Best Business Opportunities in Maharashtra - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship

 

Why do Entrepreneurs Start their own Businesses? 

Starting your own business has many benefits, including being able to make your own schedule and not being answerable to anyone; you have the freedom to build your own job schedule, liberating yourself from the constricted paycheck you’ll earn at a stable job. If you start a business instead of working for a corporation that sets a maximum profit ceiling for you, you will have the freedom to explore and assert your worth on your own terms. 

In the corporate world, at no point in your career will you ever know when you will be hired or fired. When you start your own business, you can feel assured that you are making a long-term investment in your career and personal well-being.

 

Why start a Business in Maharashtra?

 

Business-Friendly Policies and Ease of Doing Business in Maharashtra: 

The state of Maharashtra has set an example of how to foster a business-friendly environment. For example, there were about 47 permits required to construct a building, which is now reduced to only eight permissions. 

Moreover, most permits and other requirements for setting up a business in Maharashtra can be filled out online, and one no longer needs to visit various government offices. This has brought transparency to the ecosystem. Also for large industries, the Maharashtra Industries Department has opened a separate office called MAITRI.

 

Market Historical Factors: 

Since the times of Tata, Birla, and Ambanis, Maharashtra has been the state of choice for most of India’s leading industrialists. The state continues to hold a favourable position to attract more investors. With its favourable industrial policies and large talent pool, Maharashtra has become a manufacturing hub. Since it is the second-largest state in India population-wise, it has a large consumer base and ranks high on the purchasing power index. Though it has some of the most well-known names in the Indian industry, its industrial policy favours the development of Small and Medium Enterprises (SMEs). Its appeal of being an ideal location is only further enhanced by the presence of industrial corridors in Nashik, Pune, Konkan, Nagpur, Aurangabad, and Amravati.

 

Infrastructure in Maharashtra: 

Maharashtra's railway network has a length of 5,987 kilometers. 9.3% of the total railway network in the country. There are 3 International airports, 7 Domestic airports, and 20 Airstrips. 99.2% of villages of the state are connected. Eighteen national highways connect the six neighbouring states & other regions. There are 2 Major Ports (JNPT & MBPT), 53 Minor Ports. JNPT is among the top 30 ports in the world, as per Lloyd’s Report.

 

Agriculture and Horticulture opportunities in Maharashtra: 

Maharashtra is a leading State in agriculture. Rice, jowar, bajra, wheat, tur, mung, urad, gram and other pulses are among the major crops grown in the state. It is a major producer of oilseeds. Groundnut, sunflower, and soybean are the major oilseed crops. Cotton, sugarcane, turmeric, and vegetables are among the most important cash crops. 

In terms of onion production, the state leads the nation. It is today emerging as a crucial horticultural State in the country. With different types of soils, diverse climate conditions, adequate technical manpower, drip irrigation facilities, and cool chain facilities, several varieties of horticulture crops are cultivated in the state. 

Grapes of finest quality produced in the state are now exported overseas. 13.66 lakh hectares of the state are planted with fruit crops such as mango, banana, orange, grape, and cashew nut.

 

Textiles: 

About 65 million kg of cotton are produced in Maharashtra, which is 25% of the country's total. Approximately 12 per cent of India's cotton yarn production comes from it, or nearly 272 million kg. 

To maintain Maharashtra's position as the country's leading exporter and producer of textiles, textile parks are being set up. The state’s critical competitive advantage in the textile industry is the abundant availability of raw material (cotton) and the large base of a skilled workforce.  

 

Chemicals, Petrochemicals, Oil & Gas: 

The state contributes 27.4 per cent to the nation's chemical, petrochemical, and oil and gas production. It also accounts for 18.2 per cent of the sector's employment in the country.  

It is the state's upstream and downstream links for raw materials and products that make it competitive in this field. A large chemical and petrochemical industry has developed in the state as a result of oil and gas found in the Bombay High field (offshore of Mumbai). The majority of the country's oil and gas comes from Bombay High.

 

Tourism in Maharashtra: 

Tourism is well recognised as a significant growth engine of the state. Maharashtra boasts a wide range of tourist attractions, such as ancient caves, temples, beaches, palaces, ancient forts and monuments, forests and wildlife, unique hill stations, pilgrimage centres, and a rich heritage of festivals, art, and culture.  

 

Mineral Resources in Maharashtra: 

The state's essential minerals include coal, iron ore, manganese, limestone, bauxite, dolomite, silica sand, kyanite and silimanite. Other minerals found include Barytes, Ilmenite, Clay, Chromite, Graphite, Fluorite, Tungsten, etc.  

 

How to Start a Business in Maharashtra? 

You must complete all legal formalities for starting your business. You should keep in mind three things when it comes to the legal formalities for starting a business in Maharashtra: the requirements, the procedure, and the documents. Below are brief descriptions of each.

