Best Manufacturing Business in India

Most Profitable Manufacturing Business Ideas in India

Apparently, the manufacturing sector employs around 12% of the Indian workforce. According to a study conducted in 2014, the sector contributes around 16% to 17% to its GDP. The aim is to increase the contribution of the manufacturing sector to 25% in the Indian economy. Several government initiatives are being taken across India to promote the best manufacturing business ideas in various sectors such as food, fashion, infrastructure, leisure and more. Due to that, the scope of manufacturing business in India is becoming wider day by day.

1- Wood or MDF Furniture Manufacturing Business

According to a recent report, the Indian furniture market is expected to grow at a CAGR of 12.91% during 2020-2024. Therefore, choosing the wood or MDF furniture manufacturing business would be a profitable manufacturing business idea in India in the coming future.

How to Start This Venture: To open a wood, MDF or particle board furniture manufacturing business, you would need a well-ventilated place for the workshop along with a skilled group of carpenters or workforce.

2- Clothing Manufacturing Business

Suppose you live in any Indian state that is known for its quality cotton or silk production or you have an excellent source of buying the quality raw material required for garment manufacturing. In that case, garment or clothing manufacturing business would be the best idea to work on.

How to Start This Venture: To open a garment or clothing manufacturing business, you would need a place close to the sources of raw materials and import or export centers.

3- Disposable Cutlery Manufacturing Business

The demand for food joints and takeaways has seen a significant rise in recent years. We can say the same about disposable cutlery. These food joints are looking forward to adopting high-quality yet affordable disposable cutlery such as paper napkins, cups, spoons, forks, plates, bowls to enhance their food delivery standards. Therefore, investing and planning in a disposable cutlery manufacturing business in India will be profitable.

4- Cake, Cookies, or Bakery Items Manufacturing Business

Did you know that bakery is one of the most prominent industries in the food sector of India? India is known for its vivid festivals and celebrations, and the demand and supply of bakery items is undeniable. If you are adept at baking skills or have a skilled group of bakers, you can plan to open a cake, cookies or bakery items manufacturing business in India.

How to start this venture: You can start the cake, cookies or bakery items manufacturing business initially as a home-based setup. As the demand and requirements of your manufacturing business increase, you can go ahead with a full-scale bakery business setup.

5- Fashion or Precious Jewellery Manufacturing Business

Just like the clothing or garments sector, jewellery is also considered one of the most profitable businesses in India. People are now getting more interested in handmade fashion or precious jewellery with customized or unique designs. Suppose you have a creative eye for jewellery designing, in that case, you can start a jewellery designing and manufacturing business and market them with a planned marketing approach for maximum returns and more significant profits.

How to start this venture: To open a precious jewellery manufacturing business, you will need a supplier of quality raw materials for fashion jewellery pieces. To manufacture precious jewellery items, you will need a trusted and certified dealer of precious metals- gold, silver, platinum and precious or semi-precious stones like- diamonds, pearls, sapphire, topaz, quartz and more.

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