Top Profitable Manufacturing Business Ideas for Maharashtra
Maharashtra is situated in the western region of the country. It is the most industrialised state in India and has maintained its leading position in the industrial sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of special export promotion zones. Maharashtra has a large base of skilled and industrial labour, making it an ideal destination for knowledge based and manufacturing sectors.
The state’s capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. The city is home to several global banking and financial service firms. Pune, another major city in the state, has emerged as the educational hub. It is the one of the largest producer of sugarcane, pomegranates and cotton in the country.
Below is the list of most profitable industry you can start in Maharashtra:
Activated Carbon Plant
The major end users of activated carbon are the chemical, pharmaceutical and food industries. The demand for powdered activated carbon is closely related to the need for purification and dicolorization of several industrial products. So far all the requirements of activated carbon in the country are met through imports. Growing air purification demand in domestic as well as commercial applications is presumed to aid the market further. Demand from other applications such as automotive, pharmaceutical & medical and food & beverage processing is projected to witness a brisk growth from 2016 to 2024.
Biodegradable Carry Bags
Biodegradable items like Biobags for natural waste are produced using common materials, for example, corn starch. These materials are compostable and designed to separate all the more rapidly. Compostable packs are produced using natural materials or polycaprolactone. Compostable items are helping numerous families and organizations to gather, discard, and manure their nourishment squander viably. By picking the eco-accommodating sacks, you can spare the earth and shield the biological community from plastic contamination.
Banana Fibre Extraction
Banana fiber is a natural bast fiber which has wide range of uses in handicraft product developments such as mat, rope and twines, but only 10% of its pseudo stem is being used for making products and remaining is waste or used as fertilizer. As it has a property like weatherproof, UV protection (because of lignin content), moisture absorption, anti-oxidant and bio degradable etc., it can be used to make variety of products that help farmers economically and have wide scope to create new market. Recent studies have indicated banana fiber possesses a lot of advantageous physical and chemical properties which can be used a very good raw material for the textile and packaging industry.
Dextrose Saline (I.V.Fluid)
Intra venous fluids, in general are used as I.V drips for patients in nursing homes and hospitals suffering from acute dehydration or considerable debilitating conditions. These I.V fluids replanish the body fluids. Though a number of I.V fluids are there, generally three types of I.V fluids are used in hospitals as I.V drips. They are as follows:- 1. Dextrose injection fluid 2. Dextrose and sodium chloride injection fluid
ENA (Extra Neutral Alcohol) From Maize
Extra neutral alcohol is an excellent solvent in the manufacturing of varnishes and perfumes. When a cosmetic product label lists “Ethyl alcohol” as an ingredient, it means extra neutral alcohol. It is a prime element in manufacturing deodorants, mouthwash, hairspray, after shave lotion, sanitizers, soaps, shampoos, and cologne and perfumes. Moreover, it is largely used for processing antibiotics, vaccines, tables, pills, and vitamins.
In several medicines, neutral alcohol is used as a disinfectant. However, the huge demand for extra neutral alcohol is due to its irreplaceable role in the breweries.
The distillation of neutral alcohol for human consumption is going on for centuries. Pure extra neutral alcohol is manufactured and sold in bulk to the distillers. They blend it, mix it with other flavors, brand it accordingly and sell it in for human consumption. However, there are several disadvantages regarding the manufacturing of neutral alcohol.
The global flexible packaging market size was valued at USD 221.82 billion in 2016. It is expected to expand at a CAGR of nearly 4.7% during the forecast period. Demand for flexible packaging is especially high for snack foods and beverages. Changing lifestyles of consumers coupled with increasing demand for environment-friendly packaging material is likely to stir up demand for flexible packaging over the coming years. Consumers, particularly in North America and Europe, prefer packaging that is light and aesthetically appealing. This will increase the use of plastic-based flexible packaging over the forecast period.
Laminated tubes are used for packaging across the globe in varied sectors such as oral care, food, cosmetics, pharma and industrial applications. The oral care industry in itself contributes to almost 70% of the total production of laminated tubes. These tubes are increasingly being used in the cosmetics sector for their cost-effectiveness. The tube packaging market size is expected to reach $11 billion in 2022 and will grow at a CAGR of more than 7% during the forecast period.
Lithium Ion Battery Assembling Plant
Transformative Mobility Solutions for All, a report released by India’s think tank “NITI AAYOG” earlier this year, laid down India’s roadmap towards 100% electric vehicles by 2030. By 2040, more than half of all new car sales in the world and a third of the planet’s automobile fleet (equal to 559 million vehicles) will be electric, according to a global outlook published in May by Bloomberg New Energy Finance. BNEF expects EVs to comprise about 7 per cent of vehicle sales in India by 2030 and 27 per cent in 2040.
Lithium Ion Battery Pack made products have certainly brought a revolution in this contemporary market due to their unique and distant features. They are regarded as the lightest metal in the world and are crafted in such a way that they are now compatible in form of batteries that sooth the requirement of both power banks and also used in other ways like- they are being fixed in several rickshaws, bikes, and cycles, giving them a unique modification and turning them into E- rickshaws, E-bikes and E- Cycles. Lithium-ion is used to get a source of additional energy that relieves the requirement of common people.
LPG Cyclinder Valves
Valves are a type of mechanical device that are implemented to regulate flow, pressure, or both, within a system. They an integral aspect of any piping system that requires a fair amount of control.The U.S., China, Saudi Arabia, Japan, and India are expected to remain as the leading consumer regions in the global LPG cylinder valve market, as well as being key contributors to their supply. The booming growth rate of the population in India and China is expected to create a massive surge in demand for energy within the Asia Pacific region over the coming years. Additionally, the demand for energy resources in African and sub-Saharan areas is also anticipated to increase further, supplemented by higher foreign investments in the coming years.
