Indian electrical equipment industry
Battery Manufacturing
This is one of the best-suited business ideas for entrepreneurs on a tight budget. You might already know that batteries are very important in almost every device such as radios, torches, mobiles, laptops, remote controls, toys, and more.
There is a huge market for this type of industry, and the best part is that the demand for batteries never goes down. So, if you plan well, you can make excellent profits here.
Capacitor Manufacturing
Manufacturing capacitors are one of the most profitable business ideas that you implement when you want to set up your business. This is because the demand for capacitors (the component where any electronic or electrical equipment’s energy is stored) is always on the rise.
You need to decide what kind of capacitor you intend to manufacture and choose your machine & material accordingly, with your budget constraints in mind.
Low-End IC Manufacturing
Making integrated circuits or semiconductors is a great idea because these =are used in quite a few applications today, including computers. With new technologies such as intelligent computing on the rise in India, there will be a huge market for ICs in the future.
You can prepare a detailed proposal and get help from banks and other government agencies to fund you for investing in raw materials.
LED Light Manufacturing
Since more and more people are becoming aware of energy-efficient bulbs today, LED lights are quite famous in India. When you can manufacture high-quality LED lights at affordable rates, your products will stand out from the competition.
Ensure that you get the proper license and work on the capital required before you proceed to start our business. Also, you can start with small-scale residential lighting first before upgrading your business to manufacturing commercial lighting.
Optical Fiber Manufacturing
Optical fibers are the essential items to transmit light between the two ends of the fiber and find wide usage in fiber-optic communications, where they permit transmission over longer distances and at higher bandwidths (data rates) than wire cables.
One can produce glass optical fibers from silica. However, you can use other materials, such as fluoro-zirconate, fluoro-aluminate, and chalcogenide glasses as well as crystalline materials like sapphire, for longer-wavelength infrared or other specialized applications.
Computer Assembling
The United States computer and office equipment industry constitutes more than 10,000 companies with collective annual revenue of US $180 billion. So undoubtedly, it is a very lucrative sector for entrepreneurs.
Cooling Solution
The market for industrial coolers in India is estimated at around Rs 3,000 crore annually and is estimated to grow at 25-30% every year. Installing industrial cooling for commercial establishments, airports, retail chains, banquet halls, proves its worth. Industrial cooling is slowly gaining increasing importance as corporates are looking to create a congenial working environment for their shop floor teams.
Air Compressor Production
Basically, the air compressor is an industrial item. Additionally, the air compressor has an intensive application in the automobile service industry. The air compressor production process is not complex. And you can start a small company with moderate capital investment.
CCTV Camera
CCTV stands for closed-circuit television. CCTV’s are frequently utilized for surveillance in locations that may require regular monitoring such as casinos, banks, military installations, airports, shopping malls, convenience stores, etc.
Smartphone Production
According to market statistics, worldwide smartphone shipments are growing at 3.4%. Actually, Apple, Samsung, Huawei, OPPO, Vivo, Xiaomi, Lenovo, LG Electronics, Sony, and ZTE as the key vendors in the global smartphone market. And most of today’s popular brands started operation with a very small investment. So, if you have that confidence in yourself, you can definitely consider starting a smartphone production company.
Solar System Provider
The solar system is a popular alternative energy solution. Due to the very less recurring cost, the trend of using solar power is growing rapidly. The primary responsibility includes providing design, supplying materials, and installing them within your client’s budget.
E-waste recycling
If you have the space for it, why not start an e-waste recycling business? Old, obsolete electronics take up space in landfills. If you can create a business model that supports the recycling and refurbishing of obsolete tech, then you could have a lucrative enterprise on your hands.
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