Are you interested in working hard to start a business that is scalable and could potentially become one of the leading businesses of the country? Well some businesses have that potential others don’t. So here we have made a list of some of the business ideas that you can pursue if you want to establish a business on the large scale and earn great profits.
- Cement production plant
Cement production is one of the most lucrative large scale businesses in the Indian market because of the high demand. The cement industry generates over Rs. 4 lakh crore per annum, making it one of India’s largest industries. Cement is used in construction and other industries across India, which makes it a highly profitable business.
Starting a cement company in India requires a lot of investment and machinery, but once you have set up your plant, you can easily make profits by selling your cement at a much higher price than what you would get from selling it to another company.
- Food Park
The food processing industry is rapidly growing in our country to meet the increasing demands. Parallely we also see an increase in number of food parks as these are considered convenient by people and a good opportunity by entrepreneurs.
The Food Processing Act, 2006 came into effect on January 1, 2007, and has created an enabling environment for the growth of this sector. The Act provides for the establishment of food parks which can be set up by anyone who holds an industrial license from the State Government.
One of the key features of a food park is that it can house multiple units under one roof, thus saving on space and cost. Also, it enables economies of scale in production as well as marketing.
- Paper Mill
Paper milling is a traditional industry in India. It is one of the oldest industries in India and has contributed greatly to the country’s economy. The paper industry is spread across all states of India and employs thousands of people. There are many small and large scale paper mills in India, but most are located in Maharashtra, Odisha, Andhra Pradesh, Tamil Nadu and Karnataka. The raw materials used in making paper include wood pulp, recycled paper and cotton rags.
The paper industry primarily makes the following:
Newsprint: This is made from recycled newspaper fibres or other fibres like straws or corncobs. Newsprint is used for newspapers and magazines.
Bond Paper: This is made from bleached sulfite pulp that has been chemically treated with soda ash (sodium carbonate). Bond papers are used for printing checks and other important documents that need to be preserved for long periods.
Writing Papers: These include both office stationery items like envelopes and copy paper as well as personal use items like greeting cards and note pads.
- Tea Business
Indian tea is in demand all over the world. Having a tea garden accompanied by a processing unit is a very lucrative business. A small scale tea plantation will cost around Rs 10 lakhs to 12 lakhs and you can earn around Rs 1 lakh per month. If you have capital, you can invest on a bigger scale and earn more money. Tea is one of India’s top exports and it contributes more than 5% to the country’s total export earnings. This makes tea business an ideal opportunity for entrepreneurs who are interested in getting into the manufacturing and distribution of tea products. See more.
The potential market for Indian tea is huge as it has been increasing steadily over the last few years. Many foreign buyers purchase Indian tea on regular basis and this creates opportunities for new entrepreneurs to enter this lucrative industry as exporters or importers.
