10 Most Profitable Manufacturing Business ideas

Overview

You have to start somewhere, to get somewhere”, quite literary in terms of the manufacturing business. It’s where the product is produced from scratch to get to your doorstep

Did you know there were 237684.000 manufacturing units in India as per 2018 and do you know mission these manufacturing business might have in common? Starts with a P, Their Purpose i.e to achieve Profits.

Moreover inspired by our honourable prime minister’s speech on “local is vocal”, “ Aatmanirbhar Bharat” and “Make in India” initiatives and not to forget the Cold War of India with the largest manufacturing country and biggest competitor to India in terms of the fastest growing economy ie China

The need to make manufacturing sector contribute more than just 18.32% to make India self reliant has increased

However the meaning of the Most profitable manufactures business idea varies among the individuals on the basis of what profits means to them. So here are few ideas we though you could put use to

Most profitable manufacturing business in terms of investment

The most profitable manufacturing business to take up in terms of an investment as minimal as between ₹ 1 lakhs – ₹ 5 lakhs

Candle manufacturing business:  

From being used to lighten up the room during a power breakdown to being used as as a decoration in 5-star hotels and restaurants this product is a necessity as well as a luxury.

Investment: ₹ 39000-₹50000

Profits:         ₹ 70000 per month

Soap manufacturers business:

Yes, that slippery bar which has a capability to scrub and was but also fall of from our hands in the bathroom and makes us play hide and seek, that soap business has over 315 million users across this country

Investment: ₹ 5 lakhs

Profits.       : ₹ 300000

Tempered glass manufacturing business:

With over 134 million of smart phones being sold the probability of its screen getting damaged because it’s been dropped, thrown or even flushed is much more higher. That’s when the tempered glass outlets comes in to business

Investment: ₹ 1.5 lakhs – ₹ 2 lakhs

Profits.       : ₹ 5 lakhs per month

Agarbatti manufacturing business:

From being used as a part of some important religion rituals to being used at spas, meditational and retreat centres this perfumed slick, Agarbatti whose domestic market is pegged at ₹ 7000 crore in India is here with a business opportunity for you

Investment : ₹ 45000- ₹ 55000

Profits         :  ₹ 5 lakhs

Footwear manufacturing business

This is the industry which has more variety into it than the types of mangoes available in India. The market value of this industry is $324 billions. Walk into this business, would you?

Investment : ₹ 5 lakhs

Profits         : ₹ 70000

Most profitable manufacturing business in terms of higher profits

Mineral water plants:

A mineral water manufacturing plant, the most natural profit maker, quite literally has a market value of ₹5000 crore. Your target consumer will be every customer with as basic yet as essential need as water

Investment : ₹40 lakhs – ₹ 50 lakhs

Profit           : ₹1.5 – ₹ 3 crores

Ice cream cone manufacturing business

That crispy, crunch hazel brown ice cream cone with variety in flavours, textures, sizes, shapes etc has the market value of ₹441.8 billions in India. Don’t let this opportunity drip

Investment : ₹ 3 lakhs- ₹ 5 lakhs

Profit           : ₹ 12 lakhs per month

Paper manufacturing business

Irrespective of a more digital place being established paper is still a requirement for many commercial offices, schools, government offices etc.

Moreover the paper market of India is valued at $ 13.4 billion in 2018

Investment: ₹ 1 lakh – ₹ 1.5 lakh

Profits.      :  ₹ 66 lakhs per annum

Honey manufacturing business

From being used as a sweetener to having its benefits in the form of face packs, cosmetics etc, honey has reserved itself a shelf space because of its eternal shelf life.

Investment : ₹1,75,000

Profits         : ₹ 12 lakh per year

Furniture manufacturing business

The chair, the table, the bed, the stand, the door, the window. Your business is the basic need for a living of an individual. Your target market would be the millennial population that accounts for 53.8% in this country

Investment : ₹ 12lakh – ₹ 15 lakhs

Profit.          : ₹ 24 lakh per month

Suggestions

To conclude, these are not just the business opportunities you read about, these are those products you can’t survive without either

So, to imagine the amount of profits and importance these manufacturing business are likely to facilitate, its vast,  as vast the demand from 135.26 crore people