25+ Business Ideas In North Dumdum For 2024 (Low Investment High Profit)
The state of West Bengal is well-connected to the rest of the country as well as the rest of the world through a variety of forms of transportation. The city is home to a diverse range of commercial enterprises, including textile production, food service, steel production, manufacturing, wholesale and retail trade.
One can start a successful or low-scale business in West Bengal because of the state's flourishing economy and excellent connections. Do you have any interest in launching a successful enterprise in the state of West Bengal? No need to look any further. This article discusses a variety of business concepts that are applicable in West Bengal and can be implemented by the reader.
- The North 24 Parganas district is located in southern West Bengal, in the eastern part of India. It is also known as the North Twenty-Four Parganas district. The North 24 Parganas district is not only the most populous in the state of West Bengal but also the most populous district in all of India. According to land mass, it is the ninth-largest district in the state.
- These North Dumdum business ideas are perfect for those who are just starting, are establishing their business, or have a very hectic schedule. Evaluating your capabilities, talents, assets, and financial status is the first step in developing ideas for small businesses that you may launch immediately.
Entrepreneur's Story:.
Mr Abhijit Ghosh, Mr Subhajit Ghosh and Mr Bikramjit Ghosh following the same business virtues have taken the brand ahead and made it recognizable across the globe. To cope up with the growing demand for our products, we have set up three production units in Kolkata. Bachharams has been accredited with a number of Awards by a panel of adjudicators in the culinary world viz.
Calcutta Times Awards, Times Hospitality Award, West Bengal Khadi Village & Industries Certificate, Times Food Award, to name a few that have earned us our brand image.
The recent awards being the Times Food Award Kolkata for Best Mithai Shop 2020 which we have been winning consecutively for the past few years, and Times Food Delivery Icons Kolkata for Iconic Mishti.
Business Ideas In North Dumdum
lets start with some point of north dumdum
1. Construction:
India is the fastest developing country in the world. So, to fulfill the on rise needs of offices and workspaces has brought about a revolution for this sector. It is the fastest growing sector and has a large scope too.
This business is expandable to any extent. If you have the necessary skills and expertise, as the eastern region of India is still considered to be somewhat underdeveloped overall.
In order for the company to ensure that their activities do not have a negative influence on the natural environment while simultaneously satisfying the high demand for all the material used in building, it is reasonable to anticipate that the company will consistently improve their processes.
You can join Fynd platform, it’s a great site to build business from ambitious ideas. The India construction showcase estimate was $609.6 billion in 2021. The advertisement is anticipated to develop at an AAGR of more than 6% amid the period 2023 to 2026.
2. Financial Consulting:
To elaborate, the term "finance" designates the activities of generating, administering, and analysing monetary resources and investment opportunities. One of the most important aspects of finance is the process through which an individual, an institution, or the government accumulates wealth, often known as capital, and the method in which it is managed and spent.
Finding consistent work that pays well might be challenging. In point of fact, residents of DumDum have access to a variety of businesses that offer full-time employment opportunities in the field of financial consulting.
It is possible to make money by carrying out particular tasks for customers and companies. Although this topic is complicated and is not talked much about, it contains a huge weightage in everybody’s life, being financially literate and stable is the prime focus of today’s generation and everybody requires consultation.
3. Recycling:
The most significant thing is having a conscience about the environment. You have the opportunity to launch a trash management business in Dumdum. It has the potential to be a successful home-based business.
It is now a challenging effort to efficiently manage waste and find ways to reuse it while minimizing associated costs. The administration has been searching for new ways to make use of all the garbage and better manage the expanding number of landfills.
There is a dearth of waste management solutions, and the accumulation of waste represents a threat to the natural ecosystem. Garbage dumped in public spaces and landfills acts as a breeding ground for bacteria and brings illnesses into closer proximity.
At this time, enormous amounts of garbage are produced in every region of the world. The management of waste could bring in a significant amount of money while also having a socially beneficial effect.
