List of 50 Selected Projects for Micro Small and Medium Enterprises MSME Best Industries to Start a Business Business Ideas to Make Money
List of 50 Selected Projects for Micro Small and Medium Enterprises | MSME | Best Industries to Start a Business Ideas to Make Money
Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs
are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.
India has got tremendous scope for investors and entrepreneurs as far as business opportunities are concerned. Especially India has always been in the limelight in terms SME business. The SME business opportunity in India can be seen in possibly every sector-financial services, telecom, education, automobiles, media, food, real estate and so on.
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Small and medium sized enterprises play a central role in the Indian economy. They are a major source of entrepreneurial skills, innovation and employment. SME businesses are the biggest contributor to the economy of any country and the same goes with Indian economy. In fact, SME is one of the most crucial sectors of Indian economy as far as the number of employments generated from this segment. As more than 65% of Indian population lives in rural and semi-rural areas, small business becomes a major source of income for many residing in these areas. After agriculture, small business in India is the second largest employer of human resources.
The SME business market of India is large and bubbling with newer opportunities. Increased purchasing power and consumerism is what drives the business scenario in India. Thus, there is an opportunity for competitive advantage that can benefit investors and entrepreneurs to a large extent. An investment in any best small business opportunity promises lucrative returns and success in less time.
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Reasons behind Growth in SME Business
There are various reasons due to which the small scale business in India has witnessed a spurt of growth. Some of these factors are:
• High contribution to domestic production
• Low investment requirements
• Significant export earnings
• Capacities to develop appropriate indigenous technology
• Operational flexibility
• Contribution towards defense production
• Technology - oriented industries
• Import substitution
• Location wise mobility
• Low intensive imports
• Competitiveness in the domestic market
• Competitiveness in the export markets
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“Growth and Performance of Micro, Small and Medium Enterprises in India”
Over last 5 decades MSMEs sector emerged as extremely effervescent and vigorous segment of Indian economy. MSME plays dual role of providing employment and industrialization of rural/backward areas, thereby reducing regional imbalance and equitable distribution of national income. MSMEs
are harmonizing to large industries as supplementary units, which adds to socio economic development. It consists of 36 million units, providing employment over 80 million persons with 8% contribution to GDP.
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Leading Industries of MSME Sector:
Ø Retail trade (except of motor vehicle & motor cycles) and Repairs of personal and household goods - 39.85%
Ø Manufacturing of wearing apparels- 8.75%
Ø Manufacturers of foods and beverages-6.94%
Ø Other services activities -6.2%, other business activities – 3.77%
Ø Hotels and restuarents-3.64%
Ø Sales maintenance of motor vehicles and cycles – 3.57%
Ø Furniture manufacturing -3.21%, Textile -2.33%
Ø Fabricated metals except machinery and equipment-2.33% and others 19.4%. Three sub sectors demonstrates promising picture: food processing- high potential because of agro linkage, textiles-innovation, and electronics- linkage with ITES
SMEs employ around 40% of India’s workforce, which is an estimated 80 million people, who are given an opportunity for livelihood and employment via low-skilled jobs. Around 1.3 million SMEs contribute 45% to India’s manufacturing output and 40% of India’s total export. In a way, they form the backbone of the Indian economy. At 48 million, India has the second largest number of SMEs in the world, edging close to China which has around 50 million SMEs.
There are around 6000 products manufactured by 31.7% SMEs while the remaining 68.2% are engaged in delivering various services. This sector, if extended the right support, has the potential to spread industrial growth throughout the country.
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MSME- an abbreviation of Micro, Small & Medium enterprises- is the pillar of economic growth in many developed, and developing countries in the world. Often rightly termed as “the engine of growth” for India, MSME has played a prominent role in the development of the country in terms of creating employment opportunities-MSME has employed more than 50 million people, scaling manufacturing capabilities, curtailing regional disparities, balancing the distribution of wealth, and contributing to the GDP-MSME sector forms 8% of GDP.
The advantage of this sector is it requires less investment, thus creating employment on a large scale, and reducing the employment and underemployment problems. Moreover, this sector has survived almost all threats emerging out of still completion from both domestic and international market.
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Share of MSME in Manufacturing, Exports and Employment sectors in India:
Sector Percentage (%) share
1 Manufacturing 45%
2 Exports 40%
3 Employment 69%
The Contribution of MSME
to other sectors has been immensely instrumental. It is the biggest employer after agriculture sector, despite the fact that agriculture sector’s contribution to GDP is less than MSME. While it contributes about 45% to manufacturing sector, and perhaps 40% to Exports, it forms the highest share of Employment sector in India, contributing around 69% to it.
