West Bengal is connected to all the parts of the country and internationally through various modes of transport. The city has all kinds of business right from textile, restaurants, steel plants, wholesale and retail trading and manufacturing. With its thriving economy and connectivity, one can open a lucrative or small scale business in West Bengal. So are you interested in starting a profitable business in West Bengal? Look no further. This article covers diverse business ideas in West Bengal that you can transform into reality.
Did you know?
One of the earliest restaurants to open in Kolkata was Aminia in 1929. It specialises in Awadhi cuisine.
Tools for starting a business
Some of the major and essential tools to start any business that every individual should consider are listed below:
- Payment Gateway
- Online Shop Builder
- Online video Creation
- Freelance service marketplace
These tools are recommended for the smooth running of the business. But the same should be selected as per the requirements of the business and needs of the management.
New business ideas in West Bengal
With so many features such as rich mineral sources, fertile soil, connectivity to national and international territories, consumer trends, market conditions, it is assured that every business idea in West Bengal will flourish and bloom.
Many small and medium-sized businesses that form part of major business houses are listed below:
1. Quick Service Restaurant
Amongst the small business plan in West Bengal, a restaurant idea is one of the prominent ones. The simple reason behind this is that people in West Bengal are real food lovers. They love to explore and satiate their taste buds. The studies have also proved that the demand for food in suburban and urban areas of the state is considerably high.
There is a high scope if you own a franchise for reputed food brands. Even the local food will make a big Bengal business if there is a proper ambience, good taste, hygiene, and proper communication channels. KFC, Kathi Junction, Chickblast are doing good business in the state. You’ll need an investment of around ₹15-30 lakhs to start this business.
2. Florist Shop
One of many best business ideas in West Bengal is starting a florist shop. This is one of the most growth-oriented business ideas for the simple reason that the people in West Bengal are highly religious and flowers are required in a lot of ceremonies. Every festival and celebration in the state is celebrated with lots of vigour. For every party, celebration, festival, or event, flowers are a much-needed ingredient for the decoration. Many companies such as Ferns & Petals and Floralis have established their branches in some parts and offer franchises in the state. Even the local florist shops with a variety of items do good business. With a low investment of ₹2-5 lakhs, you can start this business.
3. Diagnostic Centre
Any individual with knowledge, particularly in laboratory science, can start a business diagnostic centre in West Bengal. This business requires a substantial capital investment of more than ₹10 lakhs. Pharma and medical industry have been on the top in the list of West Bengal business category and diagnostic centre with pathology lab can make decent profits.
A good quality diagnostic centre is the need of the hour since it can aid in proper diagnosis, thereby meeting patients requirements. Companies like Thyrocare, Apollo, and others have offered franchises in West Bengal.
4. Car Rental Business
The tourism industry and service sector industry have been the two driving forces for the success of car rental services. Car rental is one of the main business ideas in the village area in West Bengal.
This is one of the management and capital-intensive businesses. It involves operations such as the supply of rental cars, customer reservations, time scheduling, and others. A small business can be run in Uber, Ola, or even franchisee of such big brands can also be taken up. Therefore, you’ll require an investment of ₹37-90 lakhs to establish this business.
5. Salon and Spa Business
Services and products provided by the salon and spa businesses enhance the physical appearance of the client and provide mental peace and relaxation. In the West Bengal business opportunities, it is one of the most trending business opportunities.
To start a salon and spa business, the individual must select an appropriate location, prepare sales promotional activity, and hire an efficient workforce. With appropriate knowledge and other features, it is easy to start a business in the state. There are certain companies such as Green Trends, Lakme, Habibs, and many more that can facilitate opening the business under their aegis. You’ll need an initial investment of ₹21- 32 lakhs for this business.
6. Computer Sales and Repairing business
With the pandemic around, a study from home and work from home has been on the top list of every household. And therefore, there has been a massive increase in sales of computers, laptops, smartphones, and other devices. Thus, repairing and selling computers and other devices is another small-scale business idea in West Bengal. An individual skilled in such computer-related activities can start this business with less capital investment of not more than ₹5 lakhs.
