Due to the strategic geographical location of West Bengal, the city of Kolkata has numerous opportunities in terms of business prospects. Does it have access to land, air and water connectivity?
West Bengal presents the main market for northern states, and trades with the nearby countries of Nepa, Bhutan, Bangladesh, Myanmar and a number of southeast Asian countries.
Kolkata is awarded as the third most productive metropolitan city in India. Major sectors that contribute towards its economic growth include the agricultural sector, food processing, textiles, jute, electronics, medicines, steel, minerals, plastic, tanning industry, etc.
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Kolkata is known for its good quality weaving art. These businesses attract customers from across countries and states. Popular sarees of Kolkata are famous in countries like Nepal, Bhutan, and Bangladesh. There are varieties of fabrics available with intricately woven distinct material.
Tant cotton sarees are produced in large numbers in Kolkata. Kolkata is known for its exquisite Tant. Other varieties of sarees include Baluchari saree, silk saree, Muslim saree, Koral saree, Tussar silk saree, Kantha embroidered saree, Murshidabad silk, Garad silk saree, Jamdani saree. These sarees especially filled the wardrobe of Bengal beauty.
This is the best business in Kolkata. More and more people are starting saree business ideas in Kolkata because it is quite profitable and the availability of weaving clusters in the city.
Fish is the staple food of Kolkata. West Bengal is the highest consumer of the fishery. The demand for fish always remains high in the city. According to studies it has been reported that Kolkata is the largest fish producing state, producing about 20% of the total fish production in the Country.
This is the best business in Kolkata given that the state is blessed with all the natural conditions required for the flourishing riverine fish industry like the presence of Sunderbans, water availability and climatic conditions. The Government of West Bengal made many initiatives for improving the level of fish rearing.
These initiatives are bearing fruitful results making it lucrative, best business ideas in Kolkata with low investment. It has become all the more successful business ideas in Kolkata because the demand for fish is not only high in the city’s retail state but a gateway for adjoining North-Eastern states and adjoining countries like Bhutan, Nepal, and Bangladesh.
Fish hatcheries work towards the production of seeds to supplement the natural number of fish species. The setting up fish hatcheries has grown over a period because of the rising demand for fish and the initiative of the government to increase fish farming.
The city has no dearth of water bodies for pisciculture. These water bodies are leased out the aspiring entrepreneurs. This Aquaculture and marine culture have also contributed towards the demand for modern hatcheries to produce high-quality seeds.
Fish farming involves the production of species like catfish, tilapia, salmon, etc that have a huge demand in foreign countries. Thus, the city is offering hatchery business as new business ideas in Kolkata.
Kolkata besides having all the natural advantages, supporting its fish production industry, no matter that the city is amongst the largest producer of fish in the country, this dividend might turn into a disaster if the city doesn’t have a proper cold storage transportation facility.
Fish is a perishable product that requires a freezer facility to extend its shelf life. Without a cold storage facility, that city won’t be able to utilize the full potential of its fish industry.
The efficient cold storage fridge transportation facility is required from the place of the fish port to the processing units or to the market area.
You can also provide cold storage transportation services to the people and earn a huge deal out of it in Kolkata. Cold storage freezer facility is also in high demand by fruits and vegetable producers.
Kolkata excelled in the production capacity of Jute cash crops. Jute is a biodegradable product. Jute is used in the production of jute bags, carrying sacks, carpets, ropes, etc. The growing environmental concerns have led to the growing use of jute.
Usage of jute is advocated by the international community such as UNESCO and the government of India also mandated the use of jute for carrying grains, agriculture crops, sugar, vegetable, wheat, maida, rice, bazra, etc.
You can also think of making bags that have huge demand backed by the government and environment-conscious citizens. These offer successful business ideas in Kolkata.
Enormous Fish production in the city has led to the setting up many processing units of fish species like pomfret fish, basa fish, magur fish, seer fish, betta fish, mackerel fish, ribbon fish, reef codfish, sea bream fish, Catla fish, etc. Prawns, shrimp, mud crabs have a huge demand in the foreign market.
This has boosted the establishment of many processing units. This is the new business ideas in Kolkata that is taking shape. You can be benefited a lot given the government supports and schemes dedicated to improving and encouraging this sector.
Business for Local Cities and States:
Specialties of Kolkata include Rosogolla, Ras malai, Pantua, Chom Chom, Darvesh, sweet Sandesh and Payesh, etc. In the busy streets of Kolkata, it’s a common sight to see a crowd of people lining up for these items.
The consumers of these dishes are not only locals but people from all over the country come to this place to enjoy these mouth-watering specialties. You can run a sweet restaurant. It is a highly profitable business venture.
You can start these business ideas in Kolkata with low capital investment.
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If you have the knowledge and experience then you can engage in the manufacturing of leather products. The products range from wallets, belts, shoes, purse, caps, covers for phone and books, bags for laptops, travel bags, cardholders, leather handicrafts, etc.
Do you know that the state of West Bengal is the second largest tanning industry in the country? It is not necessary that you have to have huge capital investment, no; you can set up a small tannery.
The government is also encouraging the tanneries growth in Kolkata by incentivizing the already existing and aspiring entrepreneurs. Incentives include remission of registration fees, a respite from stamp-duty, the assistance of capital and cash incentives, etc.
There are also many training centers that are set up in Kolkata for safer, efficient and high-quality leather production. All this is being done to develop the tanning industry.
It is to be noted that the state register export of leather and leather goods of around 50% of the total export done collectively by the country. The city has huge potential in these new business ideas in Kolkata.
Among the historians across the world, Kolkata holds a special significance. Kolkata receives major foreign tourist footfall because of its iconic historical past.
For 150 years, the city of Kolkata remained the capital city of British India. The journey of 150 years houses in itself the establishment of magnificent architecture.
Also, the people belonging to Hinduism faith come her to offers their respect to deities and the festival of Durga Puja attracts people from all over the country. You can offer your transportation, guide services to familiarize them with the history, art, and culture of the city. These are the best business ideas in Kolkata with low investment.
The aforementioned is the best business in Kolkata.
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