Want to know manufacturing business ideas? Well you have landed on the right article. Would you like options for starting a company with less investment? Some people do not have large budgets
But wish to start a manufacturing company or do something of their own. In this situation, however, their next thought is what kind of manufacturing can be done on a small scale?
The cost and risk of starting a booming business are both high. Small-scale businesses, on the other hand, require fewer funds and involve fewer risks.
The best thing to do is to start small and expand once you begin to earn revenue. A reported 12% of the workforce in India is employed in the manufacturing sector.
Approximately 16% to 17% of its GDP is generated by this sector, according to a study from 2014. During the next five years, the contribution of the manufacturing sector to the Indian economy is to be increased to 25%.
In India's various sectors, such as food, fashion, basic amenities, leisure, and more, the government is promoting the best manufacturing business ideas.
This has led to a constant increase in India's manufacturing business. An exhaustive list of the most promising new manufacturing business ideas in India has been compiled.
Our Top Picks
Manufacturing Business Ideas (2022)
Advantages and disadvantages of Manufacturing businesses
Advantages
As part of a campaign dubbed Make in India, Indian manufacturers are being steered in the right direction and huge investments are being made in that sector.
India will become even more attractive as a manufacturing destination, improving its ability to meet some of the challenges outlined in this article.
The Indian legal system is based on the English common law system, which is an answer to the question of how similar the US legal system is.
Although there are some regulatory hurdles in the process, people from common law countries (like the US) will find it easier to understand the whole system, as it is similar to theirs.
Labour costs in India are very competitive, even in comparison with China, where manufacturing labour is very expensive. It is estimated that the cost of manufacturing labour in India in 2014 was $.92 per hour and the cost was $3.52 per hour in China.
Although the cost for this program appears to be significantly lower than the cost of a similar program in the United States, it is vitally important that you take into account the higher and more expensive costs associated with transport, power, and water in India.
Disadvantages
Manufacturing in India has been hampered by the lack of sufficient power that exists in the country. Since power does not typically run 24 hours per day, productivity and efficiency can be significantly reduced, as well as output rates, as a result.
In addition, it is normally very expensive to obtain power. Transportation and logistics are expensive and fragmented in India, which makes them slow and expensive.
Many places in India are far away from the coasts, so it may take weeks for the products to reach these areas. Logistical problems also plague the country. In India, the government is aware of this problem with its infrastructure and is working to fix it.
Despite being near the coast, Indian ports are not being utilised to their full potential. India has a lower level of labour productivity than many competing manufacturing countries. Several factors have contributed to lower labour productivity in India,
Including poor planning, poor supply chain management, and poor transportation and maintenance. The manufacturing productivity in India can also be affected by extended Indian holidays (festivals and celebrations).
Manufacturing Business Ideas
1. Garments Or Clothes Manufacturing Business
Cotton and silk are two of India's most famous fabrics. Consider you live in a region of India with excellent cotton or silk production,
Or you have a good place to buy the quality raw materials needed for garment manufacturing.
The best idea would be to go into the garment business or clothes manufacturing business.
A closer location to raw material sources and import or export hubs is necessary to open a garment or clothes manufacturing business.
The manufacturing business idea that you find on this page means that with an investment of at least 6k, you can start it or use it on a small, medium, or large scale, depending on where you want to put your money.
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2. Wooden Or MDF Furniture Manufacturing Business
Indian furniture markets are predicted to increase by 12.9% CAGR during 2020-2024, according to a recent report.
In order to become a profitable manufacturing business in India, it would be wise to enter into a wooden furniture manufacturing business in the future.
Beautifully designed furniture is in high demand. Furniture is essential to creating a beautiful interior in today's world.
India's growth prospects are excellent and the business also has good export potential. It is important to have a well-ventilated workshop and an experienced team of carpenters and architects to start a business that manufactures wooden, MDF, or particleboard furniture.
As each of us needs a table, chair, bed, sofa, etc., it is an essential item for households, schools, and even businesses. It can therefore be a great idea to start a small furniture business.
