30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost): Start Your Own Industry
30 Profitable Business Ideas under 75 Lakhs – 1 Crore (Plant and Machinery Cost): Start Your Own Industry
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.
Aluminium Foil Containers
Aluminum foil containers are formed by combining mechanical and air pressure to force light gauge aluminum foil into a shaped die cavity. Esthetically appealing aluminum foil containers are ideal for table-ready service after the container has functioned first as a package and a heating utensil. Aluminum foil containers are used to prepare, freeze, store, transport, cook and serve a variety of foods. Containers made from aluminum foil are the only containers that can be used in all types of ovens: microwave, conventional, convection and broiler.
The global aluminum foils market is expected to grow at a CAGR of 5.5 percent until 2020 to reach 6.4 MMT during the forecasted period. The demand for beverages, which is a major end-user of aluminum foil, is expected to grow at 4 - 5 percent by 2022. However, the economic conditions of major beverage consuming countries are facing difficulties, which is expected to hinder the growth of aluminum foils in the market. The demand for aluminum foils is going to increase in regions such as Brazil, Venezuela, Argentina, and Mexico of which nearly 35 - 40 percent of the market share will be occupied by the packaging industry.
Bleaching Powder
Bleaching Powder is an oxidizing agent and the activity is measured in terms of available chlorine, which is the same weight as that of gaseous or liquid chlorine that would exert the same action as the chlorine compound.
The Global Bleaching Powder Market 2019-2026 Industry Increasing demand for water and wastewater treatment is one of the major factors which are anticipated to drive the demand for bleaching powder during the forecast period. Bleaching powder is a disinfectant widely used in water treatment. It primarily consists of calcium hydroxide, calcium chloride, and calcium hypochlorite.
Instrument Cable
Instrumentation cables are multiple conductor cables that convey low energy electrical signals used for monitoring or controlling electrical power systems and their associated processes. These cables are used in diverse applications within industrial process manufacturing plant for control, communication, data (analog/digital) and voice transmission signals etc.
The global Cable Glands market was valued at $1,763.0 million in 2017, and is projected to reach $2,841.9 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. A cable gland, also known as sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be used with probes, wires, power, and signaling cables. Cable gland is used for electrical power, control, instrumentation, information, and broadcast communications links.
House Wire
House wires are available in various types such as Fire retarding/fire retardant cables [FR cables], Fire retardant Low smoke halogen cables [FRLSH cables] and Fire retardant zero halogen cables [FRZH cables].PVC Cables are used for power distribution in all types of electrical wiring, control cables, House cables and Telephone cables. With the development of industrial sector and with increase in power generation the demand of the cable is going to be more.
India insulated wire and cable market is forecast to grow at a CAGR of 10.3% through 2023, predominantly on account of growing government investments towards infrastructure development projects. Development of Smart Cities across the country under Smart Cities Mission coupled with increasing number of electronic devices per household and development of manufacturing industries under the ‘Make in India’ initiative, which is driving demand for power, are expected to boost market demand in the coming years.
Hybrid Electric Scooter Assembling
A plug-in hybrid electric vehicle (PHEV) is an HEV that can be plugged-in or recharged from wall electricity. PHEVs are distinguished by much larger battery packs when compared to other HEVs. The size of the battery defines the vehicle’s All Electric Range (AER), which is generally in the range of 30 to 50 miles. PHEVs can be of any hybrid configuration. PHEVs start in ‘all electric’ mode, runs on electricity and when the batteries are low in charge.
India electric scooters and motorcycles market size valued at $24.6 million in 2016, it is expected to grow at a CAGR of 45.4% during 2017- 2025.Some 4,50,000 electric two-wheelers were sold in India in the past eight years.
Lead Production (Litharge, Refined Lead, Red Lead & Grey Lead)
Lead is a relatively soft metal with bluish-white lusture but on exposure to air, it becomes covered by a dull, gray layer of basic carbonate that adheres closely and protects it from further oxidation or corrosion. It is an important component of batteries, and about 75% of the world's lead production is consumed by the battery industry. Lead is also commonly used in glass and enamel.
