Business Ideas: These great business ideas will open the doors of your luck, money will keep pouring in for years
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Business Ideas: The Central Government is continuously encouraging the youth to become self-employed and establish their own business. Prime Minister Narendra Modi (Narendra Modi)’s Make in India (Make In IndiaThe scheme is proving to be a milestone in this direction. In order to ensure that those starting their own business do not face shortage of money, the Central Government is also providing loans on easy installments under the Mudra Yojana. But, even after this, many people are unable to understand which business they should start so that they can get maximum profit. In such a situation, let us tell you some ideas.
textile industry
The textile industry currently contributes 2% to India’s GDP and 15% to the country’s export earnings. Opening a textile unit firm means supplying different types of fabrics to the fashion and apparel industry. The shop should be in an area where there is demand and the factory should be in an area that is well connected.
rice mill
Rice mill involves postproduction of rice. Equipment and machinery will help in removing the husk from the rice to make it edible. India is still the largest exporter of rice in the world so it is a profitable business.
Beer and Wine Making
Over the past few years, the wine industry was on high growth, becoming a $30 billion industry for both domestic and international wines. Therefore, starting your own beer and wine company is a diverse opportunity for business startups.
Manufacturing Fabrication Plant
Metal fabrication is the creation of metal structures by cutting, turning, welding and assembling processes. It is a value-added process that involves the manufacturing of machines, parts and structures from various raw materials. For this business you need skilled manpower and a lot of machinery.
Crane and Lifting Service
Crane and Lifting Service provides the right lifting equipment and service to meet customer needs. To start this business you need specialized maintenance services and spare parts for all types of industrial cranes and hoists.
taxi service
To start a transportation business, you need to decide what type of business you want to build. The type of company you think about setting up should be determined by, among other things, the need and competition in the area in which you decide to operate. You can start taxi service, bike rental or bus service as per your investment.
car parking services
If you have a large empty area outside which you can use for business purposes then you can start a car parking service business. This is a recent concept as the number of cars on the road is increasing.
Marriage Hall
Weddings and programs take place every day in India. Due to this the demand for marriage halls has increased. If you have a property that can be converted into a big hall that can seat 800-1000 people, you can start this business and rent it out to people for functions, weddings, parties, etc. Are.
Imported Furniture Store
According to data from The Retail Owners Institute, gross profit margins for retail furniture stores increased slightly from 43.8 percent in 2014 to 45 percent in 2018. For this business, you can import furniture from China, UAE or other countries. To start this business you need huge capital.
electronic store
Now we are living in the age of electronics. Electronics is connected to many different aspects of our lives. So, starting an electronic store is a profitable business but you need to have knowledge about the products. The amount required to invest in this business may vary according to the products you offer.
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