It depends on the type of wood you use and the type of products you manufacture, but you would need a capital of 1 to 5 lakhs to start this business. You can only earn the right clients if you work hard, offer good quality products, and charge a fair price.
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3. Disposable Cutleries Manufacturing Business
Recently, the demand for takeaways and food joints has grown tremendously. Disposable cutlery has also seen a growth in popularity.
In order to raise the quality of food delivery, these establishments are looking into ways to introduce disposable cutlery
Such as paper napkins, cups, spoons, forks, plates, and bowls that are high-quality but economical.
It is therefore profitable for India to invest and plan to manufacture disposable cutlery. Start a disposable cutlery manufacturing business by establishing a manufacturing plant, finding a reliable power source, managing your employees, and going overseas.
There is a minimum investment requirement of about 1,50,000 Indian rupees.
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4. Fashion Or Precious Jewellery Manufacturing Business
The jewellery industry in India is among the most profitable, just like the clothing sector. Handmade or unique pieces of fashion or jewellery are more popular today.
If you are talented in designing jewellery and want to develop a marketing approach that will maximize profits and returns,
You may want to start a jewellery manufacturing company.This business venture can be started by finding a quality supplier or manufacturer of fashion jewellery pieces.
This will enable you to launch a precious jewellery manufacturing business. In order to manufacture precious jewellery items, you'll need to work with a trusted and certified gold, silver, and platinum seller.
In addition, there are precious stones such as diamonds, pearls, sapphires, topaz, quartz, and more that you will need for manufacturing precious jewellery.
An investment of around 6000 INR can be sufficient for starting this as a small manufacturing business idea, or a substantial investment of about 5,000 INR or more can be required for a medium to large scale manufacturing business idea.
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5. Candle Manufacturing Business
The Indian market is experiencing rapid growth in the demand for candles. In recent years, there has been an increased interest in other types of candles,
Including aromatherapy candles, tea lights, decorative candles, aromatherapy candles, and others for different occasions.
Research and market surveys should be conducted with a systematic and detailed approach.
Starting a candle manufacturing venture from your home can be an opportunity to shoot the demand for it internationally.
Candle manufacturing is a great business to start if you have a well-ventilated manufacturing space, a trustworthy raw material supplier, and a well-defined product line.
The initial investment needed to start this small-scale manufacturing business is around 11,000 INR.
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6. Paint Manufacturing
Paint is any liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film.
Objects are typically painted or covered with it to provide colour, texture, or protection. It is possible to buy or make paint in a wide variety of colours,
as well as in many different types, including watercolour, synthetic, etc. A paint typically begins as a liquid and is sold, applied, and stored as a solid.
A factory needs to be set up to start this business, so a minimum investment of Rs. 5,00,000 is needed.
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7. Cement Manufacturing
Precast solid cement concrete blocks are known as concrete blocks or tiles. Both residential and industrial buildings have been built in India,
As well as bridges, malls, and industries. In the past, red bricks were popular, but now the concrete bricks have become popular because of their look and durability.
Using these readymade concrete blocks helps builders complete their projects on time since they are ready-made.
A factory needs to be set up to start this business, so a minimum investment of Rs. 5,00,000 is needed. A simple machine and raw material are all you need to start this business. It requires little investment, has high demand, and can generate huge profits.
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8. Chemical Production
In today's world, there are hundreds of thousands (if not millions) of aspiring entrepreneurs who are eager to start their own small-scale businesses.
One of the attributes of chemical businesses is their potential for exportation. The Indian chemical industry contributes approximately 7% of GDP to the economy,
making it one of the most important industries. Chemicals have a wide range of effects on the lives of people.
Human civilization cannot function without these garments or drugs,whether they are worn by people or consumed by them. In addition to chemical manufacturing, many other downstream industries, such as textile manufacturing and food processing, have significant links with the chemical industry.
The minimum investment to start this business is Rs. 5,00,000 as this business needs a plant setup.