India Lead Acid Battery Market is projected to grow at a CAGR of over 9% during 2018-24.India lead acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. Entrepreneurs who invest in this project will be successful.
E-Waste Recycling Plant
E-WASTE is a collective name for discarded electronic devices that enter the waste stream from various sources. It includes electronic appliances such as televisions, personal computers, telephones, air conditioners, cell phones, electronic toys, etc.The Electronics Recycling operates to the WEEE directive for efficient electronics disposal. The WEEE Directive aims to reduce the quantity of waste from electrical and electronic equipment and increase its re-use, recovery and recycling.
India’s ‘production’ of e-waste is likely to increase by nearly three times, from the existing 18 lakh metric tons (MT) to 52 lakh MT) per annum by 2020 at a compound annual growth rate (CAGR) of about 30%.
Organic Fertilizer from Solid Waste
Organic fertilizers do, indeed, have valuable properties as soil amendments. In particular, their humus content enhances the efficiency of mineral fertilizer, improves soil structure, increases water retention by soil, and decreases soil erosion. All the nutrient elements are prevent to some extent in soil or other natural materials in forms useful for the plants but, with the frequent exception of micro-nutrients such supply in generally not adequate for sustained aid economic production of crops.
The demand for fertilisers is divisible into three nutrients: nitrogen (N), phosphates (P2O5) and potash (K). Potash is used in the mineral form and is mainly imported for India's fertiliser requirements. Some plants produce only nitrogenous fertilisers, a few phosphatic and others mixed.
Biofertilizer (Granules)
Organic fertilizers do, indeed, have valuable properties as soil amendments. In particular, their humus content enhances the efficiency of mineral fertilizer, improves soil structure, increases water retention by soil, and decreases soil erosion. Organic substance which have a very low nitrogen content or a high C/N ratio, can give rise temporarily to nitrogen deficiency in plant and consequently reduce the yield. All the nutrient elements are prevent to some extent in soil or other natural materials in forms useful for the plants but, with the frequent exception of micro-nutrients such supply in generally not adequate for sustained aid economic production of crops.
The demand for fertilisers is divisible into three nutrients: nitrogen (N), phosphates (P2O5) and potash (K). Potash is used in the mineral form and is mainly imported for India's fertiliser requirements.
Steel Hinges & Tower Bolts
Hinges are devices that are made out of two symmetrical or none symmetrical sheet metal pieces pivot joined together with wire rod for free swinging of the two parts and are used to support doors or windows of buildings and furniture allowing a swing about the support frames. Tower Bolt is a rod-shaped bolt for fastening a door or the like, attached to one side of the door at the edge and sliding into a cylindrical casing on the frame of the opening. These may be ferrous or non-ferrous.
The growth of this industry is directly linked with the growth of housing construction, ship building industry, automobiles and railways etc.
Lithium Ion Battery (Battery Assembly)
Lithium batteries are now powering a wide range of electrical and electronical devices, including laptop computers, mobile phones, power tools, telecommunication systems and new generations of electric cars and vehicles. Lithium ion batteries are those that can be recharged. As an example, laptop or cell phone is likely to have a lithium ion battery.
The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP.
Water Soluble Fertilizer Blends for Drip Irrigation Systems
A water soluble fertilizer is a compound that dissolves easily in water and provides nutrients for plants. This type of fertilizer may then be absorbed quickly and completely by the plant root system. It is typically used entirely by the plant and washes out of the soil without leaving behind an excess of unused nutrients or toxins. With water soluble fertilizers it is easy to control the precise amount of nutrients available to plants.
India water soluble fertilizers market stood at around $ 185 million in 2016 and is projected to grow at a CAGR of over 6% to surpass $ 356 million by 2027, on account of increasing popularity of complex water-soluble fertilizers and micronutrients in horticulture and ornamental crops.
