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>4 Most Profitable Small-Scale Mechanical Business Ideas for Engineers
Posted by arwindsharma on April 12th, 2019
With the ease of doing business index in India witnessing a significant jump over the years, many mechanical engineers have embraced entrepreneurship. In 2018, India ranked 77th [1] in this index released by the World Bank and schemes such as Make in India and Startup India have prompted mechanical engineers to set up their venture. This article focuses on four potential profitable small-scale mechanical business ideas that can help you garner profits in the long run.
Video surveillance
The Indian video surveillance market has grown by leaps and bounds over the years and is projected to grow at a CAGR of 16.4% [2] during 2018-24. Owing to rising security concerns due to theft Cheap Womens NFL Jerseys , natural disasters, terrorism, etc., law enforcement agencies have stepped up surveillance infrastructure across the nation.
Experts believe that the development of smart cities will further fuel the need for video surveillance in the coming days. Also Cheap Mens NFL Jerseys , many municipal bodies are actively upgrading security within their respective jurisdictions by installing closed-circuit television cameras at important locations. Thus, venturing into video surveillance can be a profitable mechanical business idea using the concept of business intelligence.
Warehouse automation
The warehouse automation market in India is on the cusp of a rapid development, primarily due to the rise of e-commerce and organised retails sectors in the country. Also, with the implementation of Goods and Services (GST) tax Cheap NFL Jerseys Online , companies are consolidating their smaller warehouses to create a bigger one to cater to a larger region.
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