Quick Summary
Manufacturing businesses play a crucial role in the Indian economy. They reduce reliance on agriculture. Further, they boost employment in other sectors. India’s manufacturing industry has seen a gradual rise. However, this sector currently contributes only 17% of India’s GDP. The untapped potential in this sector beckons exploration and innovation, making it ripe for promising and transformative manufacturing business ideas.
These b2b manufacturing business ideas are a great start. For example, starting a spice powder-making business can be profitable. It has a low entry barrier and a vast market. Other home manufacturing business ideas include making candles, soap, and incense sticks. These are in high demand in domestic and international markets.
Here are some popular small-scale manufacturing business ideas that you can easily start.
The detailed list below shows India’s top 10 low-cost manufacturing business ideas:
Are you creative? Then you can start a handmade craft business. You can sell various products, this can include jewelry, home decor, and pottery. It’s one of the great manufacturing business examples available. This is one of the best manufacturing business ideas from home that can be started.
Here are some of the basic things you require to start your business.
You need to consider the below factors.
Here are the examples of businesses that got success.
Soap and candle making comes under small manufacturing business ideas. It only needs basic equipment and raw materials. The demand for handmade soaps and candles is increasing. You can start small and scale up their production.
This business involves low overhead costs. You can operate from home on your own time. You can also employ women in rural areas. With the right skills and marketing strategies, soap and candle-making can be profitable.
Here are some of the basic things you require to start your business-
You need to consider the below factors-
Here are the examples of businesses that were successful-
T-shirt printing is a unique manufacturing business idea in India. It has gained much popularity and has become a trend. The demand for customized T-shirts is increasing. This also increases the need for unique businesses that cater to that need. These manufacturing business ideas need low investment with a small setup.
Here are some of the basic things you require to start your business-
You need to consider the below factors-
Here are the examples of businesses that got success-
Jewelry making is another of India’s most creative small-scale manufacturing business ideas. These involve designing and crafting various types of jewelry. The industry is competitive. Many small-scale businesses are operating nationwide. Skilled artisans play an important role in the industry. The demand for Indian jewelry has increased globally. In the coming years, these manufacturing business ideas will grow further.
Here are some of the basic things you require to start your business-
You need to consider the below factors-
Here are the examples of businesses that got success-
Do you love baking? Then why not convert it to business? Baked goods are popular manufacturing business ideas in India. You can start this from home. People love baked goods. If you can provide good taste, then you can create a successful business.
Here are some of the basic things you require to start your business-
You need to consider the below factors-
Here are the examples of businesses that got success-
Pet treats are a unique manufacturing business idea in India. Pet owners always search for good quality pet food. You can start it from home with a very low capital. It is among the most unique manufacturing business ideas.
Here are some of the basic things you require to start your business.
You need to consider the below factors-
Here are the examples of businesses that got success-
3D printing is a modern, low-cost best manufacturing business idea. You can start this from home. Planning for a 3D printing business stands as a profitable idea. The demand for it is going to increase in the future. It is one of the most profitable manufacturing business to start as there can be big profit margins.
Here are some of the basic things you require to start your business
You need to consider the below factors.
Here are the examples of businesses that got success-
Personalized gifts act as a low-cost manufacturing business for ladies. These manufacturing business ideas are unique. It provides products tailored to the recipient’s needs. This kind of manufacturing business idea needs creativity and attention to detail. You can invest small in this business and grow it eventually.
Here are some of the basic things you require to start your business.
You need to consider the below factors-
Here are the examples of businesses that got success-
Organic farming is a profitable manufacturing business idea. Such manufacturing business ideas for rural areas have become very common and popular.
Here are some of the basic things you require to start your business.
You need to consider the below factors-
Here are the examples of businesses that got success-
You can consider recycling and upcycling as low-cost manufacturing business ideas. Recycling involves converting waste materials into new products. In contrast, upcycling transforms discarded items into higher-value products. Both methods are profitable manufacturing business ideas.
Here are some of the basic things you require to start your business-
You need to consider the below factors-
Here are the examples of businesses that got success-
To convert your manufacturing business ideas to reality you need to take the following steps:
You should identify a profitable niche. Discover a feasible market for your product by researching sectors, trends, and customer demand. Create a company plan that includes goals, strategies, and financial estimates.
Buy or lease an appropriate area and ensure zoning compliance. Arrange all of the necessary equipment and machinery. Buy or rent the essential tools. Set up and maintain the supply chain and logistics.
Obtain the required certifications for your industry and environmental permissions. abide by all health and safety rules. Make ensuring that rules and industry standards are followed.
For manufacturing business ideas to become a success, marketing is crucial. Create a marketing plan that suits your product. Create plans for branding, advertising, and promotion. Pay close attention to the sales plan, price, revenue predictions, and sales channels.
There are many low-cost manufacturing business ideas for aspirants. With your creative mind, invest in one of these manufacturing business ideas. You can build successful companies by focusing on these smart marketing strategies. While the above ideas required low initial investments, you need to invest minimal capital.
Innovative, low-investment ideas for the hidden entrepreneur in you! Explore our guide on Business Ideas.
Also Read:
Some most profitable manufacturing business are:
1. Automotive Manufacturing – High demand for vehicles and parts.
2. Electronics – Phones, computers, and gadgets are essential.
3. Pharmaceuticals – High margins in drug production.
4. Food & Beverage
5. Consumer Goods
The cheapest manufacturing business to start:
1. Handmade Crafts
2. Soap and Candle Making
3. T-Shirt Printing
4. Jewelry Making
5. Baked Goods
To open a small factory;
1. Conduct Market Research – Identify demand, competition, and target audience.
2. Create a Business Plan – Outline production, costs, and financial goals.
3. Secure Funding – Look for loans, investors, or personal savings.
4. Find a Location
5. Obtain Permits
No, business is 100% profitable. But the teaching business is one of the most safe business where there are less chances of loss.
Top business to start with 1 crore:
1. Franchise Business – Invest in established brands like food chains or retail.
2. E-commerce – Launch an online store for niche products.
3. Manufacturing – Start a small-scale unit for items like packaging, textiles, or furniture.
4. Real Estate
5. Hospitality
To read more related articles, click here.
Got a question on this topic?
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
© 2024 Chegg Inc. All rights reserved.