Top 10 business opportunities in 9 business sectors for year 2015
India definitely is traveling on a progressive and visionary path. Progressive path would mean new job opportunities and attractive self-employment sources. Newness may be triggered by capacity addition by existing businesses, diversification by existing businesses, budding young entrepreneurs or foreign investments flow.
Compared to the last five years I find these days an increased momentum among first generation business aspirants. I am receiving more enquiries and more serious seekers for first time business guidance.
Today’s market is in a position to accommodate any number of new entrants and innovative offerings. We find a positive momentum around us in the market. Mission Make in India and resultant momentum and the stability factor of government at center are the driving factors for this positive trend.
However, growth and progress should not be linked to the growth and expansion of business by existing business owners or foreign investments. Growth in first generation or new generation businesses symbolizes true growth. There is a huge mismatch between the efforts of government and the attitude of lending institutions. Aspirant young entrepreneurs are facing denial of service attitude from banks. Credit raising scheme like CGFT which is supposed to be the harbinger of newer entrepreneurship opportunities is standing as a stumbling block owing to bank’s reluctance to rightly assist the credit aspirants. Government should address this gap on war footing basis. Otherwise we will lose bright ideas and young innovations from newer generation. Make in India is a laudable effort. But we also need to create an avenue for Made in India and Made by Young Indians.
I would become very emotional if I continue on the above deficiencies in the system. I would now focus below sector wise top 10 business opportunities in 9 industry sectors [90 business opportunities] for the year 2015 and further. To understand the statistics of growth in various industry sectors you may visit http://www.ibef.org/.
If you would like to know details concerning any business opportunity you may leave below your comment. I will attempt to provide you all possible information.
This is the fastest growing industry. Several opportunities exist in this sector apart from the regular ones like milk dairy, fruit products, masalas, and more. Some of them:
|1||Ready to eat food|
|2||Filled snacks, Extruded snacks|
|3||Organic food products|
|4||Fusion [herb mixed] food recipes|
|6||Mixed edible oils|
|7||Local delicacies [demographic specific food specialities]|
|8||Any time food mobile outlets|
|9||Mini Readymade Snack makers|
|10||Innovative packaging for food products|
This sector comes with evolving technologies to achieve higher utilization of natural resources at lowest cost. Hence, one needs to keep a constant eye on the newer introductions to reduce investment risks.
|1||Solar power plants|
|2||Solar power rooftop systems|
|3||LED lighting products|
|4||Solar power driven LED lighting products|
|5||LED solutions for industry and commercial segment|
|6||Biomass power [Power generation using agriculture and biodegradable non-plastic waste and some crops like corn, grass]|
|7||LED Lighting fixtures|
|8||Solar & LED Expertise Development institutions|
|9||Solar & LED solution for agriculture sector|
|10||Consulting for Recycling and Waste Management projects|
FMCG is the backbone for consumer goods industry. The produce of various manufacturers finds its customers in FMCG outlets. FMCG is rapidly becoming a market place for branded to private label products. Success of FMCG outlet is mostly dependent on the variety of merchandise backed by promised quality and service. Every existing provision store can evolve itself into a modern FMCG outlet to harness business potential.
|1||Exclusive organic products|
|2||Exclusive private label products|
|3||Exclusive demographic targetted products [gender, age, profession etc.,]|
|4||Micro FMCG outlets with mobile units|
|6||FMCG Brand Management Consulting|
|7||Online FMCG Stores|
|8||FMCG Packaging solutions|
|9||FMCG manpower education and consulting|
|10||FMCG Management [technology] Tools|
Informaton Technology is like salt for food. Every small and big business is dependent on the technology tools in each and every process of business. There are several established tools in the market right from huge ERP applications to tiny SMS pushing interface. However, what is needed now is technology evolving to the pace, scope, and attitude of customers. Given below are some of the opportunities as I understand relevant for the present market.
|1||Analytical Tools targetted at lead generation, customer support, to customer aspiration analysis and more.|
|2||Sector specific online Helpdesk solutions using social media tools|
|3||Rapid Web Application Development Centers with strong mobile app dev and hosting experience.|
|4||Digital Content Developers with definite expertise in design, content writing, market analysis, creativity, versatility to use technology tools and more. The content could be PDF documents, Digital Books, e-Learning content, marketing collateral and artworks for social media platform.|
|5||Social Media Strategists who knows the sensitivities of online privacy besides the functions and features of tools so as to suggest right strategy and guide right campaign for various business needs.|
|6||eCommerce portals. High potential market. Online portals would face early death unless they come with application efficiency, aggressive marketing, evolving upgrades, precision service, promise compliance, care for customer privacy and most importantly highly secured application architecture.|
|7||Internet Security Tools and Internet education|
|8||3D Printing & Prototyping|
|9||Technology skill development institution|
|10||Cyber Crime Detection services – Cyber Forensics|
Fabrication and Processing:
There are numerous opportunities in this segment. However, it helps in the success of business if the promoter comes with subject matter expertise. Innovation today is a small twist to any existing solution. Creativity is the business driver especially in design and fabrication.
