Want to Start a Manufacturing Business in Delhi? Consider These Business Ideas

Looking for ideas to establish a business with a moderate amount of money? Then, there are several manufacturing business ideas that you can start. However, you have to identify the right type of small scale manufacturing idea. To start a big business requires a lot of money and involves equally high risk. On the other hand,a small business requires less money and involves less risk. It is advisable to initiate a venture by starting a small scale manufacturing business and engender revenue. 

Starting a business can be apparently easy and simple but when you execute a business plan then you recognise how daunting it is to establish a manufacturing business. According to a report by IBEF, manufacturing has emerged as one of the high growth sectors in India. Narendra Modi launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. The manufacturing sector’s Gross Value Added (GVA) at current prices was estimated at $350.27 billion as per the first advance estimate of FY21. The IHS Markit India Manufacturing Purchasing Managers Index (PMI) reached 55.4 in March 2021 from 57.5 in February 2021. The manufacturing GVA accounts for 19 per cent of the country's real gross value added.

While, the report by Ministry of  of Statistics and Programme Implementation stated Industrial production in India surged 134.4 per cent year-on-year in April of 2021, the biggest increase ever, beating market forecasts of a 120 per cent gain. A low base effect from last year is weighing on the data as production fell at a record 57.3 per cent in April 2020 when the majority of the establishments were not operating and many units had no production due to the coronavirus lockdown. Big rises this year were seen for manufacturing (197.1 per cent), mining (37.1 per cent) and electricity (38.5 per cent).

Coconut Oil 

Coconut oil is immensely employed by people in various activities such as cooking, body and hair. It is used in kitchenettes and also, in production of oil, soaps and hair products etc. You can start this manufacturing business with a small sum of INR 1 lakh. There are various such manufacturing business ideas in Delhi that you can kick-start at a budget of INR 1 lakh. 

Paper Manufacturing 

Paper is essentially employed in academic institutions and offices. In the industrial area,  paper is extensively used for billing and recording business transactions. Therefore, the demand for paper is high and so is investment on the product. To establish a paper manufacturing unit, you can set up a unit in a commercial place. Consider various factors such as paper size, volume and quantity while selecting a space. The usage of paper has increased tremendously after a further ban on plastic. To start the business, you can invest nearly INR 1-2 lakh.