Evinced by the significant contribution that the state of Rajasthan makes towards the country’s economic growth and development, very well entails the proliferation of new business ideas in Rajasthan.
11 most profitable business ideas in Rajasthan that can be started with decent capital investment.
Rajasthan carries forward the rich, exquisite age-old legacy of past antiquity which makes its appearance in the present-day handicrafts. It offers various business opportunities in Rajasthan.
The state offers distinct and uniquely crafted art that has exceptional appeal in the market these include terracotta toys and sculptures, bangles, jewelry, decorative material made from ivory, meenakari on glasses, lac work on bangles and wooden toys, thewa art, etc. The handicraft business ideas in Rajasthan get a robust spin-off because of significant inland and foreign tourist inflow.
2. Textile business
The state of Rajasthan is home to many traditional wells established and technologically advanced textile mills. Fabric that is produced in Rajasthan has an overarching demand both in the domestic and international markets due to its distinctive and exclusivity of fabric belonging to Rajasthan.
You can also open up a small scale business in Rajasthan of textile mill for manufacturing variety of fabrics like silk, cotton, cotton jersey, jacquard, linen, velvet, georgette, crepes, chiffon, etc integrated with zari work, gota work, appliqué work, hand block print, tie and dye print, Kota Duria, sanganeri print, dabu print, etc.
You can easily operate these business ideas in Rajasthan because of the availability of a skilled and talented workforce and a robust supply chain.
3. Music academy
Music acts as the oxygen of any dance form. For any dance form to be impactful, it has to be accompanied by music. Especially, in the state of Rajasthan, folk classical music is the soul of their performance.
More importantly, it is the musical instruments that form the indispensable part of full-fledged musical performance such as been, shehnai, dhol, nagaras, ektara, tarpi, sarangi, jantar, etc.
These days music academy offers profits and new business ideas in Rajasthan attributes to the growing interest of youth for folk music.
4. Neem oil production
Rajasthan provides conducive climatic conditions for the growth of the neem tree. Neem tree is a source of many business opportunities in Rajasthan. The applications of neem oil are diverse. It is used as a pest killer helping in protecting agricultural crops, it is used in the production of many beauty-care products due to much natural skincare quality.
Also, there is exponential demand for neem coated urea in the international market that makes these business ideas in Rajasthan, profitable business venture.
It’s a common sight in Rajasthan to see strewn bustling streets with long queues of customers mushrooming around food stalls and flooded restaurants.
You can open a restaurant offering core Rajasthani food specialties along with this you can offer continental cuisines, Chinese, Italian or other cuisines. Determine your restaurant location depending upon the tourist footfall. This small scale business in Rajasthan can be started with low-capital investment.
6. Automobile Repair Services
The increasing demand for automobiles, end up in splashing demand for automobiles repair and maintenance services. Every day thousands of automobiles enter the garage for one reason or the other.
It is a small business in Rajasthan with huge profit margins. In order to target more and more potential customers, you can set up your store near petrol pumps. You can make a significant sum of money with these business ideas in Rajasthan.
7. Tourism Business
The tourism sector has made a significant contribution to Rajasthan’s economy. As ascertained by the thriving tourism sector of Rajasthan, the state has succeeded in providing physical pleasure and psychologically enthralled experience to its tourist. This is the reason that the state receives lakhs of tourists every year.
In 2017, the state had an inflow of 16.1 million foreign tourists and 45.92 million inland tourists. The sectors offer a wide range of business opportunities in Rajasthan like many journeys hassle-free by booking tickets, booking accommodation, taxi services, tour guides, organizing entertainment events, etc.
8. Jewelry business
Rajasthan has a rich and prosperous jewelry market including synthetic jewelry, gold jewelry, precious and semi-precious stones, pearls, and diamond.
There is huge scope for setting up jewelry processing units for gemstone cutting, polishing of diamond, and precious stones. Thewa art is exceptionally famous.
You can start a jewellery factory easily in Rajasthan with its competently talented pool of available workforce. These business opportunities in Rajasthan promise huge returns.
9. Interior Designer
Changing lifestyles and modernization have necessitated the demand for an interior designer. With India expected to become the third-largest construction country in the world in the coming decade, the career prospects of an interior designer remain positive and alluring.
Houses, workplaces, offices, hotels, or anything that requires construction, promises interior designer prosperous business opportunities in Rajasthan. To become an interior designer, you need to have adequate qualifications, should have the knack of designs, creativity, and interpersonal skills
10. Garment Business
The rapid urbanization, changing lifestyle, increasing disposable income, and consumerism have widened the ready-made garment needs. Changing trends and arrival of new fashion every now and then has contributed towards the growth of these business ideas in Rajasthan. The proliferation of e-commerce platforms has also led to the splashing growth of the garment business.
You can deal in men-boys apparel, kids apparel, women-girls’ apparel, sportswear, and any other clothing option. These business opportunities in Rajasthan require decent capital, labor force to start with, and for the smooth running of business operations set up a robust raw material supply chain.
11. Dance Academy
The air of Rajasthan is trenched with deep-rooted traditional folk dance forms to which Rajasthani attaches huge aesthetic value. These age-old dance forms are acknowledged in the international community. Kalbelia is one such dance forms that received UNESCO accreditation of ‘Intangible Cultural Heritage’.
There are many other dance forms like Ghoomer, bhavai dance, pot dance, dandia, kachhi ghodi, terah taal, etc. The increasing interest of youth in classical dance forms and growing public exposures for dance acknowledgment has spurred the growth of dance academy. You can open up a dance academy with a low-cost investment or from your workplace.
These are some of the new business ideas in Rajasthan that can earn you a highly profitable income with low-cost investment.