4. Saree Business:
The ladies’ love for apparels is known to all, and for traditional Indians in Saree. Saree is loved by all the women all over the country. The fact that people of West Bengal are extremely connected to their roots and culture. It is believed to be an essential part of a woman’s life in India.
They are known for not compromising with their ethics and festivities. The Saree is considered as a symbol of purity. The Goddess Durga is the prime deity in that region and ladies especially wear similar sarees all over the state to show love for the Goddess. So, it is a great opportunity to bring innovation while respecting their ethics simultaneously. It can be a great business idea.
5. Sculptures:
In the same way that the majority of rural communities in the country do, a significant portion of this state's population not only depends on agriculture for their livelihood but also on the production of traditional handicrafts.
Clay jars, figurines, idols, and much more, all produced locally and by hand, make for wonderful presents and memories to take home with you if you are visiting there. In Kolkata, which is famous for its terracotta handicraft works, there are several festivals and exhibitions held every year, at which some magnificent pieces are displayed and sold.
The rich are fond of taking pride by putting expensive sculptures in their homes, spending money on such things is like an investment to them and Bengal is definitely a leader in this sector.
6. Jute goods
Jute is a type of plant that is produced expressly for the purpose of producing fibre, and another type of handicraft that Kolkata is famous for is made from jute. You can discover anything from baskets to caps, ornamental pieces to even furniture, and you are sure to find at least one thing that you would like to take with you when you leave.
Items crafted from this adaptable and eco-friendly material can be found in a variety of retail locations in Kolkata, such as local markets and shopping districts like Park Street, at prices that are not prohibitively expensive.
These goods made from jute are in fashion among the rich too which automatically increases its demand and price at the same time, manufacturing fashionable goods out of jute would be very beneficial.
Within the financial year 2017, jute was responsible for adding more than 40 billion Indian rupees to the Indian economy. India's jute bag exports in 2016 were worth around Rs 350 crore; by the late financial year 2021 that had nearly tripled to Rs 1,000 crore.
7. Restaurants:
Fish is undoubtedly the non-vegetarian food that Bengalis like eating the most. And it surely deserves to be singled out for special attention. There are a lot of holidays and feasts that revolve on good food, and in North Dumdum there is no shortage of great restaurants to experience some of the regional specialities like Bengali Doi Machi, Macher Jhal, Shorshe Mach, and a lot of other things.
This can directly hit that sentiment of people and can be very profitable. You know what to do to make a business run well both online and offline and its Fynd platform. This business is also on a rise as people love walking out of houses with their families and exploring new and different places.
8. Sweets Shop:
Sweets are everyone’s weakness only if you are diabetic! Mishti, which is the local name for Bengali sweets, deserves a special mention because they are in a category all by themselves.
You can find things in North Dumdum that you have never seen before and probably cannot pronounce either, making them even more difficult to find back home. For example, we are all familiar with the dangerously delicious rasgulla, sandesh, and gulab jamun. But in North Dumdum, you can find things that you have never seen before.
Mouchak, Balaram Mullick, and Radharaman Mullick are among the establishments that unquestionably offer some of the most delicious Kheer Kadam, Pantua, and Mishti Doi, in addition to a variety of other delectable specialities. The Bengalis are richly fond of these sweets.
The retail sales esteem for packaged sweet spreads across India stood at about 554 million U.S. dollars in 2019. The India packaged sweets advertise was esteemed at INR 4,368 Crore in 2021.
9. Food Joints:
Street food and busy cities go hand in hand, and North Dumdum is no less of a busy metropolis than any other, and as a result, there is no shortage of roadside food kiosks, carts, booths, or stands in the city. The craze of street food among the youth has made many fortunes.
The indigenous egg roll and puchka, as well as the momos and chow mein influenced by the East, the dosa from the South, the Tikka rolls from the North, and even the Vadapav from the West, bringing such variety with authentic taste would make it the best and are all part of a cardinal direction gastronomic experience that is waiting for everybody who visits Kolkata. All sorts of food joints add up because it's an evergreen sector.
