Get a Quote
Get a Quote and Find Services to Fit Your Needs 50000+ Satisfied Clients
5000+ Licenses & Registration
15 Branches across India
75 Years + Combined experience
An eco-friendly business’s goal is to reduce its negative impact on the environment while still generating profit. Lately, eco-friendly businesses have been in trend because consumers are becoming increasingly drawn to companies that prioritize sustainability.
If you want to run a business which is profitable yet operates in a sustainable way, then you should consider opening an eco-friendly business. In this blog post, we will provide you with some eco-friendly business ideas.
An eco-friendly business is a business that gives utmost priority to environmental sustainability and minimizes the negative impact on the environment because of its sustainable business operations and products. An eco-friendly business is also known as green or sustainable business.
Businesses that try to address environmental issues and offer more sustainable alternatives to popular goods and services can be regarded as green businesses. For example, a handbag business that uses sustainable materials like vegan leather or recycled fabrics and adopts ethical production practices to reduce environmental impact is considered a green business. They may also offer eco-friendly packaging, recycling programmes, and carbon-neutral operations.
There are many popular eco-friendly businesses around the world. British luxury brand Stella McCartney uses organic cotton, recycled polyester, and vegan leather. Another Swedish brand Fjällräven uses sustainable materials and production techniques to manufacture their products.
Here are some of the trending eco friendly business ideas in India:
Electric rickshaws, more popularly known as e-rickshaws, are battery-powered vehicles that are environmentally friendly. They don’t use fuel like regular cars; they use batteries. As a result, they don’t release harmful gases into the air. This makes e-rickshaws a clean and green way to travel, especially in busy cities like Delhi.
E-rickshaws are easy to maintain and cheap to run. You can establish an e-rickshaw business and give your e-rickshaws on rent to drivers and take commission from them. What’s more, the EV policy in Delhi offers a subsidy of up to Rs. 30,000 per three-wheeler EV.
As more and more cities are looking for eco-friendly transportation, e-rickshaws are becoming extremely popular and are considered a smart, profitable business idea.
Solar energy refers to energy that comes from the sun. Producing electricity from sunlight instead of relying on polluting fuels is a great way to ensure sustainability. You can consider running a company that installs solar panels that can help people and business entities to save money on electricity bills while protecting the environment.
It is a profitable venture for business owners as governments generally offer financial support and people are increasingly looking for renewable energy solutions. If you offer solar energy panels at an affordable cost compared to other companies in the market while ensuring the same level of high-quality, you can run a profitable venture.
Many homeowners and businesses have started switching to solar power, and with time, the number is expected to rise. After all, it’s not only good for the environment but also their wallets in the long run.
Organic farming refers to growing food without using any harmful chemicals such as synthetic pesticides or fertilizers. In this kind of farming, only natural and organic fertilizers such as fish emulsion, vermicompost, rock phosphate, etc. are used. Organic farming helps to keep the soil healthy, protects the wildlife, and also prevents water pollution. Therefore, the organic farming business is one of the top eco friendly business ideas.
Many believe that foods produced from organic farming may have more vitamins, minerals, micronutrients, and enzymes than non-organic foods. Because of this, it is considered a healthier option and high in demand. Many farmers engaged in organic farming sell their organic products at a higher price.
Even the government supports more and more farmers to adopt organic farming because it’s good for the environment. Additionally, businesses that produce organic products, such as organic pickles and fruit juices, have found opportunities to earn substantial profits by offering these products at higher prices compared to their non-organic counterparts.
You can consider getting an NPOP certificate if you plan to run an organic food business. The NPOP programme, an initiative run by APEDA under the Ministry of Commerce, sets standards for organic agriculture products in India and promotes organic farming. If you plan to run an organic business, then you should obtain NPOP certification. With this certification, you can use the "India Organic" mark on your products, guaranteeing your consumers that your products meet organic standards.
If your passion is fashion, then why not mix fashion with sustainability? By running a sustainable fashion brand, you can manufacture clothes in ways that aren’t harmful to the environment. You can use eco-friendly materials and avoid waste by recycling or reusing old clothes.
Sometimes, the cost of making sustainable clothes may be higher. However, because of this, you can charge higher. Many customers are willing to purchase sustainable clothes by paying a higher price as they care about the planet. By running a sustainable fashion brand, you can contribute towards minimizing pollution and also build trust with customers, and propel your business towards long-term success.
Vegan cosmetics refer to beauty products that are made without using animals or animal-based ingredients. These products do not go through animal testing, and often use plant-based ingredients, making them a popular choice for people who care about animals as well as the environment.
Cosmetics like vegan lip balms, lipsticks, mascaras, eyeshadows, etc. can be sold at higher prices because many people prefer to use cruelty-free beauty products on their skin. This makes running a vegan cosmetic brand a profitable business that is kind towards both animals and mother earth. A popular example of a vegan make up brand in India is Plum. It is not only PETA-certified but also paraben-free.
An eco-friendly business is good for the environment. But how does it benefit a business owner to run an eco-friendly business? What do they get out of it?
Let’s find out the benefits of running an eco-friendly business as a business owner:
Businesses can save costs by adopting eco-friendly practices such as conserving energy and water, using energy-efficient equipment, recycling, using water-saving devices, using solar power and reducing waste.
When companies use sustainable methods in their business that benefit the local community, they are able to gain local support and loyalty from them.
Green businesses develop a positive reputation amongst their clients and business partners who value sustainability.
By adopting sustainability measures, the business may become more efficient.
You can sell your products at a higher price if they’re manufactured through an eco-friendly process. As long as the method is environmentally friendly, many consumers who care about the environment will be willing to pay a higher price.
Publicly listed green companies may find it easier to secure funding through stock exchanges, as many investors prefer to support businesses committed to sustainable practices.
The Government of India actively supports eco-friendly businesses by coming up with new initiatives every now and then. Some of the initiatives have been explained below:
The National Safai Karamcharis Finance and Development Corporation (NSFDC) offers financial support for businesses that can help with climate change through its Green Business program. Solar energy devices, e-rickshaws, and poly homes are among the activities that qualify. To apply for the scheme, the applicant should belong to the Scheduled Caste category.
The Ecomark Scheme is a government-run scheme administered by the Bureau of Indian Standards (BIS) in collaboration with the Central Pollution Control Board (CPCB). It certifies and labels consumer products that meet certain environmental criteria.
A broad range of products, including soaps, detergents, paints, food items, batteries, electrical and electronic goods, cosmetics, etc. are covered by the Ecomark Scheme. Businesses manufacturing eco-friendly products can apply for this scheme with BIS by using the prescribed form.
Startup India Scheme is an initiative of the Indian Government. It supports innovation across various sectors, including the green energy sector. By registering as a startup under the scheme, businesses can receive tax exemptions under 80IAC and Section 56.
You can establish a startup to address renewable energy, sustainable development and launch environmentally friendly technologies. To be eligible for the Startup India scheme, a company must be a private limited company, have an annual turnover of less than Rs. 25 crore and individuals applying for the scheme must be over the age of 18.
Eco-friendly businesses focus on minimizing environmental harm while being profitable. By opening a green and clean business, you can avail long-term advantages such as cost savings, strong reputation, and increased customer loyalty. Additionally, even the Government of India actively supports green businesses through various initiatives such as Green Business Scheme and the Startup India Scheme.
You can explore green business opportunities like e-rickshaws, solar panel installation, organic farming, sustainable fashion, and vegan cosmetics to contribute to a healthier planet while achieving business success.
Want to register an eco-friendly business with Registrar of Companies? Connect with Registrationwala for assistance.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
Want to know More ?
