18+ Business ideas in Bhavnagar 2024 (Low Investment)

Bhavnagar is a city in Gujarat. The city is the largest salt-producing city with important diamond-cutting and polishing units. Bhavnagar holds second place in the diamond cutting and polishing industry after Surat. Industrial estates in Bhavnagar are growing rapidly. Bhavnagar is a significant city for trade with many small and large-scale industries. 

Bhavnagar is the largest salt producer and is attributed to the presence of diamond cutting and polishing units, plastics, shipbuilding, and shipbreaking. The city also has a few tourist attractions places. Proximity to the Gulf of Cambay and the Arabian Sea has enhanced Bhavnagar's commercial importance. MSME industries are growing with a reputation in the city. 

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The strategic location of Bhavnagar is the reason for its economic and commercial development. You can start a business in Bhavnagar because – 

• The city's population still depends on agriculture for their livelihood
• The perfect infrastructure and good governance make Bhavnagar an ideal place for business 
• It has become easy to carry out trading due to the Bhavnagar port

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Statics Table 

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Entrepreneur's Story in Bhavnagar 

Ameer Merchant is an entrepreneur and founder of Euphoria. Euphoria is an emerging brand that manufactures fried onion flakes across the country. Ameer was born in Bhavnagar, Gujarat, so he has inborn entrepreneurial skills. Merchant said, “Not each risk is inaccurate. There are right risks as well. Calculating the general situation and not choosing in haste is a must.
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The youth, at times, inclined towards commerce for a quick victory. That’s how they fall flat within the long run and keep criticising themselves”. Euphoria is an online platform selling a tasty fried onion flake. Euphoria is the leading producer, supplier and exporter of fried onion flakes and manufactures high-quality snacks. Ameer is working to make his venture a global one. Ameer is a hard-working and emerging businessman.

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Why do People Own Small Businesses?

If you do a job or are employed, you might have wondered why people own small businesses. Let the Fynd platform help you with the answer. Here are a few reasons why you should own a business – 

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• Achieve financial independence – Owning a business can give you high financial independence if you work hard. 
• Flexible lifestyle – Owning a business provides a flexible schedule. Initially, you may feel the workload, but businesses offer more flexibility with time. 
•  Make your rules – Every business is started from scratch. You establish your business and make the rules; you are not restricted. 
• Setting your deadline – You don’t have to work till the last minute when you own the business. You set your deadlines and work for yourself. 

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What is a Small Business?

Small businesses are those which have fewer employees. They can be solely owned or jointly owned. Small businesses have lower revenue and profitability in small market areas. Small businesses being self-employed also creates jobs. 

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Business ideas to Start in Bhavnagar –

Considering the available resources, many businesses can be established in Bhavnagar. It may be difficult for you to come up with an idea, or you may be confused. So, the Fynd platform suggests some ideas that can turn into successful business ideas –

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1. Cotton Saree Business

Cotton sarees are demanded nationwide, and starting a cotton saree business can be a successful idea. Saree is a traditional attire that women wear on different occasions.

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There are many types of sarees, such as Baluchari saree, Banarasi saree, chiffon saree, silk saree, and so on. You can start a retail saree business,online or wholesale saree business. The Fynd Platform will guide you on how to start your saree business. With the growing demand for sarees, this business will flourish in no time if started with a solid plan and executed well.

To start a saree business – 

• Build a solid business plan 
• Arrange finances for starting your business 
• Get all your marketing and selling strategies 

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This saree business is growing. It would be best to analyse what sarees are in demand and sell the product to your target customers. Sarees are modernised in many ways, but their importance does not come down.

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If you have a knack for fashion, you can earn handsomely from the saree business. If you sell high-quality sarees, you will earn goodwill. For selling sarees, your target audience will be adult females. Initially, sell your sarees at a reasonable cost as the sarees are available in a variety of ranges. 

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2. Candle Making 

Candles are in demand. They are a good gifting option and are often used in religious rituals. Restaurants, hotels, and even houses nowadays use scented and therapeutic candles to create an ambience. Starting a business that produces and sells scented candles is a good idea. To start a candle-making business, you should consider the following – 

• What will be the start-up cost? 
• Who is your target market, and what will your product price be?

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You can start this business at your home at a low cost. If you know various types of candles, you should also consider what type of candle you would make. To earn some extra money, you can make and sell candles. When planned properly with appropriate strategies, candle-making is a highly-profitable business.

