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Planning to Start own Business, Here are few Best Ideas of Most Profitable Industries

Planning to Start own Business? Here are few Best Ideas of Most Profitable Industries.

(NPCS Newsletter - Issue 072018)

Project Profiles of below projects can be viewed/ downloaded from www.niir.org/profile-project-reports/

 

Today, tens of thousands of people are considering starting a business, and for good reasons. Throughout the world, small and medium scale manufacturing is considered as a profitable business for startup entrepreneurs. Some of the most lucrative industries are light engineering, paper, food processing, rubber, leather, chemical, and agrochemical industry. Apart from these household products, some construction-related products are also in high demand. Small and medium scale industries play the significant role in the GDP.

Small and medium sized enterprises play a central role in the Indian economy. They are a major source of entrepreneurial skills, innovation and employment. SME businesses are the biggest contributor to the economy of any country and the same goes with Indian economy. In fact, SME is one of the most crucial sectors of Indian economy as far as the number of employments generated from this segment. As more than 65% of Indian population lives in rural and semi-rural areas, small business becomes a major source of income for many residing in these areas. After agriculture, small business in India is the second largest employer of human resources.

 

Manufacturing Business ideas that you can initiate as micro, small, and medium scale basis.

Spices

(Turmeric, Red Chilli, Dhaniya and Jeera Powder)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. A closely related term, ‘herb’, is used to distinguish plant parts finding the same uses but derived from leafy or soft flowering parts. Spices are essential ingredients in any good cook’s kitchen. They are also used in the manufacture of incense, oils, cosmetics, preservatives and flavorings.    

India is the largest producer, consumer and exporter of spices and spice products in the world and produces more than 50 spices. India is also a big exporter of Chilli, turmeric, cumin, pepper and many other spices. The revenues from India market are expected to expand to around USD 18 billion in FY’ 2020, growing with a CAGR of ~% from FY’ 2016 to FY’ 2020. The highest contribution to this growth is expected to come from the spice mixes and blended spices. As a whole any entrepreneur can venture in this project without risk and earn profit. Read more

 

Readymade Garments

Readymade garments are a part of our daily life. Clothes are an epitome of a culture. People in different parts of the world have their own styles of dressing which symbolize their culture and status. They are made from many different fabrics and yarns. Their characteristics depend on the fibers used in their manufacture. Ready-made garments are divided into the following types: Outer clothing: work wear and uniform, leisure wear, sportswear (e.g. suits, pants, dresses, ladies' suits, blouse, blazers, jackets, cardigans, pullovers, coats, sports jackets, skirts, shirts (short- or long-sleeved), ties, jeans, shorts, T-shirts, polo shirts, sports shirts, tracksuits, bathing shorts, bathing suits etc.)

The Indian clothing market for readymade garments is estimated at over Rs. 1000 bn with men' swear segment accounting for 46%, while the shares of women's and kids' clothing are pegged at 36% and 17%, respectively. Garment industry accounted to US$ 109 billion in 2014 which is expected to reach US$ 127.8 billion by 2020. The exports post quota regime showed an annual growth nearly of 10%. The sector is expected to show a CAGR of 16% to reach $ 31 billion by 2020-21. This facilitates the development of new technologies and ensures a high quality product. Read more

Neem Oil

(Cold Process)

Neem oil is obtained from the seeds of neem tree. Utilization of neem seeds is to be set with the problem of organization of systematic collection and crushing of seeds. Neem oil is usually opaque and bitter but it has recently been shown that it can be processed into non bitter edible oil with 50% oleic acid and 15% linoleum acid. 'Neem oil extractives', a waste from neem oil refining has been found to be effective mosquito larvicide. The material acts as instant killer of the first instar larvae of Culex Fatigans at 0.04% concentration whereas at lower concentrations it had delayed toxicity.

Azadirachtin, an active compound derived from neem seeds and other parts has natural insecticidal properties. It is potentially a substitute for synthetic pesticides used in crop production. Projected growth in global bio-pesticide market at CAGR of 15.8 per cent from 2012 to 2017 could be a prospective growth driver for the neem products in future. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

 

E-commerce

E-commerce has become an important part of many multilateral negotiations such as Regional Comprehensive Economic Partnership (RCEP), WTO and BRICS etc. Ministry of Electronics & Information Technology is spearheading such negotiations on E-commerce from Indian side. It is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business.

