Have you been thinking about beginning a manufacturing business in Odisha and looking for ideas with low investment? Your search ends here. Odisha is a state which is full of resources and progress in the construction industry offers bright prospects for potential entrepreneurs. This detailed article will discuss 25 profitable business ideas in Odisha that can be initiated with low investment in 2024.
Why Choose Odisha for Your Manufacturing Business?
Succeeding in its quest to be a manufacturing hub, Odisha has:
- Got sufficient raw materials
- Access to semi-skilled and skilled labor
- Access to more improved facilities than previously
- Implementation of friendly policies regarding MSMEs by the government
- The region is export-oriented.
Let us now move on to 25 low investment business ideas in Odisha and discuss its key opportunities and market trends.
Top 25 Manufacturing Profitable Business Ideas In Odisha
1. Handloom Products Manufacturing
- Investment: ₹50,000 – ₹2,00,000
- Trending Products: Sambalpuri sarees, sustainable fashion items
- Why It’s Profitable: The handloom industry has earned its place in history and continues to get great regard in the state. With the increase in the propagation of the sustainability theme, traditional handloom products are readily available for use on all occasions and they are preferred by both the local and foreign markets. Export markets have started to appreciate the wonderful works and green fabrics from the state of Odisha.This the best profitable business ideas in Odisha
2. Spice Processing Unit
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Organic spice blends, export-quality turmeric powder
- Why It’s Profitable: The eastern state of Odisha is well known for the production of quality spices. Opening a spice processing unit will cater to the increasing supply of organic, non-GMO spices in India and abroad. As such the healthy products trend is fuelling an insatiable demand for organic.
3. Bamboo Products Manufacturing
- Investment: ₹50,000 – ₹1,50,000
- Trending Products: Eco-friendly furniture, bamboo straws
- Why It’s Profitable: Because of the global trend of environmental conservation, many people are leaning towards using bamboo products. Kitchen wares to furniture, bamboo has a vast range of products which are eco-friendly and have a good demand in the market.
4. Food Processing Unit
- Investment: ₹2,00,000 – ₹5,00,000
- Trending Products: Ready-to-eat traditional Odia snacks
- Why It’s Profitable: The demand for ready to eat snacks such as local snacks has been on the rise. Traditional food products in Odisha such as pickles and dry snacks as well as sweets are available for processing and selling not only within India but also globally through the online services.
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5. Clay Products Manufacturing
- Investment: ₹30,000 – ₹1,00,000
- Trending Products: Designer earthen products, eco-friendly cookware
- Why It’s Profitable: As the public becomes more aware of the state of the environment, the need for eco-friendly products in the kitchen also increases. Clay products such as designer clay pots are not only used for decorative escapades but also for their functionality especially in the contemporary kitchen space.
6. Herbal Products Manufacturing
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Ayurvedic supplements, natural cosmetics
- Why It’s Profitable: The wellness industry is at its peak, and it seems as if more and more consumers are opting for natural alternatives. This includes herbal cosmetics, dietary supplements, or even body care products which happen to be the leading sales categories.
7. Coconut Product Manufacturing
- Investment: ₹75,000 – ₹2,00,000
- Trending Products: Virgin coconut oil, coir products
- Why It’s Profitable: Coconut-based products are versatile and in demand, from beauty products to home essentials like coir mats. Odisha’s abundant coconut plantations make it a viable industry with great export potential.
8. Paper Products Manufacturing
- Investment: ₹1,50,000 – ₹4,00,000
- Trending Products: Recycled paper products, biodegradable packaging
- Why It’s Profitable: Biodegradable packaging materials are being embraced by companies as an alternative, with the recent outbreak of a ban on plastic packaging, especially single-use plastics. There is a great market prospect in the production of paper-based containers.
9. Brass and Bell Metal Products
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Modern home decor items, traditional utensils
- Why It’s Profitable: There are some very talented metal craftsmen in the state of Odisha. The brass and bell metal crafts based industries are on a revival mode as there is a rise in demand for decorative items that are artistic and hand crafted.
10. Coir Product Manufacturing
- Investment: ₹50,000 – ₹2,00,000
- Trending Products: Coir mattresses, geo-textiles
- Why It’s Profitable: Coir items are non toxic and can be used extensively in interior design as well as in the building industry. Coir geo textiles are specifically used in the construction industry for erosion control.
Project report: Start Business Ideas in Odisha
11. Agarbatti Manufacturing
- Investment: ₹25,000 – ₹1,00,000
- Trending Products: Premium incense sticks, organic varieties
- Why It’s Profitable: The incense stick market is quite steady, with demand always coming from homes and temples. Focusing on organic or even aromatic varieties will enable you pursue both the local as well as foreign markets.
