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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.

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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.

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Dehydrated Fruits

Dehydration is a process by which shelf life of the fruits can be extended by evaporating water while preserving the taste.Dehydrated products can be used during off season and the fresh produce of far off places can be saved from decomposition due to severe weather conditions and inefficient transport facilities. It is one of the oldest methods of preserving fruit is removes moisture stops the growth of bacteria, yeasts & molds that normally spoil fruit. The Indian dried fruits industry size is currently pegged at Rs 15,000 crore (4,50,000 tons approx.). By 2020, this is likely to reach almost a million tonnes in volume, leading to an industry size exceeding Rs 30,000 crore. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • EstelAgrotech Ltd. • Freshtrop Fruits Ltd. • Infragro Industries Ltd. • Konkan Mango Processing (Ratnagiri) Pvt. Ltd. • Peninsular Agro Pvt. Ltd. • Ready Foods Ltd.
Plant capacity: Dehydrated Fruits: 400 Kgs./dayPlant & machinery: Rs. 1084 lakhs
Working capital: -T.C.I: Cost of Project : Rs1425 lakhs
Return: 26.00%Break even: 45.00%
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Magnesium Sulphate (Fertiliser Grade)

Magnesium Sulphate is commercially available as heptahydrate, monohydrate, anhydrous or dried form containing the equivalent of 2-3 waters of hydration.Magnesium Sulphate occurs naturally in seawater, mineral springs and in minerals such as kieserite and epsomite.Magnesium Sulphate is used as fertiliser for supplying trace amounts of magnesium and Sulphate to the plant. Magnesium Sulphate of fertiliser grade manufactured by using magnesium ores. ? The fertilizers market in India is expected to reach a market value of USD XX in 2022 from USD 27.1 billion in 2016, growing at a CAGR of XX%.Global Magnesium Sulphate Market has very wide market in 21st century and it has been valued as $ 10,731.05 million by 2027 with a CAGR of 4.28%.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Liberty Phosphate Ltd. • Mahavir Green Crop Ltd. • Narmada Bio-Chem Ltd. • Pioneer Magnesia Works Pvt. Ltd. • Samruddhi Nutrients India Pvt. Ltd. • Sikko Industries Ltd.
Plant capacity: Magnesium Sulphate (Fertiliser Grade): 24 MT/dayPlant & machinery: Rs. 147 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 434 lakhs
Return: 28.00%Break even: 56.00%
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Caffeine from Tea Waste

Caffeine belongs to a family of naturally occurring compounds known as xanthines. The xanthines, which come from plants, are possibly the oldest known stimulants. Caffeine is widely used in pharmaceuticals as free base and mixtures, such as 'Citrated Caffeine’s caffeine and sodium benzoate. Caffeine is very much used as a stimulant of the central nervous system and also as a diuretic, although its action as a diuretic is weaker than that of the ophyline. There is about 10% demand growth increase per annum. Up to 400 milligrams (mg) of caffeine a day appears to be safe for most healthy adults. That's roughly the amount of caffeine in four cups of brewed coffee, 10 cans of cola or two "energy shot" drinks.The global caffeine market is predicted to expand at a steady CAGR of around 2.5% by 2022.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Aarti Drugs Ltd. • Aarti Industries Ltd. • Ankur Drugs &Pharma Ltd. • AstecLifesciences Ltd. • Bajaj Healthcare Ltd. • Bengal Chemicals & Pharmaceuticals Ltd.
Plant capacity: Caffeine: 20 MT/dayPlant & machinery: Rs. 350 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 2268 lakhs
Return: 30.00%Break even: 61.00%
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Chilli Oleoresin

Paprika oleoresin is a natural food colorant used to obtain a deep red colour in any food