Poultry and Broiler Farming
Poultry farming is the raising of domesticated birds such as chickens, turkeys, ducks, and geese, for the purpose of farming meat or eggs for food. Poultry are farmed in great numbers with chickens being the most numerous. Poultry meat is an important source of high quality proteins, minerals and vitamins to balance the human diet. Specially developed varieties of chicken (broilers) are now available with the traits of quick growth and high feed conversion efficiency.
Indian poultry sector has been growing at around 8-10% annually over the last decade with broiler meat volumes growing at more than 10% while table egg at 5-6% driven by increased domestic consumption.
Tungsten Carbide Rod
Tungsten carbide (WC) is an inorganic chemical compound containing equal parts of tungsten and carbon atoms. In its most basic form, it is a fine gray powder, but it can be pressed and formed into shapes for use in industrial machinery, tools, abrasives, as well as. Tungsten carbide is approximately three times stiffer than steel, and is much denser than steel or titanium. Tungsten Carbide Hard Metals are primarily produced using a Powder Metallurgy process. Tungsten carbide rods, commonly used to make drill bits, PCB board micro-drill, mold thimble, die top etc.
The global tungsten carbide market, by value, is estimated to witness growth at a CAGR of 4.4% over the period 2016 to 2022.
Plastic Battery Containers
Battery containers made of molded plastic generally have internal partitions formed as integral parts of the bottom and side walls of the container and extending all the way to the top edge of the container to prevent the leakage of liquid between adjacent cells. These containers are usually formed as unitary structures in a single molding operation.
The container is the outer part of a lead acid battery which hold down all the components of a lead acid battery together. The container of a lead acid battery is to be resistant to sulfuric acid and should not deform or become porous or contain impurities which might deteriorate the electrolyte.
PVC Wires and Cables
Cables are the source of carrying power and signal in power plants, refineries, process industries. PVC cables are extensively used for domestic home appliances wiring, house wiring and internal wiring for lighting circuits in factories, power supply for office automation, in control, instrumentation, submarine etc. PVC and polyethylene are the two main polymer types used for wire and cable insulation.
Revenues from the wires and cables industry in the India are expected to expand to INR ~ million in FY’2019 growing with a CAGR of 18.5% from FY’2014-FY’2019.The electric wire and cable market in India to grow at a CAGR of 16.18% over the period 2015-2019.
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Arabic Gum
Gum arabic is a complex mixture of macromolecules of different size and composition (mainly carbohydrates and proteins).Gum Arabic, also known as Gum Acacia, is a natural gum harvested from the exterior of Acacia trees in the form of dry, hard nodules up to 50 mm in diameter, and ranging from almost colourless to brown. Its unique properties endow it with a wide range of uses in food, beverage, pharmaceutical and industrial applications.
The growth of the global market is driven by the rising income levels, multiple functionalities of gum arabic in the food & beverages industry, and the rising awareness regarding the medicinal benefits of gum arabic.
Banana, Onion, Orange and Tomato Powder
The fruit & vegetable powders are specialized foods that have extremely high concentration of vitamins, minerals and phytonutrients. They make a great addition to smoothies and other recipes. Dehydrated vegetable and fruit powders are more practical than their fresh counterparts for food manufacturing. They have a longer shelf life and some powders like are packed with essential vitamins and minerals. While powders are high in demand, the problem is that most of them exist with bland flavors and colors. This is extraction, processing, and storage.
Onion powder is considered to offer enhanced taste and better texture owing to which it has become an essential ingredient in a number of applications in the food industry.
