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Best Business Opportunities in Sikkim - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Sikkim is an Indian state situated in the Himalayas and is known to be landlocked. It is the least populous state in the country and the second smallest in area after Goa. In the past few years, the Sikkim Government has tried its level best to promote tourism in the state and has been successful in its task as well. The world's third highest mountain, Mt. Kanchenjunga, dominates this tiny Himalayan State with its beauty and majesty. The State is one of the 18 biodiversity hotspots in the world. It includes nearly one third of the total species of angiosperm found in the country; around 4,000 species of flowering plants; 300 species of ferns and allies; 144 species of mammals; 500 to 600 species of birds and so on. Rare Blue Sheep, Tibetan Mastiff, Yaks and Red Pandas are also found here. Such natural beauty along with ideal climatic condition of the State augurs well for the tourism industry. The green image of the State has made it an attractive investment destination.

It is a popular tourist destination owing to its culture, scenery and biodiversity. Kanchenjunga the world’s 3rd highest peak is the state’s highest point. The state’s economy is largely agrarian based on the terraced farming of rice, it also produces more cardamom than any other Indian state and is home to the largest cultivated area of cardamom. It lacks a large scale industrial base, brewing, distilling, tanning and watch making are the main industries. Noodle based dishes such as thukpa and chowmein are common, it is also the 3rd highest per capita alcoholism rate amongst all Indian states.

In Sikkim, agriculture is the main occupation of the inhabitants. Agriculture in Sikkim seems to be the basis of the socio-cultural pattern of the territory.

Sikkim is blessed by a fertile land that largely supports agriculture. The topography and the climatic condition of Sikkim is favorable for agriculture at Sikkim. Therefore, Sikkim witnesses a high yield every year. Among the chief crops grown in Sikkim are:

Wheat

Paddy

Maize

Barley

Buck wheat

Cardamom

Potatoes

Tea, etc.

It is noteworthy that Sikkim produces the highest amount of Cardamom in India. Sikkim is also known for housing the largest area of Cardamom field within the territory. Cardamom is among the two cash crops of Sikkim, besides potato. Sikkim is known for producing a special variety of tea that is known for its taste and quality throughout the world. One might come across a number of tea estates in Sikkim that form an integral part of Sikkim agriculture.

The important mineral resources of the state are copper-lead-zinc and silver reported in Bhotang, Rangpo and Dikchu in East Sikkim district. Occurrences of other minerals like dolomite, quartzite and steatite are reported in West Sikkim district. Limestone in North Sikkim district and Marble in East Sikkim and North Sikkim districts.

·         Bamboo and Cane Craft are deep rooted in traditional culture of the state.

·         Producer of Carpets of varied designs and high quality.

·         Handloom Products are famous for their beauty and intricate design.

·         Apparel and Garment making Unit at Barfok.

·         Carpet weaving at Makha.

·         Candle making at Namchi.

The above mentioned points proves that Northeast India has the potential to produce the country’s finest silk products, the same of which can be exported outside the country, elevating the economic standard and status of the Northeastern states besides putting Northeast in the cultural map of the world.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Bio-Degradable Products from Sugarcane Bagasse (Plates, Bowls, Spoons and Cups)

Bagasse is the name for the residual fibers that remain after the squeezing of sugarcanes at the sugar production. Usually, they consist of 40 – 60% cellulose, 20 – 30% hemicellulose, and about 20% lignin. Bagasse product can handle hot, wet or oily foods, and are completely compostable after use. They are soak proof, have no plastic or wax lining applied to them and can be used for both hot and cold items. More than that, they are absolutely beautiful in a light natural color. ? The demand for disposable cups, plates, bowls, spoons is increasing at a rapid rate. The global sales of disposable cups is expected to surge steadily at 5.1% CAGR, procuring revenues from sales of over 850 Bn units towards the end of 2026. Around US$ 3.6 Bn is the global disposable plates market standing in 2017 and it is estimated to reach an evaluation of about US$ 6.4 Bn by 2027. Today Bio-Degradable Products is used by Haldiram’s outlets in Delhi and NCR, Cinnabon, Delhi Airport, schools across the country and is even available on Amazon and Snapdeal. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: Bio-Degradable Products (Plates, Bowls, Spoons & Cups) :500 Kgs/DayPlant & machinery: 175 lakhs
Working capital: -T.C.I: Cost of Project : Rs 233 lakhs
Return: 1.00%Break even: 69.00%
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Aluminium Foil

