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Invest in Success: Top 6 Industries to Start for Rs. 60-75 Lakhs

 

 

Considering the rise in entrepreneurial ventures, starting a small or medium-sized manufacturing business can be an attractive option. With an investment between Rs. 60 and 75 lakhs, aspiring entrepreneurs can explore various profitable opportunities. This article explores six promising ideas for manufacturing businesses, discussing their market potential and the reasons why they are suitable for startups.

1. Masala Powder

  • Why Choose This Business: Spices are the backbone of Indian cuisine, and the demand for quality masala powders is ever-increasing. With diverse regional preferences, entrepreneurs can explore unique blends, targeting specific markets.
  • Reason to Invest: Low start-up costs, readily available raw materials, and the potential to create a trusted brand with a focus on quality and consistency.
  • Market Stats: The Indian spice market is enormous, projected to reach a value exceeding $20 billion by 2025.

2. Floral Foam (Phenolic Foam)

  • Why Choose This Business: Floral foam is a crucial component of the floriculture industry, used in flower arrangements and decorations. India's booming flower market drives a consistent demand for floral foam.
  • Reason to Invest: This industry enjoys low competition and relatively straightforward manufacturing processes. Catering to florists, event planners, and the hospitality sector offers a stable customer base.
  • Market Stats: The global floral foam market is estimated to surpass $600 million within the next few years, with India's growing floriculture industry contributing to this surge.

 

Visit this Page for More Information: Best Industry for Doing Business

 

3. Dehydrated Onions (100% E.O.U.)

  • Why Choose This Business: Dehydrated onions are a versatile ingredient with applications in packaged foods, spice mixes, and the food service sector. As an export-oriented unit (EOU), this business taps into the expanding global demand for processed food products.
  • Reason to Invest: Government incentives for export-oriented businesses, easy availability of raw materials, and a long shelf life of the product add to its investment potential.
  • Market Stats: India is a significant exporter of dehydrated onions. The global dehydrated vegetable market is estimated to reach nearly $30 billion by 2027.

4. Dairy Products & Milk Packaging in Pouches

  • Why Choose This Business: Milk and dairy products are dietary staples in India. By targeting the growing demand for packaged and processed milk products, this venture can be highly successful.
  • Reason to Invest: With increasing urbanization and changing consumer preferences, packaged dairy experiences a rise in adoption. Offering various products (milk, paneer, flavored milk, etc.) establishes a competitive edge.
  • Market Stats: The Indian dairy market is the world's largest and expected to see significant growth in the coming years. The rise of organized retail benefits packaged dairy enterprises.

 

Related Business Plans: Business Ideas: 60 - 75 Lakhs (Plant and Machinery): Selected Project Profiles for Entrepreneurs, Startups

 

5. Activated Carbon from Bamboo

  • Why Choose This Business: Activated carbon finds wide applications across industries like water purification, pharmaceuticals, and pollution control. Utilizing bamboo as a readily available raw material makes this an eco-friendly business option.
  • Reason to Invest: The demand for activated carbon is increasing globally due to environmental focus and industrial applications. India's abundant bamboo resources offer a sustainable supply.
  • Market Stats: The global activated carbon market is estimated to exceed $10 billion by 2028, offering significant growth potential.

6. Virgin Coconut Oil

  • Why Choose This Business: Virgin coconut oil is gaining popularity due to its health benefits. It has uses in the food industry, cosmetics, and personal care products.
  • Reason to Invest: This market enjoys a surge in demand, driven by increased health consciousness and a shift towards natural products. Focusing on quality and branding can lead to success.
  • Market Stats: The global virgin coconut oil market is anticipated to grow significantly, offering long-term prospects for manufacturers.

 

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Important Note: Before embarking on any venture, thorough market research specific to your chosen business idea and location is essential. Understanding local regulations, sourcing raw materials, securing financing, and developing a robust marketing strategy are crucial success factors.

