Are you looking for the Best Business Ideas in Punjab? You have come to the perfect spot!

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Punjab is considered India's fastest-growing economy and the sixteenth largest economic state. Punjab is a fantastic place to start your own business, given the excellent infrastructure, transportation facilities and favourable government policies.

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A report published in 2018 stated that Punjab has the ninth highest Human Development Index and a GDP of 5.29 lakh Crore in the year 2020-2021.

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And did you know that Punjab has the most significant number of small business owners in India? Let's take a good look at the Best Business Ideas in Punjab!

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25 Business Ideas In Punjab

Business opportunities in Punjab are endless, and they are growing daily. And if you are someone who wishes to start a business in Punjab, here are some actionable business ideas for Punjab:'

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1. Tours and Travel:

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Punjab is known for its mouthwatering cuisine, rich culture and heritage. It is the land of five rivers and has multiple tourist destinations like the Golden Temple, Jallianwala Bagh, Rock Garden, Moti Bagh Palace, Bhakra Dam, Qila Mubarak and more.

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Multiple wildlife sanctuaries and archaeological places in Punjab attract more than a million people worldwide. This paves the way for multiple tourism-related business opportunities in Punjab that you could venture into. They are:

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Travel Agent: You can start a travel agency and provide facilities like sorting out the stays, itinerary, transportation and so on of the tourists.

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Homestay Services: Homestays have genuinely transformed the way people take vacations, and they have risen to fame, especially after the pandemic.Offering homestay services can be a great idea in Punjab as the state attracts many tourists yearly.

If you have a property, or someplace you know available for rent, you can offer homestay services there and earn well. You can efficiently market your homestay services using the Fynd Platform and reach out to your target market.

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Tour Guide: Offering tour guide services could be a profitable venture without any investment. But, ensure you have ample knowledge about the place and good communication skills to be a successful tour guide.

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2. Organic Farming:

Punjab is also known as the "Food Bowl of India" for its agricultural activities and plantation.

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With people worldwide becoming so conscious about what they are consuming and emphasising chemical-free food, organic farming indeed feels like a great business idea in Punjab.

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The Punjab Government has constantly been encouraging people to opt for organic farming.

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The state government has been boosting the morale of organic farmers by providing them with institutional assistance under multiple schemes of the Central Government by the Punjab Agri Export Corporation (PAGREXCO).

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Starting an organic farming business could be a great idea, and you can also reach a much broader market by taking your business online with the help of Fynd Platform. With Fynd Platform, you can create an e-commerce website and application and directly reach out to your customers, or you can list your products on platforms like Flipkart or Amazon using Fynd.

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3. Dairy Parlour:

Did you know that the average milk yield in Punjab went up by 50.14 per cent between 2012 and 2019?

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As per an article published in the Tribune India, it was mentioned that Punjab has the highest per capita milk availability in India. It indicates that starting a dairy parlour in Punjab is a smart business idea.

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People tend to buy fresh milk, curd, paneer and more such dairy products daily and ever since the masses were affected by COVID-19, much emphasis has been laid on hygiene, and people prefer buying well-packed food items.

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This gives you an edge over the local dairies and milkmen, as you could work on serving well-packed milk and milk products and use your packaging as your best marketing tool. You can also sell your products online with the help of Fynd Platform and market your products. You tie-up with local delivery partners to make instant deliveries.

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4. Dropshipping Business:

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In our opinion, dropshipping has to be the safest and investment-free business. If you are someone who does not want to invest a lot initially but still earn good money, dropshipping business is your best bet. Dropshipping takes away the hassle of procuring stock and reduces storage costs and other such costs it takes to run a business.

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To start a dropshipping business in India, identify a product you plan to sell and then look for a reliable supplier. Once you are all set, make a website on the Fynd Platform or list your products on different marketplaces like Fynd, Amazon, Flipkart, Myntra, etc. Running a successful dropshipping business in Punjab could be a profitable business idea.

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5. Bakery Business:

Punjab is often known as the "Food Bowl of India", and you can make the most out of it by starting a bakery business in Punjab. And in case you did not know, India is the second-largest producer of biscuits in the world. You can run a successful bakery business with three different methods.

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The first way is by setting up a retail store and selling freshly baked goods at your store. The second way is by setting up a large-scale bakery production unit and typing up with different vendors and food joints. The last one is by starting a home bakery business. It is a cost-effective business idea as well.

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6. Farm Equipment Leasing Business:

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According to data published by India Brand Equity Foundation, agriculture is the primary source of income for 58 per cent of India's total population. And with so many people in Punjab involved in the agriculture industry, giving farm equipment on a lease can be a profitable business venture.

