Top Profitable Manufacturing Business Ideas for Bihar, India
Bihar is endowed with a completely unique area-particular advantage due to its proximity to the huge markets of eastern and northerly India and Nepal. Bihar, fundamentally an agrarian economy, has a large agricultural and animal production base imparting considerable supply of raw cloth for the meals processing enterprise. Curiously, Bihar debts for ninety% of the sector manufacturing of Makhana(Fox Nuts). The state government has additionally embarked on an bold plan to add sizeable electricity producing ability in the coming years and is focused on to reap a total generating capability of 7270 MW by way of 2021-22.
Bihar is progressing speedy on the tune of development, with unrelenting efforts being made towards strengthening infrastructure and selling industrial increase. Authorities of Bihar is dedicated to enhance competitiveness of the state's economy and attaining inclusive boom. This could be found out with the aid of selling innovation and creating an ecosystem that nurture startups from concept to commissioning. That allows you to unlock the innovation potential of Bihar, a need of conducive and friendly Startup coverage has been realized. With this coverage framework together with private participation, the authorities ambitions to beautify the intensity and breadth of startup surroundings in Bihar.
Government of Bihar formulated and notified Bihar Startup Policy, 2016 vide Resolution No. – 1849 dated 7th September, 2016. This is to create an independent and transparent eco system, where the State shall provide funding, promotion and policy support. The State has setup a Trust, with an initial corpus of INR 500 Cr., which acts as the nodal agency for implementation of this policy.
Here are the few best and most profitable industries you can consider starting in Bihar:
Biodegradable Cups & Plates From Sugarcane Bagasse
Today consumption of Disposable products is breaking records. Disposable products are easy to handle, economical and can be disposed easily. With the changing lifestyle of Mankind, the use of disposable products is raising like anything. Plastic Disposable products are very popular because it can be carried easily and very low in prices too. This is 100% BIODEGRADABLE & COMPOSTABLE tableware, which is widely used in various functions ,restaurants , festivals as ECO FRIENDLY single time (Use & throw) crockery , it’s produce by Plant extract or residue like Sugarcane Bagasse (SCB) etc., which is Proven Environment friendly 100% Biodegradable and Compostable and not harmful for food, human , soil and Nature. This is becoming more popular due to environment awareness ,climate change & NGT/State govt. bans on recyclable plastics. This can be use in microwave and refrigerator also.
Bio Gas Production Purification And Bottling
Industrial gases are gaseous materials that are manufactured for use in Industry. The principal gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene; although a huge variety of gases and mixtures are available in gas cylinders. The industry producing these gases is known as the industrial gases industry, which is seen as also encompassing the supply of equipment and technology to produce and use the gases. Their production is a part of the wider chemical Industry (where industrial gases are often seen as "specialty chemicals").
Confectionery Unit (Toffee, Candy, Lollipop, Chewing Gum, Bubble Gum & Chocolate)
The Indian Confectionery market is one of the fastest growing in the world with a strong revenue of USD 11.56 billion in 2019. The market is expected to grow annually by 6.7% (CAGR 2019-23). The average volume per person in the Confectionery segment amounts to 2.3 kg in 2019.India ranks in the top 10 countries of the world in terms of revenue generation in this industry. According to Euromonitor, chocolate confectionery is projected to see a 4% retail value CAGR at constant 2017 prices and expected to reach INR 148 billion in 2022
HDPE Pipes Manufacturing
HDPE pipes are important plastic products which have wide range of applications. These have more tensile strength in comparison to other plastic pipes. These are being used for Sprinkler Irrigation System, potable water supply and sewerage purpose. Their low cost, easily installation and better durability make them ideal for the purpose. They also offer very good resistance to most of the chemicals and have excellent electrical insulation properties. These pipes are also used for circulation of acids in various chemical industries due to their acid resistant quality.
The demand of HDPE Pipes are likely to increase due to their wide use in various sectors in India. Apart from its regular uses, such as for irrigation system, water supply, sewerage, it is being used by Department of Telecommunication for conduit for optical fiber cables. Looking to its increased demand, it appears to be good scope for setting up new small scale industries. Hence the product has good market potential.
