Profitable Industries For Karnataka - Introduction

Karnataka is in Southwest of India. It is a state along the coastlines of the Arabian Sea. Bangalore is the capital. It is a high-tech hub well-known for its nightlife and shopping. Mysore is to the southwest.

Karnataka was up to 1973 on the western coast of the subcontinent. It is bounded to the north by Maharashtra and Goa, to the east is Telangana, to the south is Kerala, the West dominates the Arabian Sea, and to the southeast is Tamil Nadu. The state cover 420 miles and 300 miles from east to west. The stretch of coastline for 200 miles.

The economy of Karnataka

The economy of Karnataka is service oriented and the contribution of income is through the industrial and agricultural sectors around 25%. The Karnataka infrastructure is the concentration of the Karnataka government which is putting all efforts to promote the state infrastructure as the industries have come up in great numbers recently. Another factor is the IT boom that has added to various infrastructural projects. All the top companies such as Infosys, TCS, Microsoft, Yahoo, Wipro, Accenture, and Logica CMG are a few operating in Bangalore.
 
Karnataka has become the Information Technology (IT) powerhouse of India. Most of the IT activities are carried out in its capital city, Bangalore (Bangaluru). There are large number of software companies in the State, employing hundreds of IT professionals every year. Bangalore is a veritable melting pot of various races and cultures. This garden city has well-laid out parks, gardens, long avenues of blossoming trees and salubrious climate. It offers a lifestyle comparable with the world's leading cities and a veritable shopper's paradise. It is also home to top of the line companies in other sectors like engineering, pharmaceuticals, biotechnology, food processing, apparel, electronics and automobiles. That's why, it is called India's science city.

The Karnataka government is improving the infrastructure to support this industry boom. It is apparent in the number of expressways, flyovers, and roads built. Power in Karnataka presents a blend of conventional and unconventional energies, and it caters to the varied and wide needs of the state inhabitants belonging to the occupational groups.

Karnataka power is improved markedly with the private companies’ introduction to spruce the power situation. The Karnataka State Electricity Board and Karnataka Power Corporation are the state's major power organizations. The government takes care of the distribution, production, and revenues of the power sector. The government is benefitted from these drives of privatization.

Advantages to start new industry in Karnataka

 
Karnataka has been placed well on the agricultural and horticultural map of India and is producing variety of food and cash crops. Its scenic beauty makes it an attractive tourist hotspot. It has also become an industrial metropolis, due to the following advantageous features of the State:-
 
  • Pro-active and supportive administrative set up;
  • Simplified procedures for investment;
  • Availability of land, quality power and water;
  • Good law and order situation;
  • Harmonious industrial relations;
  • Excellent transportation network and worldwide connectivity;
  • Best telecom infrastructure in the country;
  • Presence of leading IT, biotechnology, electronics and heavy machinery companies;
  • Excellent social, education and health facilities;
  • Availability of world class technical manpower;
  • Home to world class educational institutions and R&D centres;
  • Among the fastest growing and largest markets in India; etc.
  • Given these, Karnataka has become the most preferred destination for investors the world over. It is considered as the technology capital of the country. There exists large number of big and small companies in the State, offering innumerable business opportunities in the various sectors of the economy.

List of the state schemes to start a new manufacturing unit

The state mineral resources feed the Bhadravati steel and iron mills and Bengaluru engineering works. The other industries in the state include sugar processing, cotton milling, textiles manufacturing, electrical machinery, food products, paper, cement, and fertilizers. The sericulture industries are long-established producing mulberry silk.

The top manufacturing companies are:

  • Bosch Ltd
  • Bharat Electronics Ltd
  • ABB India Ltd
  • Dell International Services India Pvt Ltd
  • United Breweries Ltd
  • Titan Company Ltd
  • Mangalore Chemicals and Fertilizers Ltd
  • Hindustan Aeronautics Ltd

Business loan schemes by Karnataka state government

The Karnataka government has launched a self-employment scheme, and the state government is offering interest subsidies for a maximum project of Rs. 10 lakh. Karnataka government is the active state government implementing social welfare policies and schemes.  The state government has launched many schemes and including unemployed youth, girls, pension schemes, women empowerment, and more.