10. Bangles:
It is very important in the life of a married Bengali woman to wear shakha-pola, which are red and white bangles, because it represents her marital status, and wearing shakha and pola is thought to be crucial for the well-being of the husband. In addition, wearing shakha and pola is considered to be significant for the well-being of the children.
Since ancient times, it has been produced in Bengal, and even though the vast majority of women wear plain bangles, there are many distinctive styles available now that can be tailored to suit your preferences. It is the perfect inclusion of a large market share of ladies. The stone and glass bangles are very fondly worn by all the ladies in the region.
11. Dhokra Art:
The Dhokra craft is a beautiful technique that involves shaping brass and bronze to give birth to stunning idols that highlight a variety of themes that reflect upon the culture and history of Bengal. These idols are created using the Dhokra craft.
It is one of the styles of tribal art that you absolutely must have in your home since it can transform even the most unremarkable space into an artistic getaway. The rural craft houses of West Bengal, which also sell traditional forms of art, are the best places to look for the stunning figures.
This requires sticking the business to rural areas and employing the local artisans for the same. Its demand is never ending, and the business can also give it a better representation at the global level through e-commerce.
12. Tourism:
The city of North Dumdum holds a special place in the affections of historians from all over the world. Many people from other countries visit Bengal each year to take in the city's illustrious historical history.
For a period of one hundred and fifty years, the administrative center of British India was located in the city of Kolkata. It has been around 150 years since the beginning of the establishment of outstanding architecture.
People who follow the Hindu religion travel here to show their reverence for the gods, and the Durga Puja festival is a popular destination for travellers from all across the nation. You may familiarize them with the history, art, and culture of the city by providing services such as transportation and guided tours.
13. Dolls:
“Rani putul dolls”, also known as Queen dolls, have been manufactured in West Bengal for centuries. This industry has had a significant impact on the economy of Bengal to a certain extent.
These are painted clay dolls that have been given the appearance of wearing long regal garments, most of which are coloured red. They are extremely simple images of the queen that do not have a lot of detail, which makes them ideal for adding an exotic touch to your display in that they are fantastic for bringing attention to the subject.
The majority of dolls are said to have been created by artisans who envisioned Queen Victoria as their muse. Some of the dolls take their inspiration from the well-known fairy tales and stories that are popular among the people in the region and resemble the characteristic features of the stories and tales.
14. Wedding Planners:
The costs associated with wedding ceremonies are high in North Dumdum. A wedding consulting service could be quite simple to launch for an individual who is well-organized and attentive to the particulars.
Over the past ten years, there has been an explosion in the need for professional wedding consultants. People in this day and age are frequently too distracted with the demands of their careers and personal life to pay attention to the complexities that are required to arrange the event of their dreams.
This makes it difficult for them to fulfill their aspirations. Because of this, an aspiring entrepreneur who is interested in launching a wedding consultancy business now has a tremendous amount of potential to work with. One of the original concepts for a business in North Dumdum is presented here.
15. Stylist
Although it took some time for stylists to achieve acceptability in India as a genuine and profitable profession, they have now accomplished their goal. If you have the appropriate talents and enjoy doing makeup, you should consider becoming a makeup artist.
The people in Eastern region of India are not very aware of new developments in this sector. Stylists are very important as people are too conscious for their looks in important events and meetings.
To begin building your portfolio, try your hand at bridal makeup, makeup for photographs, event makeup, cosmetics for runway pictures, and other projects of a similar nature. The basic business in this field is easy to begin and maintain. The side business of training people in this sector is in trend and has many benefits added to it too.
16. Translation Services:
Services that are provided in a foreign language are in higher demand than they have ever been before for a number of reasons, including the growing number of tourists, the abundance of professional prospects, and the declining level of competition.
