Most Profitable Industries in INR 25 Lacs (USD 30000)

Aiming to be an unbeaten entrepreneur is not about having ideas that no one has but about making them happen the way no one has. There’s no dearth of ideas, but one has to spot the right one. If entrepreneurship and self-employment have been your financial dreams, then a hobby or a passion can be converted into an advancing business venture, provided that you have the correct and accurate business funding and acumen.

New niche products and changing technology are opening up whole new manufacturing business ideas for startups. From meal kits to bioplastic packaging, consumer demand is creating exciting opportunities for enterprising manufacturers.

Before investing in a business, check out local demand for your production, typical pricing as well as competition to be sure that you can create a profitable business model. Your chances of success will increase if you can get one of your potential customers to act as a mentor who will help you fine-tune your business plan for your market.

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.

Need Help? Click Here to Ask

Non Woven Fabric Bags

Non-woven bags are usually made out of any biodegradable material. The long and short fibres of an eco-friendly material are pressed together and made into a bag and this, in turn makes the bag convenient to print on, eco-friendly and appealing to the eye. Non woven Bags is the need of the time. It is alternate for plastic bags and it has the following advantages: 1) 100% recyclable 2) Bio-degradable and can burn without toxic contaminants 3) No PVC coating or water used in manufacturing process 4) Greater durability means they are more reusable 5) Screen printing available.

In a small budget we can start non woven carry bags unit. No need to invest big investment. I started the business through online. Avoid using these plastic bags use only non woven carry bags.

Buy Technology Books:
LED Lamps & Tubes Assembly

LED tube light could replace for traditional fluorescent tubes in the following places like hotels, hospitals, factories/offices, commercial complexes conference/ meeting rooms, schools/colleges/universities, residential/institution buildings. Thus, due to demand it is a good project for entrepreneurs to invest.

Conventional lighting systems represent mainly incandescent light bulbs and compact fluorescent lights (CFLs).LED lighting system provides advantages over conventional lighting systems in terms of better energy efficiency, better energy costs, longer lifetime, less temp. Sensivity, higher light output. This leads them to be better Lighting substitute and good market prospect. Therefore the market prospect for LED based Lighting system is good and booming.

Buy Technology Books:
Detergent Cake & Powder

Synthetic detergents occupy a vital place in the present age particularly when the modern society is constantly looking for quick, effective and economic cleaning agents. Synthetic detergents emerged as a regular industry after Second World War only. The development of this industry is closely linked with Petro-chemical industry which forms the basic for its raw materials. Among the numerous detergent powders are available today in the market eg. Fena, Hipoline, T.Series, Areal, Surf, Sunlight, Nirma, Wheel detergent powders and cakes are most popular.

Buy Technology Books:
PET Bottles

Plastic industry expects to get a great thrust after a gloomy period in the last two years consecutively. Weakening Rupee value against the US Dollar made the situation worse. Nevertheless, the tough time is over and the industry expects a turning point in the forthcoming years. While plastic usage in India was primarily in household consumer durables, people expected that there will be new areas like health care, infrastructure, and agriculture demanding for it. Plastic becomes a material of choice because of its sensational properties and low cost.

Buy Technology Books:
BOPP Self Adhesive Tapes

BOPP adhesive tape which is quite a recent development in the field of modern packaging. Which is rapidly replacing the cello tape due to itsexcellent mechanical, optical and barrier properties. It is widely accepted forthe decorative, flexible packing operations and has gained a spectrum of popularity. BOPP adhesive tape is a pressure sensitive self adhesive tape. It is a combination of pressure sensitive adhesive and BOPP film. In dry form, it is a aggressively tacky at room temperature and adheres firmly to even rough surface. BOPP film is highly resistant to weather, heat, aerial oxidation and others. That is why it is used for packing purposes. The pressure sensitive self adhesive BOPP tape has various application in packaging industry. It has very good properties.

Buy Technology Books:
Plastic Waste Recycling Unit

PET bottles are the global number one in beverage packaging. More than 400 billion plastic bottles come on the market every year and PET is becoming increasingly valuable as a recyclable raw material used in the production of beverage bottles. Thus, it is important that all of the production steps applied for the manufacture of your PET bottles are made sustainable for the future.

Buy Technology Books:
Thinner Manufacturing

Thinner is a hydrocarbon (naphtha) or oleoresinous solvent (turpentine) used to reduce the viscosity of paints to appropriate working consistency usually just prior to application. In this sense, a thinner is a liquid diluent to except that it has active solvent power on the dissolved resin. There is vast scope in manufacturing unit.

Buy Technology Books:
Banana Powder for Babies

Banana is a globally important fruit crop with 97.5 million tones of production. Banana is one of the major and economically important fruit crop of Maharashtra. Banana occupy 20% area among the total area under crop in India. Maharashtra ranks second in area and first in productivity in India. Jalgaon is a major Banana growing district in Maharashtra which occupy 50,000 hectares area under Banana. But most of Banana is grown by planting suckers. The technology development in agriculture is very fast, it results in developing Tissue Culture Technique.

Buy Technology Books:
Note Book & Register

The need for exercise book still matters even to the business man, health agents, doctors, nurses and all works of live. Ok, calculate the money spent on exercise books; think about the number of books you have used and how much you spent on them. Now think about how rich you could have been if you have the same money paid to you from thousands of students (not considering other sources of exercise book consumption).

Buy Technology Books:
Surgical Bandages

Absorbent Cotton also known as surgical cotton or cotton wool is mainly Used for medical purposes in hospitals, nursing homes, Dispensaries etc., because of high fluid absorbency power, it is Better known as absorbent cotton. The absorbent cotton should be Chemically inert and soft to give maximum protection and should Not cause irritation. These properties can be achieved by Manufacturing the product as per standard method of manufacture.

Buy Technology Books:

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/

Need Help? Click Here to Ask

Email: contact@projectreports.eiriindia.org

Phone: (+91)9811437895, (+91)9811151047