Top 10 Profitable Small Business ideas in Kashmir
The challenging rate of unemployment concerns the people of Jammu and Kashmir more than anything. People are highly talented and educated, but there are no jobs to help them make a living, forget about career opportunities. People are more responsible for making it happen than governments.
It is common to find in Kashmir that people crave more for government jobs. They need to remember that not all are lucky to get government jobs. If unemployment or joblessness is to be curbed, entrepreneurship is the best way to deal with it in the valley. Here are ten profitable small business opportunities to launch your business in Kashmir.
In a study, Startup Kashmir reveals that the agriculture sector contributes around 23% of the total GDP of Jammu & Kashmir. However, it lacks an adequately organized structure, and people don’t show the required interest to work in it. The local agriculture industry requires sufficient development so that the massive outflow of money for imports could be restrained.
There is no need to import potatoes, rice, onions, mushrooms, strawberry, etc., as Kashmir has good mineral-rich soil that supports these vegetables’ cultivation. There is also great potential for the food processing industry to ensure the transformation of locally grown vegetables, cereals, dry fruits, etc., into value-added products.
The milk production also awaits serious entrepreneurial attention in Kashmir as there are a limited number of dairy farms to fulfil the entire local demand for quality milk.
Even the mass production of Zam Zam and several other local brands isn’t sufficient to fulfil the demand and supply gap in city areas of Anantnag, Pulwama, Srinagar, and other districts. Your requirements to open a dairy farm include a cowshed and high milk yielding cows.
The milk isn’t the only output of your dairy farm, and you would also want to sell butter and curd products to your local market constituted by a large number of households, restaurants, and hotels in the cities of Kashmir.
While local consumption of poultry meat and eggs is high, production is weak in Kashmir. The valley imports poultry worth crores of rupees from other states. The local entrepreneurs can help avoid such a massive outflow of money to other states by launching their poultry farms in Kashmir itself.
The recycling sector hasn’t so far received the full entrepreneurial action in Kashmir. There is an urgent need for more recycling collection centres and other allied businesses to solve millions of rupees worth trash in the valley.
The large quantities of discarded paper, plastic, aluminium cans, copper, metal scraps, ink cartridge, etc littering local households, and commercial establishments can be collected and dispatched to recycling plants for profits in Kashmir.
There are many local retailers, restaurants, hotels, and other enterprises that need the help of professionals to capitalize on the growing preference for online shopping in Kashmir.
If you have a healthy digital marketing experience, you can offer them various digital marketing services such as SEO, SEM, and SMO services as required by their businesses.
The vast market of computer users encompassing individuals, banks, government departments, and educational institutes need timely computer support services in Kashmir.
Keeping that in mind, it is a good idea to launch your own computer repair business if you have skills for diagnosing, troubleshooting and fixing problematic computers.
Web design and development
Kashmir has seen a constant increase in the use of the internet as a means to access information about jobs, online shopping, educational materials, etc. over the years. As a result, local business establishments, universities, colleges, and even schools are under a lot of pressure to create and connect with them through web portals. It is a great opportunity for experienced web developers to launch their web design businesses.
The travel and tourism industry is a crucial driver for the Kashmir’s economy as it employs somewhere around 30% population of the valley. The valley witnessed more than a million tourist visits each year, and their number is increasing with time.
The arrival of tourists in Kashmir fosters the need for having businesses that serve their food, accommodation, recreation, and transport needs. You can launch a tour guide business, a restaurant where they eat food, hotels where they stay, cab service to travel from one destination to another and several other allied companies.
The annual consumption for mutton in Kashmir is over 60000 tonnes. The local mutton production is around 40000 tonnes a year, and the remaining 20000 is imported from outside the valley. The imported portion of mutton can be replaced with local produce by opening sheep farms across Kashmir.