Renewable Energy
India is a developing nation that still relies heavily on traditional energy sources like fossil fuels, coal, nuclear energy, power plants, etc. These are hazardous to the environment.
With the government stressing environmental safety, establishing a business in the renewable energy industry is a great opportunity to pounce upon.
Read Also: 15 Zero Investment Business Ideas In India 2023
E-Commerce Niche Store
E-commerce is growing fast, thanks to cheap labour, inexpensive materials, and the ability to ship across borders at a fraction of the cost. This business opportunity in India particularly relates to selling niche items from India.
By setting up an e-commerce business in India, you can deliver niche products to your target customers. You can start the company at a low cost by partnering with industry experts.
Healthcare Services
Owing to changing lifestyles, Indian citizens have gained more exposure to diseases, obesity, and other healthcare-related issues. Consequently, experts suggest that the Indian healthcare industry is sure to grow immensely in the future.
If you can enter this industry in any niche, you can definitely enjoy great returns in the future.
Education Technology (EdTech)
Teaching has long been one of the gigs or part-time jobs for students, homemakers, and even full-time teachers. Today, you can start teaching your best subjects from home, thanks to widespread accessibility to the internet.
You can start your EdTech business and charge your students on a monthly or hourly basis for online classes.
Agriculture-related Business
Agriculture is a primary industry in India. Therefore, setting up an agriculture-related business is one of India's new business opportunities. Even Indian agro-products are popular across the world. So, agricultural companies require experts who run businesses in the industry.
If you want to start a business in the agricultural industry, take the required licenses and find government schemes to support your endeavour.
Mobile App Development
The popularity of mobile apps is increasing day by day. So, mobile app development would be the world best business opportunity in India.
The major benefits are high earning potential, low investment cost, and high demand for what you make. Pitch companies and provide what they want.
Read Also: Top 10 Profitable Food Business Ideas in India 2023
Food and Beverage
Food and beverage is a booming business idea that runs successfully. Initially, you can start with a low investment cost and expand later.
You can cater to limited customers first and hire more workforce to grow over the area. If you choose a product with good demand, you can quickly build your business into a bigger one. However, get the required licensing before starting.
Franchise Opportunities
Sometimes, an established brand can help you start and grow your business. Find a franchise opportunity in your locality and use their brand name to attract customers. Moreover, you will also get financial and industrial support from experts.
Leveraging a franchise opportunity is sure to turn into a success. India has lots of brands offering franchises to aspiring entrepreneurs.
Tourism and Hospitality
India is a major tourist attraction for people across the world. Its marvellous architecture, landscapes, forts, and monuments attract thousands of tourists each year.
If you are considering starting a business, tourism and hospitality offer some of India's potential business opportunities. The major benefits are low start-up costs and fast growth opportunities.
Renovation and Home Improvement
A business related to home improvement and renovation is one of the business opportunities in India. As more Indian families look for fancy interiors, modern kitchens, and decorating their homes in different colour schemes, the demand for this business will surely grow in the coming years.
This start-up business idea will definitely run well due to the increasing need for modern architecture, beautiful antiques, and energy-efficient homes.
Manufacturing Business
The manufacturing business is gaining high popularity in India. If you manufacture a product with good demand in the industry, it will turn into a profitable business soon.
Begin by taking small orders initially and grow over time. Setup expenses include sourcing raw materials from affordable suppliers, setting up a manufacturing unit, purchasing the necessary equipment and machinery, hiring skilled labour, and delivering after completing the project.
Financial Technology (Fintech)
The fintech industry is snowballing in India. You can own a financial business to initiate, buy a franchise, or become a financial institution's direct sales associate (DSA).
Certified financial experts are necessary to start and run the business. Before that, advertise and promote your company to attract customers.
Read Also: Top 10 Profitable Wholesale Business Ideas for 2022
Wellness and Fitness
Over the last few years, especially after realising the importance of immunity during the COVID-19 pandemic, people have become increasingly concerned about their fitness and wellness. With more people wishing to be physically fit, the number of fitness centres and gymnasiums has increased rapidly in India. People no longer shy away from joining a fitness centre for health improvement.
Start a wellness-related business by arranging all the required equipment and renting a spacious room. Wellness and fitness centres are a major attraction among Indians of all ages. So, it can be the business opportunity in India with assured returns.
Waste Management and Recycling
As more and more Indians grow environment-conscious, the waste management and recycling business is emerging as one of India’s business opportunities.
Building a business in this industry has a high potential for success. As long as you have the required permits and deliver quality products and services, ensure your business success without compromise.
Smart Cities and Infrastructure
India has been facing a growing and significant demand for smart cities and infrastructure. The lack of smart infrastructure makes this business the opportunity to establish a start-up in India.
The business demands moderate capital requirements for start-up and has the potential to generate considerable amounts of money.
How Can a Business Loan Help You Expand a Business in India?
A Business Loan from Hero FinCorp can help you expand a business in India in the following ways:
- Ample loan amount of up to Rs 40 lakh
- Easy online application
- Quick access to the required funding
- Easy repayment terms of up to 60 months
- Flexible EMIs suitable to your budget
- No collateral requirement
- No usage restrictions
How to Apply Business Loan Online?
Follow these steps to apply for a Business Loan online:
- Visit the online Business Loan application page on the Hero FinCorp website
- Fill out an online application form and submit the required documents
- Enter your amount of loan needed and select an appropriate tenure
- If you qualify, you will get a reference number for future use
- A representative will get in touch for more information if needed
- Get a loan offer, accept it, and get disbursal directly into your bank account
Read Also: Home-based Business Ideas for Women Entrepreneurs
Conclusion
These are some marvelous new business opportunities for entrepreneurship opportunities in india. If you have started any of these businesses and need the funds to expand them, get the required funding from a Hero FinCorp Business Loan and take it to newer heights of success.
Frequently Asked Questions
1. What business is in high demand in India?
Technology-related businesses are in high demand in India. Healthcare, fitness, and wellness services are also gaining popularity.
2. What are future business opportunities in India?
Fintech, Edutech, smart cities, waste management, recycling, renewable energy, etc., offer the best future business opportunities in India.
3. What are the major business opportunities in India?
Renewable energy, healthcare, manufacturing, and fintech are the best potential business opportunities in India.
4. How can I determine the right amount to borrow for my business in India?
Evaluate the required expenses, calculate their costs and make a plan to decide the right Business Loan amount to borrow.
5. What types of businesses are eligible for a Business Loan in India?
Self-employed professionals like architects, doctors, CAs, and CSs, self-employed non-professionals like traders, retailers, sole proprietors, manufacturers, and service providers, and entities like LLPs, PLCs, trusts, and partnership firms are eligible to apply for a Business Loan in India.
Disclaimer: The content provided in this document is for informational purposes only. It offers insights into the process of starting a business, potential benefits, and various aspects related to this field. The information is based on general knowledge and industry research. The costs provided are only an approximation, and the actual expenses may vary depending on the specific industry of your business.