The Karnataka Government introduced MSME Sarthak Scheme encouraging medium and small industries aiming to offer better employment opportunities. The state government provides up to one crore financial aid for new industries' development. It attracts industrial emerging technologies to promote more employment.

  • This scheme helps industries' development, especially the Tier 2 and 3 backward areas.
  • To provide the industries with raw materials, services, and goods at reasonable prices
  • To promote employment and to find in the MSME sector jobs and develop the ease of doing business.
  • Eases problems faced by the MSME sector that is the component providing youth employment.

Here are the few best and most profitable industries you can consider starting in Karnataka:

  • Cattle Feed Industry
    Cattle Feed is now the most profitable sector related to the cattle farming in agriculture industry. Now, more and more farmers tend to feed their cattle, poultry, livestock and other animal with pelleted feed with aim to ensure the quality of the cattle related products, ensure the health and nutrition of their cattle. Therefore, it is oblivious that cattle feed production business is profitable. Statistics show that the market of feed additives is expanding at a 7% rate. This is due to the rise in demand for safe and high quality meat. Consumers want their meat and milk to be free from antibiotics and bacteria. Farmers therefore are striving to keep their animals properly fed and healthy, which provides great opportunity for animal feed production industry.
     
  • Curcumin  Extraction
    Behind the increasing growth of curcumin in global market is that it has some functions in medicines to help against inflammatory, oxidation and maybe help against cancer. Besides, the support of government is also another reason for curcumin demands.At present, the main producer of curcumin is India. It holds up to 78% of the global market share. We provide an comprehensive market analysis of curcumin based on the application range and regions.
     
  • Hospital
    Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players.

    India's competitive advantage lies in its large pool of well-trained medical professionals. India is also cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe.
     
  • Lithium Ion Battery Assembling Unit 
    A lithium-ion battery or Li-ion battery (abbreviated as LIB) is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging.

    Generally, lithium ion batteries are more reliable than older technologies such as nickel-cadmium (NiCd, pronounced "nicad") and don't suffer from a problem known as the "memory effect" (where nicad batteries appear to become harder to charge unless they're discharged fully first). Since lithium-ion batteries don't contain cadmium (a toxic, heavy metal), they are also (in theory, at least) better for the environment—although dumping any batteries (full of metals, plastics, and other assorted chemicals) into landfills is never a good thing. Compared to heavy-duty rechargeable batteries (such as the lead-acid ones used to start cars), lithium-ion batteries are relatively light for the amount of energy they store.
     
  • LPG Cylinder Manufacturing
    LPG Cylinder is an essential item for filling liquefied petroleum gas used for cooking purpose. The body of LPG cylinder is deep drawn in two pieces then these are welded together to make a compact unit without any leak and defect etc. LPG cylinders are in use in 5 Kg., 12 Kg., 14.2 Kg. & 19 Kg. capacities. To ascertain the quality, safety and performance certain regulations are applicable such as BIS standardization and Explosive License etc. While all the cylinders are spray-painted with a signal red colour. BPC cylinders have yellow ring around the bung. HPC cylinders in blue ring and IOC cylinder are fully red. In case of 19 Kg. cylinder the top is painted olive green. The cylinders carry their complete history with regard to their serial number, Tare/ Gross weight, water capacity, ISE monogram test date, manufacturer identification and year of manufacturing.
     
  • Medical Disposable Syringes
    A syringe is a simple pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (called a barrel), allowing the syringe to take in and expel a liquid or gas through an orifice at the open end of the tube. The open end of the syringe may be fitted with a hypodermic needle, a nozzle, or tubing to help direct the flow into and out of the barrel. Syringes are often used to administer injections, insert intravenous drugs into the bloodstream, apply compounds such as glue or lubricant, and measure liquids.
     