Conclusion

Why These Businesses Are Your Stepping Stone to Success

The business ideas presented here offer a compelling proposition for aspiring entrepreneurs seeking to make their mark in the manufacturing sector. Let's delve into the reasons why these options stand out:

  • Market Demand and Growth Potential: Each of these projects caters to a thriving market with consistent demand. Masala powder is an essential ingredient in Indian cuisine, floral foam finds application in decorations and events, dehydrated onions offer convenience to food businesses, dairy products are a dietary staple, activated carbon has diverse industrial uses, and virgin coconut oil enjoys rising popularity for its health benefits. These industries are not just established but also experiencing steady growth, ensuring a promising future for your venture.
  • Manageable Investment: With a plant and machinery cost falling within the range of 60 lakhs to 75 lakhs, these businesses offer a chance to establish a production unit without an exorbitant initial investment. This allows entrepreneurs to enter the market with a calculated risk and the potential for faster returns.
  • Diverse Applications: Several of these projects, like masala powder and activated carbon, cater to a wide range of applications. This broadens your customer base and reduces dependence on a single market segment.
  • Government Support: The Indian government actively promotes Micro, Small and Medium Enterprises (MSMEs) through various schemes and subsidies. This can provide valuable financial and operational benefits to your startup.

These business ideas aren't just about launching a factory; they're springboards to a flourishing, scalable business. With meticulous planning, smart marketing, and a dedication to excellence, you can transform this initial investment into a thriving enterprise.

 

Watch Video: 26 Small Manufacturing Business Ideas to Start with Investment of 60- 75 Lakhs (Plant and Machinery)

 

Niir Project Consultancy Services: Your Guide to Profitable Business Ventures

If you're an entrepreneur brimming with ambition, consider partnering with a consultancy service to empower you with invaluable insights.  These services can provide market surveys and detailed techno-economic feasibility reports, setting your new venture on a thriving path.

Unlocking Profitable Manufacturing Ideas (Under Rs. 60-75 Lakhs)

NPCS understands that a solid project idea is the foundation of any entrepreneurial endeavor. Here's a look at six high-potential manufacturing industries they suggest, along with compelling reasons for investment:

1. Masala Powder

  • Reason to Invest: Masala powders are a staple in many cuisines, particularly Indian cooking. Growing culinary trends, packaged food demand, and the rise of ready-to-cook meals fuel the market growth of this flavorful venture.

2. Floral Foam (Phenolic Foam)

  • Reason to Invest: Used extensively in floristry and flower arrangements, floral foam offers lucrative opportunities. Increased disposable incomes, decorative preferences, and a thriving gifting culture drive its market expansion.

3. Dehydrated Onions (100% E.O.U.)

  • Reason to Invest: A widely-used ingredient in processed foods, the dehydrated onion market benefits from convenience trends and rising demand from the foodservice industry. Focusing on exports creates further profit potential.

4. Dairy Products & Milk Packaging in Pouches

  • Reason to Invest: Rising urbanization, changing lifestyles, and the demand for longer shelf-life products create exciting opportunities in the dairy sector. Focus on value-added products and innovative pouch packaging.

5. Activated Carbon from Bamboo

  • Reason to Invest: Eco-awareness and sustainability drive the demand for activated carbon in industries like filtration and purification. Utilizing renewable resources like bamboo taps into this growth.

6. Virgin Coconut Oil

  • Reason to Invest: As consumers seek healthier alternatives, the virgin coconut oil market thrives. Its applications in food, cosmetics, and personal care make it a versatile and profitable venture.

Why Choose NPCS for Your Entrepreneurial Journey?

NPCS reports don't just give you ideas; they provide comprehensive blueprints. Benefits of collaborating with NPCS include:

  • Thorough Market Research: Gain insights into market size, demand patterns, and key players to make informed decisions.
  • Detailed Manufacturing Processes: NPCS provides complete understanding of the production processes, from raw materials to finished products.
  • Essential Machinery Information: Learn about the types of machinery needed and their sourcing, ensuring smooth project setup.
  • Projected Financials: NPCS reports give you a clear picture of potential costs and revenues, facilitating investment planning.

Get Started Today

With NPCS's in-depth project reports on a wide range of profitable industries, you'll gain the insights and guidance you need to start a successful manufacturing venture. In addition to project reports, NPCS offers a variety of other business services to support your entrepreneurial journey. Contact NPCS today to learn more!

Disclaimer: Market research is vital. Consult with NPCS and industry experts before making investment decisions.

 

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ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR