Are you searching for the most profitable small-scale business ideas in Himachal Pradesh? Do you want to start a business in Himachal Pradesh with little money? Here we have listed the most profitable small-scale business ideas for your ready reference.
Himachal is one of those states in India which was rapidly transformed from the most backward part of the country to one of the most advanced states. At present Himachal ranks fourth in respect of per capita income among the states of the Indian Union.
As the dust-free climate of Himachal is extremely suitable for the setting up of electronic industries, many electronic complexes have been established at Solan, Mandi, Hamirpur, Shogi, Raga-Ka-Bagh, Chamba, Ambi, Taliwala, and Keylong. The state has also attracted investments in sectors including pharmaceuticals, IT, and engineering industries.
List of 10 Business Ideas in Himachal Pradesh
#1. Boutique Hotel
Tourism is one of the main sources of income and employment generation in the state and contributes 9.75% of the total State Gross Domestic Product. Adventure tourism, religious tourism, heritage tourism, and eco-tourism are some of the areas which have got special attention in tourism development.
Starting a quality boutique hotel is a very lucrative investment opportunity. Even the state government is promoting the tourism industry. If you set up a hotel in tribal areas, you can get an exemption from paying the luxury tax for a period of 10 years.
#2. Computer Related Business
Every small and big business knows the computer is an essential item in the business. It has improved the operational aspects of the business. There are several ways of initiating computer-based businesses as home-based also. These are profitable and demand less capital investment. As the industry sectors are booming in the state you can start a computer-related business here.
#3. E-waste Recycling
E-waste recycling is a global environmental issue in recent phenomena. In India, electronic product waste dangerously increases the volume of obsolete computers, printers, fax machines, TVs, mobiles, and other electronic devices. Of the nearly 8 million PCs in India, 2 million are only for software up-gradation is accounted as e-waste.
The Agro-climatic conditions prevailing in the State of Himachal Pradesh offer excellent opportunities for the development of floriculture both to serve the internal off-season market and also exports.
A large variety of floriculture products, viz., cut flowers, bulbs, seeds, live plants, etc. can be produced. The natural agro-climatic conditions offer an ideal production environment for flowers and the planting material i.e., expensive heating and cooling systems in the greenhouses are not required. Some of the most profitable varieties are gladiolus, marigold, carnation, rose, gerberas, etc.
#5. Fruits Farming
Fruit cultivation is another field that has proved to be an economic boon to farmers. There are vast tracts of land in Himachal suitable only for growing fruits. Fruit cultivation does not add to the problem of soil erosion and its employment potential is much more than that of conventional farming. The yield per acre in terms of money is also much higher. Apples yield the maximum income. Fruit growing in Himachal is presently fetching over Rs.300 crore annually.
#6. Interior Designing
Interior designing is a perfect career option for individuals who are passionate about design, art, and home decoration. Any individual of any age can start this business from home. A degree in interior design is always a plus to starting and running a successful interior design business. An internship with or working for established leaders of the industry can be a great way to get your foot in the door and get yourself some visibility.
#7. Mushroom Farming
A mushroom farming business can be a means of big profit in just a few weeks with considerably low start-up capital investment to start a business. A person who has a little bit of idea in the science & technology of mushroom growing and has their own building for having the farm – mushroom farming business will be the perfect option for him to start. The cultivation of mushrooms is an art and requires both study and experience.
#8. Organic Food Store
In starting an organic food store business most important consideration is the store location. As with any other retail business, the right location is the main parameter to get success in the business. With the increasing awareness of healthy living, people are more interested in taking organic food though they are more expensive than non-organic food. The retail organic food market is an emerging trend and it is growing by 20% every year.
Himachal Pradesh has abundant natural beauty in the form of snow-clad peaks, low-rolling hills, valleys, rivers, and lakes. Thus, the state is one of the most popular tourist destinations in India. You can start a photography business here. A photographer is a professional that focuses on the art of taking photographs with a camera. A photographer generally works in a freelance capacity and is hired for specific jobs by different clients. These photography business ideas are ideal for home-based and part-time operations.
#10. Real Estate
Himachal Pradesh is one of the lucrative destinations that is gaining prominence and emerging as a sought-after location for investment because of its proximity to the national capital and to Chandigarh. There is an increased interest among high-net-worth individuals and professionals with high incomes for property in the state. Starting a real estate business in Himachal Pradesh is a good investment opportunity for entrepreneurs.
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.