  • Marriage Hall (Wedding Hall)
    Marriage hall industry is the latest white  collar  fashion industry.  This is a part of tourism industry.  Its worth lies in rendering services to people in group only.  Different groups  of people can hire the banquet hall services for different  purposes like wedding, ritual ceremonies, concerts, conferences,  cultural programes and public get together activities.

    A marriage hall management exerts hard to make the  functions a  success  with  the employments of its  materials,  staff,  the facilities  and  allied connections.  The services  are  rendered against  agreed  payments  partly in  advance  and  partly  after successful  completion  of the ceremony.   Though  the  financial investments are low to moderate, yet a banquet hall is capable of a  wide ranging services.  Its capability to earn profits can  be seen  from the project economy computations.  It is obvious  that it  has a very high rate of return on the capital employed and  a low  break  even  point which means that the  quantum  of  annual receipts calculated at 100% capacity utilization is not necessary for  its profitable operation.  For any utilization above 35%  of its rated capacity, the unit will run without a loss.
     
  • Solar Modules Manufacturing
    A photovoltaic (in short PV) module is a packaged; connect assembly of typically 6×10 solar cells. Solar Photovoltaic panels constitute the solar array of a photovoltaic system that generates and supplies solar electricity in commercial and residential applications. Each module is rated by its DC output power under standard test conditions, and typically ranges from 100 to 365 watts A single solar module can produce only a limited amount of power; most installations contain multiple modules. A photovoltaic system typically includes a panel or an array of solar modules, a solar inverter, and sometimes a battery and/or solar tracker and interconnection wiring.The price of solar power, together with batteries for storage, has continued to fall so that in many countries it is cheaper than ordinary fossil fuel electricity from the grid (there is "grid parity")., Solar panel refers to a panel designed to absorb the sun's rays as a source of energy for generating electricity or heating.A photovoltaic (PV) module is a packaged, connect assembly of typically 6×10 solar cells. Solar Photovoltaic panels constitute the solar array of a photovoltaic system that generates and supplies solar electricity in commercial and residential applications. Each module is rated by its DC output power under standard test conditions, and typically ranges from 100 to 365 watts.
     
  • Tender Coconut Water
    Coconut water is the clear liquid inside young green coconuts (fruits of the coconut palm). In early development, it serves as a suspension for the endosperm of the coconut during the nuclear phase of development. As growth continues, the endosperm matures into its cellular phase and deposits into the rind of the coconut meat. Coconuts for drinking are served fresh, chilled or packaged in many places. They are often sold by street vendors who cut them open with machetes or similar implements in front of customers. Processed coconut water for retail can be found in ordinary cans, tetra paks, or plastic bottles, sometimes with coconut pulp or coconut jelly included.
     
  • Wellness Resort
    The potential of wellness systems, developed through centuries of wisdom of this ancient civilization would be fully tapped. This is being done by positioning India as a centre of Ayurveda, Yoga, Sidha, Naturopathy, etc. together with the spiritual philosophy that has been integral to the Indian way of life. Ministry of Tourism has drafted guideline for wellness tourism.

Other Profitable Industries to consider:

