Are you searching for small business ideas in Punjab? Here in this post, we have compiled the most profitable small business ideas in Punjab with small capital investment. Punjab’s fertile and productive soil has accorded it the status of ‘Granary of India’ and the ‘Breadbasket of India’.
Occupying only 1.5 percent of India’s geographical area, the state of Punjab is producing a huge quantity of rice and wheat. This makes it suitable for agro-based industries, dairy farming and products, and other food processing industries.
Punjab has been ranked first in India in terms of the infrastructure facilities offered. Punjab’s road, rail, and air transport network, connectivity, construction of bridges, and infrastructure facilities are rated among the best.
Furthermore, Punjab has the easiest procedures to set up a business, according to a study by the World Bank and KPMG. Punjab had set up a Bureau of Investment Promotion (BIP) in December 2013 for a one-stop clearance of investment proposals.
List of 10 Small Business Ideas in Punjab
#1. Aroma Therapy
Medicinal herbs and aromatic crop farming are the new trends in Punjab. Starting an aromatherapy business in Punjab is a wise decision. Aromatherapy is a therapeutic treatment with essential oils. It can be used by anybody for the physical, physiological, mental, and spiritual well-being daily or as and when required basis.
#2. Open a Bakery Business in Punjab
Punjab has a strong agriculture base with a huge production of principal crops. You can initiate a bakery business in two ways. You can either establish a bakery with a retail location or sell freshly baked items from your store. Or you can establish a large-scale bakery business providing bakery items to retailers. The bakery is one of the most proven and profitable business ideas in Punjab. Proper planning is required.
#3. Certified Seed Production
The seed is the most vital and critical input in agriculture on which the efficacy of other agricultural inputs depends on. Seed acts as a catalyst in agricultural production. The seed sector has made impressive progress over the last three decades. There has been a steady increase in the breeder seed and quality seed produced over the years.
Seed certification is a quality assurance system whereby seed intended for marketing is subject to Official control and inspection. Paddy, flowers, and vegetable seed production are the most profitable venture.
#4. Garment Manufacturing
Punjab has emerged as a key hub for textile-based industries including yarn, readymade garments, and hosiery. With the development of apparel parks, favorable textile policy, and other incentives for the creation of textile infrastructure, the state offers opportunities for investment. In this scenario, garment manufacturing is one of the most profitable business ideas in Punjab.
#5. Greeting Card Making
This is a lucrative home-based business for any individual including housewives and students. A greeting card is an illustrated piece of card or high-quality paper featuring an expression of friendship or other sentiments. Greetings cards are a billion-dollar industry now. People need it for plenty of reasons like birthdays, anniversaries, and as well as for business reasons.
#6. Grow Cash Crop plants in Punjab
Punjab is well known for its agricultural activities and plantations. Agricultural activities have occupied a high percentage of land in Punjab because of its land which is perfect for cropping.
Identifying and selecting the profitable cash crop plants to grow is the most crucial factor in a successful commercial cash crop farming business. The price of cash crops is dictated by many factors such as the number of competitors, demand and supply, development of new products, etc.
#7. Livestock Feed Production
Livestock farming in Punjab plays an important role in the state’s economy. Cattle, goats, and birds are the most popular. The primary source of milk and other dairy products in the state is the buffalo.
Additionally, the state ranks at the top in the country in the availability of milk after Haryana and Gujarat. Livestock feed production is one of the most profitable business ideas in Punjab.
#8. Micronutrient Manufacturing
Punjab (the five rivers region) is one of the most fertile regions on earth. The region is ideal for growing the wheat crop. Rice, sugar cane, fruits, and vegetables are also grown. Micronutrients are essential items for any type of crop farming. You can start a micronutrient production business with substantial capital investment.
#9. Organic Farming Greenhouse
Organic farming is a new trend in Punjab. State Govt. is also promoting organic farming. The state Govt. declares an organic farming board will be set up in his State to aid and promote chemical-free agricultural practices in the State. You can start an organic farming greenhouse business with proper planning and moderate capital investment. The land is the main criterion for starting this business.
#10. Toothpaste Production
A prominent feature of the industrial scenario of Punjab is its small-sized industrial units. You can start toothpaste production with allied products like tooth powder and toothpaste in gel form. Toothpaste is a household consumable item and generally comes as either white abrasive paste or clear gel. A small-scale toothpaste production company is one of the most profitable business ideas in Punjab.
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.