TOP 5 BUSINESS IDEAS FOR 2021
Owning a company gives you the flexibility and opportunity to be your manager in creating an empire from scratch. In India, the start-up surge that began in 2014 has been ebbing its way back to the start-up ecosystem. The Government has underscored the strength of industry and allowed individuals to start their own business by luring the Startups India Scheme & Stand-Up India Scheme.
Here is the list of top 5 business ideas that is sure to bring-in profits to you!
Related project: - Profitable Manufacturing Business Ideas to Start.
1. Bright Steel from Black Bars
Black steel is manufactured by a milling process involving the rolling of steel at a high temperature (usually at a temperature above 1700°F) above the re-crystal temperature of the steel. It fetches high demand both in India and in global market as well, due to its diverse use.
Globally, all sorts of Bright Bars, such as free-cutting, mild steel, stainless steel and alloy steel, are used in a wide variety of industries such as-
· Building components for the car industry
· Heavy Engineering Business
· Industries engaged in the manufacturing of weapons and ammunition for defence
· Telecoms Industry
· Industry of electrical equipment
· Manufacture of textile machines
Related books: - Most Profitable Small Scale Industry And Successful Business Plan For Startups
2. Silicone Release Paper
Silicone Release Paper has a great influence in many small ways in our daily lives. From the bandage paper that we peel away after a nasty paper-cut to the back of the postage stamp that we put, the silicone release paper holds a wide range of adhesives new and tacky. Although regular paper bonds to adhesives, release paper is ideally designed to be easy to take free without the possibility of coming off on its own.
The global silicone release paper market is expected to grow at a lucrative CAGR during the forecast period due to growing demand from application segments such as tapes, labels and other sealant product industries. Planned growth in the end-use sectors: manufacturing, food & beverage, automobile & electronics over the projected timeframe is expected to boost the silicone release paper market worldwide.
3. Plastic Corrugated Sheet & Boxes
Corrugated plastic Sheets are extruded twin-walled profiles with two flat top and bottom layers bound by longitudinal ribs. It is made of high-impact polypropylene resin.
Plastic corrugated boxes are a flexible option and a cost-effective substitute for carton, fibreboard, moulded plastic and other substrates.
Global demand for corrugated boxes is expected to rise by 4.2% per year to 234 billion square meters in 2017, marginally outpacing actual (inflation-adjusted) GDP gains. Factors that contribute to increasing demand for boxes include growth in industrial activities, especially in the manufacturing sector, which also needs corrugated packaging to secure and transport products.
4. Steel Wire Rope
The steel wire rope consists of individual steel wires spun into a strand. The number and size of wires will decide the best possible balance between large wires for optimum corrosion safety and abrasion resistance and smaller wires for the durability and handling necessary.
India's steel wire industry is projected to have a positive CAGR of about 5.3 percent by 2023. The need for advanced wire ropes for specialty applications and improved sales networks and marketing methods used by organized players is projected to have a positive effect on the overall revenue of the steel wire rope industry.
5. Zircon
Zircon is ubiquitous in Earth's crust. It occurs in igneous rocks as a natural accessory mineral. The zirconium market is expected to experience a healthy growth over the projected period, with an average CAGR of more than 5% in terms of value.
The key factors driving the growth of the market analysed are the consistent growth of foundries and refractories, the growth of nuclear power stations in Asia-Pacific and the accelerated use of surface coatings.
Related videos: - Business Ideas for Startups
How can you take government help to start business or your start-up?
India has lately been deemed the only genuinely developing economy in the world at the moment. Part of this development is driven by the country's micro, small and medium-sized enterprises. The SME sector contributes more than 40% of the overall GDP and remains a vital source of jobs for India's increasing population.
Recognizing the value of SME development in the post-demonetization period, the government introduced a host of new business lending schemes and boosted other existing ones. Here are the top five corporate lending schemes from the Government of India that you can use to fund small business.
· MSME Business Loans in 59 Minutes
· MUDRA Loans
· Credit Guarantee Fund Scheme for Micro and Small Enterprises
· National Small Industries Corporation Subsidy
· Credit Link Capital Subsidy Scheme for Technology Upgradation
PM_Art2021
For More details:- Highly Profitable Small & Medium Industries
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