  • Automatic Jaggery Plant
  • Automatic Corrugated Boxes
  • Aac Blocks Manufacturing
  • Brushless Dc Hub Motors Used In Electric Vehicles
  • Brushless Motor And  Ac Induction Motor For Electric Vehicle
  • Biomass Brquettes
  • Blending And Bottling  Plant Of  Liquor From Ena
  • Bright & Black Bar
  • Baby Corn
  • Ci Casting
  • Chain Link Fencing
  • Cattle Feed Industry
  • Coolant Manufacturing
  • Corn Oil (Maize Oil)
  • Corn Flakes
  • Corn Chips (Tortilla Chips)
  • Curcumin  Extraction
  • Car Dealeership &  Service Station
  • Dessiccated  Coconut  Products
  • Detergent Cake & Powder Manufacturing
  • Epoxy Coated Tmt Brass (Sarya)
  • Ethyl Alcohol From Corn (Industrial  Alcohol)
  • Extraction Of Precipitated Silica From Rice Husk Ash 
  • Ethyl Alcohol From Corn
  • Floriculture (Cut Flower)
  • Food Processing Unit
  • Fruit Juice Manufacturing Plant
  • Grain Based Ena Plant (Ena Plant Based On Maize)
  • Hospital
  • Iv Fluid (Ffs Technology)
  • Iv Fluid (Bfs Technology)
  • Insulated And Brass Copper & Aluminium Conductors
  • Ice Cream Manufacturing Unit
  • Kraft Paper From Waste Paper
  • Lithium Ion And Lithium  Polymers Battries Manufacturing And Assembling For  Electric And Hybrid Vehicles And For Cell Phones Application
  • Lithium Ion Battery Assembling Unit 
  • Liquid Glucose From Rice
  • Lpg Cylinder Valve
  • Lpg Cylinder Manufacturing
  • Leather Jacket & Gloves Manufacturing
  • Mineral Water With Added Minerals
  • Medical Disposable Syringes
  • Mixer Grinder Manufacturing Plant
  • Mango Pulp
  • Marriage Hall (Wedding Hall)
  • Maize Semolina  Processing
  • Maize Processing Unit (Starch, Modified Starch Liquid Glucose, Dextrose, Gluten, Germs & Steep Water)
  • Maize Dry Milling Plant
  • Mushroom Cultivation & Processing
  • Neem Oil Extraction Unit
  • Pet Preform Manufacturing From Pet Resin
  • Poly Carboxylate  Ether Superplasticizer (Pce)
  • Pcc Poles
  • Processing And Retail Pakaging Of Food Grain, Pulses
  • Service Apartment
  • Solar Modules Manufacturing
  • Super Speciality Hospital
  • Stainless Steel Decorative Pipes
  • Sanitary Napkins
  • Sugarcane Jaggery
  • Spice Manufacturing With Packaging
  • Sweet Potato Starch Plant
  • Starch Manufacturing
  • Scaffdding Fitting Factory
  • Starch And Allied Products From Maize
  • Sorbitol From Maize Starch
  • Sugar Plant
  • Truck Manufacturing Plant (Assembling Of  Electric Trucks)
  • Tender Coconut Water
  • Tomato Puree Unit
  • Tomato Processing Plant
  • Wpc (Plastic Composite) Board Line  Manufacturing
  • Wire Nail Manufacturing Industry
  • Wellness Resort
  • Warehouse
  • Yeast Dry Powder From Maize

If you need any help in creating project report or need any detail related to starting new industry, please contact me
 

BANKABLE PROJECT REPORT

Before you start any industry, you need to get project report prepared. Readers who do not know about project report, let me explain - A Project Report is a document which provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.
 
Project Report is a written document relating to any investment. It contains data on the basis of which the project has been appraised and found feasible. It consists of information on economic, technical, financial, managerial and production aspects. It enables the entrepreneur to know the inputs and helps him to obtain loans from banks or financial Institutions.
 
The project report contains detailed information about Land and buildings required, Manufacturing Capacity per annum, Manufacturing Process, Machinery & equipment along with their prices and specifications, Requirements of raw materials, Requirements of Power & Water, Manpower needs, Marketing Cost of the project, production, financial analyses and economic viability of the project.
 

Below are few mandatory details you should include in your project report:

  • Present Market Position and Expected Future Demand,
  • Market Size,
  • Statistics,
  • Trends,
  • SWOT Analysis and
  • Forecasts.
 
Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
 

Report should include:

  • Plant Capacity,
  • requirement of Land & Building,
  • Plant & Machinery,
  • Flow Sheet Diagram,
  • Raw Materials detail with suppliers list,
  • Total Capital Investment along with detailed calculation on Rate of Return,
  • Break-Even Analysis and
  • Profitability Analysis.
 
The report should also provides a bird's eye view of the global industry with details on projected market size and then progresses to evaluate the industry in detail.
 
I hope this help, please keep us posted if you have any query related to industry startup or need any suggestions.