1. Organic chemicals (export)
While there is abundant production of organic chemicals in
India, there is huge demand for these products in foreign countries in Europe
and Asia, where they are needed for various purposes, ranging from agriculture
to manufacture of drugs. You can tap from this opportunity by starting a
business that exports organic chemicals out of India.
2. Electrical machinery and equipment (import)
The demand is booming in India for electrical machinery and
equipment as well as their spare parts and accessories. These include sound
recorders and reproducers, television image and sound recorders, and parts. If
you can afford the huge capital required, you can make lots of profit importing
these products into India.
3. Iron and steel (import)
While there are many industries in India that depend on the
use iron and steel as major raw materials, the country itself does not produce
these metals in abundance, which means manufacturers in India usually need to
turn to foreign sources of these metals. You can convert this reality into cool
cash by importing iron and steel and selling to India manufacturers who require
these metals.
4. Pharmaceutical products (import)
Although natural and alternative health has taken a large
chunk of medicine in India, the demand for pharmaceutical products is still on
the high side. There are pharmaceutical industries in India, but there are still
many needs unfiled by these companies. This leaves open a window of opportunity
for importers of pharmaceutical products that are in huge demand.
5. Natural or cultured pearls and stones (export)
India is widely known for the production of beautiful natural
or cultured pearls, precious or semi-precious stones, and jewelry coated with
precious metals. You can take a plunge into the world of exporting with this
opportunity. There is huge demand in foreign countries for jewelries of Indian
origin. This option is particularly suitable for those with little investment
capital.
6. Cotton (export)
Cotton is one of the most abundant agricultural products in
India. Ironically, it is in huge demand in many other countries of the world.
So, you can start a business that exports cotton from India to neighboring
countries as well other countries in Europe, Asia, or even the Americas. If you
have the little capital required, you can start establishing your contacts in
other countries where cotton is in huge demand, and start exporting the
commodity to make cool cash.
7. Copper and its products (export)
You may not be able to set up a copper manufacturing
industry. But you can still tap from the huge opportunities in the Indian
copper industry by exporting the metal to foreign countries where it is needed
for various purposes. However, you must bear in mind, however, that this option
might require huge capital.
8. Live trees and other plants (import)
Due to the rapid urbanization going on in India, many natural
resources, particularly agricultural assets, are destroyed on a daily basis.
Conversely, however, the demand for live trees, bulbs, roots, cut flowers, and
ornamental foliage has remained on the high side. So, if you have a good
background in handling plants, you can make lots of profit by importing plants
and trees that are in huge demand in India.
9. Tobacco and tobacco products (import)
Although tobacco is generally know to be dangerous to
health, the addiction that comes with its consumption has only helped to
maintain the increased demand for cigarettes and other tobacco products. While
many will frown at this option, the truth remains that tobacco and its products
sell well in India, and you can make a fortune from importing them.
10. Import of seafood (import)
Tons of seafood, such as fish, crustaceans, mollusks, and so
on are consumed in India on a daily basis. Ironically, however, indigenous
suppliers cannot cater to the huge demand for these products, leaving open a
window of opportunities for importers of seafood.
BY Mr. Ajaero Tony
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