Are you looking for small business ideas in Jharkhand? In this article, we intend to compile the most profitable best small business opportunities in manufacturing and service-based both for new entrepreneurs in the state of Jharkhand. These businesses can be started on a small-scale basis with small startup capital.
Jharkhand Govt. offers a wide range of fiscal and policy incentives to industries, under the Industrial Policy, 2012. The state also has policies for IT and special economic zones (SEZs) offering sector-specific incentives, as well as the Jharkhand Energy Policy 2012. The state stands 3rd among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Top 10 Small Business Ideas & Opportunities in Jharkhand
#1. Alteration Service
Alteration service business opportunity demands to have sewing skills and a creative craft mind. With a low start-up capital investment, any individual can initiate an alteration service business exactly from his/her home location.
This business can be operated part-time also. You will be making handsome money by helping others to get perfect outfits. If you are looking to start a business under Rs. 50,000, sewing and alteration business can be a perfect fit. Read More…
#2. Denim Production
Jeans manufacturing or denim production business opportunity demands adequate knowledge about textile designing and current trends. With proper planning and substantial capital investment jeans, manufacturing projects can be initiated on a small-scale basis.
Jeans are nowadays very popular apparel as a casual or informal dress for men, women, and kids also. The popularity and demand both are increasing day-by-day. Read More…
#3. Start a Small Manufacturing Business in Jharkhand
Jharkhand is rich in mineral resources. A small-scale manufacturing business utilizing the mineral reserves is potentially a profitable business here. If you can arrange some financial resources, consider starting a small-scale manufacturing unit. Read More…
#4. Fish Farming
Jharkhand state fishery department promotes fish farming. The department is also started promoting hatchery operators and developing small tanks as a rearing enterprise with individual farmers. You can start a small-scale fish farming business from your backyard in Jharkhand.
Fish farming business opportunity demands special knowledge, skills, and day-to-day careful monitoring. Commercial fish farming has proven to be an economically successful business venture around the globe. Read More…
#5. Fruits Vegetable Export
The production of fruits, vegetables, and horticulture crops is huge in Jharkhand. Apple, Litchi, Mango are the few examples, the state exports every year. Fruits vegetable export is one of the most profitable business ideas in Jharkhand. Fruits vegetable export business demands adequate knowledge of foreign markets.
If you are living in an area where fruits and vegetable production is good enough, you can consider initiating a fruit vegetable export business starting just from your local growers. Read More…
#6. Luxury Bus Rental
Jharkhand is one of the most industrialized states in the country. There are many Indian and global companies located in Jharkhand. It is also known as “The Land of Forests”. People visit Jharkhand for business and holiday purposes. A luxury bus rental service is one of the most profitable business ideas in Jharkhand.
Luxury bus rental business opportunity demands initial aggressive advertising and marketing drive. An entrepreneur having experience in the travel business and passionate about traveling can start this venture. Read More…
#7. Matchstick Manufacturing
Matchstick manufacturing business can be initiated on a small scale by maintaining safety measures strictly. Matchsticks are consumer durable products and the demand is growing day-by-day. An entrepreneur having knowledge in channel distribution can start a matchstick manufacturing business with moderate capital investment.
You need to find a suitable location. Matchstick manufacturing is all about dealing with hazardous and explosive items. It is recommended to set the unit in an industrial zone.
#8. Micronutrient Manufacturing
Due to the state’s large mineral reserves, mining and mineral extraction are the major industries in the state. A micronutrient manufacturing unit is one of the most legitimate business ideas in Jharkhand. The micronutrient manufacturing business involves an elaborate process of inventory management, production, packaging, and marketing.
Entrepreneurs having little knowledge about the chemical industry can initiate this business with substantial capital investment. Read More…
#9. Tour Guide
The state is considered a popular tourist place. Cities like Jamshedpur, Ranchi, Deoghar, Dhanbad have numerous eye-catching tourist destinations. Jharkhand is popular for waterfalls destinations too.
You can start a tour guide business from home with zero investment. Tour guide business opportunity demands adequate knowledge of historical information and local culture about the location where you are starting the business. Tour guide business is all about sharing information about the places to a group of people in an entertaining way. Read More…
#10. Transport Business
Transport business opportunities are emerging globally nowadays. Transportation is one of the world’s largest industries. Different types of specific demand with the changing lifestyle habit have introduced several innovative and profitable startup opportunities in the transport industry. As Jharkhand is an industrialized state, any type of transportation service is one of the best business ideas in Jharkhand. Read More…
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.