MSMEs play a vital role in the Indian economy. In general, these enterprises create employment, introduce innovative products, and contribute the lion’s share to the country’s economy. It’s no surprise to say that micro to medium enterprises are the backbone of our nation.
Learn more about – What Are MSMEs? Its Definition, Benefits, Registration Process And Classifications Explained
This is why the government is massively encouraging micro to medium businesses to enter local and global markets. By the way, have you decided to start any micro to medium businesses? Are you confused about whether it’s a profitable business or not? Don’t worry if you aren’t sure about the business’s financial viability, technical feasibility, location, or other details. In this article, you’ll discover various MSME project profiles.
Learn more about – Which Business Comes Under MSME? Explore the Complete List of MSME Businesses
MSME project profiles give an overview of the business. It provides a piece of valuable and quick information about marketing trends, project size, costs, labour, location, and a lot more. Are you curious about various MSME projects in India?
So, without any further delay, let’s discuss distinct MSME project profiles. Dive in.
List of MSME Projects in India
Here is the detailed list of MSME project profiles of various businesses that you should know.
- Flour Mill
- Toilet Soap Manufacturing Unit
- Tomato Sauce Manufacturing Unit
- Roasted Rice Flakes
- Banana Fiber Extraction and Weaving
- Computer Assembling
- Rice And Curry Powder
- Light Engineering including nuts, bolts, washers, rivets, and a lot more
- Metal-related Industries supplying agricultural-related equipment, cutleries, and hand tools
- Paper Products Manufacturing Unit
- Bakery Products
- Steel Furniture
- Desiccated Coconut Powder
- Foot Wear
- Wooden Furniture Manufacturing Unit
- Paper Napkins Manufacturing Unit
- Papad Manufacturing Unit
- Readymade Garments
- Palm Plate Manufacturing Unit
- Pickle Unit
- Notebook Manufacturing Unit
- Dairy Products
- Detergent Powder and Cakes
- Sanitary Napkin Manufacturing Unit
- General Engineering Workshop
- Beauty Parlor
- Rubberized Coir Mattresses
Brief About a Few Distinct MSME Project Profiles in India
In this section, let’s discuss the MSME project profiles and their business’s marketing potential, location, implementation schedule, etc. Keep reading.
1. Flour Mill
Flour Mill falls under the food category. The resources to set up this manufacturing unit are easily accessible throughout the country. This manufacturing process involves various methods, including washing, grading, drying, flouring, and packing.
- Market Potential: High
- Location: Near residencies
- Commercial Production Implementation Schedule: 6 months after completing all the initial proceedings.
2. Toilet Soap Manufacturing Unit
Soap and its related products have become part of our daily life. Since they have been used for several years, it’s considered more than a body cleaning agent. This manufacturing unit ensures a high employment rate and offers handsome profits. The primary reason for the success of this business is that each household, irrespective of its financial status, uses soaps. Hence, it’s one of the most profitable businesses to consider.
- Market Potential: High
- Implementation Schedule: The production usually begins within seven months.
3. Tomato Sauce Manufacturing Unit
You’ll hardly find a few restaurants without using tomato sauce. Since the rise of Chinese or street foods has tremendously increased, there has been a massive demand for tomato sauce. They are highly combined with puffs, rolls, pizzas, burgers, etc. The company should take great care from the initial production stages to supplying the final product.
- Market Potential: High
- Implementation Schedule: It takes about a year to start the commercial production.
4. Roasted Rice Flakes
Rice flakes are one of the most popular breakfast choices in India. These are widely used in cooking delicious foods, from sweets to hot spicy recipes. Doctors also recommend them since they are also very high in carbs, fibre, and other essential vitamins and minerals.
- Market Potential: Newbie and has a great scope
- Requirement of Manpower: 224,000
5. Banana Fiber Extraction
Due to the increased popularity of eco-friendly products, there has been a massive demand for banana fibre. This is one of the primary reasons for the success of banana fibre extraction businesses in India. These fibres are highly used in various accessories such as clothes, rugs, shoes, hats, bags, photo frames, etc.
