Assam is one of the most beautiful places in India. It is part of the seven sisters in the country’s northeastern region and is known for its bigger-than-life natural beauty, tea plantations, and unique culture. When one thinks about a business in Assam, things like tourism and tea come to mind. But did you know that there are a lot more opportunities that you can explore in this gem of a state and create a successful business for yourself? Please keep reading to find out our best business bets to make it big in the market.
Key Insights of Assam
|State Rank||16th in India|
|Official Languages||Assamese, Boro|
|Assam GDP||₹3.74 lakh crore|
List of Top 25 Business Ideas in Assam
1. Affiliate Marketing
One of the newer techniques in marketing, affiliate marketing, is an arrangement in which an individual, often known as an affiliate, promotes an online retailer’s products and services through different internet platforms. Affiliate marketing is a great business in Assam as it does not require capital, working costs, or major investments. All you need is a smartphone, a laptop, and a strong internet connection, and you are good to go.
2. Tea Plantation
It is no secret that Assam is known for its tea production. One of the oldest businesses in the state, the tea plantation is still your best bet to have a successful business in Assam. According to Statista, the annual tea production in FY21 stood at 286 million kilograms. The prospects are huge. But here’s the catch. Starting a tea plantation/production requires a good amount of investment in land, labour, machinery, and other business legalities. There may be a better business for you if you are looking for a less investment-intensive business.
Assam provides many products to the rest of the country. Petrochemicals, handloom, handicrafts, tea, coffee etc., are some of the biggest contributors to the state’s economy. You can set up a trading business under which you will collaborate with the producers and sellers to create an efficient supply chain. You can provide any product of your choice. This is a great business opportunity as there is no need for much investment. All you have to do is build relationships to start earning as a trader.
Moreover, if you are thinking of starting a business in your village, then you must wanna check out our blog featuring some of the big business ideas in the village. Do have a look.
4. Tour Agent
Assam is known for its eternal beauty. Tourists visit the state all around the year to get a sense of freshness and calm. As a tour agent, you must arrange anything and everything a traveler might need on their adventure. It can include things like vehicles, drivers, location recommendations, etc. You should know the best tourist places in the state, like Kaziranga, Manas, and temples, at the tip of your hands to reel in more customers.
The hotel industry flourishes in areas with much footfall. So, starting a hotel might be a great idea if you want to set up a business in the more traveller-loved locations in the state. You can even cater to the needs of the residents of the state as they require venues for their functions and programs.
Furthermore, we have also mentioned some of the easiest online businesses to start with no money in India. Do give it a read and let us know if you find your dream business idea here.
6. Waste Management
Since Assam has unique geography and demography, it is important to keep the state clean in all aspects to maintain its sanctity of the state. Waste Management Businesses buy large amounts of waste & scrap to process and recycle into newer products. Governments have also pushed for higher waste recycling for better pollution and nature management. This is another capital-intensive business due to the large buying structure, huge waste processing plants, and major networking requirements.
Assam has traditionally been a farming state for many years and will continue to be the same. This includes dairy farming, pig farming, fishery, and many other categories. This industry provides a high rate of return due to the already existing market and less capital requirement. You should only get into this industry if you have first-hand knowledge about farming.
Business Ideas for Other States & Cities:
8. Handloom Processing
The locals create unique and extremely beautiful clothing and art indigenous to the state. Handloom processing as a business may include marketing these products, packaging, labelling, and much more. The prospect for this business is huge as the local work is sold throughout the country and the world throughout the year.
As we have talked about taking local products to the country and the world, let’s also talk about bringing the world to the state. There are different kinds of areas in Assam – developed, developing and under-developed. You can set up a retail store in these areas to provide products like branded clothing, groceries, electronics, and much more. Which field you want to venture into is your prerogative.
10. Educational Institute
Educational Institutions are one of the businesses that can never go obsolete. You can start a state-of-the-art education centre in the form of a school, college, tuition, or coaching institute. Good education and skill development for citizens must be your highest goal while starting an institution. You can decide everything from location, qualifications and education level to fees & salaries without any interference.
