Do you want to know about small businesses in Maharashtra with low startup costs? You’ll find them here. Maharashtra has an estimated GDP of $16.87 billion, which ranks it as the largest economic entity in India.
Maharashtra is India‘s largest industrial hub, producing 13 percent of the country‘s total economic output. It is one of the most important states for manufacturing, especially pharmaceuticals, petrochemistry, heavy chemicals, electronics, and automobiles.
Maharashtra has an economy driven by small-scale industry, which includes the manufacturing of three-wheeled motorized rickshaws, jeepneys, commercial vehicles, and cars; synthetic fiber; cold rolled steel; and industrial ethanol.
The Government of Maharashtra has set up Maharashtra Industrial Development Corporation (MIDC) for providing business development services to companies.
There is huge potential for setting up a new business in Maharashtra.
The Best Small Business Ideas in Maharashtra
These are the best businesses to get started in Maharashtra with a small initial investment.
Amusement Park
The amusement park is an expensive venture and requires large amounts of money to set up. You must ensure that your site can easily attract visitors so that they will stay longer and spend more money.
Make sure that the design of your website is attractive and easy to navigate. Ensure that you offer a wide variety of products and services to keep people coming back.
You like to read: The Best Investment Opportunities In South Sudan
Consulting
When starting out, you may not know much about what you’re doing. You may think you do, but if you haven’t done any research into the industry, you could find yourself losing money before you’ve made any.
That’s why it’s important to get advice from people who have already gone through the process. They can give you tips on how they did things and help you avoid mistakes they might have made.
E-waste Recycling
Recycling electronic devices are a big business in India. A recent report estimates the size of the market at $1 billion annually. That’s not bad considering that only about 10% of the world’s electronic devices end up in landfills.
In order to get a handle on how much of the country’s electronics can be recycled, we spoke with Dr. Ramesh Srinivasan, director of the National Centre for Electronics Recycling (NCER) in Bangalore.
He says that an estimated 60 million tons of discarded electronics were produced globally in 2010. Of those, he says that about half were recycled.
But that number could increase dramatically if manufacturers start paying people to recycle their products instead of just dumping them in landfills. Read Less…
Start a business exporting goods from Mumbai, India.
Mumbai is the financial hub of India. It has immense trade and commerce opportunities. Maharashtra is the second biggest exporter of software. With good exposure, anyone can start exporting from Maharashtra.
Handyman Business
The handyman services industry is rapidly expanding in the city of Mumbai. A handyman company offers home repair services to homeowners.
These companies offer plumbing, electrical work, carpentry, painting, and much more. They charge per job and provide an estimate before beginning any project.
Hookah Bar Lounge
Hookah bars are perfect for urban and suburban communities. A true entrepreneur can start a hookah bar business with strategic planning and significant financial backing.
Kids Store
As the retail sector continues to grow so too does the need for commercial property. A growing number of people are now shopping online and therefore there is an increasing demand for space to display goods.
Online retailers are also expanding their operations into brick-and-mortar stores. Domestic and international retailers are looking at India as a promising market and are investing heavily here.
There is a huge potential for Indian entrepreneurs to start up kids’ clothing shops.
Security Business
As people become increasingly aware of the need for greater protection against crime and terrorism, they’re looking for ways to protect themselves without having to spend large amounts of money.
Travel Agency
Maharashtra is one of India’s largest tourist destinations. It is also home to some of the best attractions in the world including the Taj Mahal. Aurangabad is one of the top ten cities in India. In 2010, Maharashtra attracted about 4 million foreign visitors who spent about $1 billion.
Tourism is an important industry in the region. To start a successful tour company, you must have the skills and knowledge to attract customers.
You may like to read: The Best Profitable Business Ideas in Poland
