Jaipur is among one of the fastest-growing industrial hubs in the country. Moreover, the fourth industrial policy of the state(1998), has made Jaipur more favorable for setting up industries.
The policy has envisaged an attractive package of incentives to industries, which inter alia included sales tax exemption/ deferment, interest subsidy, octroi exemption, DG subsidy, subsidy for agro-based units, incentives for quality certification, reduction in stamp duty, special scheme including interest subsidy and exemption from entertainment tax for amusement parks/cinemas/hotels, simplification of land conversion and exemption of land and building tax. (Read More – http://laghu-udyog.gov.in/policies/state/rajasthan/iprajasthan.htm)
Jaipur is home to a lot of industries like Auto & auto components, mining & minerals, cement, IT & ITeS, Textile, Agro-based industries, Chemicals, Steel, Ceramics, Gems & Jewellery, Marble, Handicraft, Energy, etc. However, to start a new business, one must take into consideration the saturation in the market and rise/fall of the product/service demand in the coming future.
What comes in more handy about Jaipur are the ample residential locations associated with nearby commercial regions. Jagatpura, a prominent residential cum commercial area situated in the south eastern periphery of Jaipur is in close proximity to employment hubs like Malviya Nagar Industrial Area and Sitapura Industrial Area while Vaishali nagar & vaishali extension are the residential areas close to the heart of the city and perfect spots for living close to work. Setting up work in Jaipur is as full of opportunities as it could be with the richness in lifestyle and the shimmers of the city and residing here is equally fun. From owning a residence near Chokhi Dhani on Tonk road, a hub for tourists to living near Mahindra SEZ, the multi-industry Special Economic Zone, Jaipur city has got it all to hand out to you.
In-Blog Image – Ashiana Umang
Nine business ideas that can be started in Jaipur in the present-day are-
It might sound a bit weird, but for a state like Rajasthan, this can be one of the most profitable businesses, due to the high availability of minerals in the state. The only barrier is the market hold by top brands, however, starting off with small scale production and wise marketing, soap manufacturing can become a really successful venture.
Jaipur has always been rich in tourism, and there are already thousands of photographers around the city but that does not mean that the business is saturated. There’s always a demand for good photographs, be it calendars, or bloggers, or travel agencies, pictures are required by all, and in a location like Jaipur, there are never enough photographs.
Most tourists these days prefer homestays over hotels, homestays are mainly cheaper than hotels and yet provide a more culturally rich staying experience to the tourists. Homestays require much less capital expense than a hotel, and hence, prove to be a profitable business idea.
Jaipur is one of the fastest-growing industrial hubs of India. Multiple domain industries have been set-up in the city and many more continue. As a result, online shopping for goods has increased exponentially. In such a scenario, a warehouse is always in demand, all it requires is some extra space, and you’re good to rent it as a warehouse for e-commerce websites.
In a culturally rich city like Jaipur, travel blogging can be highly successful. Moreover, the whole state of Rajasthan attracts a lot of tourism, and Jaipur is the capital of the state, making it easier to travel to everywhere else in the state and blog about the location.
15% of India’s export comprises of Gems & Jewellery, and most of the precious stones come from Rajasthan. A small scale Jewellery designing business and Jewellery Designing Classes can be highly profitable in the state, with less capital investment and considerable knowledge of Jewellery and precious stones, it can be a highly successful venture.
With the growing population and heavy tourism, automobile industry always remains at an all-time high in the region. More automobiles, more vehicles on the road directly mean more service requirement. Hence, automobile service is a profitable business. Moreover, spare parts can also be sold to nearby automobile industries in Bhiwadi region.
Pet Cafes or Pet Sitting have become popular in the cities these days. Such businesses are not only profitable but provide pet owners with a place where they, and their pets can relax and helps towards building a community of like minded people
Lately, Jaipur has been emerging as one of the leading Startup-hubs of the country. With popular startups like – CarDekho, Voylla, Instacash, Tax2Win, Indibni, Lexcart, etc. it has given a platform to new-age entrepreneurs, and the Rajasthan Government has come up with schemes benefitting the startup culture in the city.
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