Innovative Manufacturing Business Concepts for High Returns

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 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 honorable 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 i.e. 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 manufacturing 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.

1. 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, candles is a necessity as well as a luxury.

• Investment: ₹ 39000-₹50000

• Requirement: Packaging and Labeling, Candle making kit, Natural soy wax flakes, Beeswax pellets, Candle wicks, Online Sales Platforms (Amazon, Flipkart, Ajio, ShareASale, Shopify Collabs), etc.

• Profits: ₹ 70000 per month.

Read More: How To Start Soap Manufacturing Business?

2.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

• Requirement: Soap Formulation, Quality Control and Testing, Soap Making Kit, Soap Cutter, Mixing Bowls, Immersion Blender, Online Sales Platforms, Thermometer, Decorative Elements, etc.

• Profits : ₹ 300000

3.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

• Requirement: Plant Layout and Infrastructure, Supply Chain Management, Sales and Marketing, E-commerce and Distribution (Amazon, Flipkart, Ajio, ShareASale, Shopify Collabs), etc.

• Profits : ₹ 5 lakhs per month

4.Agarbatti manufacturing Business

From being used as a part of some important religion rituals to being used at spas, meditational and retreat centers 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

• Requirement: Manufacturing Equipment, Raw Materials and Suppliers (bamboo sticks, fragrance oils, wood powder, charcoal powder, and binding agents), Formulation and Fragrance uniqueness , Packaging and Labeling, Staffing, Branding and Marketing, E-commerce and Distribution (Amazon ,Flipkart, Ajio, ShareASale, Shopify Collabs), etc.

• Profits :  ₹ 5 lakhs

Read More: Mobile Tempered Glass Making Business 

5.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

• Requirement: Raw Materials and Suppliers (leather, fabric, rubber, or synthetic materials.), Manufacturing Equipment (cutting machines, sewing machines, molding machines, finishing equipment.), Marketing and Promotion, E-commerce and Distribution (Amazon, Flipkart, Ajio, ShareASale, Shopify Collabs), Customization Options, Returns and Warranty Policies, etc

• Profits: ₹ 70000

Most profitable manufacturing business in terms of higher profits

6.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

• Requirement: Water Treatment and Purification(reverse osmosis, UV treatment, and filtration.), Bottling Equipment (filling machines, capping machines, and labeling machines), Water Quality Testing, Recycling and Sustainability, Transportation Vehicles, Storage Facilities, etc.

• Profit : ₹1.5 – ₹ 3 crores.

7.Ice cream cone manufacturing business

That crispy, crunch hazel brown ice cream cone with variety in flavors, 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

• Requirement: Raw Materials and Suppliers (flour, sugar, flavorings, and packaging materials.) ,Cone Formulation (sugar cones, waffle cones, or gluten-free cones), Manufacturing Equipment (cone-making machines, ovens, and packaging machinery.), Packaging and Labeling machines, Distribution and Sales, etc.

• Profit : ₹ 12 lakhs per month

8.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

• Requirement: Raw Materials and Suppliers (pulp, wood, or recycled paper.), Paper Manufacturing Process (pulping, pressing, drying, and finishing), Staffing, Quality Control and Testing, Recycling and Sustainability, etc.

• Profits.:  ₹ 66 lakhs per annum

Read More: How To Start Agarbatti Making Business 

9.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

• Requirement: Beekeeping and Honey Extraction, Processing Equipment (extractors, filters, settling tanks, and bottling machines.), Quality Control and Testing, Packaging and Labeling, Suppliers and Raw Materials ( bottles, labels) Marketing and Branding, Storage Facilities, etc

• Profits: ₹ 12 lakh per year

10.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

• Requirement: Production Space and Equipment (machinery such as saws, sanders, drills, and finishing equipment.), Raw Materials and Suppliers (wood, hardware, adhesives, and finishing materials.), Skilled Workforce (craftsmen, carpenters, workers), Packaging and Shipping, Showroom space and display prototypes, Marketing and Branding, Customization Services, Returns and Warranty Policies, etc.

• 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.

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