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Hyderabad, the bustling capital of Telangana, surprisingly surpassed cities like Shanghai and Beijing in terms of economic development. Now, it is one of the fastest-growing cities in the world.
The high-tech city has offices of the major tech giants of the world including Google and Microsoft. This prolific growth has boosted the city's economy and opened several windows of opportunity to people who aspire to be successful entrepreneurs.
So, if you have a limited budget and are looking for small-business ideas in Hyderabad, this article might answer all your queries. Keep reading to know more!
Below mentioned, are some of the highly scalable businesses that may be started in Hyderabad-
The Telangana Government has initiated an ambitious project named ‘Hyderabad Pharma City’ that is all set to bring forth an unprecedented benchmark in the Pharmaceutical sector of India. Consequently, a pharmacy store in Hyderabad may yield huge profits and can be considered by people who are looking for small business ideas in Hyderabad.
Hyderabad is a bustling metropolis with a large working population. Working parents often find it a daunting task to take care of their kids while they are in the office. So, a daycare business in Hyderabad can reap lump sum yields in a short span.
67% of the total population in Hyderabad are migrants from different states. The city has registered tremendous growth in recent years and has become a primary IT hub that attracts thousands of people from every part of the country. So, if you are looking for a small investment business in Hyderabad, you may offer vacant spaces in your rooms for rent to paying guests.
In the 21st century, people, regardless of gender, learn to cook and consider it a basic necessity rather than a luxury. As there are several people in Hyderabad with excellent culinary skills it demands cooking lessons from them. Such skilled people may conveniently start a class from their homes and earn huge figures. By sharing unique ideas and tips, you can help people who are willing to learn cooking or take cookery courses.
The royal city of Hyderabad attracts thousands of tourists who visit the city to cherish its extravagant art and culture. As per reports, Telangana tourism will register a 20% increase in tourists in 2023. Therefore, a travel agency in the city may be a highly profitable venture.
Called 'The City of Pearls', Hyderabad is famous for its pristine pearls that are crafted into beautiful ornaments by skilled artisans. It is the ideal place for all the jewellery lovers who pick up gorgeous pearl ornaments. Pearl processing has been an exquisite craft in the city, and individuals looking for a low-budget business in Hyderabad may turn their aesthetic talent into a thriving business.
Freshly baked cakes are in high demand as they are indispensable parts of every occasion, ceremony and party. People who love baking may consider starting a small baking business in the city. This business may even be commenced from home and does not require lump sum investments.
While the demand for readymade clothes has increased recently, the comfortable and uniquely designed garments handcrafted by tailors are unmatched. Thus, tailoring can be an interesting yet profitable small business idea in Hyderabad with low investment.
Biriyani has been a part of Hyderabad’s rich cultural history. This delicious cuisine exhibits a royal flavour which is a treat to the taste buds of every Indian. As per statistics, 2.28 plates of Biryani were ordered per second on popular food applications in the previous year. Thus, you may open a small Biriyani centre with a couple of staff in any bustling locality of the city.
South Indian delicacies are popular across the nation for their unique flavour and subtle taste. Idli, Dosa, Appam and Uttapam are immensely popular for their nutritional benefits and are the staple diet of the people in the southern part of India. Resultantly, a South Indian Café is considered to be one of the best small businesses in Hyderabad.
People in Hyderabad regularly consume meat and chicken as part of their staple diet. Besides, Hyderabadi Biryani is incomplete without juicy chicken pieces and sumptuous mutton curry. Therefore, a meat store will reward you with huge profits.
There is a pleasant nostalgia and comforting essence associated with chocolates, and it occupies a special place in the heart of every Indian. While branded chocolates are loved by all, homemade chocolates are in high demand for their unique flavour and taste. People looking for small business ideas in Hyderabad may opt for this lucrative and interesting venture.
The magnificent handicrafts of Hyderabad exemplify brilliant artistic finesse and represent the sheer class. The intricate designs of Bidriware, Kalamkari and Filigree handicrafts are kept as prized possessions by people across the world. These extravagantly designed handicrafts are of immense value in the global market. Therefore, if you are looking for a low-investment business in Hyderabad, you may consider starting a handicrafts business from home.
Candles have widespread usage in almost every part of India. Coloured and scented candles are often an indispensable part of religious activities. Candles are also used as home décor. So, if you are looking for a small-scale industry in Hyderabad, a candle-making business can be an ideal choice.
The over usage of plastic has severely impacted the environment and people are gradually shifting towards environment-friendly products. The disposable cup and plate business will not only be one of the best small-scale business ideas in Hyderabad but also contribute towards a healthy environment.
It is necessary to conduct market research before starting these businesses. A careful analysis will help you understand the market status and trends. You must evaluate your strengths and weaknesses and strive towards delivering the USP of your brand/company. The above-discussed small business ideas in Hyderabad will scale high if you keep the above-mentioned points in mind.