Top 10 New Business Ideas In India 2017 |

New Business IDEAS for India Market

New Business / October 1, 2016

Ganesh Shelke1. Bakery

Bakery is one of the most profitable food processing business opportunity one can initiate by having own or rented space. Selecting the right product and proper marketing strategy are the major deciding factor in getting success in bakery business. According to the demand and financial aspect you will need to choose the specific products for your bakery business.

2. Banana Wafer Making

Banana wafers are under-ripe bananas that are cut into slice dipped in syrup solution, dried under the sun or by oven, fried and eaten as snack food or dessert. These can be sold both in the local and export markets. You can initiate this business as small scale basis.

3. Biscuit Making

Biscuit making business is very lucrative and can be initiated as small scale basis. Biscuit making is a conventional activity and an entrepreneur can initiate this business with low startup capital also. Despite the advent of modern, large capacity and automatic biscuit making plants, large section of people still prefer fresh biscuits from local bakery as they are cheap and offer many varieties.

4. Bread Production

Quality bread provides fiber and carbohydrates in a convenient, low fat form that is portable and delicious. Good bread never goes out of style. Bread production industry has several diversification opportunity. Fresh quality breads are always in demand for both urban and sub urban areas. Bread production process is also not complex.

5. Cashew Nut Processing

The manufacturing activities that are involve in cashew nut processing are cell cooking, cutting, cashew karnel drying, peeling, grading and packing. Cashew nut processing can be initiated as small scale and also as an export oriented plant. Simple machinery are required.

6. Cheesecake Making

Ingredients required for cheesecakes production are cheese, sugar, strawberries, wheat flour, egg, maize, vegetable oil, starch, salt, preservative, colour and essence. Cheesecake is also very versatile. It works well with a wide variety of flavors ranging from lemon and chocolate to pumpkin. Cheesecake making business can be started as small scale basis.

7. Chocolate Making

The production process of chocolate may vary according to the different quality of chocolate. Also according to the availability of raw material you can decide the taste and ingredients for chocolate production. Chocolate making is one of the most profitable food processing business.

8. Coconut Milk Powder Production

Coconut milk powder has a good market potential not only in India but also in various other countries. Coconut milk powder has advantage of long shelf life, less storage places required and lower cost of bulk packing. Coconut milk powder is one of the most trending food processing business opportunity for new entrepreneurs.

9. Coconut Oil Manufacturing

Coconut oil is used as an important cooking medium. Apart from this coconut oil has various industry applications. It is used in the manufacture of toilet soaps, laundry soaps, surface active agents and detergents, hair tonics, hair oils, cosmetics, etc. Location is one of the most important factor in starting coconut oil manufacturing. It should be nearby the area where from raw materials can be procured easily.

10. Condensed Milk Production

Sweetens condensed milk has an good market opportunity both in domestic and export sector. The only main raw material is good quality milk. condensed milk production is one of the most profitable food processing business any individual can initiate with substantial capital investment.

11. Custard Powder Production

In starting custard powder production, required raw materials are corn flour, arrow root starch, food colours and essence. Easy availability of raw materials made this business lucrative and profitable. A small scale unit can also be established with some simple machinery. Custard powder is one of the popular food considered as desert.

12. Dalia Production

The increasing demand for nutritional and ready to eat food, has increased the market potential of dalia. Dalia manufacturing business can be initiated as small scale basis with simple machinery. Production process is simple. Dalia production does not imply major licensing issues.