A (Tier-II) metropolitan area called Asansol is located in the Indian state of West Bengal. India's 33rd-largest urban agglomeration is the second-largest and most populous city in West Bengal. The Paschim Bardhaman district's administrative centre is located in Asansol. 

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Asansol is located in the centre of the Kulti-Burnpur industrial complex, in the heart of the Raniganj coalfield. The city has railed and road connections with Durgapur, Burdwan, and Kolkata (Calcutta). With sizable railroad workshops and a railroad colony, it is a significant centre for railroad and coal trafficking.

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Iron and steel mills, as well as textile manufacturers, are its main industries. The suburb of Jaykaynagar is home to a sizable aluminium plant. In 1896, Asansol became a municipality. Let's learn about it on the Fynd Platform.

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Business Statistics

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Entrepreneur Story of Asansol: Anjali Singh

Anjali Singh is a native of the West Bengali city of Asansol. A customer of Vedika Group's second cycle. She desired to open a food business to support her family. She initially secured a loan from the JLG Group for $30,000, which enabled her to start a modest grocery business. In many ways, her business enabled her to sustain her family. She will always be grateful to VCCL for helping her and her family through difficult times.

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Business Ideas in Asansol

Various occupations can be taken up in Asansol due to geographical and social factors. Here is a list of the top 25 ventures that appear promising.

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1. Handloom Goods Store

This city has had a handloom and textile industry for ages. Therefore, these products will sell at a good price. Tant sarees, fine cotton sarees, cotton towels, bed sheets, bed covers, coarse cotton sarees, pure silk sarees, garad and korial sarees, etc., are a few examples of the various handloom items that can be thought of for setting up a handloom-based business.

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Opening a store selling handloom goods is a smart business move. Create a collaboration with a nearby handloom-selling business to start trading on consignment. Because of it, you won't have to make an instant investment in a shop space. Additionally, try selling in flea markets, emphasising homemade items, as there are more opportunities to reach your target market there.

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2. Tea Business

Revenue in the waste management sector

The tea industry is probably the most obvious choice for the top industry in Asansol. Tea is the most common beverage among Indians. As a result, you have various alternatives for creating a business centred around tea, including opening a tea café, selling packaged regular or speciality teas, flavoured tea, loose tea in large quantities, and more. The inexpensive tea business you can start from home is selling tea online.

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Advertising is crucial in this industry; you must analyze the available brands. One option to launch your tea business is to create your own brand. First, understand the tea brand you want to set up and create a business plan; you can use the Fynd platform to create the website for your brand.

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3. Furniture Shop

Manufacturing and selling furniture is another business venture. Everyone needs furniture, and a modern home would be incomplete without it. It is not only a useful item, but it also enhances the beauty of a house.

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Comfortable sofas, TV stands, dressing tables, beds, computer desks, and other furniture items are always in demand. You can start your online store of furniture. There has never been a better time to think about starting a furniture store than now.

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Many would presume that a worldwide pandemic would have negatively impacted the sector, but the reality is exactly the reverse. Industry statistics predict that the furniture industry's compound annual growth rate will rise 5% between 2021 and 2026.

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India Furniture Advertise were US$ 17.77 Billion in 2020 and will rise to USD 37.72 Billion by the conclusion of 2026, developing at a double-digit CAGR of 13.37% amid 2020-2026. India may be a put for special and amazing inventive work of furniture.

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4. Fast-Food Business

Fast food restaurants are a good option for a business venture. People enjoy fast food at well-known eateries like McDonald's,  Subway, Chicken Popeyes, etc.

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Fast food options include rolls, hamburgers, pizzas, hot dogs, sandwiches, onion rings, french fries, cutlets, etc. Analyze the local market and consumer preferences where you intend to set up your restaurant before anything else.

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While you drive around town, you will see a lot of fast food restaurants, mobile food trucks, food carts, food kiosks, conventional restaurants, sandwich shops, and other outlets that also serve fast food and other snacks, suggesting that it is a very competitive business venture.

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It would help if you established a fast food business different from the neighbourhood's fast food chains. You can even start an online food business from home, which is more convenient and easily accessible.

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5. Shop for Jute Products

Another business venture for this area would be to open a store selling jute products. An important fibre crop is jute. Jute is used to make many different products, like jute chairs, jute sofa sets, sacks, coarse cloth, curtains, chair covers, carpets, fruit baskets, wallet bags, flower vases, key rings, doormats, and many other things.

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We are fully aware of the significant decline in environmental quality recently. Using non-biodegradable materials, such as plastic bags, causes numerous issues and is dangerous. Despite such products being prohibited in most of India, people continue to create and consume them. Imagine how convenient it would be to use jute instead of plastic.