Aluminium foil is aluminium prepared in thin metal leaves, with a thickness less than 0.2 millimetres (8 mils), thinner gauges down to 6 µm (0.2 mils) are also commonly used. Standard household foil is typically 0.016 millimetres (0.6 mils) thick and heavy duty household foil is typically 0.024 millimetres (0.9 mils). The foil is pliable, and can be readily bent or wrapped around objects. Aluminium foil is produced by rolling sheet ingots cast from molten aluminium, then re-rolling on sheet and foil rolling mills to the desired thickness, or by continuously casting and cold rolling. There are around 10 Major Aluminium Foil manufacturers in India with rolling capacity of around 10000 tons per month to cater the total demand of around 12000 tons per month in different field of pharmaceuticals and flexible packaging industries. the Global demand for aluminium foil is forecast to expand 8.7% p.a. between 2014 and 2018. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Amco India Ltd. • Annapurna Foils Ltd. • Archer Metal Ltd. • E C K Haubold & Laxmi Ltd. • Flex Art Foil Ltd. • Gallium Industries Ltd.
Plant capacity: Aluminium Foil Food Grade (thickness 0.006 mm to 0.150 mm) : 24 MT/DayPlant & machinery: 310 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1253 lakhs
Return: 29.00%Break even: 52.00%
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Readymade Khaini (Geeli)

Khaini chewing, a form of smokeless tobacco is viewed to be relatively harmless by the rural folk. Khaini is tobacco with slaked lime. The negative consequences of stress as a risk factor for cardiovascular disease and reduced human performances are well studied. Stress is known to change the balance existing between the sympathetic and the parasympathetic divisions of the autonomic nervous system. Khaini chewers are likely to suffer from mental and physical exhaustion, leading to stress. The data revealed that khaini consumption in Maharashtra increased to 15.5% in 2016-2017 from 14.5% in 2009-2010. Similarly, consumption of gutkha increased from 8.3% to 8.6%.smokeless tobacco products is higher among women as compared to men. For example, the consumption of betel quid with tobacco is 3.8% in women as compared to 3.6% in men. Similarly, tobacco for oral application is 8.2% among females, compared to 1.9% in males. The consumption of snuff in women is 1.3% compared to 0.4% in men.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Baba Global Ltd. • DharampalPremchand Ltd. • PrabhatZarda Factory India Pvt. Ltd. • Unicorn Packers Pvt. Ltd.
Plant capacity: Geeli Readymade Khaini (Packed in 15 gms& 30 gms Size): 1 MT/DayPlant & machinery: Rs13 lakhs
Working capital: -T.C.I: Cost of Project : Rs123 lakhs
Return: 72.00%Break even: 27.00%
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Corrugated Cartons

Corrugated boxes form an integral part of the packaging industry. These are found everywhere helping people shift both domestic as well as industrial items safely from one place to the other.Corrugated boxes form an integral part of the packaging industry. These are found everywhere helping people shift both domestic as well as industrial items safely from one place to the other. A corrugated box is quite strong and can withstand huge weights. These boxes are especially made of cardboard. Also there are partitions which basically protect items inside and hold them in place so as to avoid damage. The global market for corrugated boxes is forecast to grow from $63.29 billion in 2016 to reach $76.76 billion by 2021, at an estimated CAGR of 3.94% with flexography printing and slotted boxes accounted for the largest market share due to the growing demand for environment-friendly packaging and growth of the e-commerce industry.. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Archis Packaging (India) Pvt. Ltd. • Astron Packaging Pvt. Ltd. • Brown Kraft Inds. Ltd. • D B S Packaging Pvt. Ltd. • Deccan Polypacks Ltd. • Deveshi Packaging Pvt. Ltd.
Plant capacity: Corrugated Boxes: 3500 Kgs./DayPlant & machinery: Rs 44 lakhs
Working capital: -T.C.I: Cost of Project: Rs227lakhs
Return: 25.00%Break even: 56.00%
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Arabic Gum

