Tag: manufacturing business

A business is nothing more than just an idea on a piece of paper but only until it is met with flawless execution, sufficient fund, and a marvelous team to make it a reality. If Starting a manufacturing business idea has been on the cards, this is the best time for you to give it a go as the government has introduced many schemes to support manufacturers to strengthen the vision of making India Self reliant.

We are bringing to you some of the very popular manufacturing business ideas that are not going to lose their popularity anytime soon. If this is something that holds your interest, continue reading.

Toil Into Safe And Indigenously Handmade Toys

Recently, the Hon’ble prime minister spoke about the importance of manufacturing indigenously to support the growth of India making it self-reliant. He also insisted on manufacturers making handmade toys that can reflect the Indian culture in so many unique ways. If you have a skilled labor force or you find yourself enough to do the job, you must give it a try to contribute and aid to the cause as well as fulfilling your passion for making toys.

Play Around With Making Wooden Furniture

Custom made wooden furniture is one of the brilliant manufacturing businesses that you can get into if your interest lies in this particular department. From getting a custom made crib to getting a custom made a wooden shrine, we Indians are not shying away from getting things made our way tailored according to our personal preferences. Be it a chair, a coffee table, or a bookshelf,  we want all of it to have some sort of personality for which we depend on custom made wooden furniture manufacturers. If you have the expertise in building furniture and a whole lot of creativity, go for it.

Baked Goods For Life

 We are the generation that is comparatively warier of what goes into the food especially if it’s made outside. It takes us, as consumers, a lot of trust in a business to buy our staple food items from them. One such item is the bread and other baked goods. People want their bread to be made from the healthiest of ingredients that involve a lot of unprocessed things as close as possible to their natural form. If baking is your passion and you can manage to run this business at a decent scale, you should go for the kill and become the favorite of your customers.

Scented Candles And Natural Oils will Never Be Old

Be it a birthday, housewarming party, or just to make yourself happy, scented candles and other such essential natural oils are the best to delight your senses with those beautiful and aromatic fragrances. This is something that has been going on for quite a while now, but it is only in the recent few years that the scented candles and oils have started to pick up the pace. If you have a knack for it or have done a proper course in candle making and oil production, this is the best time for you to try it out.

We are sure the kind of resilience, perseverance, and dedication an entrepreneur possesses, it should not be very hard to crack the code of a successful venture in the manufacturing business. Be sure of the idea that you want to work on, make a business plan, look for a powerful sales and marketing team that will promote your business. It is just a matter of time before your hard work starts to pay off because a country like India has a lot to offer to the manufacturing industry, just be sure to invest your heart and soul into it.

How would you define manufacturing? In popular opinion, manufacturing is the process of combining the efforts of machinery and labour to make wonderful things with the help of raw material to put up for sale and making money out of it. Generally, when the manufacturer is used, it is associated with large scale manufacturing of finished goods. However, India is a developing country and has seen its fair share of struggles with keeping up with the manufacturing business.

Realizing the need to keep up with the pace and establishing India as a global player, the government is on top of its game to encourage businesses to make in India. This piece is written to present to you some advantages and disadvantages of starting a manufacturing business in India so that you can decide if you will be up for the challenge to emerge as a winner.

Let’s Break The Bad News First

The power shortage

One of the biggest drawbacks of running manufacturing is the unavailability of power 24*7. This setback does not allow the operations to run properly during business hours, let alone the smooth operations 24*7. This ultimately affects the efficiency, productivity, and output.

The affected Labour Productivity

The evident lag in supply chain management, transportation, and maintenance takes a toll on the productivity of the labour assigned to operate the machinery or to do the manual tasks.

The Costs of transportation & Logistics

The costs of transportation in India are really high and we all know. It takes very long to transport raw material from one point to another. The condition of logistics makes the situation even worse.

Troubles With IP Rights

One of the biggest issues with having a manufacturing business is the trouble that business goes through while protecting intellectual property.  As if it wasn’t bad enough, the ongoing reforms in India related to IP are only adding to the problem. 

We Saved the Good For The Last

The Government Support

Much needed in these troubled times, the support of the government of India is successfully managing to plant a hope in the heart and a dream in the eyes of the potential manufacturers by giving the message loud and clear in the form of the “Make In India” campaign. This pandemic has forced us all to realise the need to become independent as a nation, regardless of the kind of industry.

Top-Notch Quality Of Production

The recent example of Apple moving its manufacturing unit in India is perfect to back the fact that India ranks pretty high when it comes to the quality of production. Indian manufacturers have always believed in using top quality machines which is not beginning fruitful results.

Cost-effective Labour

Now let’s be specific that hiring labour in India is way more economical than hitting it in any other country. Both India and China have a very large population with a very high number of skilled and unskilled labor, but India has a clear upper hand as the labor cost is way less. The corporate giants have realized this fact and now is the time for the start of the Indian Manufacturing industry to shine.

Pros and cons are two sides of the same coin. If you sign up for something, you can not give yourself a false hope that it will be a bed of roses. Just accept the fact that India is still in a developing phase and will take its own sweet time to get there. If you start now, chances are you will be among the leaders in the coming years. Just promise your hard work and dedication to your business, the rest will fall in [place on its own.

Creating something out of nothing takes almighty power. We are all about this power and this is what we will be talking about in this article. Yes, Manufacturing Business. Please steer clear of the thought that in order to make a difference in the world of the manufacturing business, you need to be a biggie like Jindal Steels. You can be whatever you are comfortable with and contribute to the industry in your own tailor-made ways. 

This motivation behind this article is the various reforms as well as shifts that have taken place in 2020. We will introduce you to some manufacturing business ideas that you think of stepping foot into to satisfy the manufacturer within. Buckle up, the ride is about to begin.

Accessorize, Accessorize, Accessorize

Making fashion jewelry and fashion accessories is slowly emerging into this big industry that is believed to grow tremendously. The reason behind this is that the fashion choices of today’s generation are changing as they want to buy something that doesn’t cost them a fortune as well as is much easier to wear on a daily basis. Some smart entrepreneurial minds out there encashed the opportunity and have met with success. You too can be the next big thing in this industry if only you have the eye for detail and creativity.

Let’s Talk Environment Friendly

It’s high time we as humankind started thinking about the environmental changes that have already started to raise their head. Thankfully, today’s buyer is much more conscious about what they purchase and what they use to carry these environment-friendly products into. Yes, we are talking about environmentally friendly carry bags or high-end fashion bags. If you have the skills to provide quality with finesse, this is the business that you can tap on as the demand is continuously increasing!

Organic Personal Care Products

We all have to learn from the success of Mamaearth that a good quality product that is made naturally and marketed effectively can change the entire game of your business. If you are into health and wellness, you can dabble into manufacturing personal care products that are all organic and natural. Considering there are a lot of brands out there that call them “Completely natural”, the truth can not be far from it. Jump onto the opportunity and give the consumer what they really want and see your business thrive.

Let the Craftsman Take Charge Now

Now that the nation is all Vocal For Local, It is the best time for you to start that local handicraft business that you have always been so passionate about. The cherry on the cake is that the government and a few giants are also actively participating in the campaign by introducing and supporting local businesses that represent Indian craftsmanship. 

We understand that it is easier said than done. Setting a manufacturing business in India isn’t as easy as one would want it to be. However, we Indians have remarkable resilience, vision, and determination to cross any hurdle. Just try to focus on coming up with a viable idea and a perfect execution strategy to back it up.