Many of us aspire to be business owners, And Starting a new business necessitates large investments. Some may be interested in starting a simple business, while others may consider starting a manufacturing business. As we all know, the growth of the manufacturing industry in India is quite plausible, and one can get started with a small or medium investment. Manufacturing sector growth is unquestionably exponential.
The manufacturing industry has entered a transitional period. It has high growth potential. And, The simpler manufacturing units do not demand much capital and can be set up with a minimum of effort. There are numerous manufacturing business ideas to start, but you cannot choose each one; instead, you must select the best one from among them and tailor it to your needs.
Here In this article, we are going to explore the top 10 best manufacturing business to start under 15 lakhs, which will give you a proper guideline.
1. Screw Manufacturing Business
A screw is an essential component in the manufacturing of any machine or industrial product. A single organisation requires tens of thousands of screws in a single year. As a result, you can immediately machine-manufacture and distribute this screw to all hardware stores and businesses. If you can communicate and talk well, there is a sizable market for you to thrive in. It is one of the best manufacturing business ideas for less than Rs 15 lakh.
2. Optical Frame Making Business
The production of optical frames for all types of spectacles is expanding at a rapid pace. Its manufacturing process is extremely straightforward. You could import machinery from China or another country for between Rs. 3 lakh and Rs. 7 lakh. Because plastic is inexpensive, raw material costs are very low, screws are added manually or with the assistance of a machine, and the final part is its design if necessary. The total cost of manufacturing a plastic frame, including labour charges, is around Rs. 150 to 200, and its selling price is around Rs. 250 to 300. This is another excellent business to begin with 15 lakh rupees.
3. LED Light Bulb Manufacturing
LED lighting is now used in almost every home and is one of the best manufacturing businesses to start with 15 lakhs. If you are concerned about branded competitors, then yes, there is a lot of competition in this sector, but if you can sell a portion of your production, you can earn a lot of money. This business is successful because it can be completed quickly with 4 to 5 people and has low production costs. You could make it for 15 rupees and sell it for 50. It is the best manufacturing business to start with less than Rs. 15 lakh.
4. Notebook Manufacturing Business
A notebook is an essential tool for shaping any country’s future, and it also serves as the foundation for many businesses. The image of schooling is not possible without a notebook, and the notebook is essential for educating children. So, you’re supposed to recognise the profitability and potential of the notebook manufacturing business in just two sentences. The maximum investment required to start a notebook manufacturing business is around 10 lakhs, but you can easily start a notebook manufacturing business with just 5 lakh rupees. Because of the high and never-ending demand for notebooks in India, this business makes a huge profit.
5. Garment Manufacturing Unit
Clothes are the appliances that people must wear, which is why this is another business that will never die despite the recession period. You can start a garment manufacturing unit with a variety of products such as men’s garments, women’s garments, children’s garments, undergarment manufacturing for men and women, and many more. Furthermore, each category has multiple subcategories, such as jeans manufacturing, shirts manufacturing, T-shirt manufacturing, saree manufacturing, Kurti manufacturing, and so on. In terms of investment, you will need a minimum of 10 to 15 lakh rupees to invest on a large scale in the garment manufacturing business.
6. Corrugated Box Manufacturing Business
Packaging boxes and cartons are widely used in everyday life. These cartons and boxes are used to transport items both within and outside of the country. As a result, corrugated boxes are used in a wide range of industries. This is particularly useful for logistics companies. If you can build this corrugated box, you will be able to sell it and make money. If you’re looking for the best business to start with 15 lakhs in India, this is a great option.
7. Toys Manufacturing Business
Customers nowadays prefer new and inventive toys, so toy-making is an art. People buy toys and miniature circuses for their children. Toys and other educational products should be available at every playschool to keep students entertained. In a nutshell, it has a large market; you can use your imagination to generate a wide range of products. The cost is determined by the type of toy you choose. It is one of the Best Manufacturing Small Business Ideas for High Profits. With a Rs 15 lakh investment, this could be one of the best businesses to start.
8. Tissue Paper Manufacturing Business
Tissue papers are in high demand in restaurants, coffee shops, tea stalls, food centres, weddings, and parties, among other places. You can start a tissue paper manufacturing business. Tissue paper is a large market with little brand competition. So you can get started in this business and enter this massive market. A tissue paper making machine costs between Rs. 5 and 10 lakh. This industry has enormous potential for growth. It is one of the best small manufacturing business ideas for a low-cost start-up.
9. Pharma Capsule Manufacturing Business
It is currently the most rapidly expanding business. Because Pharmaceutical capsules are in high demand due to the growing number of diseases. As a result, the pharmaceutical industry’s demand for gelatin capsules remains high. All pharmaceutical companies typically buy plain gelatin capsules directly from the manufacturer. As a result, you have a better chance of starting this business and succeeding. It is the best manufacturing business, with a starting capital of Rs 15 lakh.
10. PET Bottle Manufacturing Business
Plastic bottles are the most commonly used worldwide. These plastic bottles are used not only for water bottles, but also for other products such as face lotion cream bottles, scent bottles, distilled water, and so on. Furthermore, many water and juice bottle manufacturing companies, as well as other businesses that require PET bottles, will purchase them in bulk from you. Because they will be concentrating on producing their liquid lotion, juice, or any other product, they will purchase the bottle in bulk from you. As a result, it is one of the best manufacturing businesses to start with 15 lakhs.