Gum arabic is a complex mixture of macromolecules of different size and composition (mainly carbohydrates and proteins).Gum Arabic, also known as Gum Acacia, is a natural gum harvested from the exterior of Acacia trees in the form of dry, hard nodules up to 50 mm in diameter, and ranging from almost colourless to brown. Its unique properties endow it with a wide range of uses in food, beverage, pharmaceutical and industrial applications. The growth of the global market is driven by the rising income levels, multiple functionalities of gum arabic in the food & beverages industry, and the rising awareness regarding the medicinal benefits of gum arabic. Global Industry Analysis and Forecast, 2017-2025,” indicate that the market, which is presently worth nearly US$ 300 Mn, will expand steadily at 5.4% CAGR.Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Continental Chemicals Ltd. • Finar Ltd. • India Glycols Ltd. • Naveen Enterprises Ltd. • Rishi Trading Co. Ltd. • Shree Gums Pvt. Ltd.
Plant capacity: Arabic Gum: 16 MT/DayPlant & machinery: Rs 81 lakhs
Working capital: -T.C.I: Cost of Project: Rs361lakhs
Return: 28.00%Break even: 57.00%
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Hot Melt Adhesives For Corrugation Board

A thermoplastic, polymer based adhesive which is applied in the molten state and which functions primarily by mechanical anchorage. We can define hot-melt adhesives as thermoplastic materials, solid at room temperature. When heated above their melting point, they become fluid and are able to wet the surfaces to which they are applied.Generally, a quantity of fluid hot melt is applied to one or both of the surfaces to be joined and the surfaces are brought together. Hot Melt Adhesives be defined as adhesives that melt and flow on application of heat and solidifies on cooling to give a strong adhesion.The global market for hot melt adhesives is expected to reach 2, 379.9 Kilo tons by 2020, growing at an estimated CARGR of 5.1% from 2014 to 2020.The market size of all types of adhesives is very large and growing. Of this, the premium products account for some 45%. Quantitatively, the overall market size is growing annually at 11%. Adhesives market in India is projected to cross US$ 1.3 billion by 2025.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Anabond Ltd. • C I C O Technologies Ltd. • D H Resins & Chemicals Pvt. Ltd. • Golden Chem-Tech Ltd. • H B Fuller India Adhesives Pvt. Ltd. • Henkel Adhesives Technologies India Pvt. Ltd.
Plant capacity: Hot Melt Adhesive: 1 MT/DayPlant & machinery: Rs 63 lakhs
Working capital: -T.C.I: Cost of Project: Rs254 lakhs
Return: 28.00%Break even: 52.00%
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Macaroni, Spaghetti, Vermicelli and Noodles

Macaroni are made from wheat flour, carbonic salt water, pure salt, soft water and other additives. Carbonic salt water with sodium or potassium carbonate as the main constituent is an important additive giving the stickiness, elasticity, smoothness and good taste.Macaroni is a variety of dry pasta traditionally shaped into narrow tubes, produced in various shapes and sizes.Spaghetti is a long, thin, solid, cylindrical pasta. Spaghettoni is a thicker form of spaghetti, while capellini is a very thin spaghetti. It is a staple food of traditional Italian cuisine.In India, vermicelli is made from plain wheat flour or maida but in most of the western countries. Atta or maida noodles is a ready to cook and serve snack food which has become very popular in India in the recent years after its introduction on mass scale of M/s. Food Specialties Ltd, New Delhi under the brand name "Maggi" which is an instant noodle made out of flour. India is the world’s second largest producer of food next to China but accounts for less than 1.5% of International food trade.The global market for pasta can be classified into spaghetti, macaroni, and noodles.“In the Indian pasta market, which is estimated at Rs 700 crores, over 70% of gourmet pastas are manufactured by Indian brands,” said Udit Jain, Director of Rajdhani Group.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bambino Agro Inds. Ltd. • C G Foods India Pvt. Ltd. • Capital Foods Ltd. • G D Foods Mfg. (India) Pvt. Ltd. • Inbisco India Pvt. Ltd. • Indo Nissin Foods Pvt. Ltd.
Plant capacity: Spaghetti (250 gms Size): 2,880,000Packets/Annum Spaghetti (450 gms Size): 1,600,000 Packets/Annum Macaroni (500 gms Size): 1,920,000Packets/Annum Vermicelli (500 gms Size): 1,920,000 Packets/Annum Noodles (36 gms Size): 6,666,666Plant & machinery: Rs 128 lakhs
Working capital: -T.C.I: Cost of Project: Rs595lakhs
Return: 28.00%Break even: 58.00%
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Roller Flour Mill with Packaging (Automatic Plant)

