Home Business 19 Best Business Ideas In Punjab For 2023 • EarnKaro

19 Best Business Ideas In Punjab For 2023 • EarnKaro

by PoonitRathore
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Punjab, the land of five rivers, is a state in the western part of India known for its cultural, historical, and economic importance. The home to most of the Indian Sikh community, Punjab is the 16th largest state in the country by area. The state is world-known for locations like Harmandir Sahib (Golden Temple), Wagah Border, Jallianwala Bagh, and much more. The most important factor in Punjab’s GDP is agriculture. The state makes up a large proportion of crops and pulses provided throughout India. However, in 2022, Punjab holds strength in creating many businesses and is not just bound to agriculture. Today, we will discuss why Punjab is a great place for startups and which can be the best business for you to earn maximum profits at minimum investment. So, let us begin!

Key Insights of Punjab

Map of Punjab
Map of Punjab
Capital Chandigarh
State Rank 20th in India
Official Languages Punjabi
Total Population 27,743,338
Punjab GDP US$87 billion
Official Website https://punjab.gov.in/
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List of Top 19 Business Ideas in Punjab

1. Affiliate Marketing

Affiliate marketing
Affiliate Marketing

Affiliate Marketing is a widely known online business in India, and Punjab is no different. Affiliate Marketing is the newest technique of marketing that involves collaboration in which a marketer is paid for increasing the sales of an online retailer. The marketer uses platforms like YouTube, Instagram, LinkedIn, Facebook, etc., to create content and build an audience. Affiliate marketing is a great business as it provides the flexibility of time and work, unlimited earning potential, and requires no minimum education requirement. You could even be a student and create a successful affiliate marketing business for yourself.

2. Agriculture

Farm
Farm

Known to be an agricultural economy for decades, Punjab still holds up to this name in 2022. The state, also known as the ‘Breadbasket of India,’ provides more than 17% of total wheat production in the country. Punjab comes under the northern plains belt and is known for its rich, nutritious alluvial soil that supports the production of wheat, maize, paddy, potatoes, sugarcane, cotton, and pulses. People with a certain amount of land can start growing crops easily in any part of Punjab. You can also seek organic farming (growing crops without chemicals and pesticides) due to an uptick in demand and lesser supply.

3. Dairy Farming

Dairy products
Dairy products

It looks like we keep coming back to rural Punjab. Dairy farming has always been a good business for many natives of the region. People love to own different milk-bearing animals, mainly buffaloes, to create nutritious products for themselves and the market. If you are someone with a practical experience in animal husbandry, you can venture into dairy farming and provide products like milk, ghee, paneer, curd, etc. Looking to start a business in Gujarat? Check out our guide where we have featured the best business ideas in Gujarat.

4. Tourism

illustration describing tourism
illustration describing tourism

As we mentioned above, some of India’s most important cultural locations are present in Punjab. With locations like Amritsar, Pathankot, Chandigarh, Mohali, Ludhiana & Jalandhar, Punjab makes for a great vacation spot for Indians and foreigners. Entrepreneurs can build tourist agencies, hotels, restaurants, etc., and take advantage of the large number of monuments, parks, temples, and local cuisine that Punjab provides.

5. Woolen Industry

Woolen balls
Woollen balls

For those who do not know, locations like Ludhiana, Dhariwal, Kharar, and Amritsar are known for their woollen garment industry. 40% (highest) of all wool processing units in India are present in Punjab. With the intense winters that northern India experiences, the woollen industry offers a great opportunity for entrepreneurs in Punjab due to the state’s unique geographical presence. You can process wool, produce garments, carpets, or export products across the world.

Business Ideas for Other States:

6. Storage Units

Storage warehouse
Storage warehouse

With the large number of products that Punjab provides every year, it is impossible to consume all these products at once, making storage units more important in the region. You can set up cold storage units to store perishable items like vegetables and fruits or build traditional godowns to store other products like wool and cotton.

7. Transport Business

View of a truck stand
View of a truck stand

Punjabi industrialists and farmers require many trucks and tractors to carry raw materials and final products in and out of the state. Even though they have existed for a long time, transport businesses are still a good bet to success. You can create a network of vehicles and drivers and provide transportation services throughout India or within the state itself.

8. Seed Production

farmer planting seed
farmer planting seed

Seeds are the very first requirement for a good crop. Punjab not only produces high-grade agricultural products but is also known to produce seeds sent to different parts of the nation. Paddy, Maize & Cotton are the most famous crop seeds around the state. Development, Packaging, Processing, etc., are some fields you can venture into regarding seed production.

9. Digital Marketing

Digital Marketing Illustration
Digital Marketing Illustration

Just like any other state in India, Digital Marketing can be a great moneymaker in Punjab as well. It involves providing different marketing services to your clients including social media management, content creation, SEO, content marketing, affiliate marketing, and much more. Anyone can learn Digital Marketing by watching the free courses available on the internet and can start making money by providing different services to their clients from the comfort of their homes. Digital Marketing can be done with practically zero investment.

10. Reselling

Reselling involves buying products from wholesalers and suppliers with the intention of selling them further at a margin or for a commission. Reselling can be a major business in Punjab which has a population of more than 2.8 crore Indian citizens. Resellers can deal in fashion, food, books, automobiles, and much more depending on their investment potential.

