In India, Jharkhand is often referred to as the ‘land of forests’ due to its extensive forest cover. The state shares borders with several other Indian states, including Bihar. Economically, Jharkhand is considered one of the poorest states in India, ranking second from the bottom in terms of poverty. As a result, many people from Jharkhand migrate to other states to earn a livelihood.
Not only is it economically poor, but also the condition of Jharkhand state as compared to other states of India is very down, the literacy rate is below the average, no infrastructure development, you can consider it a backward state of India.
Although the productivity of things is low in Jharkhand, it is rich in mineral resources. It is also known as the richest state in minerals like coal, iron ore, copper, uranium, mica, bauxite, granite, limestone, silver, graphite, dolomite, and many more.
As the state owns 29% of the productivity from mineral resources and wood products. The people of Jharkhand live in rural areas, and they are illiterate and don’t know how to utilise and increase productivity.
So, most of the people from other states come and establish industries there and make products from the mineral resources. So people there can learn and utilise their own state’s minerals and start producing things from them.
Let’s discuss some startup business ideas that you can start in Jharkhand.
Here’s A List of 16 Business ideas and Opportunities in Jharkhand
1. Export Business of Granite and Marbles
As we have already discussed above, Jharkhand is a mineral-rich state in India. So, you can also start the business of exporting granite and marble. In Jharkhand, there is high-quality granite available. Granite is highly used in the most essential items like kitchen tops, shelves, bathrooms, basins, etc.
In India, granite is not available in many states, so you can export granite and marble to other cities and states. It is a large-scale business, as you also require several registrations to start a business.
2. Makeup Products Manufacturing
As makeup production needs the natural resource mica, it. And you can have mica in a huge quantity in Jharkhand, as Jharkhand is rich in Mica. Lip gloss, mascara, moisturising lotion, eye shadow, blusher, and many more.
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3. Ceramic Making Business
People love to decorate their homes and offices with ceramic items. Also, nowadays ceramic tiles are much in demand. People are using tiles to beautify kitchens, bathrooms, and floors. If you have the skills to create beautiful ceramic pots and other decorating items, then starting your ceramic-making business would be more profitable.
4. Pencil Making
The lead pencil is made from Graphite, and Jharkhand is the Indian state that is the second-largest producer of graphite. So, if you want to earn a handsome amount from a business, then pencil making is a wise decision. You need machinery and raw materials to produce pencils.
5. Wire Manufacturing Business
As Jharkhand is rich in Iron and wire production needs iron in it. Most of the metals are formed in Jharkhand, and that is why the wire manufacturing business can be the best business option.
To produce wire, we need different metals like iron, steel, brass, copper, aluminum, etc. And most of the metals are based in Jharkhand, so you can easily develop a wire manufacturing business.
6. Start a Business of Making Blouse Hooks
The main raw material required in making a blouse hook is wire, and these wires are made from iron. The hook can also be used in other clothing items like salwar suits, sherwani, kurtas, etc.
It is a profitable business and is a small-scale business. You need to invest money to purchase machines and raw materials like steel for making hooks.
7. Safety Pin Manufacturing Business
The safety pin is made up of steel, and as we know that Jharkhand is the best in the production of steel. The safety pin is a product that is widely and frequently used in households. And most women who used to wear a saree depend pin plays an important role as their fashion item. This is a small-scale business that requires a machine, a small space, and raw materials to produce safety pins.
8. Steel Utensils Manufacturing Business
Jharkhand is the number one state that produces steel in large amounts. Indian families mostly use steel utensils for cooking and eating purposes. So, manufacturing steel utensils will be a great opportunity to grow your business further.
9. Coal Supply Business
Jharkhand is the second-largest state that produces a large of coal. So, starting a coal supply business would be a great option to earn higher profits for your business. Now, the Government doesn’t impose strict rules on local people regarding the supply of coal. To start the business, you need to get the mining license, leases, or a composite license.
10. Charcoal Products Manufacturing
Nowadays, charcoal products are in demand. Many businesses have started manufacturing charcoal face packs, teeth whitening powder, and soap. Jharkhand is popular for the production of coal in the country. So, manufacturing charcoal products can be the best business idea for you.
11. Manufacturing of Batteries
If you want to start a medium to high-scale business in Jharkhand, then starting a battery manufacturing factory business is a good option for you. As we earlier wrote about the minerals that can be easily found in Jharkhand, Jharkhand is rich in graphite, and battery manufacturing needs graphite. As it is the main raw material for battery making.
12. Steel Products
As Jharkhand is rich in iron ore and magnetite, which helps in making utensils, things, storage boxes of steel, and many more, steel products. Steel products are mainly used in infrastructure such as Bridges, railings, railways, etc.
And also in vehicles like cars, trucks, cycles, etc. Steel products are always in high demand. So, manufacturing steel products will be the best business idea for you.
13. Glassmaking Business
Jharkhand is a mineral-rich state where you also find dolomite in high quantities. If you wish, you can also start glass glass-making business in Jharkhand. Glass is made up of different minerals, including limestone, dolomite, silica, and soda.
Nowadays, glass is very much in trend; people use glass items for decorating their homes, and also use glass gates to beautify their residential area.
14. Brick Making Business
Brick needs the mineral Dolomite in production, which is very high in Jharkhand. So you can take advantage of it and start a brick-making business; it is a low-to-high investment business.
15. Cement Making Business
Cement production needs bauxite mineral, which can easily be obtained in the Jharkhand state, and which is in high demand while making houses, offices, and other things. So, starting a cement-making business can give you good output.
16. Making Ornaments from The Silver
Jharkhand is rich in metal production, so it will be a great idea to make ornaments from silver. Indian women prefer to wear silver jewelry like anklets, rings, toe rings, etc. On every occasion like Diwali, Karwachauth, or any special puja, women love to decorate themselves with jewelry. You can start making designer ornaments from silver and start your business.
Final Words
These are some business ideas that one can easily start in Jharkhand by using the minerals and start producing with the benefit of the minerals.
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Thanks for sharing your info. I really appreciate your efforts and I will be waiting for your further post thank you once again.