Manufacturing IDEAS for Small Business in India
Do you want to start a manufacturing company? If YES, here are 50 profitable small scale manufacturing business ideas that cost little to start with high ROI.
One of the major vehicles that drive the economy of any nation is the manufacturing industry. Countries that are considered to be industrialized, advanced and economically buoyant are countries with vibrant and active manufacturing sector. No doubt the manufacturing industry is indeed an industry that is wide and all – encompassing – simply because manufacturing is all about producing goods, equipment, chemicals, machines, et al.
As a matter of fact, almost all the industries in the world rely on the manufacturing industry so as to effectively function. For example; the medical and health industry depends on the manufacturing industry to manufacture most of their equipment, tools and supplies that they need to function. So, also is the Agricultural industry which depends on the manufacturing industry to function; the machineries, the chemicals, and the tools that they make use of.
If you are considering going into the manufacturing industry, you have the option of starting on a small scale (production of components, homemade supplies, et al). You could choose to start on a medium scale and lastly you could choose to become a major player by starting on a large scale. Starting a large scale manufacturing business is indeed capital intensive, but if you are able to properly define your market and choose products that are highly marketable, then you won’t struggle to make even in the business.
Now let us quickly go through 50 business ideas that you can choose from if you want to start a business in the manufacturing industry;
- Manufacturing of Children’s Toys
Children all over the world can easily relate with toys no matter the language they speak or the color of their skins. This goes to show that there is a very large market for children’s toys. So, if you are considering starting a business in the manufacturing sector, you can consider going into the manufacturing of children’s toys. Just like any other business, if you are able to break into the market you will sure make huge profits from this business.
- Manufacturing of Papers and Notebooks
Although the campaign for preserving trees and our ecosystem is gaining prominence and people are encouraged to reduce the numbers of papers they use – especially if they have options, but the fact remains that there is a very large market for the paper industry.
The market cuts across all sectors because people need papers in schools, in offices and everywhere businesses are conducted. Hence, if you live in a country where you can easily get permits to fall trees, then you should consider starting papers and notebooks manufacturing business. It is indeed a profitable business.
- Electric Bulb and Electrical Fittings Production
Electric bulbs and electrical fittings are found in buildings that you can find around you, except in places where civilization and electricity has not reached. This goes to show that there is a global market for electric bulbs and electrical fittings.
As such, if you are considering starting a business in the manufacturing industry; a business whose products can easily attract buyers, then you should consider going into the production of electric bulbs and electrical fittings. Although the market for electric bulbs and electrical fittings is competitive, but if you are creative with your production, you are likely not going to struggle to get your own market share.