List of 77 Business Ideas for Startups in Odisha (Orissa).

Odisha has an emerging and developed landscape, which is in line with its nature-based resources, talent pool, and extensive infrastructure: a big competitive zone for businesses. The state has a great deal to offer, whether you are a new entrepreneur wanting to start or an established business person looking for new opportunities. In this article, we’re going to present and explore 77 Business Ideas for Startups in Odisha, where most of them will have their attention on manufacturing-based businesses because of the industrial profile of the state.

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Why is Odisha Ideal for Manufacturing Businesses?

Before we start off with the Business Ideas for Startups in Odisha, Here are certain reasons that make Odisha a favorable destination for manufacturing businesses:

• Abundance of Natural Resources: Odisha is endowed with minerals such as iron ore, bauxite, and coal leading to its attractiveness for metal and mineral-based industries.
• Government Support: The government of Odisha offers subsidies, incentives, and made clear-cut business policies for start-ups.
• Skilled Workforce: The state has few of the top engineering and vocational institutions in the country, which give it a pool of skilled labor.
• Infrastructure Growth: Ports, highways, and industrial zones like Kalinganagar and Paradip improve business opportunities.

Related Projects: – Best Business Opportunities in Odisha (Orissa)

Top 77 Business Ideas for Startup in Odisha

Here is a detailed compilation of 77 Business Ideas for Startup in Odisha based on several manufacturing sectors:

1. Agro-Based Manufacturing Businesses

1. Organic Fertilizer Production

2. Spice Processing Unit

3. Cold Storage and Food Preservation

4. Rice Mill

5. Packaged Drinking Water Business

6. Mustard Oil Manufacturing

7. Dairy Product Processing

8. Cashew Processing Unit

9. Jaggery Production

10. Herbal Products Manufacturing

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2. Mineral and Metal-Based Businesses

1. Steel Fabrication Unit

2. Aluminium Utensil Manufacturing

3. Cement Brick Manufacturing

4. TMT Bar Production

5. Coal Briquettes Production

6. Granite Cutting & Polishing

7. Stone Crushing Business

8. Ready-Mix Concrete Plant

9. Fly Ash Brick Manufacturing

10. Copper Wire and Cable Production

3. Textile and Handicraft-Based Businesses

1. Handloom Saree Weaving

2. Cotton Yarn Production

3. Jute Bag Manufacturing

4. Carpet Weaving Unit

5. Leather Products Manufacturing

6. Bamboo Handicraft Business

7. Wooden Furniture Manufacturing

8. Decorative Ceramic Products

9. Artificial Jewelry Production

10. Embroidery and Fabric Printing

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4. Plastic and Polymer-Based Manufacturing

1. PVC Pipe Manufacturing

2. Disposable Plastic Cutlery Production

3. Packaging Material Production

4. Plastic Recycling Unit

5. Biodegradable Bag Manufacturing

6. Acrylic Sheet Production

7. Plastic Bottle Manufacturing

8. Toy Manufacturing

9. Plastic Molding Business

10. EPS (Thermocol) Product Manufacturing

5. Automobile and Engineering-Based Businesses

1. Electric Vehicle Battery Production

2. Auto Parts Manufacturing

3. Steel Casting Business

4. Tool and Die Manufacturing

5. Aluminium Casting Unit

6. Welding Rod Production

7. Heavy Machinery Parts Manufacturing

8. Brake Pad and Clutch Plate Production

9. Hydraulic Equipment Production

10. Vehicle Modification Business

6. Food Processing and Packaging Business

1. Bakery and Confectionery Business

2. Biscuit and Cookies Manufacturing

3. Instant Noodles and Snacks Production

4. Pickle and Papad Making Unit

5. Tomato Ketchup and Sauce Manufacturing

6. Flour Mill

7. Ice Cream and Frozen Dessert Production

8. Energy Drink Manufacturing

9. Tea and Coffee Processing

10. Honey Processing Unit

7. Chemical and Pharmaceutical Business

1. Soap and Detergent Manufacturing

2. Herbal Cosmetics Manufacturing

3. Perfume and Fragrance Business

4. Pharmaceutical Formulation Unit

5. Fertilizer and Pesticide Production

6. Industrial Paint and Coating Manufacturing

7. Ayurvedic Medicine Production

8. Hand Sanitizer Manufacturing

9. Perfumed Candle Making

10. Air Freshener Manufacturing

8. Eco-Friendly and Sustainable Manufacturing Business

1. Solar Panel Manufacturing

2. E-Waste Recycling Business

3. Wind Turbine Parts Production

4. Electric Vehicle Assembly Plant

5. Biodegradable Straw Manufacturing

6. Paper Bag Production

7. Organic Textile Production

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How to Start a Manufacturing Business in Odisha?

Follow these steps, if you want to consider one of the Business Ideas for Startup in Odisha, to successfully set up your business: 

1. Research & Market Analysis

Find out the demand in Odisha and neighboring states for the particular product you have chosen to manufacture. Conduct feasibility study and competitor analysis.

2. Registration of Business 

Get the MSME registration, trade license, GST registration, other state licenses, and any required permits for your business.

3. Determine the Appropriate Location

Settle on an industrial zone or special economic zone (SEZ) in Odisha to avail of government subsidies and facilities.

4. Arrange Capital & Funding 

Obtain startup grants and MSME loans or bank financing options for establishing your manufacturing business.

5. Procurement of Raw Materials 

Source the raw materials from local suppliers, thus cutting the cost and enhancing profitability.

6. Hire Skilled Workers 

The main thing is to use the highly qualified workforce available in Odisha itself but hire them for production and operations.

7. Set Production & Marketing 

Install machinery, set up production, and plan marketing strategies to attract buyers.

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Conclusion

Odisha is speedily becoming an industrial giant; hence, the place where you would want to set up a company. These Business Ideas for Startups in Odisha mentioned in the article have all the scope with which a person may get some benefits out of the advantages that the state has to offer. This could be agro-processing, metal fabrication, textiles, and green manufacturing. Everyone knows how good business conditions Odisha has. 

As there is an increasing market, the best time for investing in Business Ideas for Startup in Odisha is now. Government advantages, an excellent workforce, and a forever growing market are the rewards of having a manufacturing business at this time in the state.