Profitable Business Ideas with 1.50 – 2 Crore
List of Business Ideas to Start Your Own Industry with 1.50 – 2 Crore (Plant and Machinery Cost)
With job uncertainty increasing by the day, there has been a flurry of start-ups in the recent years. While no start-up is ever guaranteed to succeed, innovative ideas have come to light in the process. Today most large business was once just a small startup and with constant effort and proper business plan, they have grown to a large extent.
Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the Indian economy and is widely acclaimed as engine of economic growth, particularly in the context of Make in India initiative of the Government of India.
MSMEs play a noteworthy role in economic and social development, thereby providing flip to entrepreneurship, as they have inherent characteristics of being innovative and responsive to changing market dynamics. Being complementary to large industries this sector contributes hugely to the socioeconomic development of the country. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost but also encourage entrepreneurial activities in rural and backward areas.
Undergarments (Men and Women)
Undergarments or underwear are clothes worn under other clothes, often next to the skin. They keep outer garments from being soiled by bodily secretions and discharges, shape the body, and provide support for parts of it. In cold weather, long underwear sometimes is worn to provide additional warmth.
The global men’s underwear market size was valued at USD 10.14 billion in 2018 and is expected to growth CAGR of 5.3% from 2019 to 2025. Improving fashion trends, increasing disposable income, and changing consumer lifestyle and preferences are expected to boost the market growth.
On the basis of demographics, behavior traits, lifestyle activities and purchase patterns, the typical consumers of the women’s innerwear market can be divided into three distinct categories: Urbane Enthusiasts, Exuberant Seekers and Thriving Homemakers. The Indian innerwear market is primarily dominated by women’s innerwear which accounts for 64 percent of the total innerwear market and it accounts for 15 percent of the total women’s apparel market. Various product categories in women’s innerwear are – brassieres, camisoles, panties, tees, nighties, shorts, etc. Brassieres and panties contribute 85 percent of the total women’s innerwear segment. Women’s innerwear segment is poised to grow at an impressive growth rate of 12 percent over the next decade to reach Rs 56,364 crore by 2027 from current market size of Rs 18,454 crore.
Bio plastic Film
A bio plastic is a substance made from organic biomass sources, unlike conventional plastics which are made from petroleum. Bio plastics are made through a number of different processes. Some use a microorganism to process base materials, such as vegetable oils, cellulose, starches, acids and alcohols.
The global bio plastic packaging market is expected to grow from USD 5.94 Billion in 2018 to USD 24.84 billion by 2026 at a CAGR of 18.69% during the forecast period from 2019-2026.
Cashew Nut Processing Unit
The raw cashew nuts are procured from the local farmers and local market. These cashew nuts are dried in the sun for a period of two days and are then stored in the gunny bags for processing through the year. The processing of cashewnut is a four stage process, each designed to produce quality edible cashew kernel.
The cashew market was valued at USD 9.9 million in 2018, and is projected to reach a value of USD 12.7 million dollars by 2024, witnessing a CAGR of 4.6%. Among all the cashew producing nations, African countries contributed 56.5% of the global production, while Asian countries contributed 44%, in 2018.
Industrial Gases and Specialty Gases Mixture
Industrial gases are the gaseous materials that are manufactured for use in industry. The principal gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene, although many other gases and mixtures are also available in gas cylinders. The industry producing these gases is also known as industrial gas, which is seen as also encompassing the supply of equipment and technology to produce and use the gases.
The global industrial gases market was worth US$ 75 Billion in 2018. Industrial gases refer to the gases produced in large quantities for usage in industrial processes. Depending on their uses in different sectors, these gases are also known as fuel, medical, refrigerant or specialty gases. Some of the industrial gases, such as oxygen and helium, provide a base for life support for artificially ventilated patients and for all the modern anesthetic techniques to advance medical care.
Biodegradable Plastic Products (Bags, Plates & Glasses)
Biodegradable plastic is plastic that decomposes naturally in the environment. This is achieved when microorganisms in the environment metabolize and break down the structure of biodegradable plastic. The end result is one which is less harmful to the environment than traditional plastics.
