Explore the top 18 trending, profitable, and most lucrative small and medium business ideas in Odisha for 2022. These ideas have abundant market opportunities.
Odisha is a tranquil state with picturesque beauty, ancient temples, historical monuments, attractive crafts, developed wildlife sanctuaries, natural landscapes, immaculate beaches, etc…
If you are thinking of investing, you are quite right in making this prudent decision because of its prime location and earning capacity.
The state is located on the east coast of India, with a 485 km coastline, in the Bay of Bengal. Odisha is geographically situated as a gateway to the ASEAN region.
As per Dun and Bradstreet, the GSDP will likely enhance at a rate of 8.1% from 2015 to 2020. According to CM Patnaik, “Odisha has all mechanisms in place to be an investment destination of choice.”
You can completely trust Odisha’s government which has a gross domestic product (GSDP) projected to be 5,86,000 Cr rupees (at current prices) in 2021-22.
The main sub-sectors are municipal, tourism, commerce, hotels and restaurants, social and personal services, financial and insurance services, transportation, storage, and communications that you can think of investing in.
Trending Business Opportunities in Odisha
1. Food industry
Odisha is the hub for tourism and is a great destination. The food industry is thriving and is one of the most profitable business opportunities in the state. Hotels and restaurants can cater to the needs of tourists who visit the state, stay and enjoy their meals.
You should choose the most visited location for your hotel or restaurant, like Chilika Lake, Bhubaneswar, Kathak, Konark, Puri, and many other places. Read this article to find out some more interesting food based business ideas.
2. Franchisee business
Buying a franchise requires a large initial investment but can generate significant profits at a later stage. You can invest in various franchise options, including food-based, clothing-based, electronic products, shoes, etc…
You need to find a suitable place for your franchisee business and organize enough money.
3. Start eCommerce business
Planning to start an e-commerce business in Odisha is a wonderful idea. Odisha is by the sea and what is prevalent in cold regions is not available here. You can import many things from other parts of the country or abroad and make such items available in Odisha.
To get more customers, you need to find the right place for your business. Dukaan can help you with that.
Want to know more about how you can open your store online? Watch this.
Odisha is known worldwide for handicrafts, especially pottery, terracotta, horn-work, and textile-based handicrafts. These are some of Odisha’s most popular business opportunities.
You can start selling them online as they are in high demand in the global market, giving you ample opportunity to earn great profits.
All you need to do is collaborate with a good online business source, provide excellent service, and soon get recognition in the international market, earning high returns with a huge demand for your product.
Odisha has a variety of ecotourism destinations where one can fully immerse themselves in the splendor of nature and return home calmly.
Some of these exquisite locations are Chilika Lake, Debrigarh Ecotourism, Gahirmath Turtle Sanctuary, National Parks, River Beds, TikarPada, etc… Ecotourism and providing sustainable commuting services to tourists are profitable business concepts in Odisha.
The tourism sector has great potential in Odisha, offering great business opportunities for tourist guides, photographers, etc… You can use these ideas, which are very informative and need little investment.
New Age Business Ideas in Odisha
6. Content Writing
With SEO optimization as the key to success for digital businesses, freelancers and content writers have been in demand for the past few years.
The trend has proliferated multi-fold post-pandemic, and there is a massive demand for good writers who can lend their talent and make amazing money out of it.
You again need to use your expert writing skills to make this a side-career option. You don’t have to make a huge investment; instead, you have the leverage to either associate yourself with a single brand or work for several.
There are many content creation tools to help you out.
7. Become a blogger
One of the most trending business ideas in Odisha with low-cost income opportunities is to start writing blogs. You need to invest in a domain, write meaningful content, identify a niche, and publish an article about it.
8. Online Teaching
Again, an after-effect of the Pandemic wherein online education became a mandate. Professionals are opting to use online portals to impart academic classes, special courses, webinars, personality development classes etc…
If you have the right expertise and skills, and if teaching is your passion, this is the perfect side-hustle for you.
You need to make a minimal investment, with only your talent and skill being enough to make money. The online education sector can be a useful business idea with little investment.
9. Digital Marketing
Digital marketing is thriving and is the trending lead in business in 2022. Post pandemic, almost every business is making the most of operating and marketing online, which is imperative for the survival of many businesses in this era.
There are several things you can do – You can curate videos and indulge in video marketing or video editing for companies whose businesses are rampant on social media platforms. You can handle the official business accounts on various sites like YouTube, Instagram, Facebook, etc… You can handle SEO optimization for organizations.
10. Computer Training and Languages
The state capital, Bhubaneswar, has established itself as a knowledge center in India by establishing several universities and the IIT – Indian Institute of Technology.
If you are an aspiring computer professional looking forward to building your side-hustle career in Odisha, the Computer Training Institute is a great resource in Bhubaneswar.
Running a computer school with value-added services can be a lucrative, self-rewarding endeavor.
11. Solar energy business
The solar energy business ranks number one in profit margins. And it is currently recognized as India’s most profitable industry.
Odisha is one of the hottest states in India, all year round, because of which a solar energy business may turn out to be a gold mine for you. You can supply electricity at a reasonable price and a fair price. Solar energy will continue to be in demand because of its sustainability factors.
This is a great business opportunity as solar energy companies are at the forefront of making huge profits.
It requires a small investment and has been successfully operated in many other states of the country.
Small scale Business ideas in Odisha
12. Jute bag manufacturing
Odisha is the 4th largest producer of jute. Jute crops are abundantly cultivated in Odisha. You can invest in manufacturing or trading everyday items such as bags, chairs, carpets, rugs, clothes, and tables made from this material.
You must carefully plan how to procure the raw material and how you can manufacture it. This can be a profitable venture. From a business point of view, it requires low investment but offers the best profits. You can easily start this business in Odisha, as jute is a substantial part of the state.
13. Candle making
If you’re thinking of starting a business in Odisha with minimal investment, candle-making is a great place to start. Raw material for candles is readily available whether you want to enter into making traditional candles, decorative ones, or scented candles.
You can make candles at home and sell them in the immediate vicinity. You can sell online too. Dukaan can help you set up the online store. Here is the article to help you understand candle making business in detail.
14. Car rental
As the world’s industrialization progresses, the tourism industry in Odisha also flourishes rapidly, generating a huge opportunity for business in car rental services.
You can indulge in car booking, car rentals, and care management.
Can also include more services such as car rental drivers.
15. Food delivery business
This is a great and one of the most flourishing small business options in Odisha. A food delivery service is a lucrative option as people seek such services. Providing food is not an expensive business.
To extend your network to the areas you want to cover, you need to create new contacts. You can also connect to restaurants and hotels to expand your network. You can also either develop or collaborate with mobile applications for online food delivery services.
Make sure you provide the best service as it keeps you on the food delivery list.
16. Manufacture of liquid soap
Liquid soap is considered a durable consumer product. The main reason to choose this business is its increased demand and increased health awareness and low-cost manufacturing.
This industry requires elaborate market research, and you need to curate profitable marketing strategies to enhance your bottom line.
The handweaving sector in Odisha employs many local artisans. The state has a profound history of manufacturing hand-woven products. Even the talents and knowledge that have been passed down for generations have given hand-woven textiles unparalleled depth, range, strength, and energy.
You can initiate the hand-woven fabric business in Odisha, which is the most diverse and everlasting expression of heritage, culture, and ethnicity.
Embroidery stores are one of the most important business ideas in Odisha, where you can start with a small amount of money.
18. Cashew nut processing
Cashew processing units are large, profitable businesses that you can start with a small investment.
In Odisha, a state famous for producing cashew nuts, you must understand the market before you delve into this business. Cashew nuts need to be appropriately treated. This is necessary to prevent humans from consuming raw cashew nuts. People are very health conscious and demand well-treated cashew nuts.
This small business will certainly help you earn a considerable income.
How Dukaan can help you build your business?
We hope this article will provide you with enough information about Odisha’s best business ideas, making it easier for you to identify your niche before you initiate your entrepreneurial journey. You can choose any one of the opportunities mentioned above to grow your wealth. Many of them are online businesses for which we, at Dukaan, can take it to a whole new level of profitability and enhanced ROI.
We will provide you with a holistic e-commerce platform that you can operate and manage on your smartphone, just like you use Instagram or WhatsApp.
The registration process is simple, and you can have your online store established within minutes at the Dukaan app. You don’t need any technical knowledge to start your online business with us, and we will deliver 24 by 7 technical and selling assistance to all our sellers.
Do check out other business ideas in different cities: