Small scale industries are the backbone of the economy, businesses can start with less capital
Small scale industry manufactures more than 8 thousand products
There are more than 6.5 crore small scale industries in India at present.
60 to 70% growth is from this sector, which is important for the economy.
1. Vegetable and fruit processing Vegetable
fruit and its bioproduct manufacturing can be started with an investment of 35 lakh to 50 lakh.
2. Manufacturing of Spices
40 lakh to 60 lakh rupees are invested in setting up such an industry. After this, it is delivered to the distributors through the marketing team.
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3. Toy Industry
Toy dealers are able to supply only a quarter of the country's demand, with the rest coming from abroad. It has good potential.
4. Production of sanitary pads
Production of sanitary pads can start production with an investment of 25 to 50 lakhs and with the help of e-commerce companies, cooperation can be taken to increase sales.
5. Ayurvedic and Herbal Medicines
After Corona, people are getting attracted towards Ayurvedic and herbal medicines. So this business has gained momentum.
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6. Event Management
The event manager has an important role in this. You can earn good profit by investing 15 to 20 lakh rupees in this. Apart from this, industries like real estate broking, jelly, furniture can be started.