The Requirements:

Private Limited Company- 

A private limited company should have at least two directors and an Indian citizen. Additionally, the number of directors cannot exceed 15. 

A Private Limited Company should have at least two shareholders but do not exceed 200.

Having your headquarters or a registered branch in an Indian city is mandatory, although you may also have offices abroad.

 

Public Limited Company- 

At least three directors and seven shareholders are required for a Public Limited Company. A valid Government identity proof and a PAN card are required for all directors. Besides these, each director of a public limited company should also have a unique identification number called Director Identification Number (DIN). 

In addition, you need to be an Indian citizen and have a registered office within an Indian city to form a Public Limited Company. All directors must have a Digital Signature Certificate (DSC), allowing them to sign documents electronically.

 

Procedures;

Starting a business in Maharashtra requires following legal steps that are part of registering a company. In most cases, registering a business involves five steps.

 

Step 1: Digital signature certificate (DSC): 

Directors of the company must have valid Digital Signature Certificates (DSCs). To register a company or business, the first step is to obtain a Digital Signature Certificate.

 

Step 2: Director Identification Number (DIN): 

A valid Director Identification Number (DIN) is also needed as a director. When incorporating your company, you will be able to apply for your DIN through DIR-3 or SPICe.

 

Step 3: Name Approval: 

You can get your company name approved by submitting the Name Approval Form or by applying for your DIN through SPICe (INC-32) during incorporation.

 

Step 4: SPICe (INC-32): 

After obtaining attestation from a legal authority, such as a Chartered Accountant, a company secretary, or a practising lawyer, you must submit the SPICe form (INC 32).

 

Step 5: The e-MoA (INC-33) and e-AoA (INC-34): 

Along with the SPICe (INC–32) form, you must also submit the e-MOA (INC-33) and the e-AoA (INC-34) forms. The registrar will assign a unique Corporate Identity Number (CIN) if you provide all the necessary documents and digitally sign them.

 

The Documents: 

The registrar will verify a set of documents before assigning the Corporate Identity Number (CIN) to a Public or Private Limited Company. The following documents are required for starting a business in Maharashtra; 

1. Directors’ PAN cards digitally signed.

2. Two passport-size photographs of each director, along with valid proofs of identity and address. 

Depending on the type of company and service provider, you will need to pay a registration fee.

 

 

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Biodegradable Plastic Bags from Corn Starch

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Cost of Project : 0.00Lakhs
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Rate of Return (ROR):26.00%
Break Even Point (BEP):44.00 %
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Cost of Project : 0.00Lakhs
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Manufacturing of Black Pepper Essential Oil
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Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Rate of Return (ROR):25.00%
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Workshop for Motors of Low Voltage (Up-To 1000V) and Distribution Transformers (Maintenance, overhauls and repairs)
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Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
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Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Rate of Return (ROR):30.00%
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TCI :0.00 Lakhs
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Auto Brake Pad  and  Auto Brake Shoe Production Business
Auto Brake Pad and Auto Brake Shoe Production Business

 

Auto Brake Pads a... Read More

Capacity : Auto Brake Pads 3,600,000 Nos. Per Annum Auto Brake Shoes 720,000 Nos. Per Annum
Plant and Machinery cost: 279.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):45.00 %
TCI :0.00 Lakhs
Cost of Project : 1422.00Lakhs
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Business Plan for Production of Double and Single Wall Vacuum Steel Bottles
Business Plan for Production of Double and Single Wall Vacuum Steel Bottles

 

Double-wall vacuu... Read More

Capacity : Double Wall Vacuum Steel Bottles 600,000 Bottles Per Annum Single Wall Vacuum Steel Bottles 600,0
Plant and Machinery cost: 963.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):52.00 %
TCI :0.00 Lakhs
Cost of Project : 1619.00Lakhs
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A Business Plan for Ferric Pyrophosphate
A Business Plan for Ferric Pyrophosphate

 

Ferric pyrophosph... Read More

Capacity : Ferric Pyrophosphate 600 MT Per Annum
Plant and Machinery cost: 48.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):31.00%
Break Even Point (BEP):73.00 %
TCI :0.00 Lakhs
Cost of Project : 133.00Lakhs
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How to Start A Business of Auto Piston
How to Start A Business of Auto Piston

An Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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A Business Plan for Seaworthy Containers
A Business Plan for Seaworthy Containers

Seaworthy containers are a new type of shipping container that have been designed to withstand the condit... Read More

Capacity : Standard Seaworthy Container Size: 20Ft 2,400 Nos. Per Annum
Plant and Machinery cost: 907.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):28.00%
Break Even Point (BEP):43.00 %
TCI :0.00 Lakhs
Cost of Project : 2040.00Lakhs
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Setup Extraction of Salt  From Sea Water  Plant
Setup Extraction of Salt From Sea Water Plant

