Top 11 Manufacturing Business Ideas In India That You Can Start In 2020
“No matter what anybody tells you, words and ideas can change the world.” So that is what I bring to you today- A curated list of manufacturing business ideas in India to choose and experiment from.
See, the fact is – the business world and its ways are reforming. And in 2020, you do not need to be another Larsen & Toubro or another Jindal steel to make a difference; you just have to be – well, you!
Entrepreneurship in manufacturing business might seem to be a fancy venture where you can dabble your way to success and earn millions and live happily ever after. But let me burst the bubble and tell you – the truth cannot be any further. It requires plans, strategies, skills, expertise, a supportive team, and most importantly – honest efforts to make a dent.
If it’s your first time, this will help.
Here are 11 manufacturing business ideas in India to start in 2020:
1) Handmade Organic & Exotic Soaps
With more and more people opting for chemical-free alternatives, it is the perfect time to dive into the hand-made organic soap business.
You need to make an initial investment of INR 1.5 – 2 lakhs and can expect pretty exciting returns. Another favourable fact is – you won’t have a hard time convincing prospects.
Why? Because people are already switching to an organic lifestyle. Check out SoulPure, a Bangalore-based startup that produces not only skin-friendly but also environmental-friendly soaps, for more inspiration.
2) Fashion Jewellery
This is one of the most profitable manufacturing business ideas in India.
What makes it profitable? Rather than hoarding on gold and diamond, modern-day women now buy jewellery that is light and pleasant and wears it to work, events, and celebrations. And fashion jewellery serves the purpose well.
These days jewellery brands leverage e-commerce and social media – Instagram and Facebook pages, for marketing. Secret tip – Influencer marketing is a great way for such brands to gain traction.
For clarity, study about Pipa+bella, brain-child of Suchi Pandya, a thriving Mumbai-based jewellery business.
3) Women’s Footwear
The world is evolving and so are the choices. Women are actively seeking home-grown brands and are more than willing to try new and unique styles.
The demand for businesses that manufacture non-leather, cruelty-free, fashionable yet comfortable footwear for women is on the rise. And this is the best time to take the leap.
Here, again, social media marketing proves to be fruitful – you can start with your website/blog/page. Know more from those who are already leveraging the industry – Devika Srimal’s Kanabis, a Delhi-based footwear business and Chondamma Cariappa’s The Sole Sisters.
Interesting story – Chondamma started a Facebook album named ‘Fetish’ where she would post pictures of shoes from various parts of the world that she came across while travelling.
The album turned into a blog, ‘The Sole Sisters’, and the response she received pushed her to start the footwear label.
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4) Eco-friendly cutlery and kitchen items
The common denominator in all successful manufacturing businesses in India is that they all make their customers’ lives easy. Eco-friendly cutlery is another growing business that does the same.
It not only saves us from the hassle of maintenance but also is the best possible alternative to plastics.
With our generation becoming more aware and environment-sensitive, there’ll be no dearth of customers in this business. The aesthetic appeal will serve as an added advantage.
For this, you’ll need to invest in cutlery making machines that will cost around INR 50,000. The best example I can think of is Narayana Peesapaty’s Hyderabad-based Bakeys that makes edible cutlery from nutritious food materials.
The company claims the cutlery contains no chemicals, additives, or preservatives. Bakeys claims the products have a long shelf life as they are moisture and fat-free.
5) Environment- friendly bags
This category encompasses Jute, canvas cloth, and paper bags that are sustainable alternatives to plastic ones. This is one business that will never fall short of customers because. Well, we are not going to stop using bags anytime soon!
Paper bags and envelopes are in high demand with large supermarkets, pharmacies and other retailers. Its raw material is inexpensive and available in abundance.
The use of biodegradable and reusable “golden fibre” is also at a high. And its manufacturing process is also simple. These kinds of bags serve multiple purposes.
The canvas cloth bags, on the other hand, are used by college-going students which again make them rich in demand. EcoAd is doing a great job in this context.
The paper bag making startup says – “We target the elimination of polyethene from our culture and society. Every day we are getting closer to it. Closer we go more we realise the magnitude of this issue.”
6) Smartphone accessories
Out of the many manufacturing business ideas in India, this one is obvious. With smartphones, we carry our world in our pockets, quite literally.
There’s no if and but about its demand – and the same goes with its accessories. Anyone who uses smartphones will need tempered glass, phone cases/covers, selfie sticks, and other accessories as well.
This makes the business high in terms of profit. Speaking of investment, the low capacity tempered glass making machines cost around Rs 75,000 while high capacity ones cost over Rs 1.5 lakh.
One inspiring story is that of Chirag Demla and Pawan Demla’s CellBell. It’s an eCommerce platform for mobile accessories – Selfie sticks, headphones, cables, screen glass, and covers that started with an initial investment of 7 lakhs.
Recently, CellBell was selected by Amazon as a ‘strategic account’ due to its consistent sales performance and was the single brand account to achieve a sales target of over Rs 12 crore.
7) Personal care range
In today’s day and age, people are more than willing to splurge in natural/organic personal care products. The reason is simple – awareness.
The products range from facewash, face creams, lotions to lip balms and scrubs. You can choose a single product or an entire range to start your business. The returns are great and sure to come.
One such home-grown brand is Shabia Walia’s Mumbai-based Wild Earth. It offers natural beauty products free from sulphates and parabens.
Started with a single product, she then went on to launch her own company. It today has 17 categories of products for hair and skincare that recorded an annual turnover of Rs 1.23 crore.
8) Recyclable apparels
What if I tell you heaps of waste can build you an empire? Well, not an empire, but definitely a start-up. You can recycle waste or used clothes to produce edgy apparels out of it.
Sounds innovative? It is, and start-ups are leveraging it already. A unique idea backed by innovative marketing can turn this business into a goldmine.
One such inspiration is RawPressery, a Mumbai-based food and beverage startup that has started an eco-friendly initiative called RawCycle. “The used beverage bottles are first washed and chopped into flakes.
These are then melted and converted to chips before extruding the same into yarn. The yarn is woven into a fabric, stitched and dyed to make t-shirts,” Raw Pressery told YourStory.
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9) Indian handicraft items
Thinking of starting a social startup? Here’s an idea! Indian handicraft items are high in demand and bridge the gap between artisans and customers.
You can start this manufacturing business with low investment, and there’s much more than monetary benefits you’ll earn in return.
One such story is that of Ahmedabad-based Gaatha. They use recyclable materials such as bamboo, wood, leather, fibre, and even urban waste to produce clothes, jewellery, paintings, and stationery. The products are crafted by artisans of Gujarat, Rajasthan, Madhya Pradesh, and Kashmir.
10) Handmade candles
We are a generation that strongly believes in the power of aesthetics. And that makes handmade candles a high in-demand product.
In recent years, there’s been an inclination towards scented and therapeutic ones – found in restaurants, households, and hotels, spas, and spiritual places. With an initial investment of INR 20,000 to 30,000, you can expect great returns, especially in the festive season.
11) Homemade chocolates/cookies
Let’s face the fact – Indian have a sweet tooth! And we are always looking for new and refreshing flavours. If you think you can serve pure delight on a platter, then this manufacturing business is for you.
The best part? It requires an initial investment of less than INR 50,000. Also, you’ll have a wider target market to cater to as this is one product that will tickle the taste buds of children and adults both.
I won’t tell you that starting a manufacturing business in India is easy. It is far from it. But with the right idea and strategic execution, I can promise you this – it will be worth it!
Which idea are you choosing to experiment with to make 2020 a groundbreaking year?
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