Top 15 Manufacturing Business Ideas in India 2024

The manufacturing sector in a country like India has always been a booming sector. It is becasue, this sector has created a very strong base over the years in our country. Over the years, this sector in our country has and is witnessing immense growth.

Interestingly, the government has also come up with various schemes such as Make in India, Digital India, and Startup India. These are some schemes which are helping the manufacturing industry to grow rapidly.

Today, a hugely-populated country like India is considered to be a prime country when it comes to manufacturing business. According to a report, the manufacturing industry in our country contributes 17% of the GDP and employs over 27.3 million workers. Here in this article, we will talk about the top 15 manufacturing businesses in India.

Soap and Detergent Manufacturing 

With no doubt we can say that the soap and detergent manufacturing business in India is one of the most profitable manufacturing businesses. This industry is a lucrative industry which caters to personal hygiene and household cleaning needs. 

After the COVID-19 pandemic, the demand for both soaps and detergents has significantly increased in our country. People of different income groups have become more and more hygienic by washing their clothes regularly.

With a growing demand for quality cleaning products, this is a sector which is and will offer opportunities for new players with innovative products and services. 

Here is the complete guide to start a Dishwash Manufacturing Business in india.

Artificial Jewellery Manufacturing 

One of the most popular manufacturing businesses in our country is artificial jewellery manufacturing. It is a cost-effective alternative to the costlier traditional jewellery. Not everyone in our country can afford to buy the highly expensive traditional jewellery so, the next best option that they get is to go for artificial jewellery.

India is a land of festivals and occasions and women love wearing jewellery during these events. So, there are a majority of people who cannot afford to buy traditional jewellery so they buy artificial jewellery.

If you are willing to start an artificial jewellery business in India then make sure to plan everything very well. Conduct your market research thoroughly along with your competitors in your area. This will give you a clear idea of what you should do and what you should neglect.

Incense Stick and Agarbatti Making 

Not many of you will know but, India is the world’s leading producer and exporter of incense sticks or agarbattis. Yes, we are a country where incense sticks are used daily and in every household. So, if you are planning to get down to this business you will already be part of a highly successful manufacturing industry. 

The Indian incense stick market is driven by increasing consumer preference. Make sure to manufacture products which suit your consumers the best and that will make you and your brand different from others in the market.

This is because there are so many key players in the market who have introduced innovative fruity and floral fragrances to cater to diverse consumer tastes.

Kitchen utensils manufacturing 

India has become a hub for kitchen utensils manufacturing. Numerous players in our country specialize in the production of a wide range of kitchenware products. But, as it is a huge market and there are lots of opportunities you can also enter and serve diverse consumers and earn profit out of it.

One can easily start a small-scale kitchen utensils manufacturing unit and serve the local area. The demand for kitchen utensils is and always will be high in the future.

Make sure to get all the necessary materials and labour for your work and then start your work right away. In general, the process of manufacturing kitchen utensils typically involves several steps like designing, prototyping, casting, finishing, colouring, and packaging.

Handicrafts

The Indian handicrafts market was valued at a whopping US$3,968.0 million back in 2022. Many experts have revealed that this manufacturing industry is expected to grow US$5,583.9 million by the year 2028. Yes, these figures are quite more than many manufacturing businesses which have been in our country for several decades.

India has always been a country which was known for its unique crafts or handicrafts products. Some of the famous handicrafts that our country manufactures are textiles, pottery, metalwork, and many more.

This is a sector which supports millions of artisans who are willing to do something and earn their living. Additionally, it is also one of those manufacturing industries which contribute handsomely to the country’s economy.

Candle-making

Crores of candles are used by our country every year for different occasions. It has become an integral part of any function or occasion in our country. The candle-making manufacturing business in India includes the production of candles using various raw materials such as paraffin wax, beeswax, soy wax, and other different types of waxes.

Now, if you have a small budget and are willing to get down in this business you can easily start it from your room. One does not require a special room or type of machinery to manufacture candles. Make sure you have proper knowledge regarding this business and then you will easily flourish in no time.

