Product Ideas for Manufacturing Startup

[krishnat]

Hi all.

I would like to start a manufacturing business in India. Can you suggest me which product would be better.

 

[reynald]

Re: Idea for Manufacturing Startup

It depends on the location where you want to have it.
Start first with market analysis - who are your target market, what are their needs, how vast is your planned distribution network

I don't think there is a straightforward answer to this question about product but there is a step-by-step procedure to know the answer to it

 

[krishnat]

Dear Reynolds

Thanks for your reply.

Can I start market analysis with history of imports to India. Which material is sharing maximum imports to India.

Can I start with this kind of approach

Regards

 

[reynald]

Yes,
That is exactly what I did when I created a feasibility analysis.
I looked at top imported goods and want to capture that market.
Next step would be who's using them and where are they located.

 

[krishnat]

Thanks Reynold.

Can you give me idea where to get actual data of imports.

Regards