Most Profitable Industries Below 5 Lakhs (Below USD 5000)
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 below 5 Lacs) having bright future scope and having tremendous demand in future.
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Coolant Manufacturing Unit
Engine Coolant is a mixture of various types of glycols and highly formulates & researched various corrosive inhibitors. De-mineralized water is mixed with the coolant as per suggestion and used in the engine-radiator cooling system to remove excess heat of engine. The purpose of Coolant is to remove excess heat produced from the engine operation, to control corrosion and scaling, antifreeze and boil over the radiator water. So many years ago water was used to reduce the temperature. Water is an effective heat transfer fluid but it boils at very low temperature., highly corrosive and format scaling. It impure the cooling liquid by accumulating corrosive and scaled waste. So it chocks up tubes of radiator and finally engine overheats. The complexity is increased with the use of aluminum alloys in the head, water pump and radiators. To protect against the heat, corrosion of aluminum and other metals & scaling; coolant creates a special protective film on all metals. Our this specially researched protective film have important role in the cooling system.
This special corrosion inhibitors film technology is only researched and used by us in India.
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Candles Manufacturing Unit
The main purpose of the wax is to provide the fuel for the flame so the burning characteristics of the wax are extremely important. A good candle wax should produce a candle which burns steadily, lasts for a long time, produces very little, smoke and gives a good quality light. In addition, candle wax has other functions. It must be rigid enough to support the wick in a vertical position; it must be suitable for processing by one of the various candle making techniques; and it must look attractive.
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Potato Chips
Potatoes are consumed not only as a fresh vegetable, but also in a variety of processed forms. Dehydrated potato products have been known for long and are especially valued because they afford convenience for use; they have good storage stability and are relatively any to transport. In recent years, there has been, a great spurt in the consumption of processed products, such as potato chips, dehydrated meshed potatoes, and frozen potato products. Potato chips are basically used for snacks purposes. They are produced by rapid dehydration of potato slices by direct contact with hot fact. Its crispness and special palatability make it the favorite of people of all age group.
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Detergent Powder
The synthetic detergent industry is one of the largest chemical process industries. The most recent estimates indicate an annual U.S production of synthetic detergents of about 3 million tones with an approximate annual value of 2 billion. The industry differs from many other chemical process industries, however, in that the bulk of its production is sold directly to individuals for house hold consumption primarily as branded products, rather than to industrial or institutional users.
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Shampoo
Among them, the consumption of special soap which is used for medical purposes and shampooing is not large. Industrial soap which is important, being used in the textile industry etc. is not consumed in a large quantity, either. Household soap which is most important quantitatively accounts for the larger part of the consumption of soap. The production of laundry soap has sharply decreased in recent years with the global spread of synthetic detergents. Indeed, it appears as though soap has given place to synthetic detergents. However, toilet soap enjoys a stabilized demand and its manufacture is not likely to lose in importance for a long time to come.
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Dairy Farming
Dairy farm is a profitable business not only in India but in the entire world. As milk is a consumable product and needs in our daily life. Dairy cow farming means ‘raising highly milk productive cows commercially for milk production purpose’. It’s absolutely a part of agriculture or animal husbandry, enterprise for long term milk production from cows. Dairy cow farming business is not a new idea but a traditional one. People are producing milk from the years back. Dairy cow farming business is still a profitable business venture throughout the world.
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Paper Envelopes
The envelope industry is obviously a major consumer of paper. In the late 1990s envelope converters consumed $1 billion worth of paper and paperboard in their manufacturing processes, mostly uncoated freesheet and kraft paper, according to the U.S. Economic Census. Mailing and in-house envelopes, which use adhesive seals, metal clasps, or string-and-button closures, are another important segment of the industry, as are heavy-duty padded shipping envelopes and mailers. Converters also used $109 million worth of paperboard containers, boxes, and corrugated paperboard—primarily to ship their products. Additionally, converters used $40 million worth of glues and adhesives and $94 million of plastic film and sheet. The industry also used $359 million worth of other materials.
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Food Supply/Catering Business
Out Door Catering Business is the mobile Kitchen of modern vogue which caters to the taste of the modern man. It serves Veg./Non Veg. foods of different varieties including (Veg. Food, Chinese, South Indian and non-vegetarian foods). As people are becoming more modernized and meticulous about taste and they want ready-made instant food which there out door catering serve there to fulfill their desire at nominal cost.
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Agarbatti
Aggarbattis also known as udbathies, similar to Joss-sticks, are a development of dhoop agarbatti industry, is a cottage type industry and this industry is very simple. The principal form in which incense is burnt in this country is on sticks. They are principally made of sandalwood dust, but the incense burnt in the western countries in mainly made of olibanum, some specimens contains a little charcoal, benzion and storax of the incense sticks available in the market.
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Silver Extraction from Waste Hyposolution
The cleanest, least complicated method of extracting silver from spent photographic fixer solution is by electrolytic stripping. A rotating, small carbon or graphite anode is often used with a large, stationary, stainless steel cathode. The purity of the silver obtained from this process will run about 97% to 98% pure. Small amounts of silver left in the solution after electro-stripping are recovered by metallic replacement or Ion exchange resins. This is an extractive process not a refining process. Close attention to the power settings during the stripping process will prevent sulfiding on the cathode which slows the process. Silver from the stripping process is melted with fluxes and further refined to 999.+ in Balbach Thum Cells or Mobius Cells. Be aware that soluble silver salts are a biocide and various waste treatment processes are required before discharging your liquid wastes.
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