Haryana, located in the northern part of India, is one of the three best-performing states in India as per its financial health. It is the leading industrialized state of the country and 3rd among Indian states in software exports. Haryana presents ample potential for entrepreneurs looking to start their own businesses. Here in this article, we list down a list of the best and most profitable small business ideas that can be started with little money
Gurgaon City is emerging as one of the major hubs for the Information Technology and Automobile industry. Faridabad is another big industrial part of Haryana. It is home to hundreds of large-scale companies. At present, Haryana is considered the best place to start a small-scale business in the service industry.
List of 17 Small Business Ideas in Haryana
1. Agro-Based Industries
The fertile soil and favorable climatic conditions of Haryana are ideal for launching agro-based industries. You can focus on sustainable and organic practices and cater to the increasing demand for healthy and locally sourced agro-based products. Some of the agro-based businesses you can consider starting in the state of Haryana are the following:
- Dairy farm
- Poultry farm
- Organic farming
- Food processing unit
2. Start an Online Business
If you live in Haryana in India, and looking forward to starting a business from home with no or nominal investment, consider starting an online business. If interested, check out our selected list of the best online businesses you can run from home.
3. Start a Small Manufacturing Business in Haryana
In the last few years, Haryana has successfully established itself as an industrial hub. The state is offering immense opportunities in the manufacturing and industrial sectors. The state’s strategic location and good connectivity also provide easy access to markets in Delhi-NCR and other neighboring states.
Some of the small manufacturing units that can be profitable in Haryana are the following:
- Automobile parts
- Electronic devices
- Packaging materials
4. Information Technology (IT) and IT-Enabled Services (ITES)
Haryana is an attractive location for IT and ITES businesses. The main reason for that is its proximity to the capital city of India, Delhi. Furthermore, the state government has taken many initiatives to promote digital transformation and helped in creating more business opportunities in this sector.
Some of the popular IT-related businesses, startup entrepreneurs can consider starting are as follows:
- Software development company
- IT consulting firm
- Digital marketing agency
- BPO service center
5. Open a Coffee Shop
Haryana is one of the wealthier states in India and had the second-highest per capita income in the country. Initiating a coffee shop is one of the most profitable business ideas in Haryana. Over the past decade, the coffee shop industry is increasing rapidly. An entrepreneur passionate and talented about coffee can initiate a coffee shop business with substantial capital investment.
6. Consulting Business
Managers and professionals from various different industry look for profitable consulting business opportunities. The consulting trend is continuing to build as companies are staying as lean as possible in tough economic times. Haryana is a perfect place to start a consulting business. You can initiate the business as a home-based also.
7. Mobile Food Truck
The mobile food truck business opportunity is different from a natural restaurant operation. The food truck is an emerging business in India for metropolitan cities. A person having minimum experience in the food service industry can initiate this venture on a small-scale basis. From food trucks, you can sell frozen and packaged items like ice cream, soft drinks, sweets, and snacks.
8. Handyman Business
A metropolitan and industrialized city area is considered as most perfect for the handyman business initiative. The working area of the handyman service business is wide. Generally, this type of work includes maintenance, repair, remodeling, plumbing, refurbishing, and electrical jobs. Apart from the full-time operation, you can initiate this business part-time also.
9. Mobile Paper Shredding
Mobile paper shredding business is providing the service of securely and permanently destroying outdated paper documents on your customer’s doorstep. You can also make money by selling the shredded papers to recyclers to be processed and reused in the manufacturing of paper-based products. This business requires substantial capital investment in machines and vehicles.
10. Pet-Related Business
The pet industry is growing rapidly worldwide. People are buying more pets nowadays and spending a lot of money on them to give the ultimate comfort. In this scenario, starting a pet-related business from home is just a wise decision to get handsome earnings.
11. Security Related Business
Security-related business along with cybersecurity nowadays, on high demand. The cybersecurity space is arguably the hottest and fastest-growing tech sector. Private investigation is a highly respected field that has grown significantly in the last few decades. The investigators contribute specifically to law enforcement, cybercrime, surveillance, and human resource.
12. Transportation Business
Haryana has built a vast integrated road network of 27000 km, including state and national highways to support the state’s manufacturing and industrial sector. Industrial production has almost doubled over the last decade and the industrial production index scores above India’s average. These statistics clearly describe the immense potential of the transportation business in Haryana.
13. Virtual Assistant
Haryana has shown a positive growth pattern since its formation years. However, it has also led to rapid urbanization as per the global trend. The state’s growth and development trajectory has been progressive since its formation as an independent state.
It has set the example for planned economic development and has emerged as one of the leading Indian states in terms of per capita income. Providing virtual assistant service from home is one of the most perfect business ideas in Haryana for women also who intend to earn extra income.
14. Corporate Hospitality Event Planning
Corporate hospitality event planning business describes giving service in the process of entertainment in events held by corporates or businesses for their staff, clients, or stakeholders. This business is comparatively easy to start, profitable, and enjoyable. This is one of the most legitimate business ideas in Haryana.
15. Healthcare Services
There is a growing demand for better healthcare facilities in the state. Hence, starting a healthcare-related venture can be worth considering. Some of the potentially profitable healthcare businesses in Haryana are the following:
- Diagnostic center
- Specialized clinic
- Healthcare consultancy
- Medical tourism facilitation
Education and Skill Enhancement
Haryana places a high value on education and skill development. Hence, there are a lot of scopes for establishing new education businesses in the state. Some of the education businesses that can bring good profit margins in Haryana are the following:
- Coaching institute
- vocational training center
- skill development school
- Agriculture, technology, and entrepreneurship training programs
17. Renewable Energy
Another sunrise sector in Haryana is renewable energy. The state presents a wide range of opportunities for businesses in the solar power sector. You can consider establishing solar power plants, manufacturing solar panels, or providing solar energy solutions and contributing to meeting the increasing demand for clean energy sources.
Frequently Asked Questions:
What are the government incentives and support available for businesses in Haryana?
The government of Haryana offers various incentives, subsidies, and support schemes for businesses. It includes financial assistance, land allocation, tax benefits, and skill development programs. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) provides all the information and assistance for setting up businesses in the state.
What are the best places to start a business in Haryana?
Haryana offers several cities and regions that are conducive to starting and growing a business. Here are some of the best places to consider for starting a business in Haryana:
Is Haryana a business-friendly state?
Yes, Haryana is recognized as a business-friendly state in India. The state provides a conducive environment for investment and entrepreneurship. The state government has implemented several reforms for the promotion of entrepreneurship in the last few years. Additionally, the availability of infrastructure, connectivity, and skilled manpower further supports business growth.
Are there any specific regulations or licenses required to start a business in Haryana?
Yes, starting a business in Haryana requires compliance with relevant regulations and obtaining the necessary licenses and permits. However, the specific requirements depend on the type and nature of the business. It is advisable to consult with legal and business professionals or government agencies for detailed guidance on regulatory compliance.
Are there any sector-specific challenges in starting a business in Haryana?
While Haryana has numerous business prospects, some obstacles may occur, such as competition, infrastructure restrictions, skilled labor shortages, and regulatory compliance. These problems, however, can be solved with appropriate planning, market analysis, and adaptation in order to develop a successful business in the state.
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 businesses.