Punjab has been ranked first in India in terms of infrastructure facilities offered. Punjab’s road, rail, and air transport network, connectivity, construction of bridges and infrastructure facilities are rated among the best. Punjab has the easiest procedures to set up a business, according to a study by the World Bank and KPMG. Punjab had set up a Bureau of Investment Promotion (BIP) in December 2013 for one-stop clearance of investment proposals.
The opportunities in Punjab are growing day by day and you can take advantage of it by creating your own small business without investing lot of capital in it. There is much different type of businesses that you can try and there is a very less chance that you would be unsuccessful in doing the same.
Here are the few best and most profitable industries you can consider starting in Punjab:
Bidegradable Cups & Plate From Sugarcane Bagasse
Today consumption of Disposable products is breaking records. Disposable products are easy to handle, economical and can be disposed easily. With the changing lifestyle of Mankind, the use of disposable products is raising like anything. Plastic Disposable products are very popular because it can be carried easily and very low in prices too. This is 100% BIODEGRADABLE & COMPOSTABLE tableware, which is widely used in various functions ,restaurants , festivals as ECO FRIENDLY single time (Use & throw) crockery , it’s produce by Plant extract or residue like Sugarcane Bagasse (SCB) etc., which is Proven Environment friendly 100% Biodegradable and Compostable and not harmful for food, human , soil and Nature. This is becoming more popular due to environment awareness ,climate change & NGT/State govt. bans on recyclable plastics. This can be use in microwave and refrigerator also.
Beer Unit
The beer market in India is currently in its growth stage. The market evolved from manufacturing usual beer products such as strong- lager beers to flavored beers owing to the adoption of trends and technologies from markets such as America and Europe. Today, there is a presence of more than 140 beer brands in the Indian beer market, which could address the palate of each customer segment.
Over the forecasted period, the India beer market will witness various acquisitions, entry of new players and brands, and tie-ups which will drive this market further towards growth. It is expected that the demand for premium beer will rise in the future with an increase in personal disposable income and higher living standards. It is also expected that most of the state governments will start to delink beer taxation from IMFL soon on the basis of alcohol content paving the way for rational growth in the market.
Fruit Juices In Tetrapack
Based on packaging type, fruit juices in recyclable PET packaging has overhauled carton packaging owing to its widespread availability and easy processing. However, small, single-serve cartons are still popular for on-the-go consumption and ease of carrying around.
The potential capacity of packaged juice market in our country is approximately of gigantic Rs 1,500 crore, according to consulting firm Technopak. The fruit juices having 100% fruit content is carving future potential for it and big companies are working towards this splendid step. Few brands like Hindustan Coca Cola and Jain Irrigation have started to grow mango by technology of Ultra High Density Plantation (UHDP), so that they have all desired availability of mango fruits for their juice production. Thus, it is apparent and an indication that in coming years, the market share of fruit juices will expand rapidly.
Hospitals Disposable Products
Hospital Disposable Products like Surgical Gown, Drape, Apron, Shoe Cover Etc. offered in variety of patters. These can be used for regular purpose and manufactured to meet the requirements of the clients. They are designed in variegated patterns and following the latent trends to satisfy the end user and available in reasonable prices.
IMFL Bottling Plant
India is the third largest global spirits market by volume in the world, just behind China and Russia. It is also one of the fastest growing markets in the world. The domestic alcohol industry has recognized that the young people and women are the key target populations for them and they are assertively focusing on these vulnerable groups through their marketing campaigns.
The Indian liquor industry comprises the IMFL, country liquor, foreign liquor bottled in origin (BIO), illicit alcohol, beer and wine segments. The maximum permissible limit for alcohol content in spirits is 42.8 per cent v/v (volume to volume). The overall IMFL market is increasing at the rate of 9 to 10 per cent annually. There is a tremendous growth in the vodka market. It is the fastest growing among all types of liquors. Vodka consumption has been growing at the rate of about 44 per cent over the past few years. The average alcohol content in country liquor is 33 per cent volume to volume.
