Key takeaways:

Assam is known for its culture and tea plantation but the economy is growing with time.
You can start a business from various sectors according to your skill level and interest.
Assam’s growing economy is giving a lot of business opportunities to students as well and different start ups.

Bonus tip:

The Industrial and Investment Policy, 2019 has been notified by the government of Assam. The aim of this policy is to make Assam a most preferred location for investment, industrial growth and increase employment level.

Assam, a place which is known for its beauty and tea plantation. With time, the economy of Assam is growing, making it a best place to start a business. You can easily start a new business from different sectors based on your skills and interest level.

There are many different business ideas in Assam for students as well like tourism business, starting a cafe, local handloom etc.

Reasons to start your business in Assam

Refer the below table to know the reasons to start your own business in Assam:

Reason to start your business	Description
Best location	Assam has a strategic location with easy access to northeast India and other countries.
Presence of natural resources	In Assam, natural resources like tea, oil and other minerals are also present.
Growing market	The economy of Assam is rapidly growing with increasing purchasing power.
Supporting government	The government of Assam is very supportive and has better policies and incentives to start a business.
Growing technology	With the increase in digital technology in Assam and enhanced infrastructure, it is an ideal place to start a business.

These are some of the reasons to start a business in Assam.

For example, the industrial policy of Assam has an aim to grow the economy of Assam by enhancing the infrastructure and making a business friendly environment.

Key factors to consider before a starting a business in Assam

The key factors to consider before a starting a business in Assam are:

Decide the scale of your business from large, medium, micro or small.
Market size like it can be international, national or local business.
The control amount you want on your business.
Amount of investment required for starting your business in Assam.
The risks and liabilities associated with the business and your capacity to bear them.
Compare different tax liabilities before starting your business.

It is important to consider the nature of business you want to start and the above factors before starting a new business in Assam.

List of best small and unique business Ideas in Assam

Below is the list of some small and unique business ideas in Assam suitable for students with low investments:

Tea bag manufacturing

Since Assam is famous for tea plantations, tea bag manufacturing is one of the most promising business ideas. It is a low investment business idea in Assam as it is one of the natural resources present there and only involves sourcing of tea and paper bags.

Tourism business

Assam has beautiful landscapes, culture and diverse wildlife making it a good tourist spot. To start a successful tourism business in Assam, you can offer guided tours to major attractions such as Kaziranga National Park, Kamakhya Temple, Majuli Island and tea estates of Assam.

Local handloom

You can run a small handloom business in Assam by selling products made from Eri silk, Muga silk, Paat silk or bamboo strings. These are some of the famous handloom materials in Assam and their demand among tourists is growing rapidly.

Ghost pepper

Bhut jolokia is a famous chilly in Assam and is more in demand since pandemic when people in Assam were making different dishes with this chilly. You can grow or sell chilly or chilly products in Assam with low investment as this is highly profitable nationally as well as internationally.

Fish farming

In Assam, there are many water bodies and there is a high demand for fish in the local markets. With a low amount of investment, you can set up fish ponds, procure fish seeds and ensure proper care and breeding. This is a good business idea for women in Assam as they can give proper care and time to the ponds and fish breeding.

There are many other business ideas in Assam for students and women like opening a beauty salon, custom clothing boutique,starting a cafe etc. you just have to decide the nature of business you want to start according to your skill levels and interest.

Advantages and disadvantages associated with the starting a business in Assam

Refer the below table to know the pros and cons of starting a business in Assam:

Advantages	Disadvantages
Assam holds a monopoly in production of Muga and Eri silk. It produces 97% of India’s muga silk and 65%of Eri silk.	Inadequacy of infrastructure facilities hold back the hilly regions from taking good advantage of minerals and natural resources.
Assam has the largest tea plantation in India with 50% of India’s total tea production.	Less transport and communication services in Assam which makes it difficult to grow a business.
Assam is the home to the Brahmaputra River basin with an annual flow of 537.2 billion cubic meters.	The flow of institutional finance is still very low in Assam as compared to other states in the country to start a business.
Assam is 2nd largest in producing jute with 1.6 millions bales annually.	The power sector in the State did not show much improvement over the years.
Assam is 4th largest in rubber production.	The Industrial Estates of Assam are inoperative due to lack of adequate facilities needed for growth of the SSI sector. The facilities of tool rooms, repair shops, quality control etc are poor or do not exist in and around the Industrial Estates of Assam.

These are some of the advantages and disadvantages of starting a business in Assam.

Conclusion:

Overall, Assam is an ideal place to start a new business for students and women with low investment. Assam is known for its culture and tea plantation but the economy is growing with time. There are many business ideas in Assam like tea bag manufacturing, cafe, handloom, beauty salon for women, students and business like local handloom is profitable because of natural resources in Assam.

FAQs:

Which business is most profitable in Assam?

Since Assam is famous for tea plantations, tea bag manufacturing is one of the most promising business ideas.

What are the best business ideas for a place like Assam?

There are many business ideas in Assam like tea bag manufacturing, cafe, handloom, beauty salon for women and students.

What is the main problem behind not having a successful local e-commerce in Assam?

E-commerce websites like flipkart, amazon have already occupied a big place in the market. Therefore local e-commerce in Assam is not that much successful.

What are the mistakes that should be avoided while building a business?

It is important to get the idea of business, research everything, and understand the shortcomings of your business idea. Ignoring these factors should be avoided.

What are the business ideas for students in Assam?

Students in Assam can start a cafe business, local handloom, tea bag manufacturing as these businesses require low investment.