MSME’s Manufacturing Buisness Ideas List
Small Scale Industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scales of industries on the basis of investment in plant & machinery in the case of manufacturing industries and on the basis of investment in equipment in the case of service sector industries.
MSME Manufacturing Sector required Investment in plant & machinery which does not exceed Rs 25 lakhs for micro-enterprises and for small enterprises more than twenty-five lakh rupees but does not exceed five crore rupees.
Small Scale Industries play an important role in the Indian economy in spite of facing numerous difficulties. Small manufacturing businesses can be started at home or at small rental premises. The cost of machinery or equipment required for starting a small manufacturing business is very low.
Here are Best Small Manufacturing Ideas and Opportunities like Chocolates, Paper Napkins, Toilet Rolls, Sanitary Napkins, and many more Ideas for MSME businesses.