- Market Potential: Great Potential
- Raw Material Budget: 1.60 Lakhs
Location: Kottayam, Kozhikode, and Palakkad
6. Computer Assembling
Nowadays, computers are everywhere. From children below ten years to adults over 40s and 50s are sticking to the computer devices each day. So, a computer assembling business can provide you with huge profit. In general, this business helps to fix all parts of the computer to ensure good working conditions.
- Raw Materials: ATX Cabinet, Key Board, Monitor, Motherboard, etc.
- Market Potential: High
- Net Profit(Approx): 3,00,4441
7. Rice And Curry Powder
It’s no surprise to say that India is rich in spices and flavoured curry powders. In Particular, spices play a crucial role in enhancing the flavour of processed foods. Curry powder is the major ingredient used in the various dishes that support delicious flavour. Due to its increasing demand in global and local markets, these businesses garner huge profits.
- Market Potential: High
- Location: Thrissur Corporation Area(Easy to grab required resources for manufacturing)
8. Light Engineering
Light Engineering usually deals with the basic yet most significant production tools such as screws, bolts, nuts, rivets, car clips, handles, and a lot more. Since all industries and businesses use light engineering products, they have great demand and growth. These products have ultimate demand in local markets for businesses like bicycles, automobiles, aircraft, construction, and electrical-related companies.
- Market Potential: High
- Common Customers: Large Manufacturing Units
- Location: Any Rented Building
- ROI: 31%
9. Metal-Based Industries
Like the above industries, metal-based industries also have great demand in almost all sectors, including agriculture, manufacturing, construction, etc. These industries support the production of various agricultural tools, heavy machinery for factories, and manufacturing hand tools.
- Market Potential: High
- Raw Materials: Carbon Steel, MS items, Handles, and Welding Rod
- Manufacturing Process: Cutting, Bending, Drilling, Welding, etc.
- ROI: 41.55%
10. Paper Cups Or Its Related Products Manufacturing
Paper cups are being used in India in all businesses, from small tea stalls on the street corner to 5-star hotels. Since these are economical and nature-friendly, everyone is opting for paper products. Experts say that this market has a great demand and sustainable growth.
- Market Potential: High
- Stages of Manufacturing Process: 3
11. Desiccated Coconut Powder
Did you know India is one of the topmost countries in coconut production? Since desiccated coconut powder is used for various purposes, it has greater demand. This business produces huge employment opportunities in the country for multiple stages of the manufacturing process.
- Market Potential: High
- Location: Kerala, Tamilnadu, Karnataka, Orissa, Maharashtra, and Andhra Pradesh
- Implementation Schedule: The products gain huge profits by the end of the year.
12. Foot Wear
Footwear is one of the most significant fashion wear that enhances your confidence and protects your body, preventing the entry of germs. The footwear business uses high-technology equipment that manufactures 2000 pieces of footwear within a couple of days.
- Market Potential: High
- Location: North Kerala(For Greater Demand)
- Marketing Area: Kerala, Tamil Nadu, and Karnataka
- Expected Net Profit: 9.72 lakhs
13. Wooden Furniture Manufacturing Unit
Wooden furniture is widely used in Kerala, and using this furniture is often recognized as Kerala’s tradition. These businesses manufacture wooden products such as Chairs, Coat, Windows, Doors, Tables, etc., using distinct wood styles such as Teak, Anjili, Rosewood, and many more.
- Market Potential: Less competitive and great demand
14. Bakery Products
Bakery is one of the most loved places for all. The bakery industry offers you everything from baked items to hot chips to aerated soft drinks. Since there is a massive advancement in food technology, the bakery provides different products with unique tastes. This industry is in high demand due to changes in the eating habits and lifestyle of people. Whether it is an urban or rural bakery, it ensures the best profits. A few factors that increased the demand for bakery products are increased cooking time, increased working women, urbanization, and a lot more.
- Location: Thrissur District
- Raw Materials: Flour, Maida, Ghee, Sugar, Banking Powder, Salt, Vegetable Oil, etc.
- Cost of the Project: 5,36,000
- Net Profit: 4,69,220
15. Steel Furniture
Steel furniture and household equipment are used widely due to their durability and cost-efficiency. Steel products are the best alternatives to wooden products. Moreover, the massive rise of micro-enterprises and startups led to the increased demand for steel products. The steel products are also used in large manufacturing units, jewellery, household activities, office automation, electronics, etc.
