If you are looking for ideas to start your own business whether in Srinagar or Anantnag or in any other city in Kashmir, here are 20 most profitable small business opportunities that might match your entrepreneurial aspiration:
The challenging rate of unemployment is one of the serious concerns for the people of Kashmir. As they say, time waits for none. Had it been managed earlier by elders of the valley, the current worst scenario of unemployment wouldn’t have arised. Unfortunately, people living in Kashmiri still haven’t changed the mindset that advocates running after government jobs. Business generally is regarded as beggar’s job and on the other hand a govt job as king’s gold even if it pays them 1000 rupees per month salary.
Time has come that youth of Kashmir shun such mindset and embrace entrepreneurship if they want to secure their future. Here are more than 23 profitable business opportunities we believe have great potential in Kashmir:
Opportunities in agriculture
Agriculture forms the foundation of Jammu and Kashmir’s economy. Studies indicate that agricultural sector alone contributes around 23% towards state’s GDP. But, unfortunately, remains still in unorganized form. If local entrepreneurs put efforts in developing this sector, countless jobs can be created for unemployed youth.
Kashmir being situated on high altitude and having the presence of mineral-rich soil, there is arguably large potential in following agriculture and farming related niches:
- Potato cultivation
- Onion cultivation
- Potato seeds
- Mushroom cultivation
- Saffron cultivation
- Vegetable seeds
- Cut flowers
- Apple orchards
- Strawberry cultivation
Particularly potato, onion, mushroom, strawberry etc are imported in large quantities from other states. Entrepreneurs can help in stopping huge outflow of money while growing them locally.
12. Dairy farming
Kashmir imports huge quantities of milk from outside. While Zam Zam Dairy and other local brands have taken some measures but still not enough to fulfill gaps in milk supply. Non availability of quality milk mostly in urban areas offers aspiring local entrepreneurs a rewarding opportunity in the form of dairy farm.
13. Butter and curd production
In addition to milk, you can also produce and supply butter and curd products for huge local market constituting households, restaurants, hotels etc
14. Poultry farming
Local production of poultry production is very weak, hence a huge amount of money outflows to other states for importing chicken and eggs. Therefore, starting a poultry farm is undoubtedly another great opportunity local entrepreneurs can capitalize on.
15. Recycling Business
Recycling area is yet to receive full entrepreneurial attention in Kashmir. Despite the presence of many collection centers, there are large quantities of discarded paper, plastic, aluminum cans, metal scraps etc local entrepreneurs can make money from while selling it to recycling plants.
Opportunities in information technology
Information technology appeared as a transformative sector in Jammu and Kashmir in last many years. Businesses have a huge need for information technology so as to connect with customers, suppliers and even enhance internal departmental connection. Many opportunities in information technology where you can focus on are:
- Ecommerce solutions to retailers
- E- learning solutions to schools, colleges, universities etc
- IT hardware support services to people who own computers, banks, universities etc
- Web design and development services to local business establishments
Travel and tourism related opportunities
Travel and tourism industry is the backbone of Kashmir economy. Millions of travelers visit Kashmir each year. Near tourist spots you can consider following opportunities:
- Rental business
- Small restaurant
- Fruit juice stalls
Explore many more travel and tourism business opportunities if you aim starting a business in the travel and tourism industry.