12. Palm Leaf Products
- Investment: ₹20,000 – ₹75,000
- Trending Products: Eco-friendly plates, decorative items
- Why It’s Profitable: With palms turning to sustainable ways of doing business, as the world is going green, palm leaf plates and packaging has found a good market enhancing business ventures.
13. Textile Printing Unit
- Investment: ₹2,00,000 – ₹5,00,000
- Trending Products: Digital printed fabrics, custom designs
- Why It’s Profitable: Fashion is an industry that is totally dynamic, there is the introduction of digital printing which makes it possible to supply any customized or special designs of fabrics without limits.
14. Jute Products Manufacturing
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Designer bags, home furnishings
- Why It’s Profitable: The world is going plastic-free and so the usage of jute bags and jute products is on rise both in the domestic as well as international markets.
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15. Rice Mill
- Investment: ₹5,00,000 – ₹10,00,000
- Trending Products: Organic rice, specialty rice varieties
- Why It’s Profitable: In India rice is a common source of food and the need for organic rice types and exquisite types of varieties is fast growing. A locally available mini rice mill would also be useful for export purposes.
16. Sal Leaf Plate Manufacturing
- Investment: ₹50,000 – ₹1,50,000
- Trending Products: Disposable eco-friendly plates
- Why It’s Profitable: Sal plates developed from the sal tree leaves are environmentally safe which explains their high usage in events and restaurant businesses.
17. Stone Carving Products
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Modern sculptures, architectural elements
- Why It’s Profitable: The state of Odisha is renowned for its skill of carving stones. In today’s luxury markets, modern sculptures, and architectural carvings have become highly lucrative lines of business.
18. Cashew Processing
- Investment: ₹2,00,000 – ₹5,00,000
- Trending Products: Flavored cashews, organic varieties
- Why It’s Profitable: The cashew industry in Odisha is booming. And as the consumption of premium snacks increases, flavored and organic cashews is a great business to venture into.
19. Honey Processing
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Organic honey, specialty varieties
- Why It’s Profitable: Honey is a widely accepted natural health remedy and has a ready market. It would be important to note that the honey processing unit will be very profitable.
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20. Paper Bag Manufacturing
- Investment: ₹1,50,000 – ₹3,00,000
- Trending Products: Custom printed bags, biodegradable packaging
- Why It’s Profitable: Increased adoption of organic substitutes for plastics has translated into the increased need for packaged products from other polymers leading to profitable paper bag businesses.
21. Packaged Drinking Water Unit
- Investment: ₹3,00,000 – ₹8,00,000
- Trending Products: Mineral water, flavored water
- Why It’s Profitable: The current market also responds to the demand for clean drinking water and flavored water which presents a viable opportunity. With appropriate marketing strategy in place, this presents a very great business opportunity.
22. Coconut Shell Craft
- Investment: ₹50,000 – ₹1,50,000
- Trending Products: Home decor, kitchenware
- Why It’s Profitable: Coconut shell craft is an art that has very few practitioners yet there exists demand for beautiful home ware made from coconuts.
Read this Market Research Report
23. Pickle Manufacturing
- Investment: ₹50,000 – ₹1,50,000
- Trending Products: Traditional Odia pickles, organic varieties
- Why It’s Profitable: As there is a movement and demand for homemade and organic foodstuff products, the establishment of a pickle making unit can be a business opportunity that can bring good returns especially when promoted effectively in social media.
24. Woollen Products Manufacturing
- Investment: ₹1,00,000 – ₹3,00,000
- Trending Products: Hand-knitted woolen garments, accessories
- Why It’s Profitable: Woolen products are widely demanded especially hand knitted ones during the winter seasons in both the local and export markets.
25. Candle Manufacturing
- Investment: ₹30,000 – ₹1,00,000
- Trending Products: Aromatic candles, decorative pieces
- Why It’s Profitable: The candle making business has been on the rise and it is due to the increase in the home decor and wellness products. The scented and the ornamental candles are of particular high demand.
Youtube Video: Best Profitable Manufacturing & Processing Business Ideas in Odisha (Orissa).
Conclusion
The continuous expansion of the infrastructure, resource availability, and useful government policies propel Odisha as a region that harbors great potential for small-scale business idea. Depending on the markets, which are available both domestic and foreign and that can be accessed with low investment ideas, one can venture into profitable businesses. It doesn’t matter if your love is for making handloom products, using green materials, or food processing, success is achievable in Odisha.
Seize these prospects in addition to government stimuli in readiness for a successful business in 2024!