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This business idea will be a profitable venture for you and for farmers who cannot afford to buy farming equipment to help ease their job. You can get your hands on tractors, threshers and other such equipment required for farming and give them on lease to small farmers.

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You can either lease them out on an hourly basis or daily basis or something. The business will require some initial investments but could be very profitable in the long run.

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7. Catering Services:

Starting a catering business in Punjab could be an innovative and savvy business idea. You can start a professional or a private catering service business for gatherings. To start a catering business, you can invest in a cook and servers and use your culinary skills. And to increase your business, you can also take your business online with Fynd Platform and market it well.

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Or, you can tie up with some established caterers and help them out as and when needed to gain some learning experience. And if these two ways do not sound as appealing to you as they must, you can also try setting up a cloud kitchen.

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A cloud kitchen is a food business where you make the food at home, and your customers can order it online or via phone. You can also tie up with online food delivery apps like Zomato and Swiggy to increase your customer base. If not, you can take your business online with Fynd Platform and build an interactive website and application so your customers can reach out to you directly.

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8. Seed Production:

For any plant to grow, you need a seed. Seed works as the base of any plant, and a lousy quality seed can cause significant loss to the agriculture business. Therefore, farmers give utmost consideration to getting their hands to the highest quality seeds that are filled with micronutrients. If you are still not convinced about why you should go for a seed production unit, let us tell you something!

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As per a report published in Down To Earth, it was stated that India's share of agriculture in GDP (Gross Domestic Product) is 19.9 per cent, and about 60 per cent of the total population works in the agriculture sector.

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Hence, venturing into the seed production business in Punjab could be a brilliant idea. While it might require some research and massive investment, it could be a profitable business venture as the state is known for its agricultural industry.

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9. Toothpaste Production:

Toothpaste is an essential commodity and can be found in every household. And setting up a toothpaste production unit, even on a small scale, could be an innovative and savvy business idea if executed well. The Indian Oral Care market is worth somewhere around INR 15,000 crores.

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The toothpaste production business could be very profitable as it has a good profit margin. And with omnichannel platforms like the Fynd platform, you can take your business online, start a website, list your products on different marketplaces, manage your orders and inventory, market your products, track your business' performance and a lot more at ease.

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10. Starting a Micronutrients Business:

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Micronutrients are an integral part of the agriculture sector as they help determine the quality of the land and the harvest. That is also one of the prime reasons why no farmer prefers compromising on the quality of the micronutrients. Considering that, selling high-quality micronutrients could be a great business idea in Punjab.

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To grow your business, you can take it online using the Fynd Platform and email marketing feature, and you can educate people about your business and why high-quality micronutrients are an excellent thing to invest in, along with increasing your sales.

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11. Automobile Business:

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The automobile is one of the fastest-growing businesses in the world and India.

As per the experts at Grand View Research, it is predicted that the Indian Automobile Industry is projected to grow at a rate of 11.3 per cent from 2020 to 2027 and might reach 6,920,991 units by 2027.

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This growth rate is not solely limited to the manufacturing part but also allied activities. Some automobile-related business ideas in Punjab you could go for are:

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Selling Spare Parts/ Car Modifications: There are times when people might be looking for some specific part or might be looking to change how their seats look or something. And selling spare parts is one of the allied activities in the automobile industry and has a good profit margin.

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Car Wash: Every car needs regular maintenance, and regular car washing is always something every car owner emphasises. Therefore, you can offer car washing services in Punjab as it is also one of the many sustainable business ideas and does not require a lot of investment.

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Service Centre: Every car needs regular servicing and maintenance to be up and running at all times. People usually do not watch out for costs regarding their safety while driving. Hence, setting up an automobile service centre in Punjab could be a good business idea.

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12. Event Management Business:

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While food is an integral part of a majority of events, there are a lot many things that go into hosting a successful event like decor, planning, managing and entertaining the people. And the host can't take care of it all. That is when a third party gets involved, known as event managers.

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Event management is a multifaceted activity and involves the management, execution and development of different events such as weddings, parties, corporate events, festivals and much more. And Punjabis are famous for throwing a lavish party on every occasion. Hence, what better business idea in Punjab than becoming an event manager?

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To reach out to more people and build an excellent reputation, you can create an online presence using Fynd Platform and create your ePortfolio there. You can also use Social Media as your most effective marketing platform, run ads there, and track down everything using Fynd Platform.

