Large scale industries are the major contributors to the Indian economy. Additionally, these industries come with huge infrastructure cost and manpower employment. According to the investment size, when an industry comes with more than 10 Crore of investment in plant and machinery, is called large scale industry.
Apart from small and medium scale sectors, the large scale sector is also very lucrative in our country. Though these industries demand substantial investment, open numerous other opportunities for the owners also.
The object of crafting this article is to provide a list of 10 most profitable and best large scale industries in India. According to the present market situation, you consider starting one of them.
7 Advantages Of Large Scale Industries
- First of all, large scale industries boost the industrialization of the country.
- These industries produce both capital and basic goods like machines, instruments, steel, iron and chemicals.
- Only these industries can generate the money for research and development of new technology. However, this investment is critical for industrialization.
- With large scale production, these industries have the potential of lowering the cost of goods.
- Additionally, these industries open up opportunities for small and cottage industries and this leads to the industrialization of the country.
- Also, these industries help in establishing Ancillary Industries in a big way.
- Finally, these industries create a huge employment opportunity also.
List Of 10 Most Profitable Large Scale Industries
Agrochemical industry in India is very promising. And it is an evergreen industry also. There is a wide range of products that come under this segment. Nowadays, our country imports a high volume of agrochemicals from other countries to meet the increasing demand. Generally, fertilizers, hormones, soil nutrients, pesticides, insecticides and other chemical growth agents come under this segment.
#2. Cement Plant
Cement production in India is growing very fast. Additionally, India is the second largest producer of cement in the world. India’s cement demand is expected to reach 550-600 Million Tonnes Per Annum (MTPA) by 2025. The housing sector is the biggest demand driver of cement. It accounts for about 67% of the total consumption in India. The other major consumers of cement include infrastructure at 13%, commercial construction at 11% and industrial construction at 9%.
#3. Food Park
Food processing industry is very lucrative in India. And starting a mega food park is the very much profitable proposition for the entrepreneurs. Additionally, Ministry of Food Processing Industry provides financial assistance for the mega food park projects. Basically, the scheme aims to facilitate the establishment of a strong food processing industry backed by an efficient supply chain. It includes Collection Centres, Primary Processing Centers(PPC), Central Processing Center (CPC) and Cold Chain infrastructure.
#4. Paper Mill
Paper milling is a traditional industry in India. Even in this digital era, the demand for paper is increasing in our country. And with strategic planning and substantial capital investment, any individual can start this business. However, selecting the right location is crucial in this business. You must ensure the regular supply of the raw materials at your factory.
#5. Rice Mill
Rice is the most important staple food crop in India. It provides food for 65% of the population in India. If you are living in a rice producing area, you can consider starting this business. The improved rice mills have a better husk and rice bran aspiration system. The same prevents mixing of finely broken with rice bran. Therefore, the quality of rice bran obtained is better. Rice mill plant is the techno-commercially profitable business. Read More…
#6. Tea Business
Indian tea is famous globally. Having a tea garden with a processing unit is a very lucrative business. In addition, the business offers very lucrative profit revenue also. The three prominent tea-growing regions in India are Darjeeling, Assam, and Nilgiri.
People like tea because it acts as an energy booster and is simply indispensable. Basically, India is the largest grower and producer of tea in the world. Additionally, the business has tremendous export potential also. Even the export sector of India has experienced an increase in the export of this commodity. Read More…
#7. Textile Mill
Indian textile industry is a traditional sector. The industry consists spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale. Additionally, the Government has come up with a number of export promotion policies for the textiles sector.
It has also allowed 100% FDI in the Indian textiles sector under the automatic route. Additionally, the Revised Restructured Technology Up gradation Fund Scheme (RRTUFS) covers manufacturing of major machinery for technical textiles.
#8. TMT Rod Manufacturing
TMT stands for the thermo-mechanical treatment of bars. Additionally, TMT rod or TMT bar manufacturing is a medium or large scale operation. It is a highly profitable business depending on the manufacturing technology you are using.
In addition, there is the New Industrial policy from the Government of India. It has opened up the iron and steel sector for private investment by removing it from the list of industries reserved for public sector. Read More…
#9. Toughened Glass Manufacturing
Basically, toughened glass comes with controlled thermal or chemical treatments to increase its strength compared with normal glass. And the demand for this type of glass is increasing very fast. The domestic and commercial construction sectors are the major consumers of this product. In addition, the automobile industry, railways, ships building companies procure this item in major volumes.
#10. Wine Production
Nearly 80% of the demand for wine centers in the major cities of the country like New Delhi, Mumbai, Chennai, Kolkata, Pune, and Bangalore. Additionally, the demand is increasing very fast. According to the CO2 contains, you can classify the wines as still or sparkle.
Additionally, both table and sparkling wines tend to have alcohol contents between 7% to 14%. However, you must provide the right balance of sugar and acid to create a well-fermented wine without the addition of sugar or water. Read More…
As far as investment is concerned, the large scale industries demand substantial capital investment. However, these industries provide lucrative profitability and social dignity too.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.