Are you interested in doing business in India? Do you want to start a business in India? Do you want to know the best business opportunities in India? If yes, then below are the top 30 best, unique and innovative small scale business ideas in India with low investment.
India is the next big business flashpoint after China. Why? The reason is because of their rapidly growing economy and a massive population; which is second only to China. Now for those seeking to open a business in India but are short of ideas; this article will help you out.
It is quite understandable that everyone needs a constant source of income, but most people do not have a huge amount of capital to start a business. So in this article, I decided to do a compilation of the top 10 low cost small scale business ideas in India. These opportunities and ideas can be acted upon by men, women, students, kids, teenagers, employees, etc. So if you are still in a learning mode, then let’s proceed.
Top 30 Small Scale Business Ideas in India with Low Investment
- School and Office Supplies
These products are in demand all year round, so entrepreneurs do not need to worry about making sales. With a large number of businesses and schools situated in the urban areas of India; products such as pencils, pens, paper of different varieties, notebooks, and others will always be in constant demand.
- Customized Jewelry
People, especially women love to accessorize themselves; and since India is a religious, cultural yet fashionable place, customized jewelry businesses in India are sure to grow. You can invest in buying a small jewelry-making kit and create necklaces, earrings, and bracelets that are uniquely designed for each of your customers. Creativity and a good marketing tactic are two overwhelming factors that will determine if you will succeed or fail.
- Greeting Cards
Special occasions happen all year round in India, thus the constant need for greeting cards. Even the advent of online greeting cards has not in any way decreased the demand of print greeting cards; as humans love appreciate and connect more with tangible materials. You do not have to invest much of your cash for this kind of business; all it takes is creativity and resourcefulness. Unleash all your creative juices and try to make cards with attractive designs and patterns.
Most people believe that they need thousands or millions of dollars in startup capital to open a restaurant but you do not really need to spend much, especially if you already own a small space that can be turned into a canteen. You just have to buy the ingredients that you will need to whip up your menus for each day.
Menus do not necessarily have to be top-of-the-line; you can begin with simple recipes. Remember that food is a basic need of man and humans must eat regardless of the economic or whatever situation. A point of note is that your business must be built on the foundation of exceptional customer services.
- Thrift Shops
These are one of the businesses that are sure to become very profitable. Many people like buying second-hand items because they are affordable and fit their budget. Aspiring entrepreneurs in India can sell second-hand items like clothes, bags, and accessories for low prices.
- Rental Services
If you have a car or an extra room in your house or building, then renting them out to other people can earn you money. This would make you reap huge profits, because you do not need to shell out cash as a business capital.
Almost everyone owns a digital camera, so you can use can also use this gadget to generate a steady source of income. Rush ID services are often sought for, especially in cities, so you can take advantage of this.
- Wooden Furniture making
If you are skilled in handicraft, then you can surely earn huge amounts of money from this kind of business. You can create and design wooden furniture at an affordable price for the residents of your community just the way they want it to be. A good relationship with residents of your neighborhood is a recipe for success in this business.
Creativity really pays off and pays well. People love decorating their homes with vases, chimes, figurines, and other things that can beautify houses. You do not need to buy expensive products like these, but you can improvise and design your own and sell them at low prices.
If you are gifted with an artistic talent, then let it shine by creating paintings for the people in your community. Not only will you be able to express your artistic side, but you would also get paid for it.
Top 10 Small Business Investment Opportunities in Delhi, India
What are the best small business opportunities in India? What are the best investment opportunities in cities such as Pune, Delhi, Bangalore, Hyderabad, Chennai, Mumbai, Kolkata, Combaitoire, etc. Are you interested in starting a business in India and you seek information on the best franchise business opportunities in India? Then I advice you read on.
There’s no blanket formula for becoming a successful entrepreneur. But your chances of achieving success would be brighter if you have a knack for identifying potential gold mines and analyzing them extensively. India is one of the fastest growing countries in the world. And the fact that the country is undergoing rapid development has opened the door of opportunities to investors. So, if you are finding a good business to explore in India, then below are the top 10 small business opportunities for you.