Because there is greater demand than there is supply, this market is considered to be a seller's market. Therefore, it should come as no surprise that this market presents a significant opportunity for you to make money.
If you are competent in multiple languages, you should seriously consider providing your skills as a translation, an instructor, or both, so that you can profit from your knowledge. This is a skill not very difficult to learn but has many opportunities readily available to you.
17. Music Industry:
The city of Kolkata is famous for its traditional music, and its residents take great pride in expanding their musical horizons. As a consequence of this, opening a music school in Kolkata is a financially lucrative business enterprise, as residents of the area are keen to participate in activities related to musical expression. This business is a perfect suit for people having the skill but less capital to invest. Employing some traditional musicians would be beneficial for training students.
Make arrangements for local musicians to teach students about how to play instruments such as the sitar and the flute. This will create a boost in employment of music artists, and connect the business to the roots at the same time.
18. Leather Products:
If you have significant skills and experience, the leather sector could be a good fit for you. There is a wide variety of leather goods available, including wallets, belts, shoes, handbags, caps, mobile phone and book covers, laptop backpacks, duffel bags, cardholders, and handcrafted leather goods.
Do you know that the tanning industry in the state of West Bengal is the second largest in the country? Tannery is a business that does not require a substantial initial capital investment; rather, you can begin with a more modest one.
In addition, the government is providing financial incentives to both existing and prospective businesses in order to encourage the growth of the city's tanning industry.
Reimbursement of registration fees, exemption from stamp duty, capital and financial incentives, and additional incentives were available. In order to make the manufacturing of leather more secure, the Government has taken many steps.
19. Transportation:
It has been observed that the city does not have an efficient cold storage transit service. Fish is a perishable product that must be stored in a freezer in order to maintain its quality throughout the year.
Without having access to a cold storage unit, the fish industry in that city will never be able to realize its full potential. From the fish dock to the processing facilities or the market region, there must be a suitable infrastructure for transporting refrigerated fridges.
It is also possible to make a significant amount of money in Kolkata by catering to the needs of individuals who require cold storage transportation. Cold storage freezers are also in high demand among farmers of fruit and vegetables due to the high demand from these farmers.
20. Fish Sector:
Kolkata's major food is fish. The state of West Bengal is the one that consumes the most fish. The city always has a very high demand for fish and other types of seafood. Studies indicate that Kolkata is the most important fish producing region in the country, accounting for about 20% of the country's total fish production.
This is the most significant industry in Kolkata since the city is endowed with all the natural elements necessary for a flourishing riverine fish industry, such as the presence of the Sundarbans, an abundance of water, and favourable weather conditions.
The government of West Bengal has adopted a number of different initiatives to advance fish farming. These actions lead to favourable outcomes, which contribute to the company's position as one of the most lucrative firms in Kolkata.
21. Car Rentals:
Car rental services have been very successful due to the combined efforts of two different industries: the tourism business and the service sector industry. In the rural areas of West Bengal, one of the most popular concepts for a business to start up is a car rental company.
This is one of the enterprises that place a heavy emphasis on management and capital investment. It entails procedures such as the provision of rental automobiles, the taking of reservations from customers, and the scheduling of times, amongst other things.
It is possible to operate a modest company through Uber and Ola; a franchisee position with one of these large brands may also be pursued. Additionally, a private service is always an indispensable option. This sector, at this point, has less competition in the West Bengal region, which makes this business a perfect opportunity.
22. Garments Industry:
Since a long time ago, Kolkata has been the center of activity for the selling of garments. You are able to supply sarees that are unique to West Bengal, such as the Baluchari handloom silk saree, the Tangail Jamdani, the Murshidabad Silk Saree, and many more.
You also have the option of selling traditional men's attire such as dhotis, lungis, and other items. Wholesalers and merchants from all over the country make trips to Kolkata to satisfy their demands and requirements for garments.
Establishing a garment manufacturing industry in the city and its surrounding areas has the potential to be a lucrative commercial endeavour. One is able to launch a small business with the assistance of community members by utilizing the abilities that they possess. This enterprise has the potential to become a supplier to large corporate houses or even sell straight through internet marketplaces.
23. Electronics Business:
Because of the pandemic, many people are choosing to either study or work from the comfort of their own homes rather than risk going outside. As a direct result of this, there has been a meteoric rise in the number of sales of various electronic devices such as desktop computers, laptops, smartphones, and tablets.
This sector involves IT which has never-ending demand in both business and job ways. Consequently, repairing and selling computers and other electronic gadgets is another concept for a West Bengal-based small business, expanding it to not just repairing but availing all kinds of latest products will provide you an edge over your competitors.
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24. Diagnostics:
In the state of West Bengal, a diagnostic center can be opened for business by anyone who possesses competence, notably in the field of laboratory science. This company calls for a significant upfront investment of more than 10 lakhs, which is the Indian currency.
Diagnostic centers that include pathology labs have the potential to generate respectable levels of revenue, which is one reason why the pharmaceutical and medical industries have consistently ranked highest among West Bengal's several business categories.
Since it can assist in accurate diagnosis and fulfill the requirements of patients in this way, a diagnostic center of high quality is a necessity in this day and age. In West Bengal, franchise opportunities have been made available by businesses such as Thyrocare and Apollo, amongst others.
25. Cooking Oil Business:
When cooking a wide variety of dishes, the people who live in West Bengal make extensive use of mustard oil. As a result of the enhanced flavour and aroma it imparts to the dishes, it is the ingredient of choice for both cooking and dressing.
Therefore, the production of mustard oil within the state is a promising commercial potential that should not be missed. The initial financial commitment is substantial, coming in at roughly 8 lakhs.
Food’s demand will never halt, as it is an essential and so does imply with the commodities used in it. However, the extremely high profit results in a payback that occurs very quickly. The oil business can be scalable at any level possible, confined not only to a particular city or state.
26. Spices:
Spices are an essential for devouring taste in food. The residents of West Bengal have a voracious appetite and are eager to try new kinds of food. The addition of flavour and scent to food is achieved through the use of spices; as a result, the production of spices in Bengal is a business idea with a vast potential and a large customer base in the state.
It is relatively easier to build trust among the rural masses as production can be commenced near them, availing job opportunities to them as an additional benefit, making it much easier for the enterprise to excel and compete in this industry. This business has the benefit that it can be started even from the comfort of home with a very minimal investment.
27. Groceries:
Across the country, there has been a recent uptick in the construction of shopping malls. However, the conventional grocery stores have not yet lost their significance, and the residents of the state continue to favour the adjacent grocery stores over the enormous shopping malls in the area.
The grocery store is a business that can be created with a very low initial capital investment of tens of thousands of rupees to one million rupees. The payback return and turnover rolling are extremely quick in this industry.
It is a part of essential services, as we all saw during the pandemic that only the essential goods sector was not as affected as others. This business at any level would lay profits for sure.
Conclusion
Young people looking to start their own businesses have a variety of options available to them in North Dumdum. We cannot stress enough how important it is for you to investigate the business prospects that align with your areas of experience, information, and interests.
You'll need a solid business plan that includes specifics on what you're offering at a certain price point, who you're targeting as a client, the potential and risk of your firm, its strengths and limitations, and essential business targets.
When venturing into the world of entrepreneurship with the goal of capitalizing on the business opportunities in North Dumdum, you should keep in mind that there is always the potential for danger in the business world. These are some of the most promising commercial ventures in this region.
There is a possibility that you will face some hurdles if you decide to launch your company in North Dumdum, but you won't face any difficulties anywhere else in the world.
If you are intent on launching your own company in Kolkata, it is recommended that you begin on a modest scale and progressively expand your prospects. There is a virtually endless supply of opportunities. As you gain experience in business strategies, you'll find things much simpler.