Like an educational institution, pharmacies are another business that never becomes redundant. If we think about it, the role of pharmacies has increased in recent years. Assam has a unique topography which can include tough regions to live in where facilities are at a minimum. Even though you can start a pharmacy in more developed areas too, providing this facility in the less developed region may help you gain more from the business due to low competition and higher utility.
12. eCommerce Store
The Internet has connected the world in a way like no other. Entrepreneurs in Assam can find success in the eCommerce industry by selling different products on their websites. Website owners can deal in indigenous Assamese products like clothing, pepper, tea, and much more. An eCommerce website helps in increasing the reach of any business and will also help in globalizing your business in no time.
13. Fish Farming
Assam is a big market for the fisheries industry. According to the latest estimates, the contribution of the Fishery Sector to the State’s Gross Domestic Product (SGDP) is ₹472,119 lakhs with an annual growth rate of 4.68%. The industry requires a lot of capital and calls for a certain set of abilities, know-how, competence, and continuous supervision. The Assam state fisheries department seeks to advance commercial fish farming in virtually all of the state’s waterways and to develop fish farming that is commercially feasible. The establishment of a fish farm is among the top business ventures in Assam.
14. Fitness Center
There is no doubt about the fact that a big percentage of the younger generation is laser-focused on their health and fitness. This new interest in health and well-being has made fitness centres one of the most viable businesses not only in Assam but anywhere in the entire nation. Entrepreneurs can open gyms, yoga parlours, meditation centres, sports arenas, and much more. This business requires a good upfront investment but the return on investment can be huge.
15. Digital Marketing Agency
Due to globalization, most companies in today’s world need an online presence to become successful. Digital marketing agencies help these companies reach the maximum number of people through different marketing campaigns on several social media platforms. Entrepreneurs in Assam can think about starting a Digital Marketing Agency if they have the necessary expertise for the job. Digital marketing generally involves a plethora of activities which include Social Media Management, Affiliate Marketing, Social Media Marketing, Search Engine Marketing, Paid Advertising, Blogging, etc. Founders can hire professionals to help them with their work and provide their services to different national and multinational companies around the world.
16. Courier Service
Assam is a place of varying terrain which makes it difficult for the general public to benefit from the online commerce industry. Most courier services are unable to reach the interior areas of the state. People who have good knowledge of Assam’s culture and logistical requirements can build a successful courier service. Courier services can earn through partnerships with online retail stores and by also providing package transportation services to the natives and helping them connect with the rest of the nation.
17. Bhut Jolokia (Ghost Pepper) Production
Bhut Jolokia, also known as Ghost Pepper, is mainly cultivated in the northeastern states of India and Assam is no different. There are different applications of the Ghost Pepper which include the preparation of sauces, extraction of oleoresin and capsaicin, manufacturing of self-defence weapons, and much more. Entrepreneurs can enter this growing industry and make profits either by cultivating the Bhut Jolokia pepper or by opening a processing unit to manufacture finished products from the best quality Ghost Peppers.
18. Silk Saree Business
Sarees made of Assam silk are popular not just in India but all over the world. The state’s innovative role in manufacturing premium silk has greatly benefited the textile industry. In India and around the world, ensembles and clothing made of silk are still in style. Entrepreneurs can build retail businesses based around Assam silk sarees which include varieties like Muga and Eri. Assam Contributes 95% and 65% of the country’s total Muga and Eri production respectively. You can either launch your own textile business or work as a silk merchant locally or internationally.
Blogging is one of the best ways to make money in 2023. People who are good with content writing can think about blogging as a potential full-time business. Bloggers can write about different niches, their local Assamese culture, or anything else that interests them. Blogging can bring in good money in the form of paid articles, affiliate marketing, advertising, and much more. However, entrepreneurs must gain a good knowledge of technical aspects like SEO, Website Design, etc. to create a unique and successful blog.