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13. Warehouses and Cold Storage Business:

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If you have a space or something, warehousing could be a great business idea, especially in Punjab. In a state like Punjab, where most of the population is involved in farming, the farmers and other businesses need a storage place specially designed to keep their produce safe and fresh.

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You can design a fully serviced warehouse that has cold storage and is equipped with every machinery one could need when it comes to storing their goods properly.

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Moreover, as per the experts at Market Research, it was published that the industry is worth INR 1050 billion and might be an INR 2243.79 billion industry by 2026 and has been growing at a CAGR of 12.77 per cent.

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14. Selling Home Decor Products:

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Ever since the COVID-19 pandemic, the concept and meaning of home have changed in every aspect. Home is no longer a place to chill, relax or sleep. Home has suddenly become a movie theatre, office, school and whatnot.

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In 2019, the global home decor market was valued at $616.6 billion, adding the experts or expecting it to be $836.6 billion by 2027.

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Homes have now become a reflection of people's personalities, and after the pandemic, people continue to do everything from their homes; they have become conscious of their home decor and how it defines their personality. Also, people like to match their home decor with their home interior and stick with specific themes to add oomph to their space.

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Keeping that in mind, you can make the home decor business a profitable business venture for yourself by getting in touch with manufacturers and trading their products or working directly with the customers or interior designers. You can also take your business online using Fynd Platform in less than 30 minutes.

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In fact, with their Order Management System, you can easily handle orders from multiple channels and tackle your inventory. Not just that, you can also track how well your business performs with their data insights and tracking analytics.

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15. Pet Spa and Grooming Services:

If you are someone who loves pets and can efficiently deal with them, this business idea is just the thing for you! In today's time, people love their pets more than anything. More than a fondness, keeping them has become a style statement, and show-offing the well-groomed pet is now a thing.

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Given the number of pet owners skyrocketing in India, the need for pet groomers has also skyrocketed. Therefore, setting up a pet spa and grooming business in Punjab could be an excellent business idea as Punjabis love their pets and might not hesitate before spending a fortune to pamper their furry babies.

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16. Sports Manufacturing Business:

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Ludhiana is famous all over the world for its sports manufacturing industry. Most sports types of equipment, clothing and much more are produced in Ludhiana in bulk, and many sports companies have their production units set up here. Hence, setting up a sports manufacturing unit in Punjab is a smart business idea and has great potential.

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You might need some initial investment to get this business up and running. Not just that, there are a couple of ways that you could get your sports manufacturing business in Punjab up and running successfully. You could either manufacture sports products for selling in a retail store or you could become a wholesaler of sports products.

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If not, you can also make customised sports products. While getting into the retail business or customised sports goods business, you will have to manage your sales, provide after-sales services and so on. Whereas, in the wholesale business, this hassle is reduced.

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17. Wedding Planning Business:

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Destination weddings are quite a vogue in India at the moment and destination weddings are happening all year round in Punjab. But, planning such extravagant weddings is a very tedious undertaking for the families and that is why people prefer hiring wedding planners to take care of the business.

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That is why starting a wedding planning business in Punjab could be a profitable business. To be a successful wedding planner, you will have to manage things like food, venue, decor, photography, guests, invites, travels, accommodation and much more. If you are great at planning and organising, the wedding planning business could be a great one for you.

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Not just that, as per a report published in CNBC TV 18, it is being said that the Wedding Industry in India is worth somewhere around $80 to 100 billion.

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18. Starting a Salon Business:

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Beauty services are always a necessity. Beauty services can include a hair salon, nail salon, spa, offering makeup services, facials and so on. While you are starting, you can pick your niche and do wonders with it.

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However, starting a beauty business will demand you to get some training in your niche and you will have to build your expertise in it and then go ahead with offering your services to the masses in Punjab. Not just that, the beauty industry is one of the fastest-growing industries in India. It was valued at around INR 55,000 crore in 2020.

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And in case you do not know, the Shahnaz Husain Group is one of the most well-known brands when it comes to organic beauty products which were founded in 1975 on a very small scale and are now a million-dollar business with a robust presence in 100 countries and more than 400 franchises all over the world.

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Offering salon services in Punjab could be a smart and savvy business idea and with time, you could surely scale it up.

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19. Photography Business:

Photographers and videographers are always in demand. Be it a wedding or some event or a commercial shoot, everyone needs a skilful photographer. It is a low-investment business with high demand and great-paying jobs.