"India's E-commerce market is estimated to be USD 33 billion in the financial year 2017. NASSCOM shows that India’s online market share grew at the rate of 19 percent last year and will touch an estimated US$33 billion in 2017. By 2020, this number is expected to rise to over 175 million – owing to the technology transformation led by the rise in the use of smart phones and tablets, and improved access to the low-cost internet. India’s E-commerce market is estimated to reach US$200 billion in the next decade on the back of these factors. Thus, due to demand it is best to invest in this project. Read more

 

IV Cannula and Catheters

Intravenous cannulation is a technique in which a cannula is placed inside a vein to provide venous access. Venous access allows sampling of blood as well as administration of fluids, medications, parenteral nutrition, chemotherapy, and blood products. In simple terms, a cannula can surround the inner or outer surfaces of a trocar needle thus extending the effective needle length by at least half the length of the original needle. It is also called an intravenous (IV) cannula. Its size mainly ranges from 14 to 24 gauges. Different-sized cannulas have different colours as coded. I.V. Catheters are made out of special medical grade polyurethane which becomes very soft at body temperature ensuring patient comfort. Catheters thereby allow drainage or injection of fluids or access by surgical instruments. The process of inserting a catheter is catheterization. In most uses a catheter is a thin, flexible tube: a "soft" catheter; in some uses, it is a larger, solid tube: a "hard" catheter.

The IV cannula market is estimated to grow at a CAGR of 6.2% from 2017 to 2022 to reach USD 13.63 Billion by 2022. The global peripheral intravenous catheter market is estimated to be valued at US$ 3,663.7 Mn by the end of 2015, reaching a value of US$ 5,224.7 Mn by the end of 2021 at a CAGR of 6.1%. The Indian domestic Medicare devices industry is expected to grow from Rs. 60 bn to Rs. 76.5 bn in four years. The overall market is estimated at Rs. 150 bn. A major part of the demand is met through imports. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

 

Biofertilizer and

Phosphate Rich Organic Manure

(PROM)

Bio-fertilizers are selective live micro-organism like bacteria, fungi and algae. They provide a cost effective, eco-friendly & renewable source of nutrients. Bio-fertilizers improve the nutrient availability to the crops in which biological process is involved. Bio-fertilizers help in fixing atmospheric nitrogen, converting soil phosphate and potash into soluble forms to make them available to plants. Phosphate rich organic manure is a type of fertilizer used as an alternative to diammonium phosphate and single super phosphate. Phosphate Rich Organic Manure is produced by co-composting high-grade (32% P2O5 ± 2%) rock phosphate in very fine size (say 80% finer than 54 microns).

         The biofertilizers market was valued at USD 946.6 Million in 2015; the market is projected to grow at a CAGR of 14.08% from 2016 to 2022. With the increasing pressure on global food production and development in technologies of fertilizer production, the demand for fertilizers is expected to increase, which in turn would enhance the growth of the biofertilizers market. Entrepreneurs who invest in this project will be successful. Read more

 

Pan Masala, Tobacco, Zarda and Kimam

Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. The ingredients in pan masala vary widely, depending on personal taste and region. Fennel seeds are often key ingredients, since they tend to leave the mouth with a fresh feeling, and it is also possible to find cinnamon, cardamom, lime, menthol, areca nuts, betel nuts, and various other ingredients.

The overall tobacco market is expected to grow at a CAGR of ~% from FY’ 2013-2018 and will reach USD 35 billion by 2018. The tobacco market in India is expected to grow at a CAGR of 6.3% over FY 2016 to FY 2020. Smokeless tobacco market India accounted proportion of 71% in the year 2017 and the trend is expected to continue throughout the forecast period of 2017-2023. Which facilitates the development of new technologies and ensure a high quality product. Read more

 

Dry Fruits Processing

(For Snack, Almond, Pistachio and Cashew Nut)

Dried fruits are one of the most popular products made by small-scale processors. Drying removes the water from fruits so that the growth of micro-organisms is inhibited. It also reduces the weight and bulk of foods which cuts down on transport and storage costs. Walnuts, Cashew nuts, Almonds, pine nuts, Pistachio provided a high calorie intake. Nuts are used by mankind for food, edible oils, spices, condiments or beverages. Nuts are a rich source of protein, dietary fibre, vitamins and minerals. This makes them a popular snack which is both tasty and nutritious.

The nut and dried fruit industry in India is currently pegged at INR 15,000 crores (~ USD 2 billion) and is estimated to grow to INR 30,000 crores (~ USD 4 billion) by 2020, according to the Chairman of Royal Dried Fruits Range, a city-based dried fruits retailer. The global nuts and seeds market to grow at a CAGR of 4.5% during the period 2016-2020. This facilitates the development of new technologies and ensures a high quality product. Read more

 

Layer Poultry Farming

Layer poultry farming means raising egg laying poultry birds for the purpose of commercial egg production. Layer chickens are such a special species of hens, which need to be raised from when they are one day old. They start laying eggs commercially from 18-19 weeks of age. They remain laying eggs continuously till their 72-78 weeks of age. They can produce about one kg of eggs by consuming about 2.25 kg of food during their egg laying period.