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6. Mining of Coal

Coal is the main economic driver in Asansol. The Paschim Bardhaman district of West Bengal's Asansol Subdivisions is where the Raniganj Coalfield is mostly found. It is dispersed to the neighbouring Jharkhand districts of Dhanbad, Birbhum, Bankura, and Purulia.

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The primary regions of coal blocks are in the nearby localities of Raniganj, Jamuna, and Chinakuri. The entire coal reserve in the ECL command area is up to 49% billion tons. You must first obtain a local business license to launch your coal mining enterprise.

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After obtaining the necessary paperwork, you must choose the location of your mining operations. Without mining supplies, it is impossible to run a coal mining operation. Business people interested in this line of work must set aside enough money in their budgets to cover their operating costs.

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7. Honey Manufacturing and Selling

Honey, one of the forest's main resources, may be found in beehives that hang from several trees. Individuals of all ages admire and value this product. Both the food and medicine industry make use of honey.

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Glucose, fructose, maltose, and sucrose are the key nutrients in honey. Additionally, many culinary items, such as bread, milk, honey lemon spritz, sauces and salad dressings, soup, etc., can be consumed with honey. Thus, starting a honey shop would be a superior enterprise.

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Before beginning any operation, you must carefully plan and prepare to launch a honey business. You'll need enough money for the goods and equipments for this business. To promote your honey, you can provide honey to the people at their doorstep and promote your product. Additionally, having some company management skills and beekeeping knowledge would be helpful.

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You won't have any trouble selling your honey because there is a huge market for pure, organic honey. You can sell your goods to grocery stores and shop owners as well.

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8. Candle-Making Business

Candles are no longer only used to illuminate dim spaces. They are now used for various purposes, including therapy, yoga, setting the mood etc. You can quickly expand your candle-making business through your online store from the comfort of your home.

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One way to achieve personal and financial freedom and give yourself a constant outlet for creativity is to learn how to launch a candle-making business. There are a few pointers and suggestions to keep in mind if you're interested in learning how to launch a home-based candle business so that you can get off to a successful start.

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According to the National Candle Association, consumers also purchase candles as a focal point for their home's design and aromatherapy purposes, including relaxation and stress relief.

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9. Waste Management Company

The management and disposal of waste is a broad topic. This is one of the best small business ideas. In addition to fostering a greener and cleaner environment, you establish a business with enormous potential. Entrepreneurs are entering the market today and fostering a beneficial social effect.

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The nation produces tons of rubbish every day. Garbage that has been disposed of, includes both organic and inorganic waste. Separating recyclable rubbish from the pile is difficult for a layperson. However, brand-new waste management companies now easily dispose of and recycle rubbish.

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Utilizing tonnes of garbage to create a viable good or service is a good deed and a profitable business. Revenue in the waste management sector is rising at higher rate. As a result, persistent business owners are investing in the industry and improving society.

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10. Ready-to-Wear Clothing

‍Everyone requires clothing. Nowadays, a wide range of clothing with beautiful prints and eye-catching designs is produced. Shirts, t-shirts, sweaters, undergarments, pyjamas, sportswear, jackets, trousers, blouses, and more are among the numerous types of clothing.

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In this city, starting a ready-made clothing store will be quite successful. India's textile industry, which dates back to the middle of the nineteenth century, is where the ready-made clothing industry first emerged. The textile industry is believed to be the largest source of income in the nation.

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Natural and artificial synthetic fibre are the two categories into which the industry is divided. Starting a ready-to-wear clothing company is a very profitable endeavour. You must choose a market niche before setting up your clothing store.

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11. Online Training

We know how adversely Covid-19 has impacted us. Many people stayed inside their homes during this life-threatening condition to prevent the spread of the virus. Schools, colleges and other educational institutes were also shut down, which emphasized online education.

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Students could now take online courses with a computer and the internet. Offering online courses is a smart business move. Online courses are the updated version of traditional courses since they allow you to organize learning materials so that users can advance their knowledge of a certain subject.

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It primarily consists of a curriculum, or study plan, divided into modules. Videos, pictures, text, and hyperlinks can all be found in online classes. You must first identify your target market to launch your training academy. Next, consider selecting good and long-lasting eLearning content.

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12. Mobile Service

Today, connectivity and communication are nearly impossible without mobile phones, and the demand for mobile devices is increasing daily. However, as technology advances, mobile phone users encounter several issues, such as android or smartphone slowness, battery drain, storage space issues, app or phone crashes, overheating, Bluetooth, Wi-Fi, cellular network connection issues, phone hang issues, synchronization issues, etc.

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Opening a mobile repair store is a  brilliant business idea. Your investment will depend on the size of your startup, whether it is a full-fledged brick-and-mortar operation or a home-based firm.

