Top 10 Profitable Small Business ideas in Kashmir
If you want to start a business in Kashmir, right here are top 10, in fact, the most profitable small business ideas for you:
Kashmir, the part of North Indian state Jammu and Kashmir, is popularly known as paradise on earth. Three regions that make up the state includes Jammu, Kashmir, and Ladakh which is almost 409 km away from Srinagar.
The challenging unemployment rate is one of the serious concerns for the people of Kashmir. Had it been managed by elders of the valley in earlier years, the worst unemployment scenario that youth of Kashmir face today possibly would not have arisen.
Even today, it is sad to find that most people living in Kashmir still haven’t shunned the mindset that advocates running after govt jobs while on the other hand ruling governments don’t seem to be showing seriousness towards directing district industry centers to provide timely financial support to the aspiring entrepreneurs of Kashmir.
My dream of becoming an entrepreneur hasn’t come true as a result of the corrupt staff taking charge of district industries Kulgam, a South Kashmir district, said an aspiring Kashmiri entrepreneur while expressing his painful story.
The local government needs to ensure that the talent and passion of such youth shouldn’t be wasted by providing them financial support on time.
Here are 10 best opportunities to help the local youth start a small business in Kashmir:
1. Agriculture business
A study carried out by Startup Kashmir indicates that the agricultural sector alone contributes around 23% towards the GDP of Jammu and Kashmir. However, unfortunately, the sector still remains in an unorganized form and largely an uninterested area.
Entrepreneurs can create countless jobs for unemployed youth while bringing further development to the agriculture sector of Kashmir.
Kashmir, being a region situated on high altitude and having the presence of mineral-rich soil, there is arguably a great potential in the following agriculture and farming related niches:
- Potato cultivation
- Onion cultivation
- Potato seeds
- Mushroom cultivation
- Saffron cultivation
- Vegetable Seeds
- Cut flowers
- Apple orchards
- Strawberry cultivation
Particularly potato, onion, mushroom, and strawberry are imported in large quantities from other states. What Kashmiri entrepreneurs can do is to stop such a huge outflow of money while growing locally, advocates Startup Kashmir.
2. Dairy farming business
Kashmir even imports huge quantities of milk from outside. While Zam Zam Dairy and other local brands have already taken measures but not enough to fulfill large gaps in quality milk supply in most urban areas of Kashmir, hence inviting serious entrepreneurial attention.
3. Butter and curd production
Beyond milk, there is also a huge local market constituting households, restaurants, hotels, etc for butter and curd products in Kashmir.
4. Poultry farming business
The local consumption of poultry is high but production is very weak in Kashmir, hence, allowing a huge outflow of money to other states. The local entrepreneurs can stop that to happen while opening more poultry farming units in Kashmir.
5. Recycling business
Recycling sector is yet to receive full entrepreneurial focus in Kashmir. Despite the presence of many local recycling collection centers in the valley, there are large quantities of discarded paper, plastic, aluminum cans, metal scraps, etc that await efforts of local entrepreneurs. You can make money while selling such recyclables to recycling plants.
6. E-commerce solutions
A large number of local retailers, restaurants, hotels, and enterprises that operate in other fields are in need of professionals who can help them capitalize on the growing trend of online shopping.
How as an e-commerce professional you can offer help is by creating various e-commerce solutions such as online portals, virtual shopping carts, SEO, SEM and SMO services, etc as required by their businesses.
7. Computer support services
Individuals who own computers, banks, government, and educational institutes constitute potential target markets for computer support services that involve diagnosing, troubleshooting and repairing problematic computer devices in Kashmir.
8. Web design and development
The use of the internet as a means to access information about jobs, shop online, learn about educational notifications is constantly increasing in Kashmir, thus, making it very important for business establishments, educational institutions like universities, colleges, schools etc to create web portals and we are sure that Kashmir has no shortage of youth that can provide web design & development services.
9. Tourism-related business
Tourism is a major industry in Kashmir, providing somewhere around 30% employment to the local population. For your information, more than a million tourists visit Kashmir every year and their number keeps on increasing with each passing year.
We know that more the tourist inflow, more money to rush into the economy of Kashmir through their spending on restaurants, hotels, transport and on many more things. Read more
10. Sheep farming business
The local population in Kashmir consumes around 51, 000 tonnes of mutton annually, claims Startup Kashmir. Nearly 21, 000 tonnes are imported from outside the state. What it means is that local entrepreneurs can replace imported mutton quantity with local produce while opening sheep farm units across Kashmir.