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The photography industry in India is valued at over INR 1 lakh crores and has been growing at a rate of 25 to 30 per cent. To start a photography business in Punjab, your initial investment would be anywhere around 1 lakh, depending upon the equipment you pick.

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And in case you do not wish to splurge that much, you can also rent them out. Lastly, to get yourself some clients, you can use social media as your marketing platform. Or, you could make an online portfolio using Fynd Platform.

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20. Meat and Poultry Business:

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Another business venture that you could try your hand at is Meat and Poultry business. In doing so, you could also collaborate with the local farmers there. Or, you could invest in your animal husbandry setup or a poultry farm. You could also set up your meat processing unit.

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These might be rather capital-intensive activities and require a lot of technical know-how. And to scale up your business, you can tie up with the local cafes, restaurants, hotels and supermarkets to have a fixed clientele. Or you could go online with the help of Fynd Platform.

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Fynd Platform helps you in creating an e-commerce store in less than 30 minutes. Not just that, it also provides you with a safe and secure payment gateway so that your customers’ data stays private.

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21. Virtual Assistant:

In case you are someone with good organisation skills, being a virtual assistant is something you can ace. The role of a virtual assistant is to aid the entrepreneurs and businessmen with scheduling their appointments, managing their tasks, performing administrative tasks, answering to calls and emails and so on.

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The requisites for becoming a virtual assistant are good communication skills, a strong hold over MS Office, powerful management skills and presence of mind. For becoming a virtual assistant, you need to have a proper system and a stable internet connection. We highly recommend opting for being a virtual assistant as this is something you could do at the ease of sitting at your home.

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22. Freelance Content Writing:

Ever since the pandemic, almost every business has switched to conducting their business online and this has also resulted in high demand for freelance content writers. Content writers are responsible for creating top-notch content for blogs, websites, corporate communication, PR publications, product reviews and so on.

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To be a successful content writer, you do not even need a degree or something, However, you need to be someone who is skilled at writing and is creative with a good command of language.

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23. Tutoring Business:

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Homeschooling was something that was not even considered to be a real thing two years ago but ever since the COVID-19 pandemic affected the masses, the need for tutors has skyrocketed.

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Given how high the competition is between the parents and how they are ready to pay any amount so that their kid gets the highest quality of education possible, good tutors have been in a lot of demand.

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If you are someone who has great knowledge or expertise in some specific subject and good teaching skills, you could any day become a successful tutor in Punjab. You can either do a home tuition thing or you could run an online tuition class with the help of Fynd Platform. By running online tuition, you can help the students learn interactively while earning more yourself.

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Here is your guide on How Can You Start an Online Tuition with Fynd Platform.

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23. Cleaning Services:

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It might seem weird to you at first but yes, offering cleaning services could be one of the best business ideas in Punjab. Cleaning a space for sure is not an easy job and if you are someone who can ace it, you must go for it.

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You could also hire people to do so and offer deep cleaning services or maybe come up with some weekly or monthly contracts where you offer cleaning and sanitation services. It could turn out to be a very profitable venture if executed well.

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24. Textile and Garment Manufacturing Business:

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Punjab is a leading hub for textile-based industries like garment manufacturing, spinning, cotton and wool fabrics and so on.

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In fact, as per a report, it was stated that Punjab is the second-largest producer of cotton and blended yarn with 70 per cent of the best quality of cotton being produced in the state.

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Therefore, you could for sure set up your textile and garment manufacturing unit in Punjab and turn it into a successful business with time. Not just that, you could also be an exporter of the uber-famous Punjabi Phulkari suits and dupattas.

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25. Bar On The Go:

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We are sure that you might not be expecting Bar as your business idea in Punjab. But this is something that for sure is worth the risk. A walk-in bar or a proper bar is something that is a sure shot of success but how about opening a bar that could satisfy people’s desire of relishing a cocktail in the middle of the day? Certain things that you need to keep in mind while starting a bar business are prime location, equipment, bartending skills, licenses and government permissions.

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Punjabis are known for their love for good alcohol. Why are you even hesitating in trying this business idea out?

And with that, we have come to an end to our guide on the 25 Best Business Ideas in Punjab. We hope it motivates you into starting one of your own. And we recommend using the Fynd Platform for running a successful online business due to the following reasons:

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• Ease of Building a Website/ Application

• Secure Payment Gateway

• Tracking and Analytics

• Feedback Capturing Mechanism

• Order Management System (OMS)

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Conclusion:

We hope Fynd Platform plays a pivotal role in your journey of starting a business in Punjab. Considering the many benefits you get, it surely is worth going for when it comes to running and managing your business venture.