11. Event Management

Punjab is a state of people who love to celebrate different occasions. Event management involves everything ranging from location scouting, catering, photography, people management, accommodation, etc. for different programs including weddings, birthday parties, anniversaries, etc. Cities like Chandigarh & Amritsar can be great markets for event managers.

12. Bed & Breakfast

Bed & Breakfasts provide a familiar, home-like stay to people even when they are away from their homes. People who have extra room in their houses can provide a B&B experience to tourists. According to the latest statistics, Punjab was the chosen tourist destination for more than 2.9 crore people in 2021. People can list their B&Bs on different online platforms to bring bookings and a good income without putting much investment into the venture. Top locations for a B&B include Jalandhar, Amritsar, Ludhiana, Chandigarh, Pathankot, and Patiala.

13. Bakery

Bakery
Bakery

People from Punjab are famous for their love of food. The food business is one sector that is essentially recession-proof in Punjab. Bakers can sell gourmet dishes like gluten-free cakes, vegan cookies, keto cakes, etc. while also serving the general public through conventional baked items like cakes, pastries, and cookies. Do not forget to set up an internet store for your bakery so that you can serve the entire city instead of just your neighbourhood.

14. Sports Equipment Manufacturing

Punjab has been the home to several sports stars who have represented their state and India on different national and international levels. To facilitate the development of the sports industry in Punjab, entrepreneurs can think about manufacturing sports equipment and selling them throughout the country. Basketball, Cricket, Football, Badminton, and Tennis can provide major income to entrepreneurs in return for their investment.

15. Online Tutoring

Online Tutoring
Online Tutoring

Punjab is one of the most literate states in India with a literacy rate of 75.84%. Offering online tutoring can provide great income without putting much investment into your business. You can also venture into providing specialized courses for particular niches if you have expertise in a certain field. Use platforms like Udemy & Skillshare to publish your courses.

16. Lease Farm Equipment

As we mentioned above, a good percentage of Punjab’s population is dependent on agriculture for their livelihood. Agriculture in 2023 requires high-quality equipment for the best output in a cropping season. Entrepreneurs can put some investment into their business to buy equipment for different purposes like seeding, harvesting, planting, etc., and lease the same to farmers for a period. Leasing equipment can provide a recurring income to entrepreneurs in return for a one-time investment.

17. Fertilizers & Pesticides

Another facet of agriculture includes providing proper nutrition to the crops for the best output during any season. Entrepreneurs can provide high-quality fertilizers, pesticides, organic manures, and much more to farmers and landowners. These products are a necessity for any person engaged in the agro-industry which creates a big market for any new supplier.

19. Start a Phulkari Business

 Phulkari
Phulkari

Phulkari is the folk embroidery of Punjab. Sellers can deal in different types of Phulkari which includes Senchi Phulkari, Chhamas, Neelak, Chope and Subhar, and cater to the huge demand for this floral pattern clothing in Punjab. Both natives as well as tourists love traditional Phulkari work and pay huge money for it. Over 2,00,000 women in Punjab are engaged in Phulkari work but lack a marketing network which reduces their earnings. Entrepreneurs can provide a marketing network to provide the highest quality fabric to people from all over the country as well as the world.

Furthermore, we have also covered a list of the most successful business ideas for village area, that can be started without any high initial investments. Do give it a read.

Why Should you Choose Punjab to Start a Business?

1. Transport: Punjab is known for its great connectivity with the rest of the nation. The landlocked state is connected by 29 national highways and 19 state highways that allow for the free movement of produced goods and raw materials throughout the state and the country.

2. Industrial Hub: Punjab has been the choice of millions of entrepreneurs due to its unique location, government schemes, investor climate, etc. The state is home to more than 1.9 lakh micro-enterprises and 586 medium and large enterprises. According to Statista, Punjab had a registered workforce of more than 5 lakh people across different industries in the state.

3. Ease of Logistics: Punjab ranked 2nd in the Ease of Logistics Ranking of the Government of India for 2018 and 2019. The state offers 100% road connectivity with 4/6 lane highways ensuring smooth transportation and seamless business activities.

In addition to this also, do have a look at our latest blog where we have mentioned some of the best profitable business in Odisha. Do check it out and let us know if you find your dream idea.

Conclusion

Punjab is a great place for any business to achieve success. We have listed our best bet to create an effective and cost-efficient business that will keep your profits going in no time.

FAQs

How can I grow my business in Punjab?

When it comes to marketing your business, you can always turn to online marketing strategies. Digital marketing has made it possible to effectively advertise your company and its products in even the most remote places. Additionally, excellent service can result in word-of-mouth advertising, which is ultimately the finest strategy.

Do I need educational qualifications to start a business in Punjab?

It takes a lot of talent and perseverance to run a business. To start a business, you may or may not have a certified educational qualification. However, you will need qualifications for the same if your business is associated with any profession or licencing. It only takes good practical knowledge and smart financial choices to launch a small business.

What are the best business ideas in Punjab?

Some of the best businesses to start in Punjab are Affiliate Marketing, Agriculture, Dairy Farming, tourism, Woolen Industry, Storage units and Seed production.

Which are the low-investment businesses in Punjab?

Some of the low-investment businesses in Punjab include tutoring, homestay services, photography, and selling handicraft products.

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