11 Manufacturing Business Ideas in India you can Start Now

 

Across India, many government efforts are being implemented to promote manufacturing business ideas in India in a variety of areas, including food, fashion, necessities, leisure, and more. As a result, the manufacturing business in India is expanding at a rapid pace. In fact, the sector accounts for 17% of the country's GDP. 

 

List of Manufacturing Business Ideas in India

• Furniture-Making Business
• Manufacturing garments or clothing is a lucrative business
• Disposables Manufacturing 
• Manufacturing of cakes, cookies, or other bakery items
• Manufacturing of Fashion or Precious Jewellery
• Candle manufacturing business

 

Furniture-Making Business (Wooden Or MDF)

The Indian furniture market would grow at a CAGR of 12.91 per cent from 2020 to 2024. 

So, in the near future, starting a wooden or MDF furniture manufacturing firm in India will be a profitable manufacturing business ideas in India.

How to Begin: To start a business making wooden, MDF, or particleboard furniture, you'll need a well-ventilated workshop and a skilled team of carpenters or workers. 

Minimum Investment: An investment of roughly 2,50,000 INR or more is required to start this business.

 

Manufacturing garments or clothing is a lucrative business

The exquisite cotton and silk fabrics of India are well-known. 

Assume you live in an Indian state recognised for high-quality cotton or silk production, or you have a good source of high-quality raw materials for garment production. In that situation, working in the garments or clothing manufacturing industry is the ideal option. You can start this business on a modest scale from your own home, and as your firm grows, you can expand to a larger area with advanced machinery and a competent team.

How to Begin: To start a garment or clothing manufacturing firm, you'll need to be close to raw material suppliers as well as import and export hubs.

Minimum Investment: This manufacturing company idea can be started on a small scale with an investment of around 6000 INR, or a medium to big size with an investment of roughly 4,00,000 INR or more.

 

Disposables Manufacturing 

In recent years, demand for disposable cutlery has increased dramatically in fast-food restaurants and takeouts. 

We can say the same thing about throwaway cutlery. These eateries are anticipating the adoption of high-quality yet cost-effective disposable cutlery such as paper napkins, cups, spoons, forks, plates, and bowls in order to improve their meal delivery standards. As a result, investing and planning in the disposable cutlery company registration online in India will be profitable.

To start a disposable cutlery manufacturing firm, you'll need a facility to set up the manufacturing plant with sufficient ventilation and power backup, as well as a workforce to handle production and the business's import or export sales cycle.

Minimum Investment: You'll need a lump sum investment of around 1,50,000 INR or more to get started.

 

Manufacturing of cakes, cookies, or other bakery items

Did you know that the bakery is one of India's most well-known food industries? The need for bakery items is evident in India, which is known for its vibrant festivals and celebrations. You can start a cake, cookie, or bakery item production business in India if you have baking talents or a professional team of bakers.

How to Get Started: You can start your cake, cookie, or bakery item production business as a home-based operation at first. You can set up a full-scale bakery operation as your manufacturing industry demands and requirements grow.

Minimum Investment: This business can be started with a small investment of roughly 12,000 INR.

 

Manufacturing of Fashion or Precious Jewellery

Jewellery, like the textiles or clothing sector, is considered one of India's most profitable companies. People are increasingly interested in handcrafted apparel and precious jewellery with personalised or one-of-a-kind designs. If you have a creative eye for jewellery design, you can start a jewellery design and manufacturing firm and promote it using a strategic marketing approach to maximise returns and profits.

How to begin:: To start a valuable jewellery manufacturing firm, you'll need a reliable source of fashion jewellery raw materials. To make precious jewellery, you'll need a reputable and certified dealer of precious metals like gold, silver, and platinum, as well as precious and semi-precious stones like diamonds, pearls, sapphire, topaz, quartz, and other gemstones.

Minimum Investment: You can start this as a small manufacturing firm with an investment of around 6000 INR, or as a medium to big size business with a significant amount of money to invest, such as around 5,00,000 INR or more.

 

Candle manufacturing business.

In the Indian market, demand for various candles is increasing by leaps and bounds. People nowadays prefer several types of candles for various occasions and festivals, such as scented candles, textured candles, figurine candles, aesthetic candles, bespoke candles, treatment candles, and more. There will be no going back if you take a systematic and rigorous approach to market research and a detailed market survey. Candle manufacturing is a small-scale business concept that can start from home and has a global need.

How to Begin This Business: To start a candle manufacturing firm, you'll need reliable raw material suppliers, a well-ventilated manufacturing area, and a focused product range.

Minimum Investment: As a small-scale manufacturing enterprise, you can start with an initial investment of roughly 11,000 INR.

 

New manufacturing business ideas in India with medium investment

If you want some fresh and in-demand manufacturing business ideas in India for starting a business from home with minimum investment, here is what you have been looking for:

1. Organic Handmade and Exotic Soaps: An increasing number of individuals are looking for chemical-free alternatives to everything. The organic soap business requires an initial expenditure of 1.5 to 2 lakh rupees, and the best thing is that prospects are easy to convert.
2. Handmade Chocolate: People enjoy homemade chocolates, and you can make them in a variety of ways, including white, milk, and dark chocolates, as well as nuts, mousses, and bespoke options.
3. Handicrafts Business: The manufacturing of Indian handcraft goods is in high demand in India. It bridges the gap between buyers and artists and maybe launched with little money. 
4. Recyclable Apparels: This is a GEN-Z trend business concept in which you curate attractive outfits out of older discarded items.
5. Self-care products: People are spending more on organic and chemical-free personal care products because they have fewer or no side effects on the body. You can start by launching a single product or a series of products.
6. Smartphone Accessories: It is a really popular business idea. You can start this business if you know how to fix a cell phone. In India, there are about 750 million smartphone users. As a result, there is a strong demand for smartphone repairers. Since not everyone can afford to buy a new phone at the first sign of difficulty. You can sell mobile accessories and credit recharge to consumers in addition to smartphone repair.

 

Steps to Start a Manufacturing Business Ideas in India

Learn how to start a manufacturing business from the comfort of your own house before you start Googling the most profitable manufacturing business ideas in India.

Research the Industry: Learning about the industry you are entering is the first and most major step towards starting a business. Therefore, google everything that comes to your mind, take advice from experts regarding the industry and the legal requirements.

Research Local Regulations: Every state has some of their own rules and regulations for starting a business in the region. It could be a specific license or a tax registration. So, double-check with the state authorities for the same.

Shortlisting the Best Ideas: Further, list some of the best ideas that you want to start as a business and how you can add something unique to it that benefits society.

Register your Business: The next step after selecting an idea is to register it legally. So, after choosing a business structure and deciding the share distribution apply for company registration online. 

Resource Raw Materials: After that, start sourcing raw materials by finding the best suppliers near you. However, make sure that you have a business bank account for any transactions related to your business. 

Setting Your Business: Set up your manufacturing unit after thorough research of the site. You do not need a place with footfall. An area with less crowd will help because you will also need a NOC from the neighbourhood.

Marketing Your Product: Contact the local dealers of the good you are manufacturing and the retailers. Further, you can also advertise in the newspapers of the targeted cities or states.