A complete guide on how to start Manufacturing Business / unit in India?
To start ones’ own manufacturing business is a fascinating thought. With the government’s “Make in India” movement, many business enthusiasts have come on the front to start their own manufacturing unit. However, Manufacturing industries are regulated by different Government Authorities like any other industries.
Table of Content
What is manufacturing business?
Manufacturing is a procedure where the raw material and parts of goods are processed to create one final product or goods. The processing includes use of tools, human labor, processing via machinery and chemicals.
Business structures that can be registered as Manufacturing Business in India
A Manufacturing business in India can opt for any of the following business structures:
- Private Limited Company
- Public Limited Company
- Limited Liability Partnership
- One Person Company
- Sole Proprietorship Firm
- Partnership Firm
If a foreign person wishes to start a business as a Manufacturing unit or company in India then he may register his business as an Indian Subsidiary However the answer for “How to start a business in India?” remains the same. So, let us have a look at the process for starting a business.
Flow chart of Manufacturing Company Registration in India
With many entities looking to set up business in India, there are a few things to consider when you’re going for registering your business in India. With that in mind, we’re happy to present a few fundamental documents / requirements that are necessary for registering any business in India. Below is the list of documents required to for starting a business in India.
Documents required to start a Manufacturing business in India
Start-Up India Registration
Now if you are a Start-Up, then you might require some more registrations and licenses, what are they? Let us have a look at the whole list of Registrations and Licenses required for registering a business as a startup in India.
The Government of India’s make in India program, Policies of Ease of Doing Business, Large labour pool has certainly opened up the country’s long stagnating domestic manufacturing sector not only to the local investors but for the investors around the globe. There is a vast number of types of business that can be done in India successfully. Recently there has been a trend for businesses that can be run successfully via infinite digital & online platforms and the government has also supported this by digitizing the methods of registering a business in India.
Suggested Read: Why would it be good move to start an IT business in India?
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