- Raw Materials: Round Pipes, Stainless Steel Sheets, Cutting Fluid, Screws, Cutting Blades, Welding Electrodes, etc.
- Market Demand: High
- Total Project Cost: 4,60,300
- Net Profit: 2,03,792
16. Paper Napkins
Paper napkins are nothing but tissues that you daily use for cleaning your face and hands. Especially, tissues are widely used in the beauty industry, catering industries, and other related businesses. Nowadays, they are also being used in homes, institutes, etc. A few major features of the tissue paper are its hygienic and quick absorbent. In addition, the sport of the COVID pandemic created a sense of health consciousness and maintaining a hygiene environment. This also increased the usage of napkins.
- Market Demand: High
- Working Days: 300 per year
- Location: Rental Buildings
- Rent: 4000 INR
- Profitability (Annual Gross Profit): 4,95,778
17. Papad Manufacturing
Papad or Papadum is a popular Indian wafer that’s usually served beside meals. It’s also often referred to as “Thin Flat Bread.” The papads are made of dried lentils, cereal flour, pulse flour, soya flour, spices, vegetable oils, juices, preservatives, additives, etc. Although these aren’t the exact composition for all papers available in the market, most businesses use 70-80% of the ingredients mentioned above.
The papads can be cooked either by deep-frying, roasting, toasting, or baking. These are also available in distinct textures, styles, and colours. Lijjat is one of the most popular papads producing brands that offer distinct papads in various styles. Usually, the production rate depends on the assumptions and calculations of several customers, availability of the resources, etc.
- Equipment: Sealing Machine, Chair, Racks, etc.
- Market Demand: High
- Project Profile: Financially manageable and technically viable
- Project Cost: 10,23,000 INR
- Average ROI: 56%
18. Readymade Garments
The readymade garment industry is one of the profitable businesses that receive huge customers. Since fabric is a basic necessity for human beings, it has huge demand. Moreover, the high demand for seasonal travel and tourism increased the necessity of seasonal clothing. Make sure you choose the best location while setting up the garment industry. It’s always advised to choose the area with adequate power and communication facilities.
- Raw Materials: Distinct high-quality fabrics
- Location: Rented Building
- Rents: 2000 INR
- Requirements: Communication, Transportation, and Electricity facilities
- Annual net profit: 2,95,792 INR
19. Pickle Unit
Most people in India love Pickles. Pickles such as Mango, Lime, Fish, or Chicken pickles are especially popular in meals besides rice and dal. The pickles industry is expected to grow in the next few years due to a busy lifestyle. From students to adults, everyone loves pickles due to their unique flavour.
- Location: Kutiyattur in Kannur District
- Raw Materials: Mango, Lime, Ginger, Garlic, Oil, Preservatives, Pickle Powder, and other essential ingredients.
- Other Requirements: Power, Water, and Transportation
20. Palm Plate Manufacturing
Palm plate manufacturing unit is considered as a micro business and often regarded as the sole proprietorship. Since the awareness about natural and biodegradable products has been growing, there will be a huge demand for palm plate manufacturing. Moreover, palm plates are the best alternatives for plastic plates, cups, or products. The infrastructure requirements of the business are power, water, transport, labour, and other essential factors.
- Raw Materials: Palm Leaves
- Monthly Profits: 17376.75 INR
- Annual Profits: 208521.00
21. Diary Products
Agriculture And animal husbandry are evergreen sectors of India. From baking to sweet recipes, everywhere we use dairy products. So, if you’re willing to start a dairy business, get started as soon as possible. It’s no surprise to say that even after a few decades, there will be a huge demand for dairy or agricultural products.
In addition, milk is one of the crucial parts of food. Did you know seven crore farmers produce almost 50% of the milk in India? Hence, dairy products such as milk, curd, butter, paneer, ghee, and more are considered essential food products. Moreover, dairy products are also used as alternatives for oil, aerated soft drinks, etc. So, the dairy industry will have a pretty good demand in the future. In a nutshell, this is one of the technically feasible and economically viable projects.
