If you’re looking for profitable business ideas in Uttarakhand, look no further. We’ve put together a list of 10 great investment opportunities specific to the raw material and market conditions of Uttarakhand.
Tourism is the primary source of income for Uttarakhand, while agriculture is also an important contributor. Popular crops in Uttarakhand include Basmati rice, wheat, soybeans, groundnuts, coarse cereals, pulses, apples, oranges, pears, peaches, litchis, and oilseeds.
Uttarakhand offers growth potential in areas like IT, ITES, biotechnology, pharmaceuticals, and automobile industries.
In the service sector, Uttarakhand is known for its tourism, information technology, higher education, and banking. The real estate market is also booming in the state.
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10 Small Business Ideas in Uttarakhand
Here are the top businesses to begin in Uttarakhand with little capital investment:
#1. Start an Adventure Tourism in Uttarakhand
Uttarakhand’s hills and rivers attract tourists who love sports like mountaineering, rock climbing, skiing, ice skating, sailing, parasailing, kayaking, canoeing, yachting, trekking, and hiking.
An ideal location for adventure sports such as paragliding, skydiving, rafting, and bungee jumping, making it the perfect spot to launch an adventure tourism business.
#2. Computer Training Institute
Uttarakhand has a thriving education system, with plentiful schools, universities, and other institutions. Plus, anyone can start up a computer training center there.
Starting a computer training institute is a lucrative profession for tech-savvy professionals. Pairing the institution with other beneficial services can be beneficial as well as rewarding.
#3. Fish Farming
Fishing is an important portion of Uttarakhand’s economy, besides agriculture, manufacturing, and tourism. Some common species that are bred include Mulley, Monstrous Goonch, Tangra, Butchwa, Indian Trout, and others.
To succeed in fish farming, you need both technical know-how and diligent oversight. As evidenced around the world, commercial fish farming is an extremely profitable venture.
#4. Grow Cash Crop Plants in Uttarakhand
To be successful in commercial farming, identifying and growing profitable cash crops is essential. Cash crops are plants grown and managed primarily for sale, rather than subsistence. Previously they made up only a small portion of a farm’s total yield.
Primarily for monetary gain and export, most crops are cultivated in advanced nations today.
#5. Horticulture
Horticulturists grow fruits, flowers, and plants in greenhouses and nurseries. Choosing the right crops and methods is key for this industry. Uttarakhand, with its ideal climate, is an ideal destination for horticulture crop farming.
#6. Photography
Uttarakhand, in the Himalayas, is a top tourist spot known for icy winters, lush monsoon rainfalls, and mild summers. If you have a bit of saving, consider starting a photography business from home here.
#7. Real Estate
Uttarakhand’s real estate industry, covering residential, commercial, and retail sectors, is flourishing and presents a great opportunity for budding entrepreneurs.
#8. Start a Restaurant in Uttarakhand
Uttarakhand is home to some of India’s most popular hill stations, such as Mussoorie, Nainital, Dhanaulti, Lansdowne, Pauri, Sattal, Almora, Kausani, Bhimtal, and Ranikhet.
With 13.8 percent of the total area occupied by twelve National Parks and Wildlife Sanctuaries, Uttarakhand is a great place to set up shop and open a restaurant with specialty food for both locals and tourists.
#9. Start a Tourism Business in Uttarakhand
In the Himalayas, Uttarakhand has a lot of tourist spots. Tourists are captivated by its antique temples, forest reserves, national parks, hill stations, and mountain peaks.
This state encompasses 44 monuments that are safeguarded nationally. Through tourism, this state has evolved into one of the most lucrative business ideas.
#10. Transportation Business
Uttarakhand has 28,508 kilometers of roads, 1328 of which are national highways and 1543 are state highways.
Areas located in hills are connected to important crossroads and bus routes by an extensive network of busy share jeeps.
The air transportation system throughout the state is slowly improving; Jolly Grant Airport in Dehradun is the busiest airport in the area. Being a transport provider is one of the most lucrative business ideas in Uttarakhand.
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