Tamil Nadu is one of the most visited Indian states among foreign travelers.
Tamil Nadu currently holds the second largest economy in India. Being one of the most industrialized states of India, the business opportunities this state offers has tremendous potential for investors, franchisors, and entrepreneurs to make quick money while succeeding in their business.
Tamil Nadu is one of the most visited Indian states among foreign travellers. It is also well-known for a lot of things, like rich culture, healthcare, amazing delicacies, Ayurveda etc, which adds to its popularity.
Below is the list of best business ideas which will yield you huge profits in Tamil Nadu.
Tamil Nadu is renowned for providing quality healthcare services at affordable cost. The state attracts about 45 per cent of health tourists from abroad and 30 to 40 per cent of domestic health tourists. The capital of Tamil Nadu, Chennai has been termed as the “Health capital of India”.
Thus, Tamil Nadu is one of the best places to start a healthcare business for higher revenues.
As India is witnessing numerous sports gaining recent popularity, establishing sports coaching business might be a lucrative business option for entrepreneurs and franchisors. For every successful player, coaches play a vital role as they deliver instruction, training, and direction to a sports team or an individual player.
According to a market research by IBISWorld, the sports coaching industry is an $8 billion business, growing annually at the rate by 3 percent.
Sports coaching business is a onetime investment requiring approximately Rs 10-12 lakh with an ROI 13-17%.
The add-on investment could differ, depending upon the sports you choose for providing coaching.
The leather industry occupies a very important place in Tamil Nadu. Vellore District in Tamil Nadu 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. Tamil Nadu has a dominant presence in the leather and leather based industries.
Therefore, starting a business in leather industries will help you gain huge revenues.