business you can do in Punjab
business you can do in Punjab

business you can do in Punjab? Punjab, a state bordering Pakistan, is the heart of India’s Sikh community. The city of Amritsar, founded in the 1570s by Sikh Guru Ram Das, is the site of Harmandir Sahib, the holiest gurdwara (Sikh place of worship). Known in English as the Golden Temple, and surrounded by the Pool of Nectar, it’s a major pilgrimage site. Also in Amritsar is Durgiana Temple, a Hindu shrine famed for its engraved silver doors.

Starting a enterprise takes innovation, creativity, an inherent ability for risks, and a long-time period dedication to stand the ups and downs of the enterprise.
Punjabis have all of it in truck-load. That is why Punjab ranks most of the pinnacle states with the most important variety of small enterprise proprietors in India.
With enterprise-pleasant infrastructure, transportation facilities, and authorities policies, Punjab is the land of possibility for everyone who desires to begin a enterprise in their own. This graph suggests the recognition of corporations in Punjab.

business you can do in Punjab
How to startup business in Punjab. Image from web

After all, who doesn’t want to be their own boss and take pride in building a legacy for the next generations?

Here are some of the most lucrative business ideas in Punjab to pursue.

business you can do in Punjab here are some ideas.

1. Start an Organic Produce Store

Punjab has a large acreage of land under farming, and the economy is still agrarian to a great extent. While a majority of farmers invest in traditional or GM agriculture, organic farming has caught on.

Farmers are adopting certified practices to grow legumes, grains, fruits, and vegetables organically. Here lies a great business opportunity for the new generation of business owners in Punjab.

You can employ your own land in organic farming and sell your products to regional, national, and international markets. You can avoid mediators or agents and directly sell your organic products by opening a physical store or an online store.

If growing and selling are too much to do on your own, then you can simply partner with small-scale farmers and exclusively sell their organic produce in your store.

2. Travel Agency

Punjab has lakhs of tourists visiting it every year. Many travellers and tourists prefer to hire a travel agent to plan their entire itinerary and manage their bookings. They also prefer to hire a local travel agent due to their expertise in the local areas. So, starting a travel agency is one of the profitable local business ideas. Travel experiences have grown over time, and people are looking for unique experiences rather than traditional tourist experiences. Food tours, bicycle tours, walking tours etc., are getting increasingly popular among millennials and young travellers. You can start a successful travel business in Punjab by providing such unique and exciting experiences.

3. Bakery Business

Punjab has fertile land and is among the hubs for wheat production in India. People here are tremendously fond of eating and drinking. Many bakery items serve as important dishes for reunions, get-togethers, festive seasons, family functions, celebrations, and Punjabis enjoy these enormously. Starting a bakery business at both retail and wholesale levels can help make good profits. You can either sell directly to customers or can serve retail business stores. Cakes, bread, and other bakery products are in huge demand throughout the year. Starting a small business and then growing it eventually can help.

4. Agro-based Business

Being the home of five rivers of the nation, the land of Punjab is very fertile and rich in nutrients best suitable for any agricultural business. Hence, many businesses related to agriculture production and its allied activities can be conducted most profitably in Punjab. Here are some of the ideas:

  • Food Processing: As agriculture is the primary activity of the state, the food processing industry has a huge scope in Punjab. From grains processing up to food processing, packaging can grow into a massive venture if planned well.
  • Dairy Products: Punjab is the land of the White Revolution and is the best to start up a dairy business where animals like Buffalo, goats, sheep can be reared for the dairy business. This small scale business in Punjab can prove to be significantly lucrative since every celebration or festive occasion includes dishes made from milk or milk products. If proper licensing is done, a dairy business is one of the best ideas for the state.
  • Flour Production: Many of the foods in Punjab are made from wheat, making it an in-demand business. With wheat being the top crop grown in Punjab, a fixed investment and proper equipment can help in increasing the amount of flour production in the state. Thus, it can be a very futuristic venture to dive in.
  • Live-stock Feed Production: Live-stock forms an essential asset when it comes to the occupation of agriculture. Their care and maintenance are as important as that of the other farming needs. Hence, a good amount is spent by rich farmers on the feed of livestock. You can conduct a manufacturer or retail business of live-stock feed in Punjab with a moderate investment.

5. Automobile business

The automobile business is among the fastest-growing businesses in the world and now in India too. Not only the manufacture of automobiles but also the allied activities related to servicing and maintenance are flourishing business ideas for Punjab.

  • Automotive Sale: The sale of spare parts of automobiles is one of the allied activities of the automobile industry that has gained immense importance. 
  • Car Washing: Regular car washing is required for maintaining the cleanliness of a vehicle. This service is among the sustainable and new business ideas in Punjab with a medium investment.
  • Servicing Centers: Vehicle servicing forms an essential part of routine vehicle care, and whatever it costs, people are concerned about the health and maintenance of their moving assets. With proper knowledge in the field and a good financial plan, servicing centres can prove profitable.

