India is a global manufacturing hub with a large population and the potential to create millions of jobs, especially in labour-intensive industries. If you start a new manufacturing business in any state in India, there will always be a demand for it and the product you make will definitely sell. Secondly, the youth population here is very high. Yes, 66% of our population is youth and under 35 years of age. That is, if you enter the manufacturing industry, you will not have any shortage of labour or employees. Additionally, according to a study, India’s manufacturing sector has the potential to reach a trillion-dollar mark by 2025 to 2026. So, if you do any business related to manufacturing, you can earn more profit. So, if you too are thinking of starting a manufacturing business, in this article we reveal the Top 10 New Manufacturing Ideas you can start in any ware India to make substantial profits.Â
Table of Contents
List Of 10 New Manufacturing Business Ideas
1. Banana Fiber Extraction.
Banana fibre is a hemp-like fibre found in many places, and this fibre is used to make rugs, rugs and other products. In the textile industry, banana fiber is used to make good quality fabrics, not only because it has good properties like UV protection, waterproofing and biodegradability. Thus, if banana fiber is extracted and sold, many industrial companies buy it. To start this banana fiber business in India, you need ₹5 lakh or less. And since the government will subsidize you in this, you can easily earn up to ₹10 lakh per year. Also, talking about its market potential, the demand for this natural fiber like banana fiber is very high abroad, So starting this business is profitable.
2. Disposal Product Manufacturing
Nowadays, the use of disposable items is increasing rapidly. Be it a wedding, a small or big function or a roadside eatery, there is a demand for disposables everywhere. After the ban on plastic, the demand for paper plates, glasses, and spoons has increased even more. So, starting a disposal items manufacturing business can be started at a low cost. For this, you need a disposal-making machine, raw materials and a small space. To start this business you may have to invest around ₹50,000 to ₹1,00,000 which includes the cost of the machine and raw materials. Apart from this, if you produce on a large scale, then the profit can also be high.
3. Mango Pulp Manufacturing
The most profitable manufacturing business you can do in India is mango pulp manufacturing business. India is one of the largest producers of mangoes globally and India is the number one exporter of mango pulp. Yes, about ₹10 crore metric tonnes of mango pulp is exported from India every year. That is why starting a mango pulp manufacturing business in India will give you a lot of profit. And a complete mango processing plant can be set up in just ₹10 lakh to ₹20 lakh. Also you can sell mango juice, packaged mango drinks etc. under your own branding. It is also subsidized by the government, so your initial cost will also be reduced and you can easily earn more profit per year.
4. Textile Manufacturing
Textile manufacturing has always been a good and profitable manufacturing industry. Indian textile industry is growing rapidly due to labor availability, improvement in fabric production and women empowerment. So, If you want to enter the world of fashion then textile manufacturing business can be a great option. In this, you can manufacture T-shirts, kurtas, sarees, and other products. To start this business, you will need a sewing machine, a purchase of fabric, and knowledge of designing. The initial investment can be from ₹ 2,00,000 to ₹ 10,0000 only. The most special thing about this business is that its demand never decreases, and once you have established your brand, the profits will increase day by day.
5. Non-woven Tarpaulin Manufacturing
The fifth manufacturing business idea is a non-woven tarpaulin manufacturing business. Yes, many places use tarpaulins to cover all items or food items. Especially you will see trucks running on the road carrying loads of stuff covered with tarpaulins. Because non-woven tarpaulins are treated against UV light, they last for years and provide excellent protection. That is why tarpaulin material is used in many industries. And to set up a complete tarpaulin processing unit Rs. 50 lakhs is required and the government subsidizes the industry. So if you start non woven tarpaulin manufacturing in India, you can find many buyers and earn easily.
6. Soap and Detergent Powder Manufacturing
In India, there is always a demand for cleaning products, and this is why the soap and detergent powder business always proves to be profitable. You do not need a lot of money to start this business, You can start this business with an investment of ₹1,00000 to ₹6,00,000. To make soap, you need caustic soda, palm oil, fragrance and colour, Also, you need packaging materials to make soap and detergent powder. The profit in this manufacturing industry depends on the type of soap and detergent you are making and the market in which you selling it. You can easily expand this business by connecting with local markets and grocery stores.
7. Biodegradable Bags Manufacturing
The seventh business is the business of making biodegradable bags. As you know, Plastic has been panned in many places, so the demand for biodegradable or compostable carry bags has increased a lot. You can start this business with an initial investment of a minimum of RS 50 lakhs. In 2020, this market was 2.8 billion dollars and it is believed that in 2026 it will increase to 8.6 billion dollars. Its demand has increased so much not only in India but all over the world that if we manufacture them, then not only can we sell them domestically but they can also be exported. So if at this time you start the business of making biodegradable bags and set up a manufacturing plant, then you will earn profits worth lakhs in the future.
8. Activated Carbon Manufacturing.
The next business is the activated carbon manufacturing industry. Powdered activated carbon is used as a raw material in many industries, like pharmaceutical manufacturing companies, chemical industries and cosmetic manufacturing companies that use activated carbon. That’s why there is a year-round demand in India, but unfortunately, we import it. Therefore, setting up an activated carbon manufacturing plant in India would be very profitable. Along with this, you don’t need a very big setup, if you want to manufacture activated carbon, you can start a small setup with just ₹ 2 lakhs to ₹5 lakhs investment and earn lakhs monthly.
9. Optical Frame Manufacturing.
The demand for optical frames in India has increased significantly, so manufacturing optical frames can be a highly profitable business. The manufacturing process for optical frames is very simple. You can start a business by importing machinery from Indiamart or other countries with an investment of around 3 lakhs to 5 lakhs. The low cost of plastic used in this makes the raw material economical and the screws are added manually or with the help of machines and the end piece is molded if required. The total cost of manufacturing the plastic frame was very low but the profit was high. To achieve success in optical frame manufacturing, you need to follow a proper branding and marketing strategy.
10. Notebook/Copy Manufacturing
The demand for notebooks and photocopies in India is always high in all sectors, especially in the education sector. Therefore, starting a notebook manufacturing business is a profitable venture. Also, the specialty of this business is that it starts with less money and the profits are good. You can start a small business with an investment of Rs 5 lakh to 10 lakh. To start a notebook manufacturing business, you will need paper, a printing press and a binding machine. If you tie up with schools and colleges and make the right deal, your business can grow fast and earn up to 50 thousand rupees per month.
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