26 Small Manufacturing Business Ideas to Start with Investmentof 60- 75 Lakhs (Plant and Machinery). Profitable MSME Projects
Small business entrepreneurshave many opportunities that they can explore successfully; all they need is agreat small business idea. In the ever-increasing startup ecosystem of today,everyone dreams of starting their startup and becoming a millionaire or abillionaire. However, most of the people remain confused between which businessto start for maximum profit and which one has the least probability of failureand the main reason for this is the failure rate of startups.
Starting your ownbusiness is everyone’s dream. So, here are list of best startup ideas that canbe started:
PeanutOil
Peanut oil, alsoknown by other names such as groundnut oil and arachis oil, is a type ofvegetable oil commonly used in cooking that is derived from peanuts. It comesin a number of varieties, including refined, unrefined, roasted, andcold-pressed, which have slight differences in their nutritional value andhealth benefits. Peanut oil is most commonly used in Asian cultures, including thatof China and Southeast Asian nations like Vietnam, Laos, and Cambodia. Thehealth benefits of peanut oil include skin care, lower cholesterol levels,improved heart health, and nervous system.
Last year, India hadexported about 10,000 tonnes of groundnut oil in consumer packages. Accordingto the Solvent Extractors Association of India (SEA), the country producesabout 300,000-350,000 tonnes every year, and has potential to export about40,000-50,000 tonnes in bulk. China is the biggest market for Indian groundnutoil. Thus, due to demand it is best to invest in this project.