Plastic Waste Recycling Plant
Plastics are made from limited resources such as petroleum, and huge advances are being made in the development of technologies to recycle plastic waste among other resources. Mechanical recycling methods to make plastic products and feedstock recycling methods that use plastic as a raw material in the chemical industry have been widely adopted, and awareness has also grown recently of the importance of Thermal recycling as a means of using plastics as an energy source to conserve petroleum resources. Recycling plastics has many benefit, it contributes to energy savings and the reduction of greenhouse gas emissions. It also saves non-renewable sources like oil and gas. Bottles made of polyethylene terephthalate (PET, sometimes PETE) can be "recycled" to reuse the material out of which they are made and to reduce the amount of waste going into landfills.
Fish and Prawn Feed
The production of fish meal from fish offal and surplus fish benefits both the national economy and the fisherman and should not be regarded as a salvage operation. If the raw material is of an only nature, for example herrings, fish oil is recovered as an additional product and finds a variety of outlets, much of it going, after suitable refining treatment, into edible fat mixtures. Prawns (shrimps) are produced from the sea, estuaries, brackish water lakes and fresh water areas, both by fishing as well as by farming. Prawn farming is nothing but culture of prawn in an enclosed water body. There are several varieties of shrimps and only four of them are considered to be viable for farming at present in India.
Fish farmers in India have increased access to high-quality feed this year, as Cargill has opened its first feed plant dedicated to fish species in the country.
Bordeaux GP Red B
Dyestuff is a general industry term covering both dyes and pigments in terms of chemistry, reactions and properties. Dyes are intensely coloured organic compounds or mixtures used for imparting colour to the substrates ranging from cloth, paper, and leather to plastics in a permanent fashion. Fast Bordeaux GP base (2-nitro 4-methoxy aniline) is an intermediate dye used for yarn dyeing as raw material for pigments and for printing of cotton. Dyestuffs have been classified in different categories based on the criteria like the colour, origin (natural or synthetic), chemical structure or constitution, applications and method of application.
There are several types of dyes, however in India disperse, reactive and direct dyes are most commonly used. Pigments are insoluble substances and could either be in powdered or granular form.
Aluminium Ingot from Aluminium Scrap
Ingots are very large casting products, greater in size and shape than blooms, billets and slabs. Ingot generally has rectangular/square cross section, but it is not necessary that it should be uniform throughout its length. (Ingot may have variable cross section.). Aluminium Alloy Ingots like LM-2, LM-4, LM-6 which are commonly used in Gravity and Sand Casting, Pressure Die Casting Alloys like LM-13, LM-14, LM-24, ADC-12, ALSI-132 etc.
Aluminium consumption in India was dominated by the power (39%), automobiles 5 (23%) and construction (15%) sectors. Demand for aluminium is likely to rise 7-8% in 2015- 16 and 2016-17, as demand from key end-user sectors increase.
Wood Pellets from Saw Dust
In general, any biomass is suitable as raw material for pelletizing. Currently woody biomass is the predominant raw material for fuel pellet production. The main constituents of wood are the elements carbon (C), hydrogen (H) and oxygen (O). Other important elements are nitrogen (N), sulfur (S), magnesium (Mg), chlorine (Cl) and potassium (K) which are present in varying amounts. The density of logged wood is between 400-750 kg/m3. The ash content is around 1% or less but is strongly dependent on bark and needle portion as well as the level of secondary contamination like adhering soil. Pelletizing of hardwood is more difficult and requires the adaption of the pelletizing process.
Thus, softwood is most commonly used with spruce, fir and pine being the most common woody raw materials. Wood has been used for heating and fuel purposes for thousands of years.
Ready Mix Concrete with Concrete Blocks
Ready mix concrete has advantages in the area where immediate requirement of concrete mixture like in the preparation of bridge overhead roads on or the road construction. In India there is a hope to get good scope of RMC within short period. The batching, mixing, transportation, placing, compaction, finishing and curing are very complimentary operations to obtain desired good quality concrete. The good quality concrete is a homogeneous mixture of water, cement, aggregates and other admixtures. Concrete blocks for building houses were first made in Europe around 1850. The mass-production of concrete blocks under way in step with the development of the cement industry chiefly in Western Countries around 1918.These include crushed stone, gravel, sand coral, volcanic cinders, slag, foamed slag, furnace clinker etc.
