Best Businesses to Start in Chhattisgarh

Chhattisgarh is in central India and is a highly forested state prominent for its waterfalls and temples.  Precisely, Chhattisgarh is located in east-central India.  It covers 52,199 square miles area and is bounded to the north by Jharkhand and Uttar Pradesh, to the south by Telangana, to the east by Orissa, and to the west is Madhya Pradesh and Maharashtra.

The Chhattisgarh economy is primarily on agriculture, mining, manufacturing, and energy production. The state has huge deposits of dolomite, iron ore, coal, and other minerals. Rice production is more in the central lowland, and the entire state has tendu leaves found in bulk suitable for bidis. The state's activities in manufacturing are largely focused on the production of metals. Chhattisgarh supplies hydroelectric and thermal generators, proving the electricity a significant regional supplier. 

Mineral resources are the biggest strength of this state. It produces minerals such as iron ore, coal, and dolomite in huge quantities. There are considerable reserves of limestone, bauxite, and quartzite in the state. Tin ore reserves account for 35.4% in India from Chhattisgarh alone and it is the alone state producing tin concentrates.

Fortunately, Chhattisgarh has surplus power and is a utility-based electricity profitable state. It has installed a 13,076.27 MW capacity power generator, comprising under private utilities 8229.83, under state utilities, 1971.05 MW, and under central utilities 2875.39MW.

In addition, Chhattisgarh has IT/ITes policies, food and agro-processing, solar energy, biotechnology, and minerals sectors. Today it ranks fourth considering the ease of business among Indian states and reforms implementation as per KPMG and World Bank.
 
The steel industry is one of the biggest heavy industries of the state. Chhattisgarh is rich in minerals. It produces 20% of the country’s total cement produced. A wide range of fiscal and policy incentives for businesses have been announced under its Industrial Policy, 2014-19. Here in this article, we have accumulated the top 10 small business ideas in Chhattisgarh for new entrepreneurs.
 
Chhattisgarh has promising opportunities and the state-of-the-art infrastructure for entrepreneurs to establish and run their businesses smoothly. The tax incentives provided by the state government make Chhattisgarh a lucrative business destination. It can become an entrepreneurial hub in the next few years if substantial investment flows in. It has huge investment potential and is on the fast track of development.
 
Today, almost 80 per cent of the population is dependent on agriculture and small scale industry in the state. Chhattisgarh is committed to a strong industrial growth that is focused on some of the most raw and basic industrial sectors. It seems that entrepreneurship can be build up in this area drastically. Similar to Prime Minister Narendra Modi’s concept of “Make in India,” the state government has started focusing on “Make in Chhattisgarh.”
 
The need of the hour is to create a favourable investment climate in the state to enhance industrial production and create additional employment opportunities. The government is planning to come up with new industrial parks to set up business units. It already has Metal Park, Apparel Park, Engineering Park and Aluminium Park at Rawabhata, Raipur, Bhilai and Korba, respectively. [source]
 