Liquid Calcium & Mineral And Vitamin Mixture For Cattles
In order that a cow with high milk yielding potential, which this country is looking forward to have in large numbers, produce milk to their inherited capacity, it will be necessary to provide adequate and balanced nutrition that should include high quality fodder and concentrates, mostly originating from ago industrial by products and wastes. The poor quality fodders like straws and stovers when chopped and fortified with urea, molasses and mineral mixture, improve in nutritive value and palatability. Such practice should be followed to maximize the utilization of valuable fodder resources. It is also necessary to preserve good quality forage as hay or silage to provide for feed during the lean periods. With the availability of food quality fodder and some feed concentrate to supplement the ration in meeting the various nutrient requirements, the milk production will certainly go higher even with the existing cattle and buffalo population.
Lithium Ion Solar Battery Manufacturing 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.
Milk Processing Plant
Milk is an important human food. It is palatable, easy to digest and highly nutritive. It contains proteins, fat, sugar, minerals and a liberal quantity of different kinds of vitamins. he importance of milk in human diet especially for children and expectant and nursing matters is vital. To meet the demand of the increasing population milk production in India has to be increased up to about 64 million tons. It is neither possible nor desirable to increase the cattle and buffalo population to achieve this target. This can only be achieved by stepping up milk production of our bovine population by cross breeding of cows and use of improved cows and buffaloes.
Mini Flour Mill
The plant will have facility to produce, Maida, Sooji, Atta and bran. These products will be sold as per the guidance issued for Food and Civil Supplies Department of the concerned state. The same plant can be used to process other cereals such as rice gram, dal etc However, attempt is made have to examine feasibility and profitability of processing wheat to produce Maida, Sooji, Atta and bran. Flour mill serve the purpose of processing wheat to convert it into flour. Wheat grains are the seeds of the wheat plant which is able to grow is kinds of soil and under widely differing climatic conditions. The principle wheat of commerce belong to the botanical groups Triticum vulgane, Triticum drum and triticum compactum. A grain of wheat is avoid in shape and it bears at one end a number of short fine grains.
Non Woven Bag Manufacturing Unit
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.
Poultry Hatchery Unit
Poultry farms are increasing steadily. Many government agencies are encouraging poultry farming and even short term training courses are organised regularly. Such farms have generated considerable employment opportunities in semi urban and rural areas. Marketing of poultry birds is expensive and death of birds during transit is the main bottleneck. This compels most of the poultry farms to concentrate on nearby markets even if it means less prices. Instead, if these birds are processed after dressing and packed in tins then transportation is easier, shelf life of the product goes up and the product is more hygienic. It is believed that the indian Poultry Industry is 5,000 years old, since last 4 decades it began to witness remarkable growth from backyard to poultry industry. The organised sector of poultry industry is contributing nearly 70% of the total output and the rest 30% in the unorganized sector.
Soy Milk & Paneer
Soyabeans are very much popular as food crop in most of the countries all over the world where a large number of food products are prepared form soyabean seeds. As edible oil milk and milk products giving sources crop the soyabeans are getting wide acceptance. In India too since last few decades. Souyabean seeds have a high nutritional composition ;and can be converted in to various states, tastes, colours, flavours and other quality substances. As far as the use of soyabean is concerned it has taken a place from soap industry to food industries like. The soya milk, in particular has been developed like a boon for human beings as large. The specialty lies in the fact that in the reasons when traditional cow milk buffalo milk is not available in sufficient quantity, this milk serves the purpose almost equitably to other animal milk type.
Theme Park
According to recent reports, the industry has seen a CAGR of more than 17.5 per cent with annual revenue of approximately INR 17 billion. The size of the Indian Amusement Park business is estimated to be around Rs 4000 crores and is estimated to grow by 10% per cent per annum in next couple of years. Currently for a population of 1.15 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centers. This indicates that the growth potential of Indian amusement and theme park industry is substantial. The high growth potential of the industry in highly populated India will boost tourism, social infrastructural development as well as employment generation. The success and growth potential of this industry is resulting into the advent of new manufacturers of amusement parks' rides in India.