India is also a major exporter of Mango Pulp in the world. The country has exported 110923.73 MT of Mango Pulp to the world for the worth of Rs. 673.92 crores / 104.54 USD Millions during the year 2017-18. Mango production is throughout India. However, most of the pulp industries are established in Southern and Western India and these regions account for major proportion of export that happens from India. There is lack of industrial exposure in North and Eastern India. One can definitely look for setting up industries in those regions.
N-P-K refers to the ratio of important elements in a fertilizer or soil amendment. N stands for nitrogen, which is responsible for strong stem and foliage growth. P is for phosphorus, which aids in healthy root growth and flower and seed production. K stands for potassium, which is responsible for improving overall health and disease resistance. The worldwide market for NPK Fertilizer is expected to grow at a CAGR of roughly 2.0% over the next five years, will reach 35800 million US$ in 2023, from 32400 million US$ in 2017.
Non Woven Tarpaulins
For Industries which use Tarpaulin for covering food material such as grains the Tarpaulin is treated against ultraviolet light, these tarpaulins can last for years exposed to the elements.
- Water and UV-resistant, good weather ability.
- High tensile strength and do not cause any adverse environmental affects.
- Designed for extreme outdoor use.
- Good flexibility, easy handling, excellent tensile strength and tear strength.
- Economical, easy to transport and sustain long time for good performance.
- Excellent choice for the truck tarp industry.
- Resistant to mildew and chemicals
- Excellent resistibility to Agro-chemicals like phosphorus, ammonia, sulfur
Oleoresin Extraction From Chilli & Turmeric
India dominates the global market for spice oleoresin, which is in big demand from processed food and fragrance industries that now mostly prefer natural colouring and flavouring agents to artificial ones as consumers become increasingly health conscious. India controls 60% of the 13,500-tonne global spice oleoresins market even as China has emerged as a strong contender in paprika oleoresin, the most in-demand spice oil.
PET Recycling Unit
PET bottles are the global number one in beverage packaging. More than 400 billion plastic bottles come on the market every year and PET is becoming increasingly valuable as a recyclable raw material used in the production of beverage bottles. Thus, it is important that all of the production steps applied for the manufacture of your PET bottles are made sustainable for the future.
RTS Juice Plant
he packaged fruit juices market can be divided into three sub-categories: fruit drinks, juices, and nectar drinks. Fruit drinks, which have a maximum of 30 percent fruit content, are the highest-selling category, with a 60 percent share of the market. Frooti, Jumpin, Maaza, etc. are the most popular products in this category. Fruit juices, on the other hand, are 100 percent composed of fruit content, and claim a 30 percent market share at present. In contrast, nectar drinks have between 25 and 90 percent fruit content, but account for only about 10 percent of the market. The rising number of health-conscious consumers is giving a boost to fruit juices; it has been observed that consumers are shifting from fruit-based drinks to fruit juices as they consider the latter a healthier breakfast/snack option.
Projects having tremendous demand- Prepared by EIRI, India
We at EIRI has recently identified the following most profitable projects having bright future scope and having tremendous demand in future.
- Ayurvedic Panchkarma Resort
- Activated Carbon Plant
- Auto Rickshaw
- Abc Cable Factory
- Bread & Biscuit
- Biodegradable Cups & Plates
- Biodegradable Carry Bags
- Banana Fibre Extraction
- Banana Powder
- Binding Wires
- Cattle & Poultry Feed
- Cbse School
- Copper Wire Drawing & Enamelling
- Curcumin Extraction
- Country Liquor Bottling Plant
- Cable Trays
- Ceiling Fans
- Chitin & Chitosan (Technical & Medical Grade)
- Corrugated Board & Boxes (Printed)
- Disposable Plastic Syringes
- Door Hinges
- Drip Irrigation System
- Dextrose Saline (I.V.Fluid)
- Dolomite Powder & Wall Putty (White Cement Based)
- Electrical Appliances
- Ena From Maize
- Flexible Packaging
- Foundry Unit (Alloy Steel Casting)
- Ghee Diya Batti
- Hydro Power Plant
- Hdpe Drums & Barrels
- Hdpe/Pp Woven Sacks
- Indian Made Foreign Liquor
- Iron Ore Pelletizing Plant
- Jaggery Powder
- Khandsari Sugar
- Khaini Manufacturing
- Lpg Cyclinder Valves
- Lpg Cylinder
- Lami Tubes
- Lithium Ion Battery Assembling Plant
- Milk Processing Plant
- Maize Processing Plant
- Mango Pulp 5 Ton/Hr
- M.S. Pipe Plant
- Npk Fertilizer
- Non Woven Tarpaulins
- Oleoresin Extraction From Chilli & Turmeric
- Packaged Drinking Water
- Pvc Resin
- Pet Preform
- Pet Recycling Unit
- Printed Circuit Board
- Potato Cold Storage
- Prestressed Concrete Electric Poles
- Rts Juice Plant
- Sugarcane Juice Preservation
- S.S. Utensils
- Solar Energy Plant
- Sugar Plant
- Silicon From Rice Husk
- Steel Wires
- Surgical & Examination Hand Gloves
- Steel Drums & Barrels
- Tyre Recycling Unit
- Unsaturated Polyester Resin
- Vegetable Oil
- Wooden Doors Manufacturing
- White Coal Manufacturing
- Wedding Hall & Lawn
- Ware House
- Yeast From Molasses
- Zinc Oxide
If you need any help in creating project report or need any detail related to starting new industry, please contact me
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,
- SWOT Analysis and
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.