India is third largest egg production and fifth in chicken meat producer in the world. India has a population of 1.2 billion and 50% of India's workforce is in agriculture. The total egg production has increased from 27.33 Billion during 2015-17 (Rainy) to 29.09 Billion during 2016-18 (Rainy) registering a growth 6.42%. As against the targeted production of 87.05 Billions of eggs during 2016-18, the total estimated production in two seasons, summer and rainy, is 55.11 Billion showing an achievement of 63.31%. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

                             

uPVC Profiles

for Doors and Windows

The upvc profile is basically an extruded section of a mixture of pvc with certain additives to make it suitable for making upvc windows and doors. So, this very formulation technology is the key to make a quality profile to make the premium windows. uPVC Doors have various advantage over other doors namely they are waterproof, Termite Proof, Fire Retardant, Economical, No Wharping, Maintenance free easy to install & available in various colours shades & no hassles of Painting & Polishing. The Windows are especially made to suit the Indian climate. The profiles are made to adapt to various Indian climates like extreme heat & cold, heavy rainfall. The uPVC Windows can be broadly categorized in 2 types.

The Indian UPVC doors and windows market is expected to grow at a CAGR of 7.0% during 2015-2020. The major drivers of the Indian UPVC doors and windows market are increasing new housing construction and replacement activities, which have contributed to the growth of this market. UPVC windows are expected to contribute to about 61.8% of the overall UPVC doors and windows market in terms of revenue generation by FY’2020. As a whole you can invest in this project without risk and earn profit. Read more

         

 

Bio-Degradable Products

from Sugarcane Bagasse

(Plates, Bowls, Spoons and Cups)

Bagasse is the name for the residual fibers that remain after the squeezing of sugarcanes at the sugar production. Usually, they consist of 40 – 60% cellulose, 20 – 30% hemicellulose, and about 20% lignin. Bagasse product can handle hot, wet or oily foods, and are completely compostable after use. They are soak proof, have no plastic or wax lining applied to them and can be used for both hot and cold items. More than that, they are absolutely beautiful in a light natural color.

The demand for disposable cups, plates, bowls, and spoons is increasing at a rapid rate. The global sales of disposable cups is expected to surge steadily at 5.1% CAGR, procuring revenues from sales of over 850 Bn units towards the end of 2026. Around US$ 3.6 Bn is the global disposable plates market standing in 2017 and it is estimated to reach an evaluation of about US$ 6.4 Bn by 2027. Today Bio-Degradable Products is used by Haldiram’s outlets in Delhi and NCR, Cinnabon, Delhi Airport, schools across the country and is even available on Amazon and Snapdeal. This facilitates the development of new technologies and ensures a high quality product. Read more

 

Sweetener from Rice

Brown rice (malt) syrup, also known as rice syrup or rice malt, is a sweetener which is rich in compounds categorized as sugars and is derived by culturing cooked rice starch with saccharifying enzymes to break down the starches, followed by straining off the liquid and reducing it by evaporative heating until the desired consistency is reached. This brown rice syrup is rich in protein derived from rice. It is a wonderful natural sweetener, best alternative to sweeteners plus the syrup has low effect on blood sugar levels.

India is the second largest producer of sugar and its largest consumer in the world – much of it being used in sweetmeats. The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup. The market for HIS is expected to reach nearly USD 2.3 billion in 2022 at a CAGR of 5.1%. Thus, due to demand it is best to invest in this project. Read more

 

Aluminium Foil

Aluminium foil is aluminium prepared in thin metal leaves, with a thickness less than 0.2 millimeters (8 mils), thinner gauges down to 6 µm (0.2 mils) are also commonly used. Standard household foil is typically 0.016 millimetres (0.6 mils) thick and heavy duty household foil is typically 0.024 millimetres (0.9 mils). The foil is pliable, and can be readily bent or wrapped around objects. Aluminium foil is produced by rolling sheet ingots cast from molten aluminium, then re-rolling on sheet and foil rolling mills to the desired thickness, or by continuously casting and cold rolling.