Manufacturing business ideas in West Bengal
Some of the manufacturing business ideas are also growing manyfold in West Bengal. Few budding small business plans in West Bengal village are mentioned below:
1. Face Masks making
With the pandemic all over the country and the world at large, making facemasks has proved to be a very promising industry. Masks have been in demand all over the world. So if an individual holds even minimal knowledge in the clothing and stitching industry, this is a very good and profitable business idea. Also, the capital investment is very low with this business. Various masks, including cotton, decorative, matching the attire, bridal, and surgical masks, are very much in demand.
Many clothing industries have also opened a department for only manufacturing masks or having a trading business of masks. You can also provide your manufactured masks to these brands.
2. Manufacturing Sanitiser
The sanitiser has become an essential household commodity of every home and workplace, especially because of the COVID-19 pandemic. Manufacturing sanitisers requires a capital investment of more than ₹5 Lakhs. But in the current scenario, this is the most profitable and sought-after business idea in Kolkata.
3. Garment Manufacturing
Kolkata has been the hub for garment sales for a long time. You can provide speciality sarees of West Bengal such as Baluchari handloom silk saree, Tangail Jamdani, Murshidabad Silk Saree and more. You can also sell traditional men's clothing ranging from dhoti, lungi and more. Wholesalers and retailers all over the country look for their garment needs and requirements from Kolkata. Setting up a garment manufacturing industry in and around the city can be a profitable business. One can start a small business with the help of local people with their skills and can be a supplier to big business houses or even sell directly through online sites. Start this business with an initial investment of ₹20 lakhs.
4. Spice manufacturing
People in West Bengal are food lovers and are ready to explore food items. Spices add taste and aroma to the food, so spice manufacturing Bengali business idea has a wide scope and a huge market base in the state. Also, this kind of business can be started with a very low capital investment of approximately ₹2 lakhs.
5. Production of Mustard Oil
The locals of West Bengal use a lot of mustard oil to prepare a variety of cuisines. It gives a better flavour and aroma to the preparations and therefore is preferred for cooking and dressing. Therefore the production of Mustard oil within the state is a welcoming business opportunity. The capital investment is initially high, around ₹8 Lakhs. However, the excessive profit gives the payback very fast.
Retail Business Ideas in West Bengal
1. Clothing Shop
Consider starting a clothing retail shop if you wish to earn handsome money with less capital investment. Have a variety of latest clothing and trendy items in the shop which will attract all kinds of customers and help you do good business. If you already own a commercial space, that can be an added advantage; otherwise, rent expenses can sometimes be a burden; therefore, you’ll need an initial investment of ₹20-60 lakhs.
2. Tea and Snacks shop
Even a small outlet of tea shop with hot yummy snacks can be a very good and attractive small business plan in west Bengal village or urban and semi-urban areas. The major reason is that the locals of West Bengal are tea lovers, and tasty snacks and tea can be a very attractive sight for people! The business does not require any expenses but gives a lot of payback if managed appropriately and provides customer satisfaction. An initial investment of ₹30-50 lakhs is required for this business.
3. Grocery Stores
Shopping malls have been a new trend all over the country. However, the traditional grocery shops have still not lost their importance, and the state's locals still prefer the nearby grocery stores over the huge shopping malls. The grocery shop can be started with a very low capital investment of ₹10 lakhs to ₹1 Crores, and the payback return and turnover rolling are very fast in this business.
4. Beauty products retailing
People of West Bengal are passionate about beauty-related products. Therefore starting a business to sell beauty products is a very good business idea in West Bengal and would gain high popularity. You can start this business with a low investment of ₹1-2 lakhs.
5. Electronics and Electrical Appliances
This small-scale business in Kolkata and other state cities is an evergreen business idea. However, the electronic and electrical appliances shop needs a trailing space, a good location, and a heavy investment of ₹10-50 lakhs. It needs a strong backup financially, manpower and other resources to run this business.
Also Read: 10 Best Wholesale Business in India 2021-22
Most of the small scale business ideas in West Bengal are listed here. The individual can analyse each business and select the one as per the current market trends and customer demand in that particular area. The deciding factor for selecting any business also includes the knowledge, interest, experience, and skills of the person. The availability of financial and other resources also matters to choosing a business. West Bengal has been a good market for most business ideas and is rich in resources. Therefore selecting a business to start in the state is not very difficult.
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