- Market: High Demand
- Total Cost of Production: 74.438 Lakhs
- Total Turnover (Flavoured Milk, Curd, ButterMilk, Ghee): 82.80 Lakhs
22. Notebook Production
Stationery items are in high demand. Whether you’ve got an iPad, Pdfs, writing apps, or digital notes, notebooks always have a special place in the market. From micro-businesses to students, everyone requires notebooks. Usually, the rates of the notebook(8″*10″), record book(8.5″*11″), and notepads(4″*5″) in the market are 22.4 INR, 32 INR, and 3 INR, respectively.
- Raw Material: White sheets of papers, outer coverings, stitching threads, gum, cloth, etc.
- Required equipment: Stools, Table, Fittings, Decoration items, etc.
- Project Investment: 1688500 INR
- Net Profit: 721000 INR
23. Detergent Powder and Cakes
From businessmen to financially backward people, everyone uses detergent or washing powders. It’s highly used in cleaning laundries and is often referred to as “Detergents.” In general, washing powders are formulated with a blend of synthetic compounds such as alkyl benzene sulfonates. These substances clean stains, marks, or dirt on the clothes effortlessly. The detergent market is one of the highly competitive consumer industries. Hence, it has a huge scope, and with perfect planning, the businesses can play around in the markets. In a nutshell, this project has robust technical feasibility and the best financial patterns.
- Raw Materials: Coconut Oil, Mutton Tallow, R.B. oil, Caustic Soda, Sodium Silicate, Carton, Talcum Powder, Acid Slurry, Perfumes, etc.
- Machinery Costs: 4,21,980 INR
- Total Capital: 10,37,080 INR
- Gross Profit: 5,73,265 INR
24. Sanitary Napkin Production
A Sanitary napkin(aka Pad) is related to women’s accessories that are used during their menstrual cycle. These napkins absorb blood flow and ensure comfort. In general, the cost of pads manufacturing machines ranges between 75 lakhs to 2 crores. However, novice machines cost around 60,000 INR in the market.
Since these are sensitive products, they require high care from manufacturing to packaging. The sanitary napkin manufacturing units ensure massive employment to rural women, tribal females, and many others. Since women highly use these products, this business is sustainable and profitable in the long run.
- Raw Materials: Wood Pulp, Top Layer, Back Layer, Release Paper, Gum, and Packing Covers.
- Cost Of Raw Material: 35,970 INR
- Net Profit: 15%
- ROI: 77%
25. General Engineering Workshop
Now, let’s understand the MSME project profile of the General Engineering Workshop. This business is feasible and easy to get started with. Experts suggest that this workshop is technically and economically viable. The services offered are G.I. pipe works, S.S. pipe works, fabrication activities, and other related works.
- Raw Materials: Cutter, Welding rod box, G.I. pipes, S.S. pipes, Steel angels and flats.
- Location: Yousaf Guda
- Building Monthly Rent: 4000 INR
- Annual Turnover: 3168200.00
- ROI rate: 112.10
26. Mattresses (Rubber)
Rubberized coir mattresses are one of the high demand products in India. Usually, the raw materials are abundant in Kerala. So, setting up a manufacturing unit in Kerala is an added advantage. The production process includes grinding, crushing, filtration, boiling, and a lot more.
- Location: Kerala
- Raw Materials: Coir fibres, anti-oxidants, zinc oxide, caustic potash, and other necessary materials.
- Sales Turnover & Production Cost: 70,00,000 INR and 6,60,00,000 INR
- Annual Profits: 4,00,000 INR
- Roi: 25%
27. Beauty Parlor
Who wouldn’t love to enjoy an attractive and charming facial glow? Beauty parlours are one of the top-notch businesses in India. It’s the only business that welcomes everyone irrespective of age and gender. The equipment or machinery tools used in the beauty parlour are shampoo wash unit, dressing table, electrolysis, foot spa, fridge, mirror, hair cutting machine, facial bed, hair drier, head steamer, etc. body massager, and a lot more.
- Cash Surplus: 89,600 INR
- Total production cost: 6,83,600 INR
Key Takeaways
Project profiles of the company give you a rough idea about the manufacturing unit, financial trends, growth, scope of the project, and other essential details. As discussed earlier, the above MSMEs are in great demand and produce effective results within a year or six months. Whenever you’re setting up a manufacturing unit, it’s also important to choose the right location. So, make sure you read the above article to check the various MSME project profiles.
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