Most Profitable Industries to Start in Chhattisgarh

  1. Chapati, Thepla & Other  Snacks (Chakri, Puri & Khakhra) Manufacturing Plant
  2. Jaggery Plant (Gur)
  3. Khaini (Miraj Type)
  4. Laundry &  Dry Cleaning
  5. Non Woven Carry Bag
  6. Tomato Ketchup
  7. Tmt Bar Manufacturing
  8. Wall Putty (White Cement Based) Manufacturing & Formula
  9. Non Alcoholic Hand Sanitizer
  10. Surgical Kit
Other profitable business you can consider are:
  • Aluminium Extrusion Plant
  • Aac Blocks Plant
  • Alcohol Based Hand Sanitizer
  • Automatic Hand Wash Soap Solution
  • Aluminium  Ingots Manufacturing
  • Animal Feed Plant
  • Ayurvedic Pharmacy
  • Agarbatti
  • Beer Plant
  • Bio Gas Production &  Bottling
  • Biodegradable Cutlery & Tableware From Rice Straw
  • Banana Fibre Manufacturing
  • Candle Making  Unit
  • Casting Set  Up For Railway Bogie Manufacturing
  • Copper Ingot From Scrap
  • Cold Storage
  • Coal Washing Unit
  • Cashew Nut Processing
  • Cashew Nut Shell Liquid (Cnsl)
  • Cosmetic Manufacturing
  • Condom Manufacturing
  • Cement From Rice Husk
  • Chapati, Thepla & Other  Snacks (Chakri, Puri & Khakhra) Manufacturing Plant
  • Disposable Needles
  • Epoxy Coated Tmt Bar (Sariya)
  • E-Rickshaw
  • Fish Farming (Prawn)
  • Granite Mining
  • Gems & Jewellery Manufacturing
  • G.I. Wire & Ms Binding Wire
  • Holyday Resort
  • Hot Dip Galvanising
  • Jaggery Plant (Gur)
  • Khaini (Miraj Type)
  • Liquid Tinopal
  • Laundry &  Dry Cleaning
  • Layes Egg Farming
  • Lithium Ion Battery Assembling  Unit
  • Ld Granules From Waste Plastic
  • Lpg Storage And  Bottling Plant
  • Mineral Water Plant
  • Mega Food Park
  • Multiplex Milk With Pvr (4 Screen)
  • Non Woven Carry Bag
  • Npk Fertilizer
  • Paper Tubes
  • Paper Bags
  • Paper Rolls For Packaging
  • Personal Protective Equipment Kit (Ppe Kit)
  • Paper Cones
  • Poultry Farming
  • Pan  Masala
  • Precipitated Lime Stone (Precipitated Contain Carbonate)
  • Plastic Recycling Unit
  • Polyurethene Rigid Foam
  • Quick Lime/Slack Line
  • Ripening Chamber
  • Rice Mill
  • Rice Flour Mill
  • Railway Wagon Manufacturing
  • Sanitary Napkin
  • Stainless Steel Wire
  • Steel Wire Drawing
  • Spices Manufacturing Unit
  • Solar Cooker
  • Sponge Iron
  • Sewing Thread Manufacture
  • Silica Raming Mass
  • Sweets & Namkeen Manufacturing
  • Solar Pv Module Manufacturing Plant
  • Township
  • T-Shirts Manufacturing
  • Tomato Ketchup
  • Tmt Bar Manufacturing
  • Urea Plant
  • Wall Putty (White Cement Based) Manufacturing & Formula
 If you need any help in creating project report or need any detail related to starting new industry, please contact us
 

List of the state schemes to start a new manufacturing unit

Chhattisgarh is industrializing since the 20th century. The government is allowing a planned development to take place and establishing many industrial estates at Bhilai Nagar and Raipur.

There are medium and large-scale steel industries in dozens producing pig iron, hot metal, ingots, rails, sponge iron, plates, etc. Metal industries are many and among the new manufacturing units, many enterprises are emerging such as microelectronics production and high-tech optical fibers that are receiving full support from the government. 

Cement works and other assorted mills producing sugar, paper, textiles, flour, lumber, and oil are in private sector industries. Several factories manufacture synthetic fibers, fertilizer, and chemicals. Chhattisgarh’s small-scale industries are concentrating on traditional handiworks such as carpets, textiles, thread embroidery in gold and silver, and pottery.

Business loan schemes by the state government

Chhattisgarh farm loan waiver scheme is the cream loan from the state government. 

Farmers having commercial banks loan will be renounced after the amount is properly analyzed.
The state government will give a 16.65 crop loan to farmers, to sum up the agricultural sector to 6100 crores. It aims to waive off the loans taken from the CG Gramin and Cooperative banks by the farmers. 

Many businesses are worth considering, but to avail loan schemes from the state government are:
Alcohol-based sanitizer for hand, Agarbatti, Aluminum extrusion plant, Ayurvedic Pharmacy, Biodegradable Tableware & Cutlery from Rice straw, Cold Storage, Candle making unit, Cashew Nut processing, and more.

BANKABLE PROJECT REPORT

Before you start any industry, you need to get project report prepared. Readers who do not know about project report, let me explain - A Project Report is a document which provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.
 
Project Report is a written document relating to any investment. It contains data on the basis of which the project has been appraised and found feasible. It consists of information on economic, technical, financial, managerial and production aspects. It enables the entrepreneur to know the inputs and helps him to obtain loans from banks or financial Institutions.
 
The project report contains detailed information about Land and buildings required, Manufacturing Capacity per annum, Manufacturing Process, Machinery & equipment along with their prices and specifications, Requirements of raw materials, Requirements of Power & Water, Manpower needs, Marketing Cost of the project, production, financial analyses and economic viability of the project.
 

Below are few mandatory details you should include in your project report:

  • Present Market Position and Expected Future Demand,
  • Market Size,
  • Statistics,
  • Trends,
  • SWOT Analysis and
  • Forecasts.
 
Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
 

Report should include:

  • Plant Capacity,
  • requirement of Land & Building,
  • Plant & Machinery,
  • Flow Sheet Diagram,
  • Raw Materials detail with suppliers list,
  • Total Capital Investment along with detailed calculation on Rate of Return,
  • Break-Even Analysis and
  • Profitability Analysis.
 
The report should also provides a bird's eye view of the global industry with details on projected market size and then progresses to evaluate the industry in detail.