Most people think that they need a huge amount of capital in order to start their own manufacturing business. But this is not true, there are many manufacturing business ideas in India are there that can be started with the small capital also.
In this article, we will be going to discuss some of the top and profitable manufacturing business ideas in India that can be started in 2021.
The manufacturing businesses are not easy businesses. If you want to start a manufacturing business of any kind first you need to have the expertise, skilled labor, effective strategies, and a good managing team.
If you don’t have any kind of experience in the manufacturing field start with a very small capital and focus more on learning rather focusing on expanding the business. Let's first discuss the top 10 manufacturing business ideas in India in 2021.
Here are 9+ Manufacturing Business Ideas in India to Start in 2021.
1. Custom Printing:
Custom printing is a very good option to start with because people are interested in using custom-printed products. Custom-printed items included printed T-shirts, mugs, keychains, smartphone cases, etc.
This manufacturing business doesn’t need high-skill labor, and the machines used are very easy to operate.
Initially, you have to invest around 1.5 - 2 lakhs INR. You can create your own brand of custom printed products or can manufacture the products for pre-existing brands.
You can also set up a website where customers can test their designs on the products virtually and can place their orders. Having a website will help you to scale your business. For reference, you can check out an India-based startup beyond.
2. Electric Vehicles Chargers:
Electric vehicles are the future of transportation. The Indian government is also encouraging the citizens to use electric vehicles.
Till 2030 in India, around 70% of cars and 80% of two-wheelers will be electric. Due to this EV revolution, the demand for EV chargers is increasing but supply is very limited.
The top oil companies in India, like BPCL, are also planning to convert their traditional retail outlets into energy stations offering multiple fueling options, such as an electric vehicle (EV) charging facility, in the medium to long term.
So there is a very good opportunity to start an EV charging manufacturing business. This business required very high technical skills.
You need to have a team of engineers who can design efficient EV chargers. You can also create a network of charging stations for Electric Vehicles within your state or even within the nation.
The initial investment you need is from 7-10 Lakhs but the return which you will get in the future has no upper limit.
An Indian startup named Statiq is already doing this. They have a mobile application where you can find the nearby charging station to charge your EV.
If you like to bake and create new edible items like designing different types of cakes, then this manufacturing business idea is best for you. You can create your own brand of baked foods.
You can initially start this business if you just want to just experiment to see if it works for you or not? The initial investment you need is somewhere around 30 - 50K INR.
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4. Handmade Organic and Exotic Soap:
In India, people are opting for the chemical-free alternative for the product they use daily. Therefore it is the right time to dive into the business of handmade organic and exotic soap.
Initially, you have to spend most of your time experimenting and finding the right ingredients and the right formula for your first product. You might also need expert advice for this.
Initially, you can start this business with an investment of 1.5 - 2 Lakhs INR. Start this business on a small scale and once you get experience about the industry you create your own brand with a wide range of personal care and beauty products.
5. Incense Sticks (Agarbatti):
Out of the many manufacturing business ideas In India, there is a huge demand for incense sticks, especially during festivals. This makes this business a very good option for those who want to start a small-scale manufacturing business with very small capital.
The raw material required in this business is easily available in the major cities of India. The demand for incense sticks is also increasing in foreign countries. Initially, you have to invest around 30K - 50K INR.
6. Imitation Jewelry:
Previously women used to prefer gold and diamond jewelry but the time has changed. There are multiple reasons behind the change in the preference of women.
But the main reason is that gold and diamond jewelry are generally heavy while imitation jewelry is very light in weight.
The imitation jewelry manufacturing business is one of the most profitable businesses because you can leverage e-commerce and even social media for marketing and sales. There are a number of brands already doing this very efficiently.
7. Candles Manufacturing:
Candles are always in demand because of religious and decoration purposes. During the festival, the demand for candles is extremely high.
This manufacturing business idea is best for you if you want to start a small-scale manufacturing business with an initial investment of 20 - 30K INR.
The raw materials required for this business are easily available and you don’t need to have highly skilled labor for this business as the process of manufacturing candles is very simple.
Manufacturing Business Ideas in India
8. Paper Bag:
Paper bags are eco-friendly and biodegradable therefore it is a very good alternative for a plastic bag that is non-biodegradable.
People had started shifting towards paper bags because of the awareness about the harmful effect of non-biodegradable bags on the environment.
The Government of India also imposed bans on plastic bags. Due to all these reasons, it is a very promising business idea.
You can start this business on a small scale or medium scale. If you want to start this business on a medium scale you need an automatic or semi-automatic paper bag manufacturing machine.
Automatic paper bag manufacturing machines start at around 5 Lakh INR and have the capacity for manufacturing a few thousand units per hour.
Semi-automatic machines are available under 3 Lakh INR but they need more manual work and labor.
9. Mobile Accessories:
This is one of the most profitable manufacturing business ideas in India.
Mobile accessories have incredible demand not only in India but also throughout the world. And this demand will keep on increasing as time passes.
Starting a mobile accessory manufacturing business is a very good option to go with. You can create your own brand with a wide range of mobile accessories. You can also leverage e-commerce and social media for sale and marketing.
The amount of investment you need to make is much higher than the investment needed in any other business mentioned above.
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10. Indian Handcraft:
Indian handicrafts have very great demand throughout the world. A huge amount of Indian handicrafts are exported to different countries every year.
This manufacturing business requires very highly skilled labor. You can also create an international brand of Indian handicrafts.
The investment required to start this business depends on the type of handcrafts you are manufacturing.
Manufacturing Business Ideas in India, Wrap Up!
Starting a manufacturing business in India is a very good idea but this requires a good amount of experience and capital too.
Try to gather a good amount of experience in the manufacturing business before starting it. I hope we've provided you with a good amount of information about the top manufacturing business ideas in India.
If you want a detailed blog on any business idea mentioned above or any other business then comment down, we will try our best to help you.
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