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The Vellore is one of the most vital and vibrant districts in terms of industrial development in the state. Vellore is among the top 10 contributors to GDP of the State, it contributes USD 3.8 billion in GDP of Tamil Nadu. The service industry has been playing a vital role in the economy of this district.
The district provides enough scope for the development and growth of various industries. The investments have been observed to be happening in Trade, Hotel & Restaurants, Banking & Insurance, Real estate, Construction and Manufacturing.
Here are the following business ideas which can yield you higher profits in Vellore.
Leather Industries
The leather industry occupies a very important place in Vellore city. Vellore contributes a major share in country's leather export. The city accounts for more than 37% of the country's export of leather and leather-related products such as shoe uppers, shoes, garments, and so on.
There are 1,226 leather units spread over in the district mainly in Alangayam, Madhanur and Wallajah blocks. Vellore has a dominant presence in the leather and leather based industries.
Therefore, starting a business in leather industries will help you gain huge revenues.
Textile and Handloom business
Textile and handloom are the oldest and one of the biggest industries in the country. It provides large-scale employment to millions of people and is a source of foreign exchange earner.
Textile mills are concentrated in various places of Vellore such as Sholinger, Gudiyatham, Kaveripakkam, and Arakkonam. The Government of Tamilnadu is also extending various financial assistance for encouraging the textile & handloom businesses. Thus, Investing in this business will be a successful business move.
Medical Tourism
Vellore a hub for tourism and has emerged as one of the leading tourist destinations for both domestic and foreign tourists. With cheap and quality tertiary medical care available in Vellore, it has witnessed the largest numbers in medical tourism in India.
Medical tourism business is finding the right places with the right medical services for your clients and arranging a hassle-free trip for them. Investing in a medical tourism business in Vellore will be a profitable business opportunity.
