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Madurai is one of the top tourist spot as well as one of the fastest growing developing cities in Tamil Nadu. The opportunities here are endless and varied. Business opportunities are available in various sectors like IT industry, textiles, hospitality, software services, entertainment industry, manufacturing, real estate, health industry, etc.
Investing in Textile Industry in Madurai
Textile mills like Paramount and Thiagarajar Mills in Madurai are well known all around India. The company manufactures around 60,000 meters of fabrics every day, which has now become a world’s leading exporters and brand in India. Apart from this, there are number of textile industries operating in Madurai. Being famous for sungundi saris, batik and cotton fabrics, Madurai’s best business areas for textiles are Avanimoola, Thevangu Chetty Choultry, Puthumandapam and Chithirai Street. There is equal number of handicrafts, handlooms, fabrics and sari shops available all over, which each does their competitive part suitably.
Rubber and Rubber based Industry
In South India, the rubber plantation and industry is very limited. Among the few growing areas, Madurai is one among them. It occupies a very important and tremendous role in Rubber Industrial Society. It is said that the major parts of the district is covered with leading rubber and rubber based industries like TVS Srichakra (tyre manufacturing), Fenner India, Sundaram Industries (Coach Division, Rubber Division), Lanxes India and Hi-Tech Arai Limited. Automobile rubber components, sporting goods, mats, gloves and other utility products are produced by these industries. Moreover, they are exported all around India and neighbouring countries.
Small Businesses in Madurai
Madurai is famous for jasmine, with the top quality jasmine termed as ‘Madurai malli’ that is well known all over the country. They are farmed at the foothills of Kodaikanal and exported to northern parts of India and Middle East. These flowers are used for preparing perfumes. Other small businesses in Madurai include tea shops, restaurants, hotels, etc. As the city is covered with vast temples and historical monuments, people throng to Madurai round the year. During the festive seasons the city remains extremely populated which people rush for boarding and lodging hotels nearby the temples.
You may wonder whether the tea shop would really work out in Madurai. But to clearly mark out, there are number of traditional tea shops as well coffee shops around the city. It is said to turn out highly profitable due to the taste and price it is offered. Tourists staying in Madurai make sure to quench their thirst with few sips of tea or coffee and some cookies, biscuits during their city travel.
The investment options are huge in Madurai, where you can either start your own business or invest on property that would really give better profits in short period of time. If you are planning to start or run a new business and searching for good business guidance, then it is necessary to consult CED (Centre for Entrepreneurship Development). It is a government registered organization that aims to help individuals who are starting or running small scale businesses in Madurai. The opportunities and options are more, but it is important to choose according to an individual’s investment and work culture.
Address: Centre for Entrepreneurship Development CED-SIPO Campus No. 4, T.B. Road, Madurai- 625010. Phone: 0452 260 2455.