With an annual increase in the number of tourists that storm India, this sector is a booming industry that entrepreneurs should focus on. India has a diverse culture and rich heritage. In addition, there are beaches, hill stations, heritage sites, wildlife, and rural life. So, the country has virtually everything foreign tourists are looking for and has a lot to offer tourists.
However, the tourism sector in India is still poorly organized, as the country lacks trained professionals in the tourism and hospitality sectors. Because the demand continues to grow with each passing year, any business in this sector will thrive in the long term.
Recording a 26% increase in domestic sales in 2010, the automobile industry in India is the world’s second fastest growing automobile market after China. This staggering statistics drive home the fact that India is a hot spot for automobiles and auto-components and a potential sector for entrepreneurs. In addition, India is one of the world’s largest manufacturers of small cars with a strong engineering base and expertise. So, entrepreneurs have many segments of this industry to focus on.
India is well known for its textiles. In terms of apparels, each state in India has its unique taste and fashion sense. And due to the increasing demand for garments, India is more than likely to grow into a preferred location for textile manufacture. Already, places like Ludhiana and Tirupur now have manufacturing companies that produce textiles for export. But there are still more than enough opportunities for investors. All you need is a better understanding of the market as well as customers’ needs.
With one of the world’s largest pool of software engineers, India’s software and services exports are likely to rise with export revenue growth projected at about 15% to hit about $60 billion by 2014. So, Indian entrepreneurs can set higher targets in hardware and software development.
ICT enabled services have contributed immensely to the growth of India’s economy. More companies are outsourcing contracts to Indians, and more business-to-business solutions are required with each passing day. So, entrepreneurs can capitalize on the increasing demand for these services.
15. Engineering goods
With an annual growth rate of 30.1%, export of engineering goods is one of the fastest growing businesses in India. The government in India has set a target of $110 billion by 2014 for total engineering exports. So, the booming demand for products from the Indian engineering industry is worth capitalizing on by entrepreneurs.
16. Food processing
Agriculture is one of India’s strongest sectors. But inefficient management, lack of infrastructure, and losses of food grains and fresh produce due to proper storage facilities remain huge threats to this sector. If you have a knack for agriculture, and you can add value with proper management and marketing measures, then you have many opportunities in the agriculture sector. Processed foods are always in high demand, be it fast food, packaged food, or organic food. Same runs true for fresh fruits and vegetables. And there are export opportunities as well.
17. Traditional medicine and Ayurveda
India is well known for alternative medicine; herbal, homeopathic, and ayurvedic medicine. With the increasing awareness about the harmful side effects of orthodox medicine, there is (and there will always be) a huge demand for natural medicines and remedies. So, if you are interested in natural therapy, you can make real money off of that in India. Homeopathy, ayurveda, and herbal medicine are the three branches in particularly high demand.
18. Organic farming
For a very long time, organic farming has been the major agricultural practice in India. With the increasing awareness about the harmful effects of agricultural products developed with fertilizers and other chemicals, the demand for organic products keep increasing, especially in developed countries. Many Indian farmers are practicing organic farming on a small scale, but this hasn’t met the huge demand for these products. This offers huge opportunities for those who can promote organic farming on a large scale.
19. Energy solutions
India is a power-starved country, and there’s a pressing need to develop cost effective power saving devices. And there’s a booming demand for cheap sustainable energy saving devices. Presently, the government of India is focusing on boosting solar power generation in the country. So, there’s a huge business opportunity for entrepreneurs in the energy sector, especially in solar energy.
Like the software sector, biotechnology opens up huge opportunities for entrepreneurs. Biotechnology can be applied in a wide range of fields including horticulture, sericulture, poultry, agriculture, and production of foods and vegetables. If you have a background in biotechnology and would like to start a related business, India is certainly a fertile ground.
Top 10 Small Business Investment Opportunities in Kerala, India
What are the best small business investment opportunities in Kerala India? What are the best business ideas to start in Kerala? Well, I advice you read on to find out.
Kerala is an Indian state with huge business potential. In recent time, the region has created some of the world’s best properties and marketed some of the world’s best offerings. Tourism remains the major sector in Kerala. According to National Geographic Traveler, Kerala is one of the top 50 destinations of a lifetime and one of the 13 paradises in the world. The region is best known for the incredibly rapid pace at which it grew and attracted worldwide attraction.