The global biodegradable plastic market accounted for US$ 2,989.8 MN in 2018 and is expected to grow at a CAGR of 14.5% during the forecast period 2019-2027, to account to US$ 10,086.2 MN by 2027.
Thinners and Solvent Thinners (Blending and Bottling)
A thinner is a volatile solvent that is used to dilute or extend oil-based paints or cleanup after use. Common solvents used as paint thinner chemicals include mineral spirits, mineral and true turpentine, acetone, naphtha, toluene, methyl ethyl ketone (MEK), dimethylformamide (DMF), glycol ethers and xylene.
The solvents & thinners market is grow from 4.6 billion in 2019 to USD 5.2 billion by 2024, at a CAGR of 2.7% from 2019 to 2024. Surging demand for paints & coatings from decorative, automotive, industrial, and protective paints & coatings industries is fueling the growth of the market across the globe. Increasing demand for residential and commercial buildings from emerging economies acts as an opportunity for the growth of the aliphatic hydrocarbon solvents & thinners market, worldwide.
Solar Panel
Solar panels are devices that convert light into electricity. They are called solar panels because most of the time, the most powerful source of light available is the Sun, called Sol by astronomers.
The market is driven by a rise in global energy demand. Also, the increasing investments in renewable energy sources are anticipated to boost the growth of the solar energy storage market.
Aluminium Cans Manufacturing
Aluminium cans are every day commodities that people come across on a regular basis, whether it’s while they are grocery shopping, taking their lunch break, or pondering in front of a vending machine. The aluminium beverage can is now the popular choice for carbonated and still soft drinks, mineral waters, beers and lagers.
The Aluminum cans market, in terms of value, is estimated to grow significantly in 2017 and expected to grow rapidly during the forecasted period at a CAGR of around 2.9%. Increase in intake of processed food & beverages, increase in shelf life of products and growth in disposable income of consumers stimulate the growth of aluminum cans market globally.
Virgin Coconut Oil
Virgin coconut oil, or VCO, is made by cold-pressing the liquid from the coconut meat, then separating the oil from the milk and water. Refined, bleached and deodorized, or RBD, oil is made from the coconut copra or dried kernel and may be chemically treated.
The global Virgin Coconut Oil Market is reach approximately USD 5 billion by 2024, registering a significant CAGR of 9.5% during the forecast period, 2019–2024. The unrefined coconut oil derived from dried coconut through expeller-pressing is mainly referred to as virgin coconut oil. The major determinant driving the growth of global virgin coconut oil market is the surging demand for virgin coconut oil for culinary purposes at home or in the Horace industry.
Readymade Garments
India readymade garments market is anticipated to register a steady growth during the forecast period owing to growing e-commerce platform along with organized retail channels. Moreover, the opening of exclusive showrooms, selling garments through online retail space and tie-ups with online vendors to facilitate easy sale and supply of readymade garments to end customers is further bolstering the growth of readymade garments market in the country. Furthermore, increasing urbanization and development in the country, changing consumer lifestyle are some other factors driving readymade garments market in India.
India’s Garment Industry has been rapidly &steadily growing in last ten years. Exports have been rising as there is an increase in orders from international buyers accompanied by a rise of investments in the garment sector of the country. The Indian Garment Industry is of major importance to the Indian economy as it contributes substantially to India’s export earning, it is estimated and analyzed that one out of every six households in the country depends on this sector either indirectly or directly for its livelihood. From all over the world the Retailers also increasingly come to India attracted by low production costs.
India’s Garment Industry was a un-organized sector a few decades ago, but now this is considered to be the well-organized sector and among the best in the world. Indian Garment Industry has carved out a niche in the international markets and earned a reputation for its durability, quality and appearance. Today’s changing consumer preferences – buying branded apparel and fashion accessories, major boom in the garment retail industry, people shopping at department and discount stores, shopping malls, with rising disposable incomes, government policy focused on fast-track textile export growth, and ambitious goals have created several investment opportunities in India.
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