49 MSME Manufacturing Business Ideas Upto Rs 80 Lakhs

Starting an enterprise under the MSME (Micro, Small, and Medium Enterprises) sector would not only benefit the entrepreneur, but the economy, too. If you are trying to invest in a manufacturing business ideas, this is why it can be a profitable venture:

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Why Start an MSME Manufacturing Business?

1. Economic Development: MSMEs are the maximum job providers and contributors to economic development and technological advancement.
2. Low Capital Investment: They require less investment when compared to large industrial units.
3. Government Support: There are numerous government tax incentives, subsidies, and loan schemes available for MSMEs.
4. Market Flexibility: MSMEs fit in market trends and demands quickly.
5. Local Employment Generation: It generates employment in regions where large industries do not exist.
6. Encouraged Experimentation: Manufacturing businesses generally have several experimental ideas and technologies.
7. Skill Development: Effective real-world experience and industry exposure are gained.
8. Individuals Satisfaction: As business owners do their production units, they are allowed to be independent and have a direct influence in the world.

Starting up an MSME manufacturing business requires very thorough planning such as market surveys, legal documents, dispensations, and also formulating efficient production processes. Here are 49 manufacturing business ideas that require up to Rs 80 Lakhs to start. 

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49 Profitable MSME Manufacturing Business Ideas

There are several possible advantages of starting an MSME manufacturing business. These also cover the risk and possible disadvantages. Hence, conduct extensive marketing research for a robust organization plan, and prepare to work towards business excellence. The following are 49 manufacturing business ideas for the micro, small, and medium enterprises that can be ventured by a new entrepreneur, investing between Rs.8 Million and Rs. 80 Lakhs:

1. Garment Manufacturing: A clothing line answering a very specific niche market.

2. Bakeshop: Commercial range manufacturing bread, cookies, or pastries.

3. Packaged Food Production: Think along the lines of seasonings, sauces, or snacks.

4. Herbal Products Production: Production of organic cosmetics or health products.

5. Production of soap and cleaning agents: Household or industrial cleaning.

6. Footwear Manufacturing: To create footwear for specific markets like sports, fashion, or workwear.

7. Bag Manufacturing: Green bags, or fashion accessories made from bags.

8. Jewellery Production: Unpretentious but very beautiful jewelry items.

9. Incense Stick Manufacturing: For ritualistic or aromatherapeutic use.

10. Candle Making: Scented or ornamented candles.

11. Bottled Drinking Water: Providing safe and hygienic drinking water.

12. Sports Item Manufacturing: Production of items such as cricket bats, balls or gym-fitting items.

13. Furniture Production: This can be oriented to either home or office furniture.

14. Stationery Production: Comprising pens, pencils, notebooks, etc

15. Paper Mug and Plate Manufacturing: Environment-friendly substitutes for plastics.

16. Leather Product Manufacturing: Making items like belts, budgets, or bags. 

17. PVC Pipe Manufacturing: For construction or farming industry use. 

18. Ceramic Floor Tile Manufacturing: For residence and workplace design. 

19. Ice Cream Manufacture: Unique flavors or nutritional options. 

20. Textile Printing: Custom-made textiles or tees. 

21. Manufacturing Agricultural Devices: Produce devices and machinery for agriculture. 

22. Plastic Recycling: Converting waste plastic into useful raw materials. 

23. LED Light Manufacturing: For domestic, commercial, or industrial purposes. 

24. Production of Disposable Syringes: Hospitals and clinics. 

25. Glass Manufacturing: Making products such as bottles, jars, or windows. 

26. Organic Fertilizer Manufacturing: For sustainable agriculture. 

27. Solar Panel Manufacturing: To take care of the rising demand in renewable energy. 

28. Manufacturing of Drugs: manufacturing of generic medicines. 

29. Paint Manufacturing: For homes, industries or even artists. 

30. Ready Meal Manufacturing: Catering to fast-paced living within the city. 

31. E-Waste Recycling: Recovery of valuable rates from electronic wastes. 

32. Packaging Box Manufacturing: Packaging for different industries and commercial needs. 

33. Manufacture Auto Spare Components: Components for cars, motorbikes, or trucks. 

34. Production Concrete Block: The Construction Industry. 

35. Bamboo Products Manufacture: Eco-friendly substitutes for timber products. 

36. Manufacturing of Nuts and Bolts: Industrial screws for various industries. 

37. Sanitary Napkins: Manufacturing of sanitary napkins to cover the hygiene requirement of women. 

38. Baby Diaper Production: Catering to the infant care market. 

39. Production of Batteries: For vehicles or domestic gadgets. 

40. Coconut Oil Processing: Cooking, for hair treatment, and also skin treatment. 

41. Mineral Water Plant: Purification and bottling of drinking water. 

42. Biodiesel Production: Alternative fuel production. 

43. Compressed Milk Production: For bakery, confectionery, and also pudding uses. 

44. Vermicompost Production: Organic compost for agriculture. 

45. Bio-plastic Manufacturing: Environment-friendly alternative to conventional plastic. 

46. Electronic Toy Manufacturing: Catering for the children’s market. 

47. Home Design Production: Fabrics, cushions, and ornaments. 

48. Noodle/Pasta Production: Cater to fast-food chains. 

49. Pet Food Manufacturing: Quality diet for cats, dogs, or other pets. 

Related Business Plan: Best Small, Medium and Large Scale Business Opportunities | Startup Costs of Setting Up a Business | Select and Choose the Right Industry for Startup

Key Factors to Consider Before Starting a Manufacturing Business Ideas

Market Research:

Know your contemporaries, your customers, and the current market trends. Use all this information for a business strategy and marketing strategy. 

Obtaining Licenses and Permits:

Make sure you have all the required approvals as well as licenses to operate legally. This includes registrations of business, tax registrations, establishment license for manufacturing, and environmental clearance.

Spot Location:

The site is generally a determinant for your production facility as pertains to the logistics it would incur, as well as the operational costs it generates. Pick a site that is proximate to your supply chain and has sufficient sources such as electrical and water supply. 

Equipment and Tools:

Acquire all necessary equipment and devices for your production. Moreover, consider the maintenance costs of these. 

Workforce:

Hire a skilled and semi-skilled workforce based on prime production processes. Giving the required training can indeed increase productivity at work. 

Raw Material:

Create trustworthy suppliers for raw materials. The quality and timely availability of the raw materials can greatly affect the quality of your product and the schedule for production. 

Quality Control:

Put strict controls for quality assurance so that your product is uniform while generating enough quality. This can be done to build a very strong market image of the brand. 

Distribution Network:

Build a strong distribution network so that your products reach your customers on time. 

Pricing:

Price competitively to your products. Pricing should cover costs while giving a reasonable margin of profit but still appealing to customers. 

Brand Name Building:

Advertise and market the brands to develop awareness about your products. This can help attract customers and build a loyal customer base.

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 Conclusion

Setting up small-scale industries in the manufacturing sector under the MSME category requires hard work, dedication, and strategic planning. However, good planning can create a profitable and sustainable going concern. Entrepreneurs should also look at sustainable manufacturing business ideas that can make things greener for the economy. 

To begin your journey in the world of manufacturing, the right niche should be chosen along with in-depth research, supplemented by government schemes to maximize success. 

Good luck in your business journey!