
This ensures that hygienic and medical-grade cotton will always be in constant demand; therefore, creating a virtual marketplace.
- Electronic Toys:
An innovative and evolving new kids’ flavored milk market is full of opportunities for manufacturers, he added.
- Herbal Body Care Beauty Products:
The demand in this category has been rising as people are moving towards natural and organic products.
- Dehydrated Onions (100% E.O.U):
Dehydrated onion manufacturers can profit most from a thriving export market.
- Masala Powder:
Take advantage of India’s abundant spice market to blend your spices.
- Organic Fertilizer:
Organic Fertilizers — To cater the growing demand of an environment-friendly Farming Practices.
- Aluminium Foil Containers:
The rigorous steady demand for these versatile products exists in the realm of food packaging and storage.
Market Size, Trends, and Investment Considerations
The due diligence of the most common few things entrepreneurs will have to research into for a typical industry before investing:
- Market Size and Share:
Understanding the current size and future growth of that segment.
- Trends:
Keeping up with consumer trends and changes in technology which defines the market.
NPCS: Your Strategic Manufacturing Partner
At Niir Project Consultancy Services, we enable entrepreneurs with comprehensive resources and data-driven insights. And with the benefit of NPCS’s know-how, young entrepreneurs & startups can confidently set foot in promising industries that supports their businesses and help propel India into a vibrant manufacturing economy.
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