Telangana is one of India’s newest states. It has become a hub for industrial development and entrepreneurship. Hyderabad is the capital of Telangana, a state that has emerged as a leader in IT and biotech. It also leads the way in agriculture, manufacturing, and pharmaceuticals. In 2023, its Gross State Domestic Product (GSDP) will exceed USD 160 billion. Its growth rate is 10-11%. Its proactive policies and abundant natural resources, as well as its strong infrastructure and global connectivity via the Hyderabad international airport, make it one of India’s top investment destinations.
Telangana is a great place for entrepreneurs and startups. It offers a wide range of opportunities, from agro-based businesses to high-tech ventures. The government’s Industrial Policy (TS-iPASS), as well as multiple industrial parks such as Food Processing Zones and Pharma City, encourages innovation and makes it easier to do business. This article presents 25 profitable Business Ideas in Telangana, supported by sector insights and feasibility considerations.
1. Pharmaceutical Manufacturing
Pharmaceutical Manufacturing is a great opportunity for Business Ideas in Telangana entrepreneurs. The pharmaceutical manufacturing industry offers ample opportunities for domestic and international consumption, thanks to its robust infrastructure and highly skilled manpower. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable pharmaceutical manufacturing ventures.
Related: Top 10 Pharmaceutical Intermediates with High Export Potential for MSMEs
2. Biotechnology and Life Sciences Products
Telangana’s Biotechnology and Life Sciences Products sector offers a great opportunity to entrepreneurs. The biotechnology and Life Sciences Products sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for biotechnology and other life sciences products.
3. Agro-Processing and Food Products
Agro-Processing and Food Products is a great opportunity for Telangana entrepreneurs. The agroprocessing and food product sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s industrial corridors, special economic zones and skilled manpower to create scalable ventures for agroprocessing and food product.
4. Dairy and milk-based products
The Telangana Dairy and milk-based products sector is a great opportunity for entrepreneurs. The dairy and milk-based product sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for dairy and milk products.
5. Textile and Apparel Manufacturing
Textiles and Apparel Manufacturing is a great opportunity for Telangana entrepreneurs. Textiles and apparel manufacturing offers a wide range of opportunities for domestic and international consumption. Telangana’s special economic zones and industrial corridors are ideal for startups to create scalable textile and apparel manufacturing ventures.
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6. Handlooms and Handicrafts
Entrepreneurs in Telangana can benefit from the handicrafts and weaving industries. Handicrafts and handlooms are a promising sector for Telangana, with its strong support from the state, robust infrastructure and highly-skilled manpower. The handicrafts and handlooms industry offers ample scope both for domestic consumption and exports. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable handloom and crafts ventures.
7. Leather and Footwear Products
Leather and Footwear Products are a great opportunity for Telangana entrepreneurs. The leather and footwear sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for leather and footwear products.
Related: How to Start a Profitable Shoe Manufacturing Business
8. Renewable Energy Equipment (Solar Modules and Wind Components).
Renewable Energy Equipment (Solar Modules and Wind Components), represents an exciting opportunity for Telangana entrepreneurs. The renewable energy equipment sector (solar components, wind components), with its strong support from the state, robust infrastructure and skilled workforce, offers ample opportunities for domestic consumption as well as exports. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for renewable energy equipment.
9. Electric Vehicle Components and Batteries
Electric Vehicle Components and Batteries is a great opportunity for Telangana entrepreneurs. Electric vehicle components and battery sector has a lot of scope for domestic and international consumption. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for electric vehicle components and battery.
10. Plastic Products and Packaging
Plastic Products and Packaging is a great opportunity for Telangana entrepreneurs. The plastics and packaging industry offers a wide range of opportunities for domestic and international consumption. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for plastic products and packaging.
11. Engineering and Fabrication Units
Engineering and Fabrication Units is a great opportunity for Telangana entrepreneurs. The engineering and fabrication unit sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups in Telangana can take advantage of the industrial corridors and SEZs to create scalable engineering and fabrication unit ventures.
12. Cement and Building Materials
Cement and Building Materials is a great opportunity for Telangana entrepreneurs. The cement and building material sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for cement and building materials.
13. Paper and Pulp Products
Paper and Pulp Products is a great opportunity for Telangana entrepreneurs. The paper and pulp product sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, a robust infrastructure and a skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for paper and pulp products.