Roller Flour Milling sector processes around 12 – 15 per cent of the total wheat consumed in the country, the balance being processed through Stone Chakkis. The purpose of the milling process is to break up the grains of wheat into flour (which comes from the centre of the grain, or endosperm), bran (the skin of the wheat), and pollard (the dusty material created during the grinding process). Whole meal flour is a blend of flour, bran and pollard in the proportions in which they occur in the grain. The Packaged Wheat Flour Market in India started breaking the old age traditions of grinding wheat at local Chakki mills by growing at a whooping Compound annual growth rate (CAGR) of 19% and may likely to be double the current size by end of this decade. However, the wheat flour market largely dominated by local chakki mills in India; the branded packaged wheat flour segment is emerging rapidly in the country by offering better quality, nutrition and convenience.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Ambe Agro Inds. Ltd. • Arpan Foods Ltd. • Aruppukottai Shri Ramalinga Roller Flour Mills Ltd. • B P Food Products Pvt. Ltd. • Bambino Food Inds. Ltd. • Bannari Amman Flour Mill Ltd.
Plant capacity: Maida: 40 MT/Day Sooji: 15 MT/Day Wheat Flour: 8 MT/Day Wheat Bran: 17 MT/Day Besan: 20 MT/DayPlant & machinery: Rs 290 lakhs
Working capital: -T.C.I: Cost of Project : Rs806lakhs
Return: 29.00%Break even: 56.00%
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Adhesive (Fevicol Type)

Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odourless, tasteless, non-toxic, essentially clear and colourless resin. The resin is unaffected by sunlight, ultraviolet light and air, furthermore it will absorb a small amount of water.WPA is the highest level of “wet strength.” This in itself is a misnomer in that all starch is water soluble. They are also used in glueing of furniture, the clay coating of paper, non-woven fabrics and many other applications. The manufacture of adhesive from synthetic resin is simple and can be started with a very little investment. The most advantageous factor in this plant is that it can be switched over to any type of adhesive as per market demand.The market size of all types of adhesives is very large and growing. Of this, the premium products account for some 50%. Quantitatively, the overall market size is growing annually at 15%.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Anabond Ltd. • Arofine Polymers Ltd. • C I C O Technologies Ltd. • Century Ply boards (India) Ltd. • D I C India Ltd. • F C L Technologies & Products Ltd. • Feroke Boards Ltd.
Plant capacity: Adhesive (Fevicol Type): 8 MT/DayPlant & machinery: Rs 42lakhs
Working capital: -T.C.I: Cost of Project: Rs264lakhs
Return: 28.00%Break even: 62.00%
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Chili Oil

Chili oil is essentially dried chilies, preserved in oil. It adds a delightful kick to whatever dish you’re using it in. Commonly used as a finishing oil for risottos, pastas and seafood, it’s also a great oil for any stirfry. Chili also called red pepper belongs to the genus capsicum, under the solanaceae family. They are believed to have originated from South America. Chilies are referred to as chilies, chile, hot peppers, bell peppers, red peppers, pod peppers, cayenne peppers, paprika, pimento, and capsicum in different parts of the world. Total world chili oil demand to increase by 1.4 million bpd, which makes India's expected growth of some 300,000 bpd the most significant source of growth for crude producers outside of China's expected lift in demand of about 380,000 bpd.Entrepreneurs who invest in this project will be successful.
Plant capacity: Chilli Oil: 27,300 Kg./Annum Oleoresin: 122,700 Kg./AnnumPlant & machinery: Rs 1828 lakhs
Working capital: -T.C.I: Cost of Project: Rs2450 lakhs
Return: 27.00%Break even: 45.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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