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In recent years, India has experienced a technological boom marked by growth in production capacity, expansion of the service range, development in infrastructure, and progress in finance, among other avant-garde developments.

Overseas investors are keeping a close eye on India, particularly its Tier 2 cities like Udaipur and Jaipur, due to the immense potential of business concepts with a future at the core.

Innovation is heavily on the agenda in the context of Forex trading in India. If you’re a novice to the sector, download MT4 for PC to clarify your next steps in trading.

This article isn’t about describing unicorn IT startups with a billion turnover but rather bringing around smaller-scale entrepreneurial ideas. From engaging types of production with a local flavor to artisanal solutions for fruit sorting, every sector is empowered by breakthroughs.

1. Pallets for the Pharmaceutical Market

 The cutting-edge Indian company Pluss Advanced Technologies has released innovative Celsure® XL VIP pallets for the pharmaceutical market. What is so special about them? First and foremost, these pallets are exceptionally reliable, cost-wise, and durable.

Second, incorporating advanced technologies of vacuum-insulated panels (VIP) and original phase transition materials (PCM), Indian pallets ensure precise temperature control throughout drug transportation and storage. They boast extreme reusability and provide a first-rate ratio of payload to volume, making transshipment between air and road transport a breeze.

2. Lending to Low-Income Borrowers

 Indian tycoon R Thyagarajan earned his great reputation through lending to low-income borrowers who were on the black list with banks. The investor earned a fortune from giving loans for trucks, tractors, and other means of transport, Bloomberg states.

Thanks to his beyond effort, the Shriram Group has evolved into a conglomerate employing 108,000 professionals in various sectors ranging from insurance to stock market research.

Unbanked people in India heavily rely on so-called chit funds, a common type of collective savings scheme where each participant contributes a fixed amount monthly. The money is disbursed to a chosen participant each month until everyone has received their share to pay off.

Thyagarajan observed those individuals paying interest rates as high as 80% since banks wouldn’t do business otherwise. The innovator made up his mind to lend at rates lower than other options on the market.

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Consequently, rates dropped from 30-35% to 17-18%, and this bold step has paid off, as Shriram collects over 98% of its installments on time.

Let’s talk facts: of India’s 1.4 billion people, an estimated quarter lack access to the formal financial system. Meanwhile, as more people strive to join the middle class, Thyagarajan’s example illustrates the untapped opportunities offered by the world’s most populous country.

3. Harvest Sorting by Size

This next Indian idea is a completely different level, but its core lies in a blend of simplicity and genius.

Indians have come up with a clever, homemade method for sorting fruit by size. All it takes is a few boxes and two identical sticks placed next to each other: slightly closer at one end, slightly further at the other. As a result, if an apple is rolled across the sticks, it will fall into a box with apples of the same size.

You’ll agree, it’s more cost-effective than purchasing sorting machines. This fact is particularly true when you own a small orchard rather than hundreds of hectares.

4. Robots as Restaurant Employees

No longer a novelty, robot waiters are increasingly frequent in Indian restaurants. For example, the Yellow House Robot has recently started welcoming visitors in Noida, where unique, bright yellow machines greet diners.

The robots operate on the basis of AI technology patented by Indian engineers. To accurately serve food to diners, the tech-savvy waiters rely on a remote sensor that inputs the table number. A 12-hour shift requires approximately 2- 3 hours of charge for this Indian discovery.

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According to the owner, this is the chain’s fourth branch in the country, and thanks to innovative technology, robots have turned into a new brand while being busy with attracting potential customers.

5. Houses with Perforated Facades

Architecture firm Rahul Pudale Design has wrapped up the Porous Adobe building, a compact family residence with an eccentric perforated façade. Surprisingly, it is located on a narrow 6-by-15-meter lot.

According to studio director Rahul Pudale, the building was constructed for a growing family of four who moved out of rental housing. The client was keen on a space with courtyards, maximizing natural light and ventilation.

A well-established business concept represents a golden opportunity for future generations of Indians, aimed at promoting efficiency and visual appeal, along with high functionality in the hot Indian climate. Moreover, natural materials add to the practicality of this latest business idea.

The Bottom Line

India is undeniably a home to next-gen developments, and the concepts described above reinforce this opinion. Embrace a future where innovation meets expectation, masterfully flavored by Indian traditions and habits.

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