14. Chemicals and Specialty Chemicals
Chemicals and Specialty Chemicals are a great opportunity for Telangana entrepreneurs. The chemicals and specialty chemical sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Telangana’s special economic zones and industrial corridors are ideal for startups to create scalable ventures that deal with chemicals and specialty chemicals.
15. IT Hardware and Electronics Manufacturing
IT Hardware and Electronics Manufacturing is a great opportunity for Telangana entrepreneurs. The it hardware and electronic manufacturing sector offers ample opportunities for domestic consumption as well as exports. Startups can take advantage of Telangana’s industrial corridors, special economic zones and skilled manpower to create scalable ventures for it hardware and electronic manufacturing.
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16. Cold Storage and Logistics Units
Cold Storage and Logistics Units is a great opportunity for Telangana entrepreneurs. The cold storage and logistic units sector offers ample opportunities for domestic consumption as well as exports. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable cold storage and logistic units.
17. Fisheries and Marine Product Processing
Telangana’s Fisheries and Marine Product Processing sector offers a great opportunity to entrepreneurs. The fisheries sector and the marine product processing industry have a lot of potential for domestic consumption as well as exports. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for fisheries, marine product processing and other industries.
18. Ayurvedic and Herbal Products
Ayurvedic and Herbal Products are a great opportunity for Telangana entrepreneurs. The ayurvedic sector is a good choice for domestic and international consumption, as it has dependable state support and a robust infrastructure. Startups can take advantage of Telangana’s industrial corridors, special economic zones and skilled manpower to create scalable ventures for ayurvedic products.
19. Jewellery and Gemstone processing
Telangana’s Jewellery and Gemstone Processing sector offers a great opportunity to entrepreneurs. The jewellery and gemstone sector offers a wide range of opportunities for domestic and international consumption. Telangana’s special economic zones and industrial corridors are ideal for startups to create scalable jewellery and gemstone processing ventures.
20. Furniture and Wood Products
Furniture and wood-based products are a great opportunity for Telangana entrepreneurs. The furniture and wood products sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable furniture and wood products ventures.
21. Automobile and Auto Component Manufacturing
The Automobile and Auto Component Manufacturing sector in Telangana is a great opportunity for entrepreneurs. The automobile and auto component sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for automobile and auto component manufacture.
22. Beverages, Bottled Water
Beverages and Bottled Water is a great opportunity for Telangana entrepreneurs. The beverages and bottled-water sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Telangana has industrial corridors and Special Economic Zones that can be used by startups to create scalable beverage and bottled-water ventures.
23. Steel and Metal Fabrication
Steel and Metal Fabrication is a great opportunity for Telangana entrepreneurs. Steel and metal fabrication offers a wide range of opportunities for domestic and international consumption. Startups can take advantage of Telangana’s industrial corridors, special economic zones and skilled manpower to create scalable steel and metal fabrication ventures.
24. Tourism and Hospitality-Linked manufacturing
Entrepreneurs in Telangana can benefit from the tourism and hospitality-linked manufacturing sector. The tourism and hospitality-linked manufacture sector offers ample opportunities for domestic consumption as well as exports, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for tourism and hospitality-linked manufacture.
25. Medical Devices and Healthcare Products
Medical Devices and Healthcare Products are a great opportunity for Telangana entrepreneurs. The medical products and devices sector offers ample opportunities for domestic and international consumption, thanks to the strong support of the state, robust infrastructure and skilled workforce. Startups can take advantage of Telangana’s special economic zones and industrial corridors to create scalable ventures for medical devices and healthcare.
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How NPCS supports entrepreneurs in Telangana
NIIR Project Consultancy Services provides professional consulting services for the preparation and submission of detailed techno-economic feasibility reports (DPRs). This is for new businesses or industries. Our reports include:
* Manufacturing process in detail
* Demand and market research
* Process flow diagrams
* Product mix and Capacity Planning
* Raw material and machinery details
* Complete project financials, including profitability analysis
We aim to help entrepreneurs evaluate the feasibility, profitability and scalability industrial projects in order to make informed decisions about their investments and achieve long-term successes.
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The conclusion of the article is:
Telangana is one of India’s most profitable destinations for new ventures due to its rapid industrialization. It also has an investor-friendly environment. The state has strengths in biotechnology, pharmaceuticals, agroprocessing, textiles and renewable energy. It also offers traditional and high-tech manufacturing. Telangana offers entrepreneurs the opportunity to leverage its strategic location, infrastructure and export potential. Startups can reduce risks, gain market insight, and create sustainable ventures by collaborating with NPCS to conduct feasibility studies.