 

Extraction of salt from sea water is a process by which salt is removed from the seawater. Salt... Read More

Capacity : Iodized Salt: 30,000 MT per annum, Industrial Salt: 30,000 MT per annum
Plant and Machinery cost: 1156.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):29.00%
Break Even Point (BEP):41.00 %
TCI :0.00 Lakhs
Cost of Project : 2776.00Lakhs
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A business Plan For Surgical Sutures (Assembling)
A business Plan For Surgical Sutures (Assembling)

Surgical sutures are a vital part of the medical industry and are used in numerous medical procedures. Su... Read More

Capacity : Surgical Sutures: 450,000 Boxes per annum
Plant and Machinery cost: 169.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):63.00 %
TCI :0.00 Lakhs
Cost of Project : 877.00Lakhs
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Starting up production of  Glycerol Monostearate
Starting up production of Glycerol Monostearate

Glycerol monostearate is an organic compound that is derived from glycerol and used as an emulsifier, thi... Read More

Capacity : Glycerol Monostearate: 900 MT Per Annum
Plant and Machinery cost: 93.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):29.00%
Break Even Point (BEP):64.00 %
TCI :0.00 Lakhs
Cost of Project : 320.00Lakhs
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Startup A Business of Double and Single Wall Vacuum Steel Bottles Setup the Manufacturing Plant of Double and Single Wall Vacuum Steel Bottles
Startup A Business of Double and Single Wall Vacuum Steel Bottles Setup the Manufacturing Plant of Double and Single Wall Vacuum Steel Bottles

Because the double-walled design prevents condensation on the outside of the bottle... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Now Is The Time To Take Control Of Your Future And Start A Business
Now Is The Time To Take Control Of Your Future And Start A Business

 

Starting a busine... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Start Production of Potato Chips And  Extruded Snack Food  (Kurkure Type)
Start Production of Potato Chips And Extruded Snack Food (Kurkure Type)

Potato Chips a... Read More

Capacity : Potato Chips: 150,000 Kgs Per Annum Kurkure Type Snacks: 150,000 Kgs Per Annum
Plant and Machinery cost: 43.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):30.00%
Break Even Point (BEP):71.00 %
TCI :0.00 Lakhs
Cost of Project : 121.00Lakhs
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Setup Cashew Nut Processing Plant
Setup Cashew Nut Processing Plant

Cashew nut pro... Read More

Capacity : Cashew Nut Processing: 4,794 Kgs Per Day
Plant and Machinery cost: 600.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):23.00%
Break Even Point (BEP):76.00 %
TCI :0.00 Lakhs
Cost of Project : 1100.00Lakhs
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Start a Business of Particle Board  From Rice Husk
Start a Business of Particle Board From Rice Husk

Particle board, also known ... Read More

Capacity : Particle Board (Size 4ftx8ftx16 inch.): 150,000 Nos. Per Annum
Plant and Machinery cost: 200.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):30.00%
Break Even Point (BEP):70.00 %
TCI :0.00 Lakhs
Cost of Project : 1100.00Lakhs
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A Business Plan for Wood Plastic Composite (WPC)
A Business Plan for Wood Plastic Composite (WPC)

Wood Plastic C... Read More

Capacity : Wood Plastic Composite (WPC): 10 Million Sq.Ft. per annum
Plant and Machinery cost: 406.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):61.00 %
TCI :0.00 Lakhs
Cost of Project : 790.00Lakhs
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Start a Production Of Soda Ash  By Solvay Process
Start a Production Of Soda Ash By Solvay Process

Soda ash, or sodium carbonate, is a white, powdery chemical commonly used in the prod... Read More

Capacity : Soda Ash (Na2CO3): 200,000 MT Per Annum, Ammonium Chloride (NH4Cl): 200,000 MT Per Annum
Plant and Machinery cost: 105000.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):14.00%
Break Even Point (BEP):43.00 %
TCI :0.00 Lakhs
Cost of Project : 1265.00Lakhs
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Setup Plant OF Hot Dip Galvanizing
Setup Plant OF Hot Dip Galvanizing

 

Hot ... Read More

Capacity : All Types of MS Structure 120 MT per day
Plant and Machinery cost: 619.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):25.00%
Break Even Point (BEP):42.00 %
TCI :0.00 Lakhs
Cost of Project : 2647.00Lakhs
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A Business Plan for Potato Powder, Starch & Flakes
A Business Plan for Potato Powder, Starch & Flakes

Potato Powder, Starch & Flakes are a range of products derived from the tuber of ... Read More

