Best Business Opportunities in Gujarat
Gujarat is located on the western coast of India on the Arabian sea. The state occupies a top position in India’s manufacturing sector, particularly in the production of pharmaceuticals, chemicals, and polyester textiles. The primary industrial belt of the state lies in its southern part. The following business ideas can be executed in the state:
Related Projects:- Textile, Apparel, Clothing, Denim wear, Innerwear, Lingerie, Hosiery, Denim Jeans, Readymade Garments and Under Garments Industry.
1.) Textile Manufacturing Unit: Gujarat has been a leader over other states in the production of raw cotton, cotton, or man-made fiber fabric. Since the announcement of the textile policy in 2012, the state has garnered investments amounting to INR 9208 crores in various textile segments such as cotton weaving, ginning, spinning, processing, technical textiles, and made-ups till March 2016. The state is the largest manufacturer of raw cotton and man-made fiber fabric constituting 33% and 38% of the total production in the country respectively. Gujarat is also ranked 2nd in the manufacturing of cotton fabric contributing to 390 million meters annually.
The state accounts for 25% of the nation’s textile production output, 12% of the textile exports, and also consists of the highest number of medium to large fabric processing units counting over 600. It is also referred to as the ‘Denim capital of India, as the state manufactures 65% of the denim fabric in India. As per estimates, the textile market has reached 25 billion dollars by the year 2017. Thus, a small-scale textile manufacturing unit would be a great start as a small-sized business in the state.
The expert and the articulate team of NPCS with a well-framed plan assures higher gains. We provide all the necessary information as per project requisites.
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2.) Salt Manufacturing: Gujarat is bestowed with the largest coastline (1600 kilometres), providing essential resources such as salt and marine produce. The state accounts for 76% of the country’s total salt production. The major salt manufacturing belts are concentrated in Bhavnagar, Kharaghoda, Rann of Kutch, and Porbandar. Considering the excessive rainfall over the last 2 years and the Covid-19 pandemic, the likelihood of salt shortage in the Indian market has been forecasted by the year 2021. Thus, considering the market opportunity, setting up a salt manufacturing unit could prove to be a beneficial start-up idea.
3.) Waste Management Units: Considering rapid industrialization and the vision of becoming the largest business hub in Asia, Gujarat has emerged as one of the fore-running industrialised states owing to development in the pharmaceutical, chemical, petrochemical, drugs, pesticides, textiles, & fertilizer sector. The industrial sector in Gujarat has been classified into Red, Green, and Orange zones based on the type and total quantity of waste generated. The state has approximately 7751 hazardous waste generation units accounting for 28.76% of the total waste generation in the country.
Related Book: Modern Technology of Waste Management: Pollution Control, Recycling, Treatment & Utilization
The government of Gujarat has also issued the ‘Urban Sanitation and Cleanliness Policy’ to strengthen the waste management infrastructure across the state. This new zero waste policy was introduced in the state with an objective limit the dependency on landfills and make all the Gujarat cities zero-waste by sending the accumulated waste directly to waste treatment plants. As large amounts of waste (such as hazardous waste, municipal solid waste, e-waste, or bio-medical waste) is generated. Thus, offering the huge market prospect for waste management in the state and across the globe. Some of the top waste management companies in Gujarat are NEPRA, E-coli Waste Management, Recotech E-Waste Management, Gepil, etc. Setting up waste management units would prove to be a beneficial and environment-friendly idea to execute considering the growing industrialization and large amounts of waste generated.
NPCS is one of the established brands in the corporate domain offering coherent technical consulting. Having analyzed the market for, ‘Business opportunities in Gujarat’, executing the same would fetch good returns.
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