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9. Drug Manufacturing
The manufacture of drugs is also known as the manufacture of pharmaceuticals.
To develop a drug formula, you will need to do a great deal of research and development.
It is possible to start a business in this area if you specialise in it, if you have a thorough educational background in pharma, or if you have experience in it.
The process of getting approval or licensing for drug manufacturing is not easy. Investment is really harsh and you would have to invest a minimum of Rs. 10,00,000 to start this business.
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10. Engineering Tool Making
Tooling used in the production of products is considered engineering tooling. Creating tools begins with making suitable dies or moulds.
Following the creation of a die, mass production can begin. Fabrication tools can be purchased to create tools.
Creating tools is a really expensive business, and it takes huge investments to start, with a high potential for growth in the future.
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11. Rice Mill
The next big investment opportunity will be in rice mills. This will give us the possibility of capturing a large market both in India and abroad.
Rice is an important source of nutrition for most of the world's population. For the establishment of this business, you will need to go through a series of approvals.
The first thing you are going to have to do is acquire and install all the machinery for the rice mill.
A Rice mill requires a large investment but has the advantage of being highly scalable.
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12. Sugar Mill
A sugar Mill is one of the great business ideas that are suitable for large scale manufacturing operations.
Sugar is the by-product of sugar cane cultivation. Canes are crushed and white sugar is produced using machines to crush the canes.
Setting up a sugar mill will require you to setup large machinery. This requires a heavy investment of Rs. 10,00,000, but has a high scalability potential too.
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13. Steel Pipes and Tubes
Welders or special processes are used to manufacture steel pipes and tubes. As a first step in making steel pipes of a larger size,
You need to prepare a drawing and dimensions of the steel pipes. As soon as the dimensions are ready
You can proceed with welding with a special process or use machinery to manufacture the pipe in bulk.
To start this business and produce in large quantities, you will need an investment of Rs. 50,00,000 to get started. Due to the nature of this business, it cannot be scaled up.
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14. Pumps and Pumping Machines
Both industrial and domestic use of electrical pumps can be found. These pumps are commonly used to generate pressure that can be used to pull water or other liquids.
There is a great deal of research and development that goes into the manufacture of pumps in order to produce new products.
If you do not have any expertise, you might want to think about a technology transfer program.
It is a huge investment, to begin with, but can be scaled up with similar earnings.
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15. Hoses and Hose Fitting
Whenever you are dealing with hose and hose fittings, the first step is to determine the size.
Standard sizes are the most common sizes. If you want to make hose fittings by hand, you can use machines.
However, you may also want to consider starting a business to manufacture hose accessories.
This business is not easily scalable and will require substantial investments to get off the ground.
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16. Rubber and Rubber products
In addition to rubber floor mats, rubber auto parts, rubber parts, rubber gaskets, and rubber industrial products, rubber can be used for a variety of other products as well.
Rubber is usually produced from tree latex or rubber tree sap. In order to make rubber products,
you need to process them according to your requirements using machinery. Substantial investment is required and profit margin is less,
But volume can be a lot more churning out huge scalability and profit.
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17. Industrial Engineering Goods
Pipes, couplings, ladders, fabricated small products, large-scale machinery, as well as capital goods
Such as transport machines and capital goods are all parts of industrial engineering. Industrial engineering has its rewards.
There is, however, a substantial investment that must be made to enter into this business.
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18. Conveyors and Transmission Belts
Pulleys are generally used to drive conveyors and transmission belts. Generally speaking, rubber belts are used for conveying and transmission.
The production of conveyor belts is done with the use of specialised equipment. It requires a huge investment but the profit in this business is really huge.
19. Plumbing Fittings
An excellent business option in the plumbing industry is fittings. If you are planning to manufacture plumbing and fittings, you will require special machines.
In order to establish this kind of business, you will need to invest a great deal of money and time. The profitability and scalability of this business are very high.
20. Water Filter and Filtration Systems
One of the most lucrative and complicated business options is selling water filters or filtration systems.
To make your own filter system, you will need to do a lot of research before you start this business.
