Situated on India’s gateway to the east, Manipur has a bustling economy based around agriculture, forestry, manufacturing, mining and tourism. Here, you’ll find more craftspeople than any other part of the North East. Skilled and semi-skilled artisans are plentiful in this region.
Manipur is home to the greatest cottage industry, handlooms. Various harvests, for example, rice, maize, pulses, and wheat as well as diverse fruits and vegetables are grown in Manipur.
The food processing industry offers a great opportunity to the state. Moreover, the Government of Manipur is advancing their Industrial Policy to meet the needs of private investors in the area.
In this article, we’ve put together a list of the most lucrative small businesses in Manipur based on market potential and raw material access. This will help you find the ideal business venture in Manipur.
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List of Top 10 Small Business Ideas In Manipur
#1. Crafts Making Business
Starting a crafts-making business is an excellent choice in Manipur due to the abundance of craft resources. Anyone with a knack for making home decor items using plaster of Paris could make a profitable enterprise out of this hobby.
Discover How to Begin a Bamboo Crafts Making Business from Home.
Starting a business from home creating decorative products has a low cost of entry and is highly sought after.
#2. Open a Diagnostic Center in Manipur
If you have experience in lab science, starting a diagnostic center with some additional services in Manipur is an excellent business opportunity. This venture requires considerable financial investment.
The medical and pharma industry has found diagnostic centers with pathology to be a very profitable business due to the heightened awareness amongst physicians and patients seeking high-quality care.
#3. Ecotourism Business in Manipur
Manipur offers exquisite beauty in its hills, valleys, lakes, and wildlife sanctuaries. Tourists visit from October to February when the weather is nice instead of hot and humid.
The Keibul Lamjao National Park provides a home to the rare brow-antlered deer species, as well as 17 other rare mammals. It is considered the lone floating national park globally. Moreover, ecotourism is a thriving business opportunity in Manipur.
#4. Fruits Vegetable Export
With ideal climate and soil conditions, Manipur is an excellent region to grow horticultural crops, including rare and aromatic medicinal plants.
Some of the most common cash crops coming out of this area include litchi, cashew nuts, walnuts, oranges, lemons, pineapples, papayas, passion fruits, peaches, pears and plums. With a built-in network of local growers already in place, you can launch a productive fruit and vegetable export business from home.
#5. Jewelry Making
Jewelry making is a lucrative business in Manipur, with more and more people becoming interested in fashion trends. Not only can you sell jewelry online, but this potentially profitable enterprise makes an ideal opportunity for startup entrepreneurs.
With a creative mindset, knowledge of the latest trends, and a love for jewelry, one can launch their own jewelry business.
#6. Music School
If you have a talent for music and like to teach, opening a music school business is the perfect way to turn your passion into a profession. With speciality in certain instruments or vocal performance, you could make it successful by focusing on Manipur’s local culture and music.
#7. Online Photo Selling
Manipur is a gorgeous state in India. If you’re knowledgeable in photography, you can start a business of selling photos online from the comfort of your home.
There is a high demand for distinctive and good-quality pics, with many online organizations willing to pay for them.
#8. Soap Making
One can start a soap-making business from their home without much of an initial cost, as it often derives from someone’s handmade hobby.
With creativity and passion, you can have a successful home-based soap-making business.
#9. Transportation Business
Located in Manipur, Imphal Airport is the second largest airport in the northeast and offers postal air cargo services six days a week.
It provides daily flights to Guwahati, Kolkata, Bangalore, Delhi and more both within and outside of NE Region. There’s great opportunity for new transportation businesses in Manipur.
#10. Vermicompost Organic Fertilizer Production
Agricultural production is crucial to the economic development of Manipur. Crops grown in this state include paddy, wheat, maize, pulses, oilseeds like mustard and groundnut, soybeans,
Setting up a vermicompost fertilizer business is one of the best investments to make in Manipur with a small budget.
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