Gujarat is among the wealthiest states in India. If you’re living an unemployed life in Gujarat, it is the time to bring changes. You can make efforts to start a new business venture.
You can start a small scale business selling vada pav. Also, you can produce small quantities of this dish to sell in the markets. It’s also great to invest in manufacturing petroleum jelly or paper and printing. These are some of Gujarat's low budget business ideas if you have a low budget for investment.
You can explore more ideas in these business fields by reading the following article. It will provide you with information on how you can start your own business in Gujarat.
Did You Know?
Over the past five years, Gujarat has seen over 34700 newly registered firms that were the eighth-highest compared to other states. Gujarat ranks first among Indian states in terms of ease of doing business. It is India's largest producer, employing 35% of the country's workforce and exporting 60% of its cotton.
Also Read: The Best Manufacturing Companies in Gujarat
Here’s a List of New Business Ideas in Gujarat
Whether it's our Prime Minister, Narendra Modi, or Mukesh Ambani, our country's most successful business icon, Gujarat has never failed to wow us with the raw talent it possesses. Gujarat is one of India's most important industrial states. It is also known as the "petro-capital" due to the presence of massive refining facilities in both the private and public sectors. Gujarat is the largest producer in India and has great opportunities for new startups. Here are some fine ideas for new business in Gujarat:
1. Fertiliser and Chemical Production
Investing in fertiliser and Chemical Production as s business idea in Gujarat is an excellent investment choice. With the increasing use of organic foods in India, growing demand for organic fertilisers is expected in the future. Most organic compost, preferably one without chemicals, is necessary for this type of farming.
You may be eligible for government or donor grants for your fertiliser manufacturing business. Grants for this type of venture start with municipal and state grants, followed by federal and private donors. You will need the right documents and certifications to start an organic fertiliser company.
Subsidy for fertilisers is available under DBT, and the subsidy for P&K and DAP fertilisers will be 100%. You can claim another 5% for SSP fertilisers under freight subsidy, escalation, or consequential recoveries. Moreover, if you need to import chemicals or fertilisers, you can claim the subsidy on the ocean freight.
Gujarat is home to one of the largest agricultural regions in India. With a constant demand for fertilisers and other chemicals, this business is an excellent investment opportunity.
2. Manufacturing Paper and Printing
The paper industry is a growing industry in India, and it employs millions of people and is one of the largest industries in the country. Paper manufacturing in India accounts for around 1% of the world's total paper production.
With a growing population and high literacy levels, the country is expected to produce huge amounts of paper in the years to come. Therefore, if you are looking for a way to profit from this business opportunity, Gujarat is a great place to start. . This business requires some machinery and will be in huge demand in the state.
You can also start a business in the agricultural sector. Agriculture is the backbone of Indian industries, and Gujarat is no exception. Apart from agriculture, you can also start a manufacturing paper and printing business in the state. Besides, the demand for paper is higher in Gujarat, and you don't need a huge investment to start manufacturing companies in Gujarat.
3. Godown for Raw Textiles
One of the best home businesses in Gujarat is a Godown for raw textiles. The state is the third-largest producer of denim in the world and the textile hub of India. The state produces and sells clothing materials at wholesale prices in colossal quantities across India. You can sell these materials to consumers and wholesalers at a profit if you set up a godown for textiles in Gujarat.
If you have a passion for embroidery, you can also start a godown for textiles. The state is abundant in cotton, and you can start a small business that grows with time. Once your business starts to flourish, you can expand to a larger location.
Ensure your godown is near raw materials and import/export centres to ensure a successful operation. You’ll require high-tech machinery and a skilled workforce if you're targeting large production for one of the best business ideas in Gujarat.
4. Manufacturing Petroleum Jelly
If you're a creative person who has a passion for the beauty industry, you might want to start a small-scale business manufacturing Petroleum Jelly. This product is highly beneficial for industries as it's inexpensive and safe for the skin.
The business can be started on a small scale by a woman, and all you need is raw material, labour and a little capital. There are several micronutrient manufacturing business ideas in Gujarat, and they all require the same amount of raw material and a labour force.
Vaseline is another business idea that can bring good profits for your Gujarat-based small business. Vaseline is a petroleum jelly product that keeps the skin moist and soft in colder months. This product is an excellent business for a woman to start as it is a highly sought-after item by both men and women. This product is easy to acquire, and you will be able to grow and expand your business as demand for it rises.
Also, no matter which business you choose from this list, write your business plan according to your creative ideas before starting to invest.
5. Papad Production
If you are interested in starting a papad production business, several factors to consider. One of the most important factors to consider is the cost of raw materials, and Papad production is a lucrative business opportunity in Gujarat.
You can start a papad business on a small scale by purchasing papads from the market, making them by hand and packing them for sale. This type of business requires a small area, about fifty to seventy square metres, to run. Also, it can be one of the best business ideas in Gujarat.
Alternatively, you can rent a room. The space you require for papad production is for spreading and drying the papad. Lastly, you must determine how much capital you will need to start the papad production business in Gujarat.
There are many costs associated with papad production, some of which are fixed, and others vary depending on your conditions. Developing a business plan will help you budget your capital effectively. If you cannot raise funds yourself, you can apply for a term loan from a bank or credit union, which can be used to start the venture.
6. Food Stores and Manufacturing
Food stores and manufacturing are two of Gujarat's most lucrative business ideas. So, if you are looking for a lucrative business opportunity, you should consider starting a Food Stores and Manufacturing business.
Food establishments are always in demand as people will need nourishment, whether in their homes or on the go. For this, you need to offer genuine Gujarati cuisine that includes trademark and root recipes. This is surely one of the profitable and best business ideas in Gujarat.
The cuisine must also be reflective of the culture of Gujarat. This way, you can position your business as the best Gujarat offers. Pickle manufacturing is another profitable idea, and you can produce delicious pickles from the roots of local vegetables and fruits.
7. Fashion Design Studio
If you are interested in starting a fashion designing business in Gujarat, this state offers a lot of possibilities. With approximately 60 million people, this state has a strong economy.
There are thriving marketplaces and companies throughout the state, which presents a great opportunity for entrepreneurs who want to set up their own businesses. In addition, Gujarat has an excellent road network, which gives access to a vast platform for transportation, communication and cutting-edge technology.
Gujarat is an emerging destination for fashionistas with a growing demand for designer clothing. Whether it is a wedding, pool party, or any other event, consumers in this state want the latest fashion labels. Multiple designer shops have opened in Gujarat, including Deval Fashion, TWT and Avakasa.
There are also many young and fashion-conscious consumers in Gujarat who have the means to pay higher prices for designer wear.
8. Tiffin Delivery Service
A tiffin delivery service can be a lucrative business venture in Gujarat. Customers will want the convenience of being able to get food delivered to their homes at a convenient time. The business model is simple to implement and requires little startup capital. Make sure you have a step-by-step guide and have experience in the business planning process.
As a tiffin delivery service, you can also target office employees. You can charge them a monthly subscription fee. You can set a set price for your tiffins and choose the type of dishes you prepare and serve.
Once you have gained the trust of your customers, you can expand your business fast. There are many potential customers for tiffin delivery in Gujarat. Once you make it a point to provide good service and high-quality food, you will be able to gain a loyal customer base.
These were some of the best small business ideas in Gujarat.
Gujarat has a huge population of over 60 million, and this is one of the strongest states in India in terms of economy. Many companies have started their businesses in Gujarat, developed them there and then spread to various other states and even countries.
So, Gujarat is a huge pool of business opportunities, and you just need the right knowledge and proper planning to start your business in Gujarat. Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.