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The cost of making candles is low, and the returns are considerably better than other consumer products. The demand for scented and decorative candles creates a business opportunity for new entrepreneurs.

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3. Making Gujarati Snacks

Gujarati snacks are famous all over the country. Gujaratis have mouth-watering snacks that have huge market potential. Jalebi, fafda, dhokla, and khaman are famous snacks. Starting a fast-food business in an ideal location is no big deal.

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The demand for traditional Gujarati snacks will never go down. Your snacks will sell quickly, and it is a low-investment business that will fetch you high returns. These Gujarati snacks are sold at a pocket-friendly rate. Snacks are found in every household. You can create an online store for your products; this will help your product reach a maximum number of people.

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4. Pickle Business

You can proceed with the pickle-making business idea if you have delicious recipes. Gujaratis, being food lovers, love to add various flavours to their food. There is a huge variety of pickles that can be produced. Many pickles can be manufactured by using a variety of spices and fruits.

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For establishing a pickle business – 

• Decide which type of pickle you will make 
• Get your manufacturing infrastructure in place and ready 
• Arrange for proper storage and preservation 
• Decide the price for your products and use appropriate promotional tools. 

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5. Tiffin Service

A tiffin delivery service does not demand a lot of capital. It requires a little bit of experience and a proper business plan. It is a simple business that can be started at the convenience of your home you can also create a website to offer your tiffin services online.

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You will get potential customers for your business, and once you have established a customer base, you can expand your business. You can take your business to a high point by providing high-quality food and service. Tiffins are demanded by students and people who are working.

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For those people settling in another city, their biggest concern is food. To start this business, analyse the market carefully and take all the necessary steps. Create funds for your business, make a business plan, and, most importantly, you should have all the skills that a tiffin business requires.

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6. Art and Crafts 

If you are passionate about art and craft and want to start a business, you can start at your home by selling your artwork and crafts. Before starting the business, create a demand for your products amongst people. 

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Make sure of two things for your business – 

•  Differentiate your product line from others 
• You should define your ideal customers 

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You can sell your products online or offline. You can even customise the products according to the customer’s demand. Arts and crafts can create a lot of things, such as you can make decorative items, customised items, and other things.

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7. Papad Making 

Gujarat is a renowned place for culinary ingredients. People have Papad as a side dish with their lunch or dinner. Papad manufacturing business can be started on a small scale. Papads have a wide variety. With low-cost investment, papad making business is a profitable business. 

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Here are some steps to start this business –

• Get the product line that what type of Papad you will make
• Get your business registered 
• Arrange finances for your business 
• Make sure to follow a proper papad-making process 

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According to a report, in India, the papad market is approximately Rs 1,000 crore. Papad is traded to over 121 nations. Within 2020-2021 (Apr-Nov), India has traded Papad worth 34.1 USD million. The whole volume of trade in 2020-2021 (Apr-Nov) was around 19502270. Papad-making business is the best option for women to start the business in the comfort of their homes. This paper-making process is simple, but this industry is competitive. 

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8. Food Manufacturing and Stores

Food stores and manufacturing are lucrative and demanding businesses in Gujarat. Research the tastes and preferences people in the locality would like to eat. Gujaratis are well-known food lovers. Starting a food business in the area and state will be profitable.

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Food stores and manufacturing are emerging as profitable businesses. Food is something that is always in demand, and there are a lot of opportunities for food manufacturers. Businesses involved in food manufacturing produce packed food.

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The food manufacturing industry is fast developing, and the food sector dominates the franchise industry. A franchise business is one of the best businesses that can be started anywhere. Any industry with high demand is profitable, and the risk of uncertainty is also low. You can start a food truck and produce biscuits or ready-to-eat products.

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9. Salt Production 

Gujarat is the largest salt producer state in India. The salt production business can be highly profitable in Bhavnagar, and the process is not complex.

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Let's look at the salt manufacturing process – 

• To start a salt manufacturing business, you need to do a proper market research
• Learn about the salt manufacturing process 
• Create a solid business plan
• Arrange finances and promote your salt manufacturing brand 

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India's sea salt generation measured 25.1 million metric tons in 2019. Within the same year, India's generation of other sorts of salt measured to add up to 4.9 million metric tons. Through Salt production, you'll get monthly profits of up to Rs 15000. In this, you'll gain around 1,20,000 to Rs 1,80,000 yearly. Salt manufacturing is a profitable business that can be started in Gujarat. 

