Food Processing Industry in Maharashtra

Maharashtra, with its state capital Mumbai, is one of the financial capitals of the whole nation. The status of economic centers for Mumbai also ensures innumerable footfall, a fact which aids entrepreneurial success. With easy business loans in Mumbai offered by both government-backed and non-banking financial institutions alike, there are several industries that entrepreneurs have for grabs.

The food processing industry is one of the most sustainable of ideas since the demand for ready-made food has been on the exponential rise owing to the vast population of Maharashtra. The low financial requirements of several food processing industries ensure these ventures are easy to start, while numerous financial institutions are offering varied business loan schemes with competitive business loan interest rates that offer the necessary monetary assistance for starting a new business.

With lenders offering up to Rs. 30 Lakh as business loans in Mumbai, the following section discusses some of the best food processing business ideas which assure easy economic setup and fast success.

• Bakery with biscuit and cookie manufacturing – Bakery products have become part of modern life. While cities like Mumbai or Pune will have a demand for high-end products like cakes, pastries, cookies; semi-urban locales will require simpler products like bread, fruit cakes, etc. Before venturing into this idea, one should on how to grow their bakery shop in India and learn about relevant business strategies.
• Try different business strategies to grow your Bakery sales. Use Social media platforms to promote the best products of your bakery. You will find many bakeshop owners have their creative business cards with their bakery logo. Business cards say their personality to get customers excited about their products. If you don’t know how to create eye-catchy business cards, then don’t worry you don’t need to learn any professional design skills. There are many online graphic design tools available where you can make attractive bakery business cards, you just have to customize your requirements and your business card is ready within minutes
• Cashew processing: India is one of the leading exporters of cashew, with around 70% of its production coming from the West Coast. Also, cashews cannot be consumed in their raw form and must be processed in order to be edible. While the processing unit can be pricey, the availability of easy business loans in Maharashtra ensures easy procurement and setting up of processing plants.
• Grape wine making: More than half of India’s grape wine production is concentrated in Nasik thanks to the numerous grapevines and yards around. Understandably, with an abundance of the basic ingredient, there is limitless scope for production while its demand has always been present and is currently rising.
• Jam, squash, and pickle production: Being fruit-based products, these have a long shelf life. The production units can be easily set up via financing available from financial institutions that offer affordable business loan interest rates. As for the products, these are well consumed throughout India and items like pickles are even exported. Also, the ports of Mumbai ensure export options for any production in Maharashtra.
• Spices processing and packaging: Again typical to the West Coast due to its heavy production of spices; processing, powdering, and packaging these can be a lucrative business venture. With winning marketing techniques for small-scale spice businesses being easy to adopt, entrepreneurs can start with this simple business module and expand over time.

While all the above ideas are extremely viable, one needs to conduct research on their target consumers before venturing into the business. Taking demographic considerations into mind along with the client group, these businesses are recipes for success.