With the rapid advancement in electronics sector and technology upgradations, one can witness that electronics businesses in India are easy to get a head on with. This rapid growth globally can be seen with the increase in power generation capacity as well as expansion of transmission and distribution lines. The Indian Electronics Industry is in boom because of many reasons, but biggest one is due to, cost-effectiveness.
The industry comprises large, small and medium enterprises as well as foreign players who have a direct presence or through collaboration with domestic players. An electronics business provides you with a variety of mechanical parts and parts including cell phone, television, cameras, laptops, and peripherals. The United States, Japan, and Korea are the top three electrical and electronic goods manufacturing country in the world. The United States of America is the largest producer of electronic products in the world, contributing a total share of around 21%. Furthermore, it also occupies the largest market share with about 29% of the global market.
Here are some top electronics business ideas in India for you:
Top 7 Electronics Business Ideas In India
1. Laptop Store
Laptops are most important electronic devices since the trend of online classes and remote work has been started. They are always going to be in demand in the professional as well as in academics field. Also, since the lockdown got extended, so all of the work was done on laptops. The most important and latest development that favors high demand for laptops is the growing number of people working from homes. It becomes important to create a stock and list of brands tat sell better in your locality before you even start your business.
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2. Computer Repair
Majority of the electronic devices such as computers can not always resist faults such as sudden shutdowns, and several other hardware-software faults. And ow when everyone owns a computer and laptop can be your potential customers for computer repair services. People with less knowledge about how to repair their devices on their own, rushes to the repair shops. This can provide you with opportunity to use your computer repair skills and earn income.
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3. Cellphone Retailer And Repair
When everyone on this globe uses a cellphone, then everyone needs someone who can sell as well as repair their devices when at minimal faults. In fact, it is hard to live even a single second without a phone. Since smartphones don’t come up with a life warranty, and hence, everyone needs a repair. Whether it is hardware or software repairing, usually one can’t do it on their own. From my opinion, it is one of the best idea to open a cellphone retail business.
4. LCD and LED Shops
Earlier it was CRT television sets which were best-seller once, but now everyone has shifted to high-quality LED and LCD televisions. Since then, the demand for these LCDs and LEDS is growing all around the nation. Therefore, you may also want to own an LCD and LED retail store.
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5. CCTV Camera Retailer
CCTV cameras are growing in use for monitoring inside out of residential and commercial places. From your home to retail shops and even streets and, national highways are recorded with CCTVs. When everyone owns a CCTV, then keeping this in mind you can also own a CCTV retail business.
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6. Solar Panel Installation
Solar panels installation is a business with a golden future. When each and every technology is working on how they can conserve energy, then solar panel is one of the best ways you can do it. Big societies or big homes and flats with automation technology consumes more electrical power, so everyone on this globe constantly strives for a better alternative that leave no impact on environment. So, before starting the business, you just have to learn how to offer solar panels installation in your society.
7. Start A Blog
And if none of the above works out for you, then an informative blog can also work great. If you have a background with electronics engineering and also have a passion for writing, then a resource blog can help many people out there with some knowledge. Starting a blog is very easy and since, electronics industry is experiencing remarkable growth these days. So, this is absolutely a right time for starting a business in the industry for the engineers.
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And getting a head-on with an electronics business idea is such a golden plan for all of the electronics engineers out there. The fact that electronics industry is one of the flourishing and extremely diversified sector, so an individual with experience and knowledge can start a business in this field. And believe me, there is no such thing as failure in this field, since Electronics is in Boom!
Author: Avantika Bhardwaj
Source : https://startuptalky.com/profitable-electronic-business-ideas-india/
Date : 2020-08-25T16:45:00.000Z