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10. Gem and Stone Shop

Many unique and exquisite stones are found in the state, which makes it a suitable place to open a gem and stone shop. As an important diamond cutting and polishing unit, businesses related to gems, stones, and diamonds are undoubtedly profitable. While opening a business, you should decide what type of gem and stones you will sell.

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Selling the stones as a retailer can be more profitable. Every retailer selling gems and stones needs a selling licence. Reaching a target audience can be a turning point for your business. 

Remember these things to start a gem sale business – 

• Have a proper business plan
• Acquire all the required licences and permits
• Define your selling brand 

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11. Agrochemical Industry Business 

For starting an agrochemical business, make sure items are trademarked and well-marketed. You can seize the opportunity as this industry is expanding day by day. The Agrochemical industry has a wide range of products: fertilisers, pesticides, insecticides, growth agents and other items.

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Agrochemical or Agriculture means a type of chemical used in agriculture. Agrochemical is considered essential for agriculture and includes a wide range of products. If you are starting an agrochemical manufacturing business, you will need a huge infrastructure. The government regulates the Agrochemical industry. Manufacturing agrochemicals is a lucrative and profitable business idea.

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You can excel in this field with proper skills, substantial capital investment, and strategic planning. After seeds, agrochemicals are essential inputs for farming, and the demand for these products is rising. Arable land is inefficient in feeding the growing population, driving the agrochemical market.

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12. Godown for Raw Textile 

The textile industry will continue to boom; this industry will never get outdated. Textiles need storage, so creating a godown for raw materials is a simple business. For a successful business, you should ensure that your godown is located near raw materials and import-export businesses.

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With the growth of the textile industry, the demand for godowns is also rising. These godown services are necessities for any business. Consider a few tips before starting a godown business – 

• The first and foremost essential thing is the location of your warehouse. 
• A good transportation system will help your warehouse grow.
• Water and electricity facilities should be available. 

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Starting a godown business is complex and needs coordination between several establishments. The cost of warehouse service is lower than building a warehouse or a godown. Having a wide contact network and trained staff to execute the work properly will generate a good income daily. 

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13. Textile Business

Gujarat has a huge market for textiles. The textile industry is one of the oldest business options. This business has segments like sewing, stitching, hand textured and others. The textile industry has an opportunity to invest in the textile business. You can sell or manufacture textiles. You can sell your textiles on an online platform.‍

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It is considered profitable for new entrepreneurs to invest in this industry. India is one of the largest exporters of textiles. To start a textile business, research and analyse the existing market and select a suitable location.

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This industry provides employment opportunities for both skilled and unskilled workers. Cotton is one of the major players in the textile industry. The textile business is spreading worldwide, and it can earn a lot. 25℅ of the country's textile manufacturing output is produced by the state.

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India's 30% of the woven fabric is produced in Gujarat, a leading manufacturer of technical fabrics. The skilled employees attract investors in the textile and apparel sector.

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14. Cotton Business 

Cotton is one of the main crops grown in Gujarat. Starting a cotton business can be considered best. Cotton businesses allow more influence on entrepreneurs. Start-ups can be initially challenging. Cotton goods are demanded all over the country. You can also buy an existing business. The cotton industry is one of the significant industries in the country.

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Cotton is known as the cash crop of India and is used as a raw material for various industries. Growing cotton as a crop can be considered a good idea. Gujarat is the largest producer of cotton and the biggest producer of artificial fibre.

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15. Fertiliser and Chemical Production

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The demand for organic food is rising quickly, so investing in fertiliser and chemical production businesses is an excellent choice. After researching and knowing about the industry, you need to obtain a license and permission from the government to start the business.

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Gujarat, one of the largest agricultural states’ fertiliser and chemical production businesses, is a suitable choice. Begin with this business in Bhavnagar. This industry has growth opportunities. Fertilisers are commonly used in the agriculture industry. Fertilisers are widely used, and their demand is also not fading.

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The government mainly controls the fertiliser industry. The idea of making profits by distributing or manufacturing chemicals and fertilisers seems good, and it is promising. But it does demand a lot of hard work and effort. A carefully drafted and well-researched plan will prove a great strength to your business.

