Are you looking for small business ideas in Madhya Pradesh? Here in this article, we have compiled the top 10 small business opportunities in Madhya Pradesh with small capital investment.
After Gujarat, Madhya Pradesh is now the second preferred state for the corporate world to get their industries set up. The state has an agrarian economy. The major crops of Madhya Pradesh are wheat, soybean, gram, sugarcane, rice, maize, cotton, rapeseed, mustard, and Arhar.
The state has the largest reserves of diamonds and copper in India. Other major mineral reserves include coal, coalbed methane, manganese, and dolomite. The state’s tourism industry is growing.
Read: Top Online Jobs from Home without Investment
Some of the most prominent industries in the state are Readymade garments units, Poultry/hatchery, Electrical goods industry, Sawmills, Woodcutting industry, Industries relating to limestone products, Building materials, Glassware, Telephone Parts, Furniture making industry, Steel structures works, Cement industries, Tobacco business, Retail business, Food processing industry.
List of 10 Small Business Ideas in Madhya Pradesh
#1. Computer Training Institute
The education industry in Madhya Pradesh is very well organized and is systematically divided into distinct levels for different age groups. The schools and colleges of Madhya Pradesh have gained popularity worldwide.
The literacy rate of the state is growing. The computer training institute is one of the ideal small business ideas in Madhya Pradesh for aspiring computer-savvy professionals. Read More…
#2. Customized Glass Etching
The glass industry in Madhya Pradesh is very prominent. Any individual can initiate a customized glass etching business from his or her home location. Glass etching is an artistic and profit-making business. Customized glass etching business includes products like gifts, awards, and decor items for both corporate and domestic business clients. The main raw material glass is available in the state. Read More…
#3. E-waste Recycling
E-waste recycling is a global environmental issue in recent phenomena. In India, electronic product waste dangerously increasing. Increasing the population, growing industry and growing usage of electronics products is the major reason for increasing the potential of the e-waste recycling business. By starting an e-waste recycling business, one can make money out of helping the environment toxic free. Read More…
#4. Jeans Manufacturing
At present, there are 51 Textile units in Madhya Pradesh in the large sector. The textile export from M.P. is around Rs.1200 Crore. M.P. has the potential of attracting a total investment of Rs.10000 crores ($2.2 Billion approx) in the textile sector in the next 5 years, with integrated business models consisting of Composite Mills & Garment units.
The state govt. is also promoting different schemes and benefits for textile and garment manufacturing units. The small-scale jeans manufacturing unit is one of the most legitimate small business ideas in Madhya Pradesh. Read More…
#5. Livestock Feed Production
Madhya Pradesh is rich in livestock production. Dairy, poultry, hatchery, and goat farming are the most popular in the state. The state govt. is also introducing different schemes to increase productivity in the livestock sector and at the same time ensure self-reliance, use of improved technology to reduce costs and increase incomes of livestock rearers, and timely delivery of services to livestock rearers.
So, the state has a huge demand for good quality livestock feed. You can start a livestock feed production business with a small capital investment. Read More…
#6. Nail Polish Making
Madhya Pradesh is rich in minerals. Initiating a chemical industry is one of the most profitable small business ideas in Madhya Pradesh. Nail polish makes is a million-dollar industry in the cosmetic product.
The demand for nail polish is growing rapidly not only in urban areas but also in suburban and rural areas. Any individual having knowledge about the trend in the beauty and fashion industry can initiate this venture with moderate capital investment. Read More…
#7. Outdoor Advertising Consulting
The large industry sector is growing heavily in the state. It has created an enormous potential for starting an outdoor advertising consulting business. You can start this business from home. As your business grows, you can also expand. The outdoor consulting business is all about advising your clients about advertising the products and services publicized outdoors. Read More…
#8. Papad Making
Gram, rice, maize, mustard, and Arhar are some of the major crops of Madhya Pradesh. You can start a papad-making business with Allied snack products. Papad-making business is very profitable in the food industry considering the investment of small startup capital. The variety of pulses and spices varies from region to region, whereas certain varieties are popular on a large scale. Read More…
#9. Tour Guide
The state’s tourism industry is growing, fuelled by wildlife tourism and a number of places of historical and religious significance. Sanchi and Khajuraho are frequented by external tourists. Besides the major cities, Bhedaghat, Bhimbetka, Bhojpur, Maheshwar, Mandu, Orchha, Pachmarhi, Kanha, and Ujjain are the other popular tourist destinations.
Tour guide business opportunity demands adequate knowledge of historical information and local culture about the location. If you have that knowledge start a tour guide business with a legitimate license. Read More…
#10. Woodworking
Woodworking is a traditional industry in the state. State’s wood crafts are also very popular. Figures carved out of wood from very small like miniaturized animals and human figures to large objects of furniture find representation in the traditional woodcraft of Madhya Pradesh and its tribal areas.
Locally available Shisham, Teak, Dhudhi, sal, Kidar, and bamboo are carved into various shapes providing utilitarian and decorative creations. Woodworking is one of the ideal small business ideas in Madhya Pradesh for passionate individuals. Read More…
We hope this list of business ideas in Madhya Pradesh will help you in finding the right venture and make money.
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.