Power Transformer
A transformer is a device that transfers electrical energy from one circuit to another through inductively coupled conductors—the transformer's coils. If a load is connected to the secondary, current will flow in the secondary winding, and electrical energy will be transferred from the primary circuit through the transformer to the load. Transformers range in size from a thumbnail-sized coupling transformer hidden inside a stage microphone to huge units weighing hundreds of tons used to interconnect portions of power grids. A transformer is a device for transferring energy in a system from one circuit to another. It consists of two independent electric circuits linked with a common magnetic circuit. This energy at low voltage may be transformed to energy at high Voltage, or vice versa.
The global power transformers market was estimated to be 11,352 units in 2013 and is expected to reach 16,994 units by 2020, at a CAGR of 5.9% from 2014 to 2020.
LPG Cylinders (Domestic and Commercial)
LPG Cylinder is an essential item for filling liquefied petroleum gas used for cooking purpose. The body of LPG cylinder is deep drawn in two pieces then these are welded together to make a compact unit without any leak and defect etc. LPG cylinders are in use in 5 Kg., 12 Kg., 14.2 Kg. & 19 Kg. capacities. While all the cylinders are spray-painted with a signal red color. BPC cylinders have yellow ring around the bung. HPC cylinders in blue ring and IOC cylinder are fully red. In case of 19 Kg. cylinders the top is painted olive green. The cylinders carry their complete history with regard to their serial number, Tare/Gross weight, water capacity, ISE monogram test date, manufacturer identification and year of manufacturing. For domestic use, cylinders typically will have capacities ranging from 4kg to 15kg whereas for commercial and industrial use, these will range from 45kg to 50kg.
Dehydrated Onion
Onion is one of the most important commercial vegetable crops grown in India. It contains vitamin B and a trace of vitamin C and also traces of iron and calcium. All onions for processing are grown from specific varieties best suited for dehydration. The main advantages of dehydrated onions are that they are easy to store, being lighter in weight and smaller in bulk than fresh or other processed onions. They are cheap to pack compared with canned goods.
There are different types of dehydrated onion in the market. Dehydrated onions are used chiefly as a constituent in various food products i.e. they are sold to manufacturing concerns as an industrial raw material and demand for dehydrated onions is a function of the demand of these food products.
Button Mushroom Cultivation
Button Mushroom is the most popular mushroom variety grown and consumed the world over. In India, its production earlier was limited to the winter season, but with technology development, these are produced almost throughout the year in small, medium and large farms, adopting different levels of technology. In the last ten years, large numbers of commercials units have been built by the entrepreneurs/ farmers throughout the country for the production of button mushrooms.
However, commercial production of white button mushroom was initiated in the hilly regions of the country (17- 18°C) like Chail (Himachal Pradesh) Kashmir and Ooty (Tamil Nadu).
Spices (Masala)
Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. They impart aroma, color and taste to food preparations. The volatile oils from spices give the aroma and the oleoresins impart the taste.
India is the largest producer, consumer and exporter of spices and spice products in the world and produces more than 50 spices. India is also a big exporter of Chilli, turmeric, cumin, pepper and many other spices. There are a number of masalas with various ingredients.
Herbal Wine
Wine is an alcoholic beverage made from fermented grapes, generally Vitisvinifera or its hybrids with Vitislabrusca or Vitisrupestris. Grapes ferment without the addition of sugars, acids, enzymes, water, or other nutrients as yeast consumes the sugar in the grapes and converts it to ethanol and carbon dioxide. Different varieties of grapes and strains of yeasts produce different styles of wine.
There are also wines made from fermenting other fruits or cereals, whose names often specify their base, with some having specific names. Wines made from plants other than grapes include rice wine and various fruit wines such as those made from plums or cherries.
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