6. Textiles, Garment Manufacture and Apparel Business

Cotton production forms one of the major produce in Punjab, which certainly opens up new business avenues for Textile and Garment manufacture and retail business in the state. Manufacture of clothes, designer garments, and customised wear can be the best business to start in Punjab. You can also run Designer Boutiques with updated fashion trends. With a good marketing strategy, the apparel business is a profitable venture with low investment. Also, with the growing fashion trends, draping, a part of apparel design has acquired huge relevance in the apparel market. People are ready to purchase the accessories along with the apparel, which increases the scope even further.

7. Organic Farming

Farming is one of the dominant occupations in Punjab. Organic farming is a new trend in Punjab and can be considered among the new business ideas in Punjab. The Government also assists in such a business venture. The fertile land in Punjab enables a productive greenhouse farming occupation. Also, chemical-free and natural ways of farming are gaining more importance considering health concerns in today’s world. Organic farming is also relevant to preserve the land in the best conditions without much degradation.

8. Micronutrients

Micronutrients form an essential part of the agriculture occupation. They decide the quality of land and the produce. With such a huge effort for the growth of crops, farmers never take a risk by using low-quality micronutrients. Hence, this can be one of the greatest business ideas in Punjab. You can also engage in the production, research and development, or the retail sale of the products. With the growing online market, it has been relatively easy to educate people about the need for good quality micronutrients from fertilisers and pesticides to organic nutrients for the flourishing growth and quality of the produce. 

9. Seed Production

Seeds are the base of any crop. Bad quality seeds can lead to huge losses in agriculture. Particular care is taken to use the best quality seeds to grow crops coupled with the best quality micronutrients. Production of good quality seeds may require some research and huge investment in equipment as well as a license from the Government. This is one of the significant ventures to look after in an agro-state like Punjab.

10. Home Tutors/Coaching

With the least investment and great knowledge in their respective fields, people can start a home tutorship and coaching business. It is among the small business ideas in Punjab. Skill development has gained huge importance over time. Today, people spend large amounts on personality development courses, yoga, meditation, career counselling, hobbies like music, dance, painting, sculpture arts, etc. You can start at the comfort of your home and turn it into a good business. 

11. Event Management and Photography

Punjab is the hub for events and destination weddings. With its scenic beauties and cultural flavour, many people select Punjab as their dream wedding destination. Also, within Punjab, people have a more inclination towards huge celebrations and functions with huge gatherings. Hence, event management and photography are some of the best business to start in Punjab. People prefer to spend wisely on event management services as this can make or break their efforts. If you are skilled enough to manage events and get work done efficiently, you can run a successful event management service with the required qualifications. Videography also has a vast scope. If you can capture perfect memorable moments, you can also think of photography, which is a very low investment business.  Also, there is an increasing scope for graphic and web designers in the state.

Prerequisites to start a business in Punjab

There are a few things you need to look into before starting any business venture in Punjab, such as:

  • Understand the economic growth of the state and the needs of the people there.
  • Understand the nature of the business you want to develop.
  • Know the Government rules, regulations, and laws in the state.
  • Understand the tax regimes of the state.
  • Study about the licensing needs for your business.
  • Look for the financial assistance that will be required and the availability of the same.
  • Get in-depth knowledge of various registrations that will be required to start the business and other legal procedures.
  • Develop a good marketing strategy and Pricing strategy.
  • Prepare a proper plan for the land and equipment investments.
  • Develop a strong workforce according to the size of your business.

These are the best business you can follow and grow your self in this challenging world.

FAQs

You can always resort to online marketing strategies when it comes to advertising your business. Digital Marketing has paved a great way to reach the remotest areas and advertise your business and products in a friendly manner. Also, a good service can lead to word-of-mouth publicity that is the best approach in the long run.

Managing a business requires huge skills and determination. You may or may not have a certified educational qualification to start a business at the initial stage. But if your business is related to any profession or licensing, you will require certifications for the same. Good practical knowledge and great financing decisions are enough to start a small-scale business.

Organic Farming, Contract Farming, Micronutrients production, seed production, etc., are t he best businesses to start in Punjab. 

You can always acquire the required skills through various courses offered online. They can give a brief insight about the process and knowledge required, which you can always develop over time.

Businesses like tutoring, home-stay services, photography, selling handicraft products form low investment business in Punjab.

You can always resort to online marketing strategies when it comes to advertising your business. Digital Marketing has paved a great way to reach the remotest areas and advertise your business and products in a friendly manner. Also, a good service can lead to word-of-mouth publicity that is the best approach in the long run.

Managing a business requires huge skills and determination. You may or may not have a certified educational qualification to start a business at the initial stage. But if your business is related to any profession or licensing, you will require certifications for the same. Good practical knowledge and great financing decisions are enough to start a small-scale business.

Organic Farming, Contract Farming, Micronutrients production, seed production, etc., are t he best businesses to start in Punjab. 

You can always acquire the required skills through various courses offered online. They can give a brief insight about the process and knowledge required, which you can always develop over time.

Businesses like tutoring, home-stay services, photography, selling handicraft products form low investment business in Punjab.