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But what will set your business apart will be your shared commitment to quality of service (with other repair shops). Home-based cell phone repair businesses require less capital as you only need to pay for basic spare parts, advertising, tools and equipment, and furniture.

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Starting capital in the range of Rs. 1 lakh to Rs. 1.25 lakhs is needed in this business; however, you are expected to manage every aspect of the repair work as a skilled specialist. Starting an effective mobile repair business would need careful planning and research.

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13. Catering/Food Delivery Service

Numerous celebrations and events occur worldwide, like wedding ceremonies, birthday parties, anniversaries, cocktail parties, etc. All these celebrations are incomplete without good food.

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Offering catering services is an excellent business idea, which is well recognized for preparing, presenting, and delivering a variety of food dishes to these parties and events.

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Food delivery to a customer by a restaurant, shop, or independent food delivery business is known as retail food delivery, a popular way to place an order is through a food delivery service, a restaurant or grocery store's website, or a mobile app. The goods are often delivered in boxes or bags containing meals, sides, drinks, desserts, or shopping items.

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In larger cities, when residences and restaurants are closed, the delivery person might ride a bike or a motorized scooter instead of driving a car. Recently, deliveries have also been completed using driverless cars.
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14. Shop for Electrical Appliances

Every household needs electrical goods for various purposes inside their houses. These products use electricity to perform domestic tasks like cleaning, cooking, and preservation of food. Refrigerators, microwaves, water heaters, air conditioners, air coolers, toasters, kettles, blenders, coffee makers, mixers, pressure cookers, washing machines, fabric dryers, etc., are examples of various electrical appliances.

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Establishing an electrical goods store is a brilliant business concept. You can communicate with several brands you want to sell to, study their terms and conditions, and bargain with them. You can execute a formal launch, depending on your budget.

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If you want to follow a more thorough procedure, ask project consultants for project reports. They will advise you on every single aspect. The next step in starting your own electrical company is to insure your shop. Get in touch with a few insurance providers and learn about their coverage.

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15. Shop for Steel Products

Another business concept in this city is to open a shop selling steel products. Asansol Steel Castings Private Limited, a privately held limited liability company, was founded in 1984 and specialized in producing and supplying various industrial castings.

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Metal roofs, steel beams, mounting brackets, automobiles, trucks, trains, bicycles, bridges, steel safety barriers for highways, lighting and high voltage towers, railings, and railroads are just a few examples created from steel. Researching your competition before launching a steel goods company in your neighbourhood is crucial.

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Even though each of these steel enterprises is unique, they often need a business plan, a license, a location, and workers. Opening a steel trading company will require you to trade steel items, and beginning a steel products company will require you to have a vehicle for transporting steel scrap and equipment, bags, etc.

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India's finished steel trades developed by 25% to 13.49 MT in FY22; imports fell 1.68% to 4.67 MT... In FY22, completed steel sent out from India expanded by more than 25% to 13.49 million tons (MT), whereas imports dropped to 4.67 MT in FY22 from 4.75 MT in FY21, a 1.68% diminish. 

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16. Gadget Showroom

These days, learning computers is a necessity. All important data and papers are kept on computers at schools, colleges, and other educational institutions, in public and commercial businesses, hospitals, nursing homes, and primary healthcare facilities.

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It would be a fantastic business idea to open a computer showroom in this area that sells various computer accessories, including RAM, mice, keyboards, graphics cards, and laptops. With an increasing number of goods and services being offered online, the modern Indian economy has undergone significant change from the past.

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Even greater digitization has occurred as a result of the current Covid-19 crisis. Computers and laptops capitalize at an all-time high. You've found the ideal location if you're trying to capitalize on this demand by opening a computer showroom.

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17. Supermarket

The pandemic has demonstrated that there is one industry vital to human survival. A variety of FMCG and grocery stores can be established as a start-up. It may be designed to resemble a mini-supermarket or a godown where consumers could place delivery orders to their homes. Another option is to serve a narrow range of influential clients as suppliers.

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You may distinguish out by becoming the sole distributor of a specific product. Try to learn about local market trends before opening your food store. Conduct market research to learn more about the local market's demand and competitors. The staples of a food store are consistently in demand. You must know the regional favourites to choose the brands you intend to stick with.
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18. Sell Agarwood and Associated Goods

An aromatic, resinous wood called agarwood creates aromas, perfumes, essential oils, and other things. You can open a shop selling these goods because Asansol has a great supply of this raw material and is developing it rapidly.

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The "Asansol Agarwood Promotion strategy" was established by the Asansol governor in January 2021. This 5-year strategy aims to develop agarwood plantations and aid MSMEs that market agarwood products. So, this will benefit you in opening an agarwood-based products store in Asansol.

