Jharkhand is a state in eastern India that is rich in natural resources, cultural diversity and entrepreneurial potential. The state has a population of over 37 million people and a GDP of $45 billion. Jharkhand offers many opportunities for aspiring entrepreneurs who want to start or grow their businesses in various sectors. Here are 15 profitable business ideas that you can explore in Jharkhand in 2023.
Business Ideas in Jharkhand
1. Organic Farming and Agri-Processing
The state has favorable climatic conditions and fertile soil for growing various crops such as rice, wheat, maize, pulses, oilseeds, fruits and vegetables.
You can start an organic farming business that produces high-quality and chemical-free products for the local and national markets. You can also set up an agri-processing unit that adds value to the raw materials and creates processed foods, beverages, snacks, spices, etc.
2. Eco-Tourism and Adventure Sports
Jharkhand is blessed with scenic beauty and natural attractions such as waterfalls, forests, hills, lakes, wildlife sanctuaries and national parks. You can start an eco-tourism business that offers sustainable and responsible travel experiences to the tourists who visit the state.
You can also offer adventure sports such as trekking, camping, rafting, paragliding, rock climbing, etc. to attract thrill-seekers and nature lovers.
3. Handloom and Handicrafts
rich tradition and heritage of handloom and handicrafts. The state is famous for its silk, cotton, jute and woolen fabrics, as well as its tribal art, paintings, pottery, metalwork, bamboo work, etc.
You can start a handloom and handicrafts business that showcases the unique and diverse skills and products of the local artisans and craftsmen. You can also sell your products online or through exhibitions and fairs.
4. Renewable Energy Solutions
huge potential for renewable energy sources such as solar, wind, biomass and hydro power. The state has an installed capacity of over 2 GW of renewable energy and aims to increase it to 5 GW by 2025.
You can start a renewable energy solutions business that provides clean and affordable energy solutions to the rural and urban areas of the state. You can also offer services such as installation, maintenance, consulting and training.
5. Education and Skill Development
literacy rate of about 67% and a large young population that needs quality education and skill development opportunities. The state has several educational institutions such as universities, colleges, schools and vocational training centers.
You can start an education and skill development business that offers courses, programs, coaching, tutoring or mentoring services to the students and professionals who want to enhance their knowledge and skills. You can also leverage online platforms and technologies to reach a wider audience.
6. Healthcare Services
healthcare sector that is growing rapidly due to the increasing demand for medical services and facilities. The state has several hospitals, clinics, diagnostic centers, pharmacies and health camps.
You can start a healthcare services business that provides primary, secondary or tertiary care to the patients who need medical attention or treatment. You can also offer specialized services such as telemedicine, home care, wellness or preventive care.
7. Digital Marketing and E-commerce
digital sector that is expanding due to the rising internet penetration, smartphone usage and online consumption habits of the people. The state has several digital platforms such as websites, apps, social media channels and online marketplaces.
You can start a digital marketing and e-commerce business that helps other businesses or individuals to promote their products or services online or sell them through e-commerce platforms like OrderZ. You can also offer services such as web design, content creation, SEO, SMM, PPC or email marketing.
8. Food Processing and Agro-Based Industries
food processing sector that is developing due to the availability of raw materials, infrastructure and market demand. The state has several food processing units that produce dairy products, bakery products, confectionery products, meat products, beverages etc.
You can start a food processing or agro-based industry that processes or manufactures food products from agricultural produce or animal sources. You can also focus on niche segments such as organic food, health food or ethnic food.
9. Waste Management and Recycling
waste management sector that is emerging due to the increasing awareness about environmental issues and government regulations. The state generates about 4 thousand tons of solid waste per day and has several waste management facilities such as landfills, composting plants, incinerators etc.
You can start a waste management and recycling business that collects, transports, treats or disposes of the solid or liquid waste generated by the households, industries or institutions. You can also convert the waste into useful products such as biogas, compost, paper, plastic etc.
10. Mobile App Development
mobile app sector that is booming due to the growing popularity and utility of mobile applications for various purposes such as entertainment, education, communication, commerce, gaming etc.
The state has several mobile app developers who create innovative and user-friendly apps for different platforms such as Android, iOS or Windows.
You can start a mobile app development business that designs, develops and deploys mobile apps for various clients or sectors. You can also create your own app and monetize it through ads or in-app purchases.
11. Event Management and Wedding Planning
event management and wedding planning sector that is flourishing due to the increasing social and cultural activities and celebrations in the state. The state hosts several events such as festivals, fairs, concerts, exhibitions, conferences, seminars etc.
You can start an event management and wedding planning business that organizes and manages various events or weddings for different clients or occasions. You can also offer services such as venue selection, catering, decoration, entertainment, photography etc.
12. Fitness and Wellness Centers
fitness and wellness sector that is growing due to the rising health consciousness and lifestyle preferences of the people. The state has several fitness and wellness centers such as gyms, yoga studios, spas, salons etc.
You can start a fitness and wellness center that provides physical or mental fitness or wellness services to the customers who want to improve their health or appearance. You can also offer specialized services such as personal training, diet counseling, massage therapy etc.
13. Home Decor and Interior Design
home decor and interior design sector that is evolving due to the changing tastes and trends of the people. The state has several home decor and interior design shops that sell furniture, furnishings, accessories, art works etc.
You can start a home decor and interior design business that provides home decor or interior design products or services to the customers who want to beautify their homes or offices. You can also offer customized solutions based on the customer’s budget, style or theme.
14. IT Consulting and Software Development
IT consulting and software development sector that is advancing due to the increasing demand for IT solutions and services from various sectors such as government, education, healthcare, banking etc.
The state has several IT consulting and software development firms that provide IT consulting or software development services such as system analysis, design, development, testing, maintenance etc.
You can start an IT consulting and software development business that provides IT consulting or software development services to various clients or sectors. You can also specialize in specific domains such as web development, mobile development, cloud computing etc.
15. Personalized Tourism Services
personalized tourism sector that is emerging due to the increasing preference for customized and personalized travel experiences by the tourists who visit the state.
The state has several personalized tourism service providers who offer personalized tourism services such as itinerary planning, accommodation booking, transportation arrangement, guide service etc.
You can start a personalized tourism service business that offers personalized tourism services to the tourists who visit the state. You can also cater to specific segments such as solo travelers, family travelers or adventure travelers.
Conclusion
Jharkhand is a state that offers many opportunities for entrepreneurs who want to start or grow their businesses in various sectors. The state has a supportive government policy, a conducive business environment and a large consumer base.
If you have a passion, a skill or an idea, you can explore any of these 15 profitable business ideas in Jharkhand in 2023.
