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Business

What are the most profitable small scale manufacturing businesses

Have you been looking for some lucrative business ideas in Delhi or Jaipur or whichever city you are in? Well don’t worry we have come up with a list of some of the best manufacturing business ideas that you could start from any state:

Coconut oil is used by varied industries for different purposes and in a variety of industries such as food, pharmaceutical, cosmetic and chemical industries. Its oil is used as edible oil and is good vegetable oil. Coconut oil can also be used for industrial purposes. Some of the important ones include culinary, cosmetic and medicinal. Coconut oil has a wide consumption in India as well as in many other countries like the US, Singapore, Indonesia, Sri Lanka and Malaysia.

You can set up an automated manufacturing unit with machinery costing around Rs.10 lakhs. You will need at least 250 sq feet of space and a maximum amount of Rs.25 lakhs as start-up capital to start this business.

  • Jaggery Powder and Cube

Jaggery powder and cubes are manufactured by crushing and grinding jaggery. Its powder is used at home in the preparation of sweets, desserts and dishes like halwa. Jaggery cube is big size jaggery that is used by hotels and restaurants in bulk quantity to make sweet dishes.

  • Dairy Products Processing

Dairy products processing includes the making of dairy products such as milk products, ice cream, butter, cheese etc. The dairy industry offers large scale business opportunities for entrepreneurs interested in setting up dairy products processing units.

  • Nail Polish manufacturing

Nail polish manufacturing is a very profitable small scale business idea for women entrepreneurs. Even you can start this business on a small scale with low investment. Nail polish is one of the essential cosmetic items for women across the world.

The global nail polish market has grown at an annual growth rate of more than 3.0% over the past five years and is expected to grow over 4.3% over the next five years. The market size of nail polish in the U.S was $837 million in 2017 and it is expected to reach $1,031 million by 2023.

  • Wooden packaging cases

These are used by a variety of industries to pack and ship their products. To start this business, you will need around Rs.30 lakhs of investment for purchasing the required machinery and equipment.

You will require another Rs.10 lakhs if you are planning to rent space for the manufacturing unit. This business demands ample experience in woodworking or joinery work along with sound knowledge about working with wood processing machines like a band saw, circular saw, planer, etc

  • Soaps and Detergent Manufacturing

It is a very low investment business and can be started easily. It has immense business potential with high returns on investment. As many people are looking to start their own business, the manufacturing of soaps is a profitable venture. Soap is a daily used item and will always be in demand. People will not stop using soaps as long as dirt and germs exist in our society. So, it is a good idea to start a soap manufacturing business.

  • Biscuit Manufacturing

Biscuits are the favourite snacks of all people, especially children. They are consumed daily by almost all families either during breakfast or tea time or while travelling, etc. Biscuits are also consumed by offices, schools, hospitals, etc. It is one of the largest selling food products in India and has huge market potential. It is a perfect item for starting a small-scale manufacturing business as it requires very little labour and time to manufacture compared to other items like pickles, papad, jam, sauce, etc. This is also one of the most profitable manufacturing business ideas in India because of the large customer base.

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