There are around 10 Major Aluminium Foil manufacturers in India with rolling capacity of around 10000 tons per month to cater the total demand of around 12000 tons per month in different field of pharmaceuticals and flexible packaging industries. The Global demand for aluminium foil is forecast to expand 8.7% p.a. between 2014 and 2018. As a whole there is a good scope for new entrepreneur to invest in this business. Read more

         

  Sodium and Ammonium Molybdate

Ammonium heptamolybdate is the inorganic compound whose chemical formula is (NH4)6Mo7O24, normally encountered as the tetrahydrate. It is a colorless solid, often referred to as ammonium paramolybdate or simply as ammonium molybdate, although "ammonium molybdate" can also refer to ammonium orthomolybdate, (NH4)2MoO4, and several other compounds. Sodium molybdate is white diamond crystal. The production processes are as following: to roast molybdenum concentrate can obtain molybdenum trioxide, to use alkali liquor for sodium molybdate leaching, after filtration, concentrated, cooled, centrifuged and dried to obtain the finished product.  

Increasing use of sodium molybdate for afore mentioned applications is a growth factor for sodium molybdate consumption in near future. Sodium molybdate Market: Segmentation Global Sodium molybdate market can be segmented on the basis application, product type, and region.

Global Sodium molybdate market is divided into the main region, Asia-Pacific, Western Europe, Eastern Europe region, Middle East Africa, Japan, and North America & Latin America. Thus, due to demand it is best to invest in this project. Read more

 

Cashew Nut Shell Oil

Cashew (Botanical name Anacardium Occidentale) was introduced in India by the Portuguese four centuries ago mainly to prevent soil erosion. Cashew Nut Shell Liquid (CNSL) is a versatile by-product of the cashew industry. The nut has a shell of about 1/8 inch thickness inside which is a soft honey comb structure containing a dark reddish brown viscous liquid. It is called cashew nut shell liquid, which is the pericap fluid of the cashew nut. These units adopt either the Drum Roasting Method or Hot Oil Bath Process while processing cashew nuts. It is reported that raw cashew nuts contains over 20% oils in the shells.

India is the largest consumer and the second largest producer of cashew nut shell liquid in the world. The linear and quadratic trend models estimated India‘s cashew nut shell liquid export to be at 19,044.37 tonnes and 23,483.48 tonnes for the year 2020 respectively. Hence, there has been a steady increase in the cashew nut shell liquid export. This facilitates the development of new technologies and ensures a high quality product. Read more

 

Mayonnaise

Mayonnaise is one of the most popular types of sauces in the world. It is a semi-solid oil-in-water emulsion produced as a mixture of egg yolk, vinegar, oil and some other ingredients. The color of mayonnaise varies, but it is often white, cream color, or pale yellow. It may range in texture from a light cream to a thick gel. It is served with sausages, burger patties, chips and salads as food flavouring and to stimulate the appetite for a starter meal. The oil content in mayonnaise is more than 60% and this contributes to lubricity and the creamy texture of the product.

Indian Mayonnaise & Salad Dressing Market is growing with a CAGR of 21.54% from last five years and is projected to get more than thrice by the 2021 due to growing trend of international food, brand awareness, increasing disposable income, growing demand in middle class people and increasing International food chains. The unorganized market in this industry is lagging compared to organized industry; as institutional food players focus on quality mayonnaise and salad dressing rather than prices so that they only consume the branded mayonnaise and salad dressing variants. As a whole entrepreneur can venture in this field will be successful. Read more

 

Tissue Paper from Recycled Paper

Tissue paper or simply tissue is a light weight paper or, light crêpe paper. Tissue can be made from recycled paper pulp. Tissue is a category comprising products made from low grammage, dry creped and some non-creped papers such as toilet paper, kitchen towels, napkins, facials, handkerchiefs, hand towels and wipes.

         India tissue and wipes products market is one of the growing categories in hygiene industry of the country. Tissue paper market is segmented mainly into paper napkins, toilet papers, facial tissues and other tissue based products. According to estimates from market research company Euromonitor, the India tissue paper and hygiene product market will grow significantly until 2020. During this time, the market size will increase from current 57.8 billion Rupee ($870 million) to 100 billion Rupee ($1.5 billion). Thus, due to demand it is best to invest in this project. Read more

 

Xanthan Gum

(Food and Oil Drilling Grade)

Xanthan gum is a polysaccharide with many industrial uses, including as a common food additive. It is an effective thickening agent and stabilizer to prevent ingredients from separating. It can be produced from different simple sugars using a fermentation process, and derives its name from the strain of bacteria used, Xanthomonascampestris. It is a heavily used gum for the industrial uses in the food industry. Its thickening and binding qualities make it a very useful cooking aid food additive in bakery products and dairy uses.