Capacity : -
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):58.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Start a Business of Lithium Ion Battery (Battery Assembly)
Start a Business of Lithium Ion Battery (Battery Assembly)

A lithium-ion or Li-ion battery is a type of rec... Read More

Capacity : Lithium-Ion Battery 60,000 Nos per Annum
Plant and Machinery cost: 172.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):29.00%
Break Even Point (BEP):61.00 %
TCI :0.00 Lakhs
Cost of Project : 812.00Lakhs
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Best Industry Business Plan Is Zeolite 4a! (Detergent Grade)
Best Industry Business Plan Is Zeolite 4a! (Detergent Grade)

The Product:... Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Startup Most Growing and Demanding industry Business plant of Fiberglass Transparent LPG Cylinders
Startup Most Growing and Demanding industry Business plant of Fiberglass Transparent LPG Cylinders

Product: Read More

Capacity : 0
Plant and Machinery cost: 0.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):0.00%
Break Even Point (BEP):0.00 %
TCI :0.00 Lakhs
Cost of Project : 0.00Lakhs
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Start a Production Of Compressed Biogas
Start a Production Of Compressed Biogas

Compressed bio gas (CBG) is a renewable energy source produced from organic material such as agricultural... Read More

Capacity : Compressed Bio Gas 6 MT Per Day Spent Slurry as Manure 60 MT Per Day
Plant and Machinery cost: 172.00 Lakhs
Working Capital : 0.00
Rate of Return (ROR):27.00%
Break Even Point (BEP):46.00 %
TCI :0.00 Lakhs
Cost of Project : 522.00Lakhs
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NameCapacityRate of return (ROR):Cost of project
Biodegradable Plastic Bag... Biodegradable Plastic Bags (Per Bag 25 gms Size): 12 MT per day 28.00 1498.00
Manufacturing of Dextrose... 0 0.00 0.00
White Oats Processing 0 0.00 0.00
Manufacturing of Vermicom... 0 0.00 0.00
Maize and It’s By Product... Maize Starch: 50 MT per day Sorbitol : 8.5 MT per day Liquid Glucose: 8.5 MT per day Dextrose Monohy 26.00 6631.00
Potato Flakes 10 MT per day 27.00 2093.00
Manufacturing of Biomass ... 0 0.00 0.00
Manufacturing of Black Pe... 0 0.00 0.00
3 Star Hotel with 2 Banqu... Air conditioned Deluxe Rooms:32 Units per day Conference Hall, Meeting Rooms & Business Lounge:0.5 25.00 1014.00
Workshop for Motors of Lo... Repair & Maintenance Motors (100 KW):2 Units per day On Site Annual Maintenance Contract (AMC):0.8 U 30.00 76.00
PVC Wires and Cables PVC Coated Copper Wires (100 Mtrs Rolls):33,784 Nos. per annum PVC Coated Aluminium Wires (100 Mtrs 32.00 1568.00
Start your own industry o... 0 0.00 0.00
Start Profitable Surgical... 0 0.00 0.00
Manufacturing of Disposa... 0 0.00 0.00
Ayurvedic Herbal Hand San... 1 0.00 0.00
Liquid Hand Wash 0 0.00 0.00
A Business Plan For Sanit... Sanitary Napkins 4,800 PKTS per day 27.00 84.00
Start Manufacturing Of Bl... - 32.00 985.00
Start Production Of Potat... Potato Flakes 2 MT Per Day 25.00 563.00
Setup Manufacturing Unit ... Saddle 7,000 Unit Per Day Pedals 10,000 Unit Per Day 31.00 575.00
Opportunity in Sodium Sul... Sodium Sulfide Flakes 10,000 MT Per Annum 30.00 1426.00
Business Plan for Lithium... - 29.00 812.00
Start Manufacturing Busin... Cargo Containers (Size 20 Feet) 34 Nos Per Day 29.00 1992.00
Start Cutting and Grindin... Cutting Disc Size: (115 mm x 1 mm) 2,000 Pcs Pr Day Grinding Disc (115 mm x 6 mm) 2,000 Pcs Pr Day 28.00 423.00
Ferrochrome Manufacturing... Ferrochrome 135 MT Per Day 10.00 40400.00
Start a Business Of LPG C... LPG Cylinders (14.20 Kgs Size) 3,334.0 Nos. per day LPG Cylinders (19 Kgs Size) 3,334.0 Nos. per day 32.00 3475.00
Start Banana Wine Product... Banana Wine (750 ml size Bollte) 2,960 Bottles per day 25.00 1189.00
Activated Carbon From Ric... Activated Carbon 2,000 Kg Per Day 25.00 606.00
Set Up Activated Carbon F... Activated Carbon 2,000 Kg Per Day 25.00 606.00
Set Up Business of Flat G... 0 0.00 0.00
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