Lithium Ferro Phosphate Battery For E-Vehicle And Solar Street Lights
The global lithium-ion battery market size is estimated to grow from USD 44.2 billion in 2020 to USD 94.4 billion by 2025; it is expected to grow at a CAGR of 16.4%. The growth of this market is likely to be driven by the excellent features of li-ion batteries, increasing adoption of consumer electronics, and growing R&D initiatives by different organizations & battery manufacturers. Moreover, an increase in demand for plug-in vehicles, rising need for automation and battery-operated material-handling equipment in industries, propelling demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications are other key driving factors.
Marriage Hall
Marriage hall industry is the latest white collar fashion industry. This is a part of tourism industry. Its worth lies in rendering services to people in group only. Different groups of people can hire the banquet hall services for different purposes like wedding, ritual ceremonies, concerts, conferences, cultural programes and public get together activities.
A marriage hall management exerts hard to make the functions a success with the employments of its materials, staff, the facilities and allied connections. The services are rendered against agreed payments partly in advance and partly after successful completion of the ceremony. Though the financial investments are low to moderate, yet a banquet hall is capable of a wide ranging services. Its capability to earn profits can be seen from the project economy computations. It is obvious that it has a very high rate of return on the capital employed and a low break even point which means that the quantum of annual receipts calculated at 100% capacity utilization is not necessary for its profitable operation. For any utilization above 35% of its rated capacity, the unit will run without a loss.
Namkeen Unit (Kurkure Type)
The Namkeen food business is growing considerably. The huge demand for snacks shows a lot of scope in this line of business. Products like bhujia, chana-chur, and dal month are well known in India and overseas as well. Disposable income mixed with a fast-paced lifestyle have led to an extensive growth in this sector.
Potato Powder
The potato is a starchy, tuberous crop from the perennial Solanum tuberosum of the Solanaceae family (also known as the nightshades). The word potato may refer to the plant itself as well as the edible tuber. In the region of the Andes, there are some other closely related cultivated potato species. Potatoes were first introduced outside the Andes region four centuries ago, and have become an integral part of much of the world's cuisine. It is the world's fourth-largest food crop, following rice, wheat, and maize. Long-term storage of potatoes requires specialized care in cold warehouses.
PVC Edge Banding Plant
PVC Edge banding are extruded product which is used in furniture industry, PVC edge banding has the characters as heat tolerance, oil proof, high hardness, abrasion resistant and excellent bendability. The PVC edge banding is recycled environment friendly and wide use in furniture, cabinet, door or windows etc. PVC (polyvinyl chloride) is one of today’s best known and most common plastics. Edgebanding has been manufactured from this material for the furniture industry also for more than 40 years and have, due to their outstanding materials properties, proven very successful. Especially the excellent processing characteristics of PVC have contributed to its penetration of the furniture.
Soy Milk & Paneer
Soyabeans are very much popular as food crop in most of the countries all over the world where a large number of food products are prepared form soyabean seeds. As edible oil milk and milk products giving sources crop the soyabeans are getting wide acceptance. In India too since last few decades. Souyabean seeds have a high nutritional composition ;and can be converted in to various states, tastes, colours, flavours and other quality substances.
As far as the use of soyabean is concerned it has taken a place from soap industry to food industries like. The soya milk, in particular has been developed like a boon for human beings as large. The specialty lies in the fact that in the reasons when traditional cow milk buffalo milk is not available in sufficient quantity, this milk serves the purpose almost equitably to other animal milk type.
Spice Manufacturing Unit
Spice processing and packaging are considered as a profitable business in India. Any individual can start spice business as small, medium and large scale basis as per his or her investment capacity. Even a home-based spice business is also profitable in India. Additionally, you can start with one or two variety of spice. As your business grows, you can shift to a full-fledged spice processing company.
BANKABLE PROJECT REPORT
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 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.