The State of Kerala made a total earning of 6 billion rupees from tourism in 1985, but the figure shot to 110 billion rupees in 2009. Also, about 52,000 tourists visited Kerala in 1987, but the figure spiked to about 600,000 in 2009. These staggering figures show that Kerala is a center of huge tourist attraction. As of present, the tourism sector in Kerala attracts about 10 billion rupees investment annually and provides employment to over 1 million people.
Investment Opportunities for investors
Because tourism is the mainstay of Kerala, there are huge opportunities for investors in the tourism sector. If you are looking to start a business in Kerala, you have a wide range of options to choose from. But ensure that your chosen business is related directly or indirectly to tourism. So without wasting time, below are the best business opportunities in Kerala:
The emergence of Kerala as one of the world’s most preferred holiday destinations for domestic and international tourists has drastically increased the demand for five-star accommodation. The Government of India has stipulated policies to encourage native and foreign investors to explore the booming opportunities in Kerala. So, building a five star hotel in that region is a smart business move that will bring huge profits in the long term.
There is a booming demand for five-star restaurants in Kerala for the same reason five-star hotels are in huge demand. Of course, throughout the course of their stay, tourists have to eat. And their meals have to be fun. So, they will readily pay to get this necessity. If you have no problems with running a restaurant, here’s a golden opportunity.
23. The Vashiyoram project
This is a project that seeks to provide travelers to Kerala with a mix of high quality services including restaurants, mini shopping centers, rest rooms, paid toilets, and so on. Stakeholders in this project will share from the profits at the end of each year depending on what fraction of the total project is their investment. So, if you have some assets or money, you can contribute to the Vashiyoram project. There are skilled hands to manage the project. So, you have nothing to worry about.
24. Paid toilets
If you are on a low budget, and you want to tap from the “juice” that Kerala extracts from tourists, you can build or erect a mobile toilet and receive payment each time it’s used.
25. Shopping center
One thing tourists would always do whenever they are on vacation is buy something. They love to buy things that catch their attention and cannot be found in their home locations. So, starting a shopping center – small or big, depending on your budget – is another surefire way to make money off of the tourists that flock Kerala each year.
26. Health tourism
Being one of the most connected Indian states, Kerala promises to make it big on the health tourism sector. Although there are some excellent health facilities in Kerala, especially in Thiruvanathapuram, Kozhikode, and Kochi, more are still needed to meet the booming demands by the ever-increasing tourists. So, if you have a background in healthcare, here lies a good opportunity.
Kerala’s unique selling point in health tourism is the practice of authentic Ayurveda, as most of the reputable Ayuveda institutions are situated in the state; and they have a strong impact on the healthcare of the people. Now, Ayurveda is being rejuvenated and offered as a form of alternative therapy in the excellent healthcare facilities available in Kerala. And this has increased the interest of tourists in this form of natural medicine. So, there are booming opportunities in Kerala for Ayurveda specialists.
28. Home stays
Many visitors to Kerala prefer home stays to hotels because home stays give them the feel of home miles away from home. Since they are easier to build than hotels, investors consider this option.
29. Tourist guides
When tourists arrive in Kerala, it takes them some time to settle down and adapt to the conditions in the place. These tourists settle down faster and better if they are welcomed and directed by tourist guides. If you know the ins and outs of Kerala, and you love meeting people, you can make a lot of money off tourists by working as a guide in Kerala.
30. Hand-made craftworks
Hand-made works of art symbolize the rich heritage of the people in a country or region. For this reason, they are always unique. Many tourists buy hand-made craftworks when they go on vacation because these artworks serve as mementos. So, if you are a native of Kerala or you have in-depth knowledge of Kerala’s art, here’s a golden opportunity for you.
In conclusion, these are the top 30 small scale business ideas in India that you ought to try. Please bear in mind that these top 30 small scale business ideas in India is a product of an in-depth research we conducted; so they are almost guaranteed to give you steady sources of income and make you earn reasonable amounts of profit.