Manipur has the advantage of acting as India’sGateway to the East’ through Moreh and Tamu towns. The economy of Manipur is based on agriculture, forest products, industries, mining, and tourism sectors. You will find the highest number of handicrafts units as well as the highest number of craftspersons comprising skilled and semi-skilled artisans in the entire northeastern region.
Handlooms are the largest cottage industry in Manipur. The various kinds of crops grown in Manipur are rice, maize, pulses, and wheat including a wide range of fruits and vegetables. The state has an immense opportunity in the food processing sector. The Government of Manipur is also promoting the Industrial Policy to meet the requirements of private investors in the State.
Here in this post, we have compiled the most profitable small business ideas in Manipur according to the market potential and raw material availability. It will help you in getting information about suitable business ideas in Manipur.
List of Top 10 Small Business Ideas In Manipur
#1. Crafts Making Business
Manipur is rich in crafts making. Initiating any type of crafts-making business is a wise decision. A person having a hobby of crafts making, creating home decoration items with plaster of Paris would be an excellent crafts-making business idea for him.
Not only can this venture be started and run from a home-based location, but this business is also very inexpensive to initiate. Creative home and office decoration products are always in high demand.
#2. Open a Diagnostic Center in Manipur
A small diagnostic center with some allied services is one of the perfect business ideas in Manipur. An individual having experience in laboratory science can initiate a diagnostic center business with substantial capital investment.
The diagnostic center with pathology is one of the most profitable businesses in the medical and pharma industry. Heightened physician awareness and the increasing patient requirements to avail of high-quality care have increased the demand for a good quality diagnostic center.
#3. Ecotourism Business in Manipur
The scenic beauty of Manipur includes hills, valleys, lakes, and sanctuaries. The tourist season is from October to February when it is often sunny without being hot and humid. Keibul Lamjao National Park is an abode of the rare and endangered species of brow-antlered deer. This ecosystem contains 17 rare species of mammals. It is the only floating national park in the world. Ecotourism is one of the most lucrative business ideas in Manipur.
#4. Fruits Vegetable Export
Manipur’s climate and soil conditions make it ideally suited for horticultural crops. Growing there are rare and exotic medicinal and aromatic plants. Some of the major cash crops include litchi, cashew nuts, walnuts, orange, lemon, pineapple, papaya, passion fruit, peach, pear, and plum. Having a network with local growers, you can start a fruit vegetable export business from home.
#5. Jewelry Making
Another crafts business that has a good earning potential in Manipur is jewelry making. In recent days, you can sell jewelry in online marketplaces also. Increasing awareness of fashion and style has made the jewelry-making business an immensely potential business opportunity for startup entrepreneurs.
A person having a creative mind, knowledge about current fashion trends, and a passion for jewelry can start a jewelry-making business.
#6. Music School
The music school business is perfect for those who are passionate about music and wants to turn their love for music, into a profession. If you are music inclined, have specialization in some specific instrument or vocal performance, and want to teach others, then the possibilities of making it a successful venture are much higher. You can initiate a music school business focusing on the local culture and music of Manipur.
#7. Online Photo Selling
Manipur is one of India’s plush green states with scenic beauty. If you are good at photography, you can start an online photo selling business from home in Manipur. There is always a huge demand for good quality, unique photographs, and many online agencies are ready to pay for them.
#8. Soap Making
Soap-making business enterprise actually evolves from an individual’s craft hobby. The business can easily be set up and run from home and will not require very much startup capital investment to get rolling.
It is a wise idea to be well on the way to establishing a profitable and personally rewarding home-based specialty soap-making business. It all needs a creative mind and a true passion for crafts.
#9. Transportation Business
Imphal Airport is the second largest airport in the NE-Region with postal air cargo services six days a week. Imphal is well connected with daily flights to Guwahati, Kolkata, Bangalore and Delhi, and other destinations in and outside NE Region. There is an immense opportunity of starting a small-scale transportation business in Manipur.
#10. Vermicompost Organic Fertilizer Production
Agriculture plays an important role in the development of Manipur’s economy. The state produces a sizeable quantity of paddy, wheat, maize, pulses, oilseeds such as mustard, groundnut, soybeans, sunflower, ginger, turmeric, and fruits like pineapple, lime/lemon, banana, orange, papaya, plum, and vegetables like cauliflower, cabbage, tomato, peas, carrot, pumpkin.
Vermicompost organic fertilizer production is one of the most legitimate business ideas in Manipur to start with small capital.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.