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16. Manufacturing Petroleum Jelly

Gujarat is a major manufacturer of petroleum products. You can use the opportunity to start a business in Bhavnagar. Vaseline is in high demand during winter as it provides good moisturiser. This business will not have a demand for high investments. This business has a scope in Bhavnagar as the product is produced around ports. Regardless of the market conditions, this low-investment business will not involve many risks.

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Various cosmetics and pharmaceuticals use petroleum jelly as a raw material. More and more cosmetics products and brands are introduced daily, increasing the demand for petroleum jelly. To start a Vaseline manufacturing business, you don’t need much capital. Chemicals are the major investment as other simple equipment.

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Vaseline is a widely used product, and the demand for Vaseline rises in the winter season. You should use the best quality ingredients. As the population grow, so does the demand for Vaseline. One of the profitable businesses to start in Gujarat is baseline manufacturing.

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17. Fashion Design Studios 

Bhavnagar has a lot of possibilities for fashion design studios. The state has a strong economy, and the demand for designer clothes is also high. If you are interested in designing, Gujrat is the best market known for textiles, and it provides good opportunities to start a business. Designer clothes are demanding whether it is a party, wedding or any other event.

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Many fashion-conscious customers create a demand for fashion design studios. The fashion industry has a huge scope for business. It all depends on your skills to make your business grow. Before starting a fashion studio, consider these points –

• This business will need hard work 
• You will have to face many challenges 

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The fashion industry is highly competitive, and starting a business will not be easy in such a competitive industry. Once your business is set, make sure that you maintain the position of your business. 

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18. Manufacturing Jeans 

Jeans are one of the most used or demanding clothes and can be used as a business opportunity. The best textiles available at a low cost can fetch a high income. People of every age group and gender demand jeans. In a year, globally, 6 billion pairs of jeans are produced. Producing one of the most demanding products will be profitable and have growth opportunities.

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Jeans have an already established customer base. With proper planning and investment, it is a great business opportunity. The popularity of jeans is more than tailor-made clothes. Denim is a versatile fabric used to produce a variety of products. 

To start the business – 

• Make sure you research the latest market trend
• Determine the visit of the product 
• Launch your brand 
• Ahmedabad is called the 'Denim Capital of India'. Country's 65% of the country's denim fabric is produced in Gujarat. 

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19. Franchise Business 

Starting a small franchise business is an appropriate business idea. With a good business plan and smart management, the business will flourish in no time. There are many franchises available nowadays. This is considered one of the successful forms of doing business. Franchise businesses involve low risk, and they have already built their brand.

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Be thoughtful in taking your decisions and completing all the legal procedures. KFC, McDonald’s, and 7-eleven are some worldwide famous franchises. Some of the best franchises in Gujarat are Chicago Pizza, Sarangi franchise, online hub, rookies, Pepperfry, Amul dairy and others.

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20. Manufacturing Paper 

The paper industry is growing and is one of the largest industries in India. The growing population and high literacy rates are demanding more paper. In the coming years, the demand for paper will grow. This paper manufacturing business has growth opportunities. Gujarat allows you to establish the business and enter the market at the right time. 

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This industry does not need any high investment. This vibrant paper industry uses wood as a raw material. This industry offers small-scale business opportunities with low investments for entrepreneurs.

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You have many options to start a business in the paper industry. Some of these are – 

• Manufacture A4 paper
• Waste paper is used to make egg trays. 
• Envelope making – envelopes are still used to send greeting cards and the places that use the formal method of communication 
• Making greeting cards
• Making handmade paper and other items 

Apart from having a wide scope for business, the paper industry has many products that can be produced and used daily. 

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Conclusion 

Bhavnagar is a city in Gujarat, and Gujarat is the third-largest contributor to the country's GDP. It provides opportunities for initiatives and start-ups. The state has a rapid growth rate in farming and industrial services. It is known as the textile hub of India. Providing facilities to establish a business, no doubt that Gujarat is a suitable place. The Gujarat market can give entrepreneurs many ways to establish new businesses.

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Apart from the above business suggestions, you can also start a business in the agricultural sector in Gujarat. Agriculture is the backbone of our country, and Gujarat is no exception. Fynd platform has provided some ideas that can be started in Bhavnagar. Many industries and sectors are flourishing, so you can consider starting a business in Bhavnagar.