17 Best Startup Books You Should Read | Start Your Own Industry in Booming Sectors

Categories

If you’ve ever dreamed of launching your own industrial venture, there’s no better time than now. As the global economy undergoes rapid technological and social transformations, several booming sectors are emerging with high profitability, scalability, and future-proof potential. Start Your Own Industry in Booming Sectors not only offers financial rewards but also provides long-term sustainability and growth.

The concept to start your own industry in booming sectors is not limited to large corporations anymore. With government support for MSMEs, access to digital platforms, and industry-specific automation tools, even small and medium enterprises can establish production units in areas like green energy, food processing, health tech, and smart packaging. This article explores top-performing industries you can enter and offers key guidance to help you launch successfully.

Visit Our Bookstore: BOOKS & DATABASES

Why Start Your Own Industry in Booming Sectors?

Starting your own industry in booming sectors gives you a competitive edge because you are building in areas with growing demand, consumer shift, and government incentives. These industries are not only resilient in uncertain economic times but also poised for long-term growth due to innovation, policy support, and evolving consumer behavior.

Download PDF: 17 Best Startup Books You Should Read | Start Your Own Industry in Booming Sectors

Top 10 Booming Sectors to Start Your Own Industry

1. Renewable Energy and Solar Panel Manufacturing

The shift toward sustainable energy is global. India alone aims to reach 500 GW of non-fossil fuel capacity by 2030. Entrepreneurs can invest in:

Solar panel assembly
Solar inverter production
Battery storage systems

Initial investment: ?25–50 lakhs
ROI period: 2–3 years

2. EV Components and Charging Infrastructure

As electric vehicles (EVs) gain momentum, there’s a parallel rise in demand for EV parts and accessories like:

EV batteries
Motors and controllers
Charging station installation

Startup cost: ?10–30 lakhs
Growth potential: Extremely high till 2035 and beyond

3. Packaged Food and Ready-to-Eat Meals

Urbanization and busy lifestyles have fueled demand for packaged, hygienic, and instant food options. You can start units for:

Instant snacks and namkeens
Frozen parathas, curries
Millets-based products

FSSAI compliance is crucial in this segment.

4. Biodegradable Packaging and Tableware

With single-use plastics being phased out globally, biodegradable packaging made from sugarcane bagasse, corn starch, or bamboo pulp is booming. Manufacture:

Plates, bowls, containers
Paper straws
Eco-friendly shopping bags

This aligns well with ESG and sustainability goals.

5. Ayurvedic and Herbal Products Manufacturing

India’s ancient wellness knowledge is becoming a global business. You can manufacture:

Herbal supplements
Skincare and haircare
Immunity-boosting tonics

Initial setup can start from ?7–15 lakhs with access to medicinal herb supply chains.

6. Smart Home Appliances and IoT Devices

This sector is ideal if you have tech expertise. With smart living gaining popularity, there’s demand for:

Smart lighting and thermostats
Voice-activated home gadgets
IoT security devices

Investment is high-tech but returns are premium with export potential.

7. Health and Diagnostic Devices Manufacturing

India’s health sector is growing at 20% CAGR post-COVID. MSMEs can manufacture:

Blood pressure monitors
Glucose meters
Digital thermometers

Demand is increasing in both urban and rural healthcare centers.

8. Water Purification and Wastewater Treatment Units

Water scarcity and pollution issues have created a huge market for:

RO purifier systems
Industrial effluent treatment plants
Rainwater harvesting devices

Ideal for industrial hubs and export markets in Africa and Southeast Asia.

9. Organic Fertilizers and Bio-Pesticides

Agritech and sustainable farming are growing. You can start an industry producing:

Vermicompost
Bio-fungicides
Seaweed-based fertilizers

Supported by Agri Startups and NABARD schemes.

10. 3D Printing and Customized Manufacturing

From automotive to medical devices, 3D printing is becoming a revolutionary production model. Industries can explore:

Prosthetics
Automobile prototypes
Architectural models

Low labor, high precision, and minimal inventory make this sector future-proof.

Steps to Start Your Own Industry

Step 1: Choose the Right Sector

Assess your expertise, budget, and long-term goals. The booming sectors listed above offer different ROI periods, tech requirements, and market scalability.

Step 2: Prepare a Feasibility Report

This includes:

Market demand analysis
Competitor benchmarking
Raw material sourcing
Profit and break-even estimates

A detailed DPR (Detailed Project Report) will help you get funding and approvals.

Click here to send your queries/Contact Us

Step 3: Register and Get Required Licenses

Common registrations include:

MSME/Udyam Registration
GST and PAN
Pollution clearance (if applicable)
BIS/FSSAI certifications
Factory License

Step 4: Arrange Capital and Funding

Sources include:

Bank loans under CGTMSE
Mudra Loans for MSMEs
SIDBI assistance
Venture capital (for tech sectors)
Government subsidies in priority sectors

Step 5: Procure Machinery and Start Production

Choose semi-automated or fully-automated machinery based on scale. Partner with local manufacturers or importers for cost-effective procurement.

Step 6: Build a Marketing and Distribution Network

Target both B2B (distributors, wholesalers) and B2C (direct retail, e-commerce) depending on the product. For international markets, explore:

Amazon Global
Alibaba
Export Promotion Councils

Government Schemes to Support New Industries

Scheme	Sector Targeted	Support Offered
Production Linked Incentive (PLI)	EVs, Solar, Electronics	Cash incentives, tax breaks
PMEGP	All MSMEs	?10–25 lakh funding
Start-Up India	Tech, Agri, Biotech	Seed funding, tax exemption
SFURTI (Khadi/Organic)	Rural & Tribal Clusters	Infrastructure grants

Conclusion

To start your own industry in booming sectors, you don’t need to reinvent the wheel—you just need to pick the right opportunity, create value, and scale smartly. With strong government backing, tech tools, and global market demand, now is the perfect time to turn your entrepreneurial dream into a thriving industrial business.

Need a Business Idea? Here are useful books for startups

Niir Project Consultancy Services (NPCS) can provide project reports. The report covers – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics. The project report provided by NPCS gives a detailed market review. The report analyses the market confirms the availability of various necessities such as plant & machinery, raw materials and tells about the forecasting financial requirements. A lot of professionals have taken benefit from the project reports if you are interested in the manufacturing business, get in contact with us from the official website of NPCS.

See More Links: