India is home to a vast diversity of communities following different religions, customs, and cultures. That is why investors all over the world see India as a hub of business opportunities. They show a ruthless interest in investing their money in India.
While Indians do everything possible to lead on all fronts, unemployment is still the biggest problem. The only treatment for unemployment eradication lies in the entrepreneurship injection. Our youth population should come forward for entrepreneurship instead of craving for government jobs. That shall also help our country to become a self-sufficient and export leader.
Another problem with us is that we always want to start a new and innovative type of business. We don’t wake up to the ground truth that there are already many areas where potentially profitable startups can be created. Anyway, here are the 10 ideas for starting a small business in India. These businesses luckily demand low investment and have a vast local and national market potential today and in the upcoming years.
1. Healthcare clinics
Healthcare issues are widespread in India, not only in people who live in cities but also in villages. Nearly 70% of our country’s population lives in village areas. However, surprisingly they need to go to cities for treatment. That means the need of the hour is launching more healthcare facilities in rural areas.
Whether budding or fully grown, entrepreneurs should take advantage of a large number of certified physicians staying unemployed all over the country. They should also avail the help of easy availability of startup finance schemes and start healthcare clinics in remote areas, including hilly and plain area villages.
2. Wedding planners
Indian wedding has turned into an opulent affair, something that should impress people no matter how expensive it gets, and each year lakhs of wedding events occurs across the country.
Indians nowadays want to celebrate marriages lavishly, and you know such events require meticulous planning and attention to detail. This has resulted in the demand for wedding planners who have the ability to plan and organize everything for throwing grand wedding events.
To take a successful plunge as a good wedding planner, you require excellent planning, organizing & communication skills, and of course, knowledge of fashion and local rituals and customers. Many Indians are also becoming accustomed to exotic location weddings. Wedding planners should, therefore, capitalize on this new trend as well.
3. Cement tiles manufacturer
The Indian cement tiles market is still mostly untapped, and experts predict its explosive growth in the upcoming years.
Cement tiles are widely used for flooring in bathrooms, kitchens, patios, and even terrace. With meager industry competition, a simple manufacturing process, low input costs, and most importantly, the great ease of access to raw materials, aspiring entrepreneurs can confidently start cement tiles manufacturing business in India.
4. Vacation rental business
Statistical surveys show that India’s tourist arrivals are increasing year on year and you know foreigners who come here for spending vacations need accommodation.
Vacation home rentals are constantly growing in demand everywhere, including India, because they prove affordable and flexible over hotels. It is even believed that vacation homes will lead to the collapse of hotels in just a few years, says Entrepreneur Magazine.
5. Recycling Business
India, on each passing year, is drowning in waste. The country largely lacks effective initiatives for recycling plastics, paper, and other forms of recyclable waste.
With almost negligible competition on the ground, entrepreneurs have multiple opportunities of making money by turning waste into useful products. Not only can local entrepreneurs save many already flawed landfills, but it can also prove one of the best employment solutions for the country’s large number of unemployed youth.
6. Mineral Water Bottle Plants
Indian aspiring entrepreneurs can also look forward to investing in mineral water bottle plants as the unavailability of fresh mineral water is one of those chief reasons that has been found responsible for demotivating the majority of foreign tourists to pay a visit to India.
7. Vegetable Seeds Production
Undoubtedly, in a big country like India, where 60% of the population relies on agriculture, there would be a significant number of vegetable growers and farmers who require vegetable seeds. Interested entrepreneurs, particularly rural ones, may hence start a vegetable seeds production business.
8. Mushroom Cultivation
Mushrooms especially button ones, are very popular in India, mostly among our vegetarian population. Despite being a favorite to many Indians, mushrooms’ production is still limited in our country, causing the fungus to be costly than meat and other vegetables. With the easy availability of dung and paddy straw, it is much easy for our entrepreneurs to start a mushroom cultivation business.
9. Poultry farming
In a country with diverse communities consuming high quantities of chicken and eggs, what other than starting a poultry farming business would be a compelling small business opportunity for local entrepreneurs.
10. Bio-diesel business
The promotion of biodiesel use is due to the need to reduce greenhouse emissions and find cheaper alternatives to standard diesel.
The daily consumption of diesel in India is in millions of barrels, and sadly all of it is imported from other countries. Therefore, biodiesel production within India has massive market potential and can offer customers a cheaper and cleaner alternative to diesel.
The cultivation of Jatropha plants can produce biodiesel, which can be grown on lakhs of cultivable wasteland hectares.