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However, you can establish a business selling Agarwood goods by buying them from producers. You can put your money toward either the spinning of agarwood or its import. Due to the great demand for agarwood worldwide, investing in agarwood appears safe and extremely profitable.

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19.Tourism-Related Ventures

Start planning trade delegation trips for businesspeople and prospective entrepreneurs if you have good organizational skills. This is one of the travel and tourism-related businesses you can successfully create. The tourism industry is the most sought-after low-investment sector in Asansol.

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In Asansol, it is simple to establish hotels, homestays, and bed and breakfasts. Tourists can make bookings from all around the world if you operate online business. Local economies may benefit greatly from tourism, but many hotels purchase food and cleaning supplies abroad rather than from regional suppliers.

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There are numerous varieties of tourism, which come in a wide range of sizes and shapes. There are three types of tourism:

1. Mainstream, 2. niche, and 3. special interest.

Create a plan for your company; creating a concise business plan would be best. Organize the legal matters. Create a marketing and branding strategy. Purchase the right team, technology, tools, and equipment.

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20. Yoga and Fitness Instructor

Not just in Assam but across India, the demand for yoga and other fitness services has skyrocketed. India is the birthplace of yoga, and visitors worldwide enjoy learning about yoga and fitness. Personal yoga and fitness training can be a very lucrative career.

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You may easily and effectively attract clients with a small amount of web exposure. The success of a yoga business will depend on a relatively small number of factors. But if you want to take your yoga studio to the top, you should pay attention to them.

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One of the main obstacles you can have is finding a good property that fits your needs, is in your price range, and is located where you want it to be. Knowing your population is crucial when picking the ideal site. Yoga classes are not cheap in major cities worldwide, and you can definitely earn a good sum of money if you plan your yoga business well.

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21. Interior Designing

On social media, you may have noticed folks working on long-overdue interior design or décor projects for their clients in the post-pandemic era. Almost all assignments are paid for in full. Therefore, it makes sense to investigate this prospect in Assam, where there is a lot of residential and commercial development activity.

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Your business card should have an eye-catching design and include all your contact details, phone number, and website URL. If you have limited financial resources for your new interior decoration firm and cannot afford to pay for pricey newspaper and television adverts, you can simply hand out flyers.

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If you want to start a business in interior design, you must have a keen eye for design. Being able to make your own home appear beautiful and launching a lucrative interior design business are two entirely different things.

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22. Create Cotton Wicks

India takes great pride in being a very spiritual nation. We often begin our prayers by lighting a lamp in all major religions. Making cotton wicks can therefore be a successful business venture. You can also sell cotton wicks to wholesalers and retailers online.

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Where are cotton wicks sold? Typically, candles and oil lamps use cotton wicks. This item will undoubtedly be available in any store near Hindu or Tibetan temples.

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Therefore, establishing your business and acquiring your first order is quite simple. You can market your firm over the weekends, which will suffice. And individuals in India use this cotton thread daily to light a lamp in their homes. Thus, there is always a strong demand and utilization.

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23. Massage Therapy

Massages are used to cure physical pain and mental stress. The soft tissues of the body are moved during the massage. Hands, fingers, elbows, knees, forearms, feet, or other massage devices commonly perform massages. Opening a massage parlour anywhere around the globe is a pretty profitable business idea, providing you with many customers who experience medical issues linked to stress.

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You can provide specialist ayurveda massage, aromatherapy, and other therapies to attract tourists and locals. Although opening your massage therapy center can be a major step, many massage therapists do it since it allows them to set their hours and maximize their earnings.

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Complete your certification in massage therapy. It is necessary to finish a training course at a school for massage treatment. Although opening your massage center is a major step, many massage therapists do it since it provides flexible timing and maximizes their earnings.

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24. Automobile Services

Creating a manufacturing facility for cars is a wise business idea. A company that sells or otherwise provides vehicles to TPC in line with a vehicle sale agreement is referred to as a vehicle supplier. "Vehicle Supplier" refers to the individual or group identified in the Motor Vehicle Schedule.

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It is impossible to imagine transportation in the modern world without a motor vehicle. People require a variety of cars to travel to long places quickly, and they also need vehicles in an emergency to transport a seriously ill patient to the hospital.

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In addition, cutting-edge technology vehicles, such as fashionable motorbikes, cars, and bicycles, are being introduced with sophisticated graphics and eye-catching colours and effects. Other types of motor vehicles include trucks, minivans, police cars, taxis, buses, and ambulances.

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Conclusion

Here are the top 25 options you can take up to start a business in Asansol. All you have to do now is determine which path you’ll tread. Also, ensure you have enough resources and money at your disposal. Every business, big or small, old or new, requires your topmost attention.

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So, choose your niche, get your resources together, and have your own business. You can also look at some more related content on the Fynd Platform. 

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