Nagaland is a state with an area of 16, 579 square kilometers in north-east India. Nagaland is well known for its high mountains, green valleys, meandering streams, and a rich variety of plants and animals. The state has an abundance of natural minerals, hydropower, and petroleum. The agro-climatic conditions in Nagaland offer commercial avenues for horticulture and floriculture. The state is native to 650 medicinal and aromatic plant species. The state of Nagaland offers excellent policies and schemes for horticulture, agro and forest-based industries, mining, food processing, tourism, and the handicraft/handloom sector.
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Nagaland is a state, famous for its tall mountains, lush green valleys, winding rivers, and diverse nature. This place has many business chances waiting to be explored. There are plenty of natural resources here like minerals, hydropower potential from the flowing waters, and petroleum reserves beneath the ground. The weather conditions are also very good for farming activities. All these factors together make Nagaland a great spot for new business ideas and entrepreneurial projects to grow successfully. The government of state give very good policies and schemes to help sectors like horticulture, agro and forest-based industries, mining, food processing, tourism, and handicrafts/handloom. Best five business ideas in Nagaland are tourism businesses, shops for handicrafts and handloom items, floriculture (flower growing), bamboo-based factories or units making things from bamboo material, and mineral-based factories or units using minerals. These sectors are very promising, bringing big chances for profit and new ideas. This makes Nagaland a good place to start businesses.
Here are the areas with much Business Potential in Nagaland:
Tourism Business: The scenic landscape of the hilly terrain of Nagaland along with its rich culture offers immense potential for the development of the tourism sector. All of the 16 tribes of Nagaland have their independent colorful costumes, dances, festivals, and music. The state is rightly called the land of festivals. The rich and diverse culture of the state is a major tourist fascination. There are many prevailing opportunities in adventure, eco, ethnic culture, and anthropological tourism, establishing of tourist resorts, private cab services, tour operating services, and advancement of current tourist facilities.
Handicrafts And Handloom Shop: The handloom and handicraft sector in Nagaland has immense potential to flourish due to abundant availability of raw materials, skills, rich cultural traditions, and expertise The inherent expertise of Nagas lie in pottery, carving, basketry, spinning, and weaving, dyeing metalwork, cultivation, etc. The wood carving art is ancient as the history of Nagas and is related to religious practices and beliefs. Cane and Bamboo are grown in abundance in the hills and forests of the state. Considering the easy availability of raw materials, Nagas have developed expertise in basket making.
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Basketry is practiced in almost every village of the state. The significant traditional crafts of the state are its rich handloom and handicrafts, which have widespread demand and appeal in the domestic as well as international markets. Due to the easy availability and application of modern tools, there is considerable scope for growth in this sector.
Floriculture: Floriculture can be executed as a viable industrial sector in the State. The various species of orchids available in the state can be traded to gain valuable foreign exchange. Nagaland has tremendous commercial potential for cultivation of orchids with an expansive scope for growing exotic types of orchids through tissue. Guwahati has been declared as an international airport offering feasibility to export cut flowers.
Bamboo-Based Industrial Unit: The north-eastern region of India has an extensive concentration of bamboo owing to the climatic conditions. There is no scarcity of bamboo and is currently used to prepare handicrafts and papermaking. The GOI (Government of India) has declared the bamboo mission for encouraging bamboo-based industries in the North-Eastern region. The machine-generated bamboo sticks, ply, blades etc. are certain products that tend to have immense market potential. As per estimations, the current requirement of round bamboo sticks is 2000 tones monthly.
Mineral-Based Industrial Units: The state has extensive mineral resources. As per the explorations by the state Geology & Mining Department, the various mineral reserves that can be exploited for commercial purposes are high-grade limestone, petroleum & natural gas, marble, decorative stones, coal, nickel, cobalt, and chromium. The extensive reserves of more than 1000 million tons of high-quality limestone in the eastern Nagaland offers a significant prospect for setting up mineral-based industrial units, which has tremendous export potential. The prospects comprise multi-disciplinary excavations for precious metals in the fossil fuels in sedimentary basins and ophiolites. Thus, establishing mineral-based units offers immense scope for business.
Benefits given by Nagaland state government:
Below are the benefits that are given by the state government of India and they have to fall under ‘Startup India’ initiative policy:
1. Stamp Duty Reimbursement: Startups selected under ‘Startup India’ initiative policy is eligible for 100% reimbursement of Stamp Duty/Registration Fee/Conversion Fee on sale/lease deeds for first transaction.
2. GST Reimbursement: Under ‘Startup India’ initiative policy is eligible for annual reimbursement of state GST paid in sales of goods for a period of 3 years up to a maximum of INR 5 Lakhs per Startup per year.
3. Digital Up-gradation Subsidy: Digital up-gradation subsidy at 50% of capital expenditure for purchase of computers, smart phones, related hardware and software subjected to a ceiling of INR 5 Lakhs per Startup.
4. Broadband Connectivity Reimbursement: 50% rental reimbursement for a maximum period of two years subject to a ceiling of INR 2 lakhs. It may include any rent being paid to an incubator/co-working space.
5. Power Subsidy: power subsidy 50% subject to a limit of rs. 10 lakhs per annum for a period of 5 years
6. Reimbursement of Patent Filing Cost: Reimbursement up to 100% of the actual cost (including filing fees, attorney fees, search fees, maintenance fees) for patent filing with a maximum limit of INR 2 lakhs for filing domestic patent and up to INR 5 lakhs for filing international patent. This reimbursement shall be payable 50% after the patent is filed and the balance 50% after the patent has been granted.
7. Market & Promotion Assistance: Reimbursement of 50% of the actual marketing and promotion costs (including travel costs) incurred by a Startup in listing fees for online and offline advertisements, in store promotions, publishing or digital marketing materials, trade show participation, market research, etc. subject to maximum of INR 5 lakhs per Startup.
Frequently Asked Questions
What are the top five business ideas in Nagaland?
The best five business ideas in Nagaland are tourism businesses, handicrafts and handloom shops, floriculture, bamboo-based industrial units, and mineral-based industrial units. These sectors use the state's natural resources and rich culture to create profitable and new chances for success.
Why is tourism a promising business idea in Nagaland?
Tourism in Nagaland has much promise because of its beautiful landscapes, rich culture, and special festivals. There are many kinds of tourism you can enjoy here like adventure tourism, eco-tourism, ethnic cultural tourism, and anthropological tourism. Also available for visitors are tourist resorts and private cab services which bring good business chances to the area.
How can handicrafts and handloom shops succeed in Nagaland?
Handicrafts and handloom stores can do very well in Nagaland because there is a lot of raw material, many skilled workers, and strong cultural traditions. The state has great skill in making pottery, carving wood or other things, basket weaving, spinning threads for clothes, weaving fabrics, and dyeing them with colors. These products are wanted by people both inside the country and in other countries too.
What makes floriculture a viable business idea in Nagaland?
Floriculture is good business in Nagaland because the state has many different kinds of orchids that can be sold for a lot of money. The chance to send special orchids and other flowers overseas, with help from Guwahati's international airport, makes this industry more profitable.
Why should entrepreneurs consider bamboo-based industrial units in Nagaland?
Business persons should look at setting up bamboo-based factories in Nagaland because the area has a lot of bamboo and the government helps with this through their bamboo mission. Making things like bamboo sticks, plywood, and blades can find many buyers and gives chances for eco-friendly businesses.