Other than water filter, RO systems are also used extensively in industrial and domestic use.
This business has a moderate investment and has a very high potential for growth.
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21. Automotive Parts
India is a country with an incredibly flourishing automotive industry as almost all automobiles require spare parts to assemble them.
There is a possibility that you can earn huge profits from automobile manufacturing if you become a giant in this field.
The initial investment in this business must always be small, as it wouldn't require too much capital and would also require less labour.
You can expand and convert a market once you make one into a large-scale operation once you make a market. In order to start this business, you will need high-tech machines and a lot of space; thereby, you will need a capital of about 5 lakhs to 10 lakhs.
As you will be more likely to avoid dead stock by producing those items which are needed on a regular basis, you should focus on those products.
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22. Plastic PVC products
There are a number of industries that use plastic PVC products. The manufacture of plastics made from PVC is a small-scale business
That can easily grow to a large-scale enterprise. Getting started in this business should be done after conducting proper research.
It is still worth investing if you have enough expertise to invest between Rs. 5lakh to Rs. 10lakh.
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23. Adhesive pressure-sensitive tapes
There are a number of processes in the industrial sector that use adhesive pressure sensitive tapes.
They are made up of different adhesives and raw materials that are used to make them. Creating these types of tapes requires the use of specialised machines.
For this business to succeed, you will have to invest anywhere between Rs. 10 lakhs and Rs. 20 lakhs on machines.
It is a highly profitable business that is scalable and offers good margins.
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24. Storage Tanks, Drums and Containers
Tanks and drums are widely used for storage purposes, not only in the industrial sector as well as the home market.
This business is highly scalable, so you need a lot of budgets to begin. It is a highly scalable business, so you need a lot of space to do it.
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25. Concrete Block Manufacturing
India has been experiencing a boom in the construction business due to both residential and commercial projects such as bridges, malls, and factories.
Concrete blocks or tiles are precast solid cement concrete products. For a couple of years, red bricks seemed fashionable,
But now people are using these concrete bricks because of their goods looks and durability of these bricks.
Another reason why builders use these concrete blocks is because they are readily available in the market, which helps them finish projects in shorter time frames.
There is presently a high demand for concrete blocks in the construction of garden paths, pavements, floors, and walls. They are easy to make, and can be started by anyone by using simple machinery and raw materials.
They are inexpensive, and the profits are high.
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Conclusion
Starting your own manufacturing unit is one of the best decisions ever. We have provided you with a detailed guide on the top 25 manufacturing units to start in India to earn handsome profit and perks.
Planning is an important asset to starting a new business and you should research on these ideas and plan your business model to avert failures.
We hope this article will motivate you to start your own manufacturing business and scale it to new heights. We hope to see you succeed. What are you waiting for start this business today!
Frequently Asked Questions
Q1. Which manufacturing business is most profitable?
Ans. The coconut oil manufacturing business is the best manufacturing business to start as you can earn a decent profit as this business has a decent profit margin per sale.
The plus point is that coconut is really popular in religious festivities and in summers that you can scale the business to new heights.
Q2. Which is the best manufacturing business to start?
Ans. Plastic Bottle manufacturing is one of the best business models that is highly scalable as the demand for bottles grows exponentially. You can even get long term contracts and achieve greater profits in bulk by selling the plastic bottles.
Q3. Is the Indian market a promising market for manufacturing businesses?
Ans. India offers a wide range of business opportunities. Natural resources, high-quality food products, raw materials, and convenient business and trade routes make the country a desirable place to do business.
Additionally, India is one of the best-connected countries in the manufacturing world, which makes it a highly sought-after market.
As part of the Make in India concept, the Indian government encourages entrepreneurs and start-ups to grow their manufacturing businesses in India.
Q4. Is a manufacturing company profitable?
Ans. Yes, a manufacturing company can be easily profitable and requires a decent knowledge and planning to begin with. With good business ideas and planning, you can easily make the business profitable and lucrative.
Here are the best Manufacturing:
