Agribusiness is not just about traditional farming that is the most common occupation in India, but it is a profitable business of agricultural production that includes:
Production, processing and inventory of agricultural products
Since India is gifted with a varied climate, various kind of agribusiness requiring different climatic conditions and temperature can be undertaken here. Some of the emerging Agribusiness opportunities are enlisted below:
Because of the increasing health consciousness, people have started opting for organically grown food items rather than those that are grown using chemicals and fertilizers. People are ready to pay even more for these items.
Because of the increasing demand of white meat over red meat and eggs, the business of raising chickens and marketing them and their eggs is growing at a very fast speed.
Because of the increasing demand of honey in the local as well as global markets, opting for this business can prove to be a profitable one
Because of the increasing demand of the freshwater fish and fish products worldwide, fish farming is a becoming more and more popular form of agriculture in India and generating huge profits.
Because of the increasing demand of cold storage facilities for the food products, providing cold chain solutions for fruits or vegetables or other products having a low shelf life is gaining importance these days.
Because of the increasing consciousness among people about the side effects of allopathic medicines on human bodies, people have started opting for herbal medicines or ayurvedic medicines. So, cultivation of medicinal herbs and their sale (domestic as well as export) can generate huge profits.
Because of the increasing demand of home-made traditional pickles in India, making pickles and marketing them either in an unbranded or branded way can be a profitable business.
Because of the increasing use of floral arrangements in weddings, festivals, parties and cultural events, floriculture business (the business of growing flowers) is in high demand
Because of the need to control pests in soil, grains, wood items, packages, etc., fumigation (i.e., method of pest control) is required. This can a profitable business, especially in case of exports, where packaged items are stored and sent.
Because of the increasing demand of high and good quality vermicompost products, you can turn this business into a profitable one just by working on the marketing strategies, as these can be produced even in your backyard.
Because of it's nutritional value, demand of mushrooms is increasing in local as well as global markets. So, mushroom farming done even in a little space can turn out to be a profitable one.
Because of the evergreen demand of milk and other dairy products, this business has a great potential of making huge profits.
Determine the products or services you want to sell
Develop a business plan including the expected costs.
Arrange money either through self investment or loan.
Take advantage of the online tools to track your retail business activities and work on better decision making, instead of making detailed spreadsheets offline
Acquire any business licenses required.
Register your entity
Develop a marketing plan