Overview of Electronics Engineering
Sometimes you have a big amount of money with you, and it is very natural that if you don’t put it to good use it will be simply spent off leaving you with nothing again. If you have a big sum of 5 Lakhs to 10 Lakhs rupees with you, try to invest it in good ways to generate more wealth out of it. Like it is said money makes money with an investment. One must look up to all the available option to enhance the wealth.
Though there are several options available in the market, few of them have high-risk quotients while others might not have a risk as such. It is better to analyze all the options and invest diversely to get a maximum revenue generated with it.
First Steps Toward Industry Startup
Before you start any new business or manufacturing unit, you need to identify your skills and what kind of businesses you can start and then you need to calculate investments related to land and building (rented or owned), Cost of Plant and Machinery, Labor Cost, Raw Material and at-least 2-3 Months Working Capital.
Projects having tremendous demand- Prepared by EIRI, India
We at EIRI has recently identified the following most profitable projects (10 Profitable Industries between 5 Lacs to 10 Lacs) having bright future scope and having tremendous demand in future.
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Spices Manufacturing Unit
Spice processing and packaging are considered as a profitable business in India. Any individual can start spice business as small, medium and large scale basis as per his or her investment capacity. Even a home-based spice business is also profitable in India. Additionally, you can start with one or two variety of spice. As your business grows, you can shift to a full-fledged spice processing company.
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Namkeen/Snacks Manufacturing Unit -
The Namkeen food business is growing considerably. The huge demand for snacks shows a lot of scope in this line of business. Products like bhujia, chana-chur, and dal month are well known in India and overseas as well. Disposable income mixed with a fast-paced lifestyle have led to an extensive growth in this sector.
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Adhesives/Glue Manufacturing Unit -
The adhesives and sealants industry includes two chemically similar but functionally different groups of formulated products, adhesive and sealants. Adhesive products are used to create a bond between two different or similar materials. Sealants are used to create an impenetrable barrier to gas or moisture. Adhesives and sealants are made from precise blends of petroleum-derived plastic resins, synthetic rubber elastomers, and agents or additives used to enhance certain characteristics. The final formulation ultimately depends on the end use. Industries that typically use adhesives and sealants include construction, consumer products, assembly, packaging, labeling, and transportation.
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Ginger Garlic Paste -
Ginger garlic paste is one of the essential ingredients in Indian cuisines. It is added to almost all of the Non-vegetarian preparations and a few vegetarian dishes in Hyderabadi cuisine. Ginger and Garlic Paste is mainly used as a condiment in various food preparation. Additionally, it dominates the cooking paste market. Ginger garlic paste is one of the primary cooking ingredients. In all the regions of the state, garlic and ginger are grown abundantly and consumed as such. Additionally, people consume it daily, in every house. In present days, customers are more attracted towards instant foods, instant mixes, spices etc.
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Toilet Cleaners -
MANUFACTURING PROCESS OF TOILET BOWL CLEANER is not very complicated. For the production, there is need usable and tried a formulation, raw materials and mixing tank. For raw materials to be used, quantities to be used and ingredients usage rankings, you should look into this formulation. Therefore, formulation and productıon methods of toilet bowl cleaner are important. If you have not a good formulation, you cannot make healthy and efficient production of any detergent derivatives.
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Floor Cleaner - Phenyl (Black & White) -
In view of the demand, there is the good scope to start one or two small units in all the important towns of the state. The demand for phenyl is rapidly increasing due to the propagation and awareness regarding the importance of hygiene. Phenyl is a strong deodorant and germicide for disinfecting areas covering places like hospital, nursing homes, drains, lavatory, toilets, and cowsheds and is extensively used for sanitation purpose. It is notified as a “Drug” under the Drug Act and as such, prior permission and License from Drug Control Authority is necessary for its production.
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Soya Milk -
Soybean is an important oil seed in India. In addition, soybean is the second largest acreage crop in the United States, right after corn. There are several value-added products we can produce from this oil seed. And any individual can soybean processing business with small capital investment. Here in this article, we intend to provide 6 most profitable soybean processing business ideas to the entrepreneurs. Soybean is rapidly emerging as the most important oilseed crop in India. Due to its immense potential as food, feed, fodder, fuel and industrial production; Soybean is popular as “golden bean” or “miracle bean”.
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Herbal Hair Oil -
Herbal hair oil manufacturing is a very relevant business idea in the present circumstances when people are very much aware of their appearance and personality as well. From eight to eighty, everybody needs hair oil to keep their hair healthy and manageable but herbal hair oil has a great significance to nourish our hair and treat many hair related issues like hair fall, hair growth, and dandruff, hair graying and much other. In fact, it contains variety of herbal ingredients like Amla, Bahera and Harar dry fruits, Brahmi plants, Aleovera juice, Mehendi leaves, lemon oil, almond oil, olive oil etc. Either single or along with the two or more ingredients are mixed with base oils like coconut, sesame or castor oils to produce different types of herbal hair oils.
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Papad Making Unit -
Papad is a thin wafer-like very tasty and popular food product. Any individual can initiate papad making business as small-scale, home-based basis or in a large scale. It sometimes described as a cracker or flatbread. The other popular names are Papadum and Papar. Papad can be cooked by deep-frying, roasting over an open flame, toasting or microwaving, depending on the desired texture. Papad making is considered as a very lucrative and profitable food manufacturing opportunity, considering the low-cost capital investment. Demand for different varieties of papad is increasing steadily. The demand is steady throughout the year and it generally hikes 10-155% during the festive season. In the Indian context, there is some national brand, but the market is predominantly controlled by local manufacturers. In initiating papad making business, it is advisable to make a prior market research about the preferred tastes of local consumers.
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Paper Shopping Bags -
Paper Bag making business can definitely survive for a very long time as you know that its emergence was only before a few years. So, it’s the right time for you to enter into the market and develop your company. Keeping all the business plans aside, focus on quality of the produced bags. This is the key to bring your company to the center stage of the market. If you compromise on the quality, then the whole process and plan becomes useless. In this article you will learn about how to start paper bags making business, what are the machines required and most important, investment required to start this business.
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 me posted if you have any query related to industry startup or need any suggestions.
Thank You
Sudhir Gupta
CEO, Engineers India Research Institute
New Delhi, India
Website: https://www.eiriindia.org/
Email: contact@projectreports.eiriindia.org
Phone: (+91)9811437895, (+91)9811151047