Paper plates and cups

People in our country have become more and more nature-friendly. Their taste and preferences are changing to eco-friendly products and one of them is paper plates and cups. Not only paper plates and cups but, other kitchen utensils as well such as glass, spoons, cutleries, and many more.

Now, with a significant increase in demand for this product, our country has seen good growth in this industry. But, it is an industry which faces lots of challenges related to quality control and standardization.

If you are willing to get down in this business then ensure all the materials that you get are of the best quality. Working on your basics will automatically flourish your business.

Hair Oil Manufacturing 

Hair oil manufacturing industry in India is expected to increase rapidly in the coming few years. It is one of the most highly demanded products in our country. This business can started on a small-scale or large scale, and both will give you enormous profit.

But, one must also know that this manufacturing business requires lots of research from the market and competitors. If you are willing to stand out from your competitors then you have to be highly creative and innovative with your products and services.

Mineral Water Manufacturing 

The water demand will always keep rising, especially in the 21st century where we are witnessing lots of water shortages. People in the future will be ready for any price to pay for the water. Providing clean and hygienic drinking water is going to be one of the most booming yet underrated manufacturing businesses in India.

Use of packaged drinking water these days is being extensively used in not just homes but, in offices, schools, marriages, functions, restaurants, hotels, corporates, and many more. The growth of the packaged water manufacturing business has been significant over the years in our country.

Several entrepreneurs took upon this great opportunity to create a number of manufacturing plants and set up their foothold in the business. 

Smartphone accessories 

Each and every individual irrespective of their age owns at least a smartphone in today’s time. So, it is obvious that the demand for smartphone accessories will always be at an all-time high in our country. People are continuously purchasing the latest launched smartphone from different brands or companies.

Now, this has created a huge demand and opportunity in our market. So, starting up a smartphone accessories manufacturing business could predominantly bring rapid revenue and profit to your established business.

Additionally, along with smartphone accessories other services can be provided to earn extra amounts such as bill payments, mobile recharges, DTH recharge, mobile repair and many more.

Handmade spices 

The spices market in India is a whopping US$0.67 billion as of 2024. India is a country which has always been a spice-manufacturing country and the demand for spice not only in our country but, in other countries is rising.

The popularity of Indian spices has reached almost every part of the world so, once a manufacturing business is strongly set up one can export their business internationally.

The top 10 spices that are exported from India are red chilli, cumin, coriander, turmeric, cardamom, fennel, fenugreek, mustard, ginger, and black pepper. If you get down to any of these businesses there will be no one stopping you from earning a good profit margin.

Toy making business

One of the biggest manufacturing businesses in India is the toy-making business. Starting a toy manufacturing plant or business in India can be a lucrative venture. You are required to provide quality toys to both domestic and international markets to earn more profit.

One thing that will make your business stand out from other competitors is manufacturing eco-friendly toy products. Most of the toy products are made out of plastic which not only damages human health but, it heavily damages Mother Earth. So, make toy products which are human-safe and eco-friendly as well.

Paper manufacturing business 

Paper manufacturing business in India is one of the most profitable manufacturing businesses. As we know, paper is required for almost everything starting from writing our exam to menus on restaurants. The paper manufacturing industry in our country benefits from the abundant availability of raw materials such as bamboo, eucalyptus, and other agricultural residues.

We must also know that the demand for paper is increasing every year. Starting a paper manufacturing business would surely be a highly profitable business if you are planning to go for a long-term business.

Bakery

Not many will know but, as of 2023, the bakery industry in India was valued at a whopping INR 30,000 crores. Yes, the annual growth rate of this business or industry was calculated to be 12%. These are some figures which prove that this manufacturing business is one of the most rapidly growing businesses in our country.

Our country is not only a huge consumer of bakery products but, an exporter as well. Yes, India exports 67572.99 MT of dairy products to other major countries across the world. This figure is also increasing every year. 

Environment-friendly bags

As we are turning more and more into environment-friendly products, the plastic bags that we use are being omitted and are being replaced by environment-friendly bags. These environment-friendly bags are being made out of paper which are again being reused for good purposes.

The demand for paper bags or environment-friendly bags will always be high in the future. It will not only help you earn good profit but, it will secure a good future for your business.