The global xanthan gum market is expected to expand at a very positive CAGR of 7.7% in terms of revenue, between 2016 and 2024. This revenue is expected to reach as much as US$1.25 bn by the end of 2024. The global xanthan gum market is expected to expand at a CAGR of 7.3% for the above forecast period. Entrepreneurs who invest in this project will be successful. Read more

     

Aluminium Foil Rolling Mill

with PP Caps

Aluminium foil is aluminium prepared in thin metal leaves, with a thickness less than 0.2 millimetres (8 mils), thinner gauges down to 6 µm (0.2 mils) are also commonly used. Standard household foil is typically 0.016 millimetres (0.6 mils) thick and heavy duty household foil is typically 0.024 millimetres (0.9 mils). The foil is pliable, and can be readily bent or wrapped around objects. Pilfer proof caps (P.P. Caps) are popular all over the world which provide not only the above mentioned qualities to the bottle contents, but also a perfect seal which guarantees non-contamination from external environments. This ensures the contents to remain unaffected from atmospheric moisture, gases, dusts and other impurities. Alcoholic liquors, soft drinks, juice, syrups, various hair oils and shampoos etc.

There are around 10 Major Aluminium Foil manufacturers in India with rolling capacity of around 10000 tons per month to cater the total demand of around 12000 tons per month in different field of pharmaceuticals and flexible packaging industries. Global demand for aluminium foil is forecast to expand 8.7% p.a. between 2014 and 2018. Which facilitates the development of new technologies and ensure a high quality product. Read more

 

 

 

 

 

 

 

Market Survey Cum Detailed Techno Economic Feasibility Report on above projects can be had from NPCS

Download Monthly Issues of Entrepreneur India (an Industrial Monthly Journal on Industrial Development Technologies & Project Opportunities) 

https://www.niir.org/contact/entrepreneur.phtml

https://www.entrepreneurindia.co/entrepreneur

Our New Releases:

1.      Handbook on Manufacture of Indian Kitchen Spices (Masala Powder) with Formulations, Processes and Machinery Details

2.      Modern Technology of Food Processing & Agro Based Industries (Confectionery, Bakery, Breakfast Cereal Food, Dairy Products, Sea Food, Fruits & Vegetable Processing) with Project Profiles (3rd Revised Edition)

3.      The Complete Book on Ginger Cultivation and Manufacture of Value Added Ginger Products (Ginger Storage, Ginger Oil, Ginger Powder, Ginger Paste, Ginger Beer, Instant Ginger Powder Drink and Dry Ginger from Green Ginger)

4.      Lubricating Oils, Greases and Petroleum Products Manufacturing Handbook

5.      Handbook on Manufacture of Acetophenone, Alcohols, Alletrhin, Anthracene, Barium Potassium Chromate Pigment, Calcium Cyanamide, Carboxymethylcellulose, Carotene, Chlorophyll, Chemicals from Acetaldehyde, Fats, Milk, Oranges, Wood, Manufacture of Dye Intermediates and Dyes, Fine Chemicals, Formaldehyde, Granulated Fertilizers, Granulated Triple Superphosphate and Hydroquinone

 

6.      Handbook on Organic Waste for Biological Treatment, Liquid Manure into a Solid, Tomato Waste Water Treatment, Oxalic Acid from Jute Stick, Cotton Processing Waste, Fish Waste, Agro-Industrial Wastes, Bioconversion of Pretreated Wheat Straw and Sunflower Stalks to Ethanol, Agricultural Waste Treatment, Waste of Dehydrated Onion, Beef-Cattle Manure Slurry, Meat Meal and Algae for Calves, Wastes from Large Piggeries, Pig Waste, Oxytetracycline, Methane from Cattle Waste

 

7.      Handbook on Pet Film and Sheets, Urethane Foams, Flexible Foams, Rigid Foams, Speciality Plastics, Stretch Blow Moulding, Injection Blow Moulding, Injection and Co-Injection Preform Technologies

 

8.      Handbook on Coal, Coke, Cotton, Lignin, Hemicellulose, Wood, Wood-Polymer Composites, Lignocellulosic-Plastic Composites from Recycled Materials, Wood Fiber, Rosin and Rosin Derivatives

 

9.      Handbook on Recycling and Disposal of

• Hospital Waste

• Municipal Solid Waste

• Biomedical Waste

• Plastic Waste

10.Selected Formulary Book on Cosmetics, Drugs, Cleaners, Soaps and Detergents

 

11. 55 Most Profitable Micro, Small, Medium Scale Food Processing (Processed Food) Projects and Agriculture Based Business Ideas for Startup

 

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