Assam is heaven for photographers. The state is a hub of natural and manmade wonders including a collection of hills, wildlife sanctuaries, national parks, waterfalls, and more. Photographers can find great landscapes in Assam and sell their stills online on different websites. Photographers can also make good money from capturing events like weddings, birthdays, anniversaries, and much more. Assam is a top location for destination weddings and a large number of visitors choose the state for its unique combination of flora and fauna.
21. Computer Training Center
Entrepreneurs in Assam can open computer training centres to teach different in-demand skills to the residents of the state. Computer training centres are a good idea in urban, suburban, and rural areas of Assam. Other skills like graphic designing, typing, video editing, proofreading, shorthand, etc. can be taught at good tuition fees to earn massive profits.
22. Candle Making
Assamese business owners can start a candle-making business with low investment and from the convenience of their homes. Candles can be purchased for various purposes, such as the aroma or decoration of one’s home or place of business. Entrepreneurs have a large market opportunity because of the need and popularity of scented and decorative candles.
In Assam, starting a bakery business can be a wise choice if you want to see success even with a minimal investment. Those who are health-conscious prefer bakery goods to high-calorie cookies and pastries. Bakers can explore their passion and build a successful business by building word of mouth through high-quality baked products.
Agarwood has a pleasant fragrance and is used as a base ingredient in the production of essential oils and other fragrances. Assam has an abundant supply of the raw materials needed to make agarwood, which can meet the high demand for fragrant resonance. Entrepreneurs can create a sizable business in Assam by indulging in Agarwood cultivation, processing, transportation, and export.
25. Tea Processing
Assam accounts for more than 55% of tea production in India. Apart from cultivation, entrepreneurs can find great success in the tea processing industry as well. Tea Processing requires good investment in setting up manufacturing and packaging units to fulfil the needs of the business. However, the investment is worth the investment due to the huge raw material supply and constant demand for high-quality Assamese tea. Founders can provide different services like the preparation of tea bags, preparation of different varieties of final products, product packaging, etc., and earn massively from their business.
Why Should you Start a Business in Assam?
- Different Conditions: Due to its unique geography and weather, Assam provides citizens with opportunities that no other state can. The weather, labour, and market conditions create a condition where businesses can flourish.
- Ease of Doing Business: Due to the constant push by the Central and State government, Assam has upped its standard of business capability in the last few years. The state has an expanding industry in tourism, tea production, petrochemicals, handloom, handicraft and much more.
- Government Support: The government of India has started several different schemes in the last decade to push the northeastern economy through higher investments, particularly in Assam. You can use these schemes to gain subsidized resources and start your business more easily.
In addition to this, we would also like you to check our latest blog where we have mentioned some of the best low-investment business ideas in Kerala. Do check it out and let us know if you find it helpful.
Things to Remember
- Tough Conditions: Starting a business in developed areas is easy. Everyone is doing it. But if you want to start a venture in less developed regions of the state, you must complete a survey of what the business may require and what the region offers. A mismatch between these two things may cause a higher cost of running your business and will cut a hole through your pocket.
- Market Survey: There is no point in starting a business that has no utility for the public. Before diving into the deep end, you must complete a survey about the industry, location, existing competition, people’s perceptions, and business prospects to strategize accordingly to come out at the top.
- Weather: Assamese weather is known to be more on the monsoon side and provides a high level of humidity and rainfall. Keep this aspect in mind while building your business, as it may affect your supply chain and the demand for your products/services.
With all of its benefits and challenges, Assam is a great place to start a business in 2022. The state already has an official website for people to know all the requirements for a business in the state. Keep your head in the game, follow the best practices and build a successful business for yourselves in Assam.
Some of the best businesses you can start in Assam are affiliate marketing, tea plantation, trading, tour agent, hotels, waste management, and farming.
Tea plantation is the most popular and profitable business in Assam.
There are several businesses you can start in Guwahati, like tea production, educational coaching institutes, FMCG and grocery store, local handloom, and tourism.
Small businesses you can start in Assam include local handloom, tourism, interior design & decoration, yoga & fitness, healthcare & pharmaceuticals, agarwood & products, and sericulture.