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

- BY Jaspreet Kaur
Feature Writer, BusinessEx
- |
- Jun 17,2021
- |
9 Mins Read
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.
More from Jaspreet Kaur
5 C’s Entrepreneur must be aware...
Getting a Loan is a difficult task so one must be prepare...
July 11, 20173 Min Read
What incubator provides startup...
Startups need incubators for their overall development...
January 10, 20183 Min Read
How to maintain a good business...
A good relation between mentor and entrepreneur builds...
January 20, 20183 Min Read
How online networking helps small...
A one stop solution for all business related problem...
January 22, 20183 Min Read
Why you should invest in a startup?
Investing in a startup is the fastest way to get a...
January 24, 20183 Min Read
When is the right time to exit...
Starting a business is not a child's play so it is...
January 29, 20183 Min Read
6 mistakes to avoid after raising...
Entrepreneur makes mistakes after raising funding which...
January 30, 20183 Min Read
What Startups and SMEs can expect...
Let's see what experts have to say on this year budget...
January 31, 20183 Min Read
5 things good mentors do differently
An entrepreneur seeks the support of a mentor in the...
February 05, 20183 Min Read
6 factors that contributes in business...
Running a business is a dream of many a people so make...
February 19, 20183 Min Read
6 tips to get investors on board
An entrepreneur always finds it hard to get an investor...
February 19, 20183 Min Read
What to keep in mind before selling...
Selling business is a big step so make sure that you...
February 20, 20183 Min Read
Recommended for you
- August 27, 2021
- September 30, 2021
- January 28, 2021
Latest News & Articles
- July 11, 2017
- January 10, 2018
- January 20, 2018