|1||Stainless Steel Fabrication. This is rapidly growing alternate for wood products. Household furniture, building profiles, commercial furniture, space management designs and many other areas could be exploited for self employment.|
|2||Space Management Products. For residential, commercial, small office, and small business segments considering ergonomic needs. The products could be created using stainless steel, aluminium, wood, composite material, various polymers and mixed metals. In the growing struggle for space and ascending lifestyle for more comforts it benefits us if we can customize even a 300 sft area with all the two bed room comforts through intelligent furniture design.|
|3||Recycling products: processing used tyres, municipal solid waste, agriculture waste, plastic waste, drinage water recycling, and many more opportunities.|
|4||Innovation center in tool design. A group of experts in various branches of engineering can create an innovative design center with customized design services for individuals to enterprises. The offerings could be product design to machinery maintenance as relevant to their experience and expertise.|
|5||Prefab products for low cost housing|
|6||Metal extrusion products|
|7||Plastic extrusion products|
|8||Prefab products: Bricks, Blocks, Rooftiles, Slabs, Pavers|
|9||Surface finishing and electroplaing services|
|10||Plastic stationery manufacturing|
The opportunities in the segment are unending. Today’s customer doesn’t mind spending a rupee more provided he gets the desired service. Further, service industry is the most investment friendly and could be started even by a one man organization.
|1||Coin Laundry – Staionary and Mobile|
|2||Multi brand car servicing center with mobile service unit|
|3||Home food – Home delivery [quality and service speaks]|
|4||Logistics company [fuelled by online order deliveries]|
|5||Healthcare based service center|
|6||Grooming Services [Stylist, Image Consulting, Portfolio guidance]|
|7||Flatbed printing [Brand, labels, designs etc., on various articles]|
|8||Small Business Facilitation Center|
|9||Steam cleaning machines [Industry, Commercial, Residential]|
|10||Machine based Wall Plastering Services|
Training & Professional education:
The need of the hour is subject matter experts in every sphere of science, technology, business and management. We have universities. We have several engineering and non-engineering colleges. We have many other educational institutions. These institutions would produce lakhs of graduates and post graduates. However, several surveys indicate that our graduates lack required skills to attain a job. Majority of them lack basic communication skills and learning aptitude. The situation demands right faculty and right teaching. Our students, employees and other individuals need periodic learning. This is a great opportunity. A long term opportunity for discerned investors. Some of the opportunities in this segment would include:
|1||Open source – CMS Apps|
|2||Social Media for Corporates & Individuals|
|3||Softskills and Personal Development|
|4||Leadership Development & Creativity|
|5||Communication and Emotional Intelligence|
|6||Data Analytics and Web Analytics|
|7||Google Applications and Small Business Applications|
|8||Cloud Computing and Applications|
|10||Customer Relationship Management & Sales Development|
Hardware & Electronic Sector:
This sector’s growth is fuelled by the growing choice for personal gadgets, smart phones, wearable computing solutions, cloud computing and ambition to tuck the world in purse.
|1||Anti radiation products|
|2||Thermal Management Products for LED solutions|
|3||Inverters & Batteries manufacturing for domestic sector|
|4||Affordable GPS trackers and navigation sysems for individuals and transport fleet. Considering the vulnerabilities in the safety we need affordable GPS trackers for children to elders or should make gps featured wrist watches affordable.|
|5||POS systems with data mining tools|
|6||SMART City & Home automation consulting|
|7||Innovations surrounding wearable computing|
Mixed Business Opportunities:
Here is the list of mixed opportunities one can consider.
|1||Retail outlet in Handicrafts – Bamboo, Cane, Clay|
|2||Retail outlet for Dry Fruits, Spices, Concentrates, Confectionary supplements|
|3||Designer packaging – Sweets, Fruits, Cakes, Chocolates|
|4||Incubation Centre [Ideal for group of individuals]|
|5||Crowd sourcing solutions|
|6||Textile [Manufacture and sale of readymade garments for gents]|
|7||Data Mining – Survey, Analyze, Sort, Sell|
|8||Outlet for All Brands Packaged drinking water|
|9||Youth Empowerment Centre [Social Enterprise]|
|10||Flatbed printing [Brand, labels, designs etc., on various articles]|