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Here are few Projects for Startup:
PISTON FOR INTERNAL COMBUSTION ENGINES
Piston is one of the most important item in the automobile industries. There are mostly disc like structure of the piston. Now a day’s piston are made of cast iron or by aluminium in presence of 10% sand in it. There is a vast demand of piston and it is directly related to the two-wheeler production. Read more
The world ceramic is taken to cover those articles that are made from inorganic substances first shaped and then hardened by fir. The characteristics are the wall tiles with colourless or pastel shade glaze with on-glaze decoration. Decorative tiles, frequently in a number of shapes and with relief designs and in a range of sizes. Read more
Abrasive is a mixture of granular corundum or dark colour, having impurities of magnetite and hematite. It is a very strong and hard material, therefore, used as an abrasive for varying purposes. The paper or cloth coated with emery is known as emery paper or cloth. Emery is a natural mineral, corundum having certain impurities. Read more
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Matchbox is one of the most important items. Though it is looked upon as small and insignificant, earlier it was a big problem. In the 17th century, people used phosphorous and sulfur together using flints or sticks of woods. It was then found in the 19th century that using non-provisions red phosphorous on the match head instead of white phosphorus. Read more
The straw board slate is an important item for school. They are economical as they can be used again and again. They are used particularly by primary school students to improve their handwriting. Read more
Roofs are basic element of shelter to protect the people themselves from cold, wind rain and sun. Tiles are thin slabs of baked clay used for construction of roofs, walls or floors. They may be plain or ornamented, and glazed or unglazed. Tiles are also made from marble, cement or plastic materials. Read more
DISPOSABLE PLASTIC CUPS, PLATES AND GLASSES
The plastic in India plays a very important key role in industrialization. A wide spectrum of plastics and its articles have touched the life of every Indian is many ways through consumer plastics. Disposable cups, glasses and plates are used in daily life now a days. In addition to be used at home these are largely used in parties and other functions. Read more
Oxygen (CO2, gas at 00/1 matm., 1.429g./l, crit. Pressure, 49.7 Matm.) is a colorless, odourless, and tasteless gas, somewhat heavier than air. It is one of the most active elements and plays on essential part in the respiration of living cells and in combustion. Read more
The most common, versatile and oldest material that is used for making furniture is wood. Almost all varieties of furniture can be made of wood. Wood is a soft material and can be easily shaped. The finish obtained is very good and occasional polishing can make it look like new at all times. Read more
DISPOSABLE PLATES FROM BANANA LEAVES
Disposable cutlery and containers are products that are a part of our day to day life. Disposable items like cups, plates, saucers are being increasingly used. Such disposable items are made with natural materials like leaf as well as man made products like paper, plastics. Leaf cups, plates have greater hygiene value. Read more
The furniture making is an ancient art in India before centuries. The expertise of India in manufacturing furniture was accepted by all the parts of the world. Wooden furniture is made in cottage and households industries. It is also made in small to large scale sectors. Read more
Wood waste is, by far, the largest portion of the waste stream generated from wood working Industry. Almost everyone in the woodworking business has a problem with wood scrap, chips and sawdust occurring as a by-product of woodworking. From the mill to the finished product, this offal represents an impressive amount, Read more
Capsanthin(paprika oleoresin) from chilly/ paprika capsicum -Curcumin from turmeric -Lycopen from tomatoes and other red fruits India, recognized as one of the hotspots of biodiversity is home to a range of economically important plants. Read more
Electricity play a vital role in the development and growth of Agriculture and Industry, As such, it is a high priority item for all the developing or developed nations. For the generation and distribution of Electricity, High Tension Insulators are an important adjusts. Read more
An effective biogas programme leads to efficient use of cow dung for gas recovery and partial supplement to plant nutrient requirement. Biogas programme leads to improvement in rural living including rural sanitation. Biogas fermentation a process occurring widely in nature can be defined as a biological process, Read more
Charcoal and purity of any substances has now become a basic requirement of any chemical substance. So many products obtained by processing are dirty in colour and having so many impurities. This problem can be easily solved by adsorption of which carbon has become one of the most generally used materials for the purpose, animal matter. Read more
Acetylene is a colourless inflammable gas. It is an endothermic compound. It is an endothermic compound. Its heat of formation being nearly 50 Kg. Cal.g.mol. Both the gas (tc, 370; Pc, 62 atm.) and the liquid (b.p., 83.60) are highly explosive, particularly under pressure. The gas forms explosive mixtures with air. Read more
The covering of chocolates was originally carried out solely by hand the process being known as hand dipping. Each piece or centre was handled individually, dropped into molten chocolate, covered and finally placed a plaque to set. The chocolate is conveyed by a series of rotating drums to the upper part of the machine, Read more
For a building being constructed the one and only thing which is to be considered is its strength of bearing load of both environmental artificial. But now-a-days not only strength but the look of the construction also matters. For giving good strength & attractive look Gypsum Plaster Boards are used. Read more
Paper bags are very economical, efficient and safe package for an impressive and constantly growing range of products. It can protect the cement very precisely from moisture and other attacking agents curing storage. In order to avoid loss of cement paper bags should be used rather than jute bags. Read more
There is competitive growth of rubber gaskets in market. Gasket should be smooth, inert -towards water and normal chemicals, physically strong and should not be corrosive. It is mainly used between the pipelines to make leak proof alignment or joint. Read more
Crushing of stone is physical process applied over the available natural stone to reduce size. Crushed stone should be hard enough to withstand heavy load or should not react with acid or alkali it is used in road construction, civil construction as supporting material in railway tracks etc. Read more
