Textile Unit
Starting a textile unit requires big investment. However, the textile industry contributes 2% to the national GDP and earns 15% foreign currency for the country. Your textile unit will manufacture and supply all types of fabrics to the fashion industry. The factory location should be in an area which is well-connected.
The sector requires infusion of big capital but the profits generates are also big. However, for enter the business; it is imperative that you have got knowledge as well as the skills for operating the technology. It is going through amazing technological disruptions like any other vertical. It demands that you are in tune with the changes in the field.
Oxygen/nitrogen gas plant
Starting an oxygen gas plant demands requirement of big investment upfront. No denying, industrial gas business is capital-intensive but it promises high return. You will supply oxygen in liquid and gaseous form to industries including steel, chemical and medical. There is also huge business opportunity in starting a nitrogen gas generation plant and supplying nitrogen in liquid and gaseous form to industries including chemical, food packaging and petroleum.
For operating in the industrial gas plant market, it is essential that you know all the nuts and bolts of the business. However, it is a recession-free business as industrial and medical applications of oxygen will go increasing. In order to succeed in the business it is imperative that you have got adequate capital for meeting operating and other expenses. No doubt, you need to plan the business well from marketing to order execution.
Rice Mill
It is a profitable business. You will need sizeable investment for starting a rice mill. India is the largest producer of rice in the world. And, it is also the largest producer in the world for rice. Machinery employed at the mill removes the husk from rice to make it edible.
For becoming successful in a business, it is essential that you get a good deal of information on the rice market. Branding and marketing of rice is very important for capturing the market. We recommend that you get the rice mill machinery only from the reputed manufacturers and suppliers.
Beer and Wine-Making
Beer and wine industry in India has reached a valuation of USD 30 billion. There is a huge demand for both international and domestic products in the Indian market. Considering the market scenario, it is a big opportunity to start a beer and wine-making machinery. The business has huge potential seeing how the industry is growing every year.
Beer and wine making is an ever-green business. Come what may, people will continue to drink wine and beer. Even prohibition in different parts has not been able to stop people from drinking. The scale of the business demands proper planning and arrangement of finances. The industry has got immense potential to grow. There is space for many domestic players seeing the huge demand for wine and beer consumption.
Manufacturing Fabrication Plant
Metal fabrication is an important business essential to various industries. It involves cutting, welding, heating and brazing of metal structures. The metal fabricating process can also be used for making machinery, parts, components and different types of structures. The plant would also need hiring of specialized manpower.
Demand for fabrication will continue to increase in the future as it provides essential service for the industry. Every industry starting from steel , chemical to the entire manufacturing sector require welding, heating, brazing, cutting, etc.
Crane and Lifting Service
Crane and lifting business is an amazing option provides you have got the adequate capital. No doubt, it is imperative that you have financial resources to meet the operating expenses for at least one year. And, you can ensure the capital by taking loans from the banks or other financial institutions.
There are many businesses that are lucrative but need big investments. Starting a crane and lifting service is one of such businesses that promises high returns. The business is in high demand and it is certain that you will make high returns. However, it is essential that there is facility for maintenance service and repairing all types of parts of industrial cranes.
Transportation services
Transportation is one business which is essential for businesses. Though it needs sizeable investment but the business will return excellent returns. However, it would be pertinent to determine what kind of Transportation Company you will create. For successfully running the business it is important that you study the business in your area.
Transportation is the backbone of all trade and industry. It is this business that ensures movement of goods across the economy. Moreover, the industry is also essential for moving passengers. Nature of the business is capital-intensive but is reliable and recession-free. It essential service without any economy will come to halt.
Car Parking Services
Providing car parking services is one of the common businesses in cities. However, the business would need a vacant space where you would allow parking. The need for parking spaces will go increasing as more and more people are opting for owning their cars. When they go out there will need space for parking in the city while they go for shopping.
Petrol Pump & Gas Station
Amongst the most reliable businesses, starting a petrol pump & gas station comes at the top. The petrol pump or gas stations offers different types of fuels to vehicle owners including diesel, petrol and CNG gas. There is no denying that it is a very lucrative business. The key is to start a petrol pump at a prime location. It will definitely make you a great deal of money.
Marriage Halls
Weddings, birthday and numerous other occasions’ people celebrate with their near and dear ones. Every year there are two or three wedding seasons. Then you have got huge demand for booking marriage halls.
If you own a property with a capacity to hold 800-1200 people, you can develop it into a marriage hall. Then, you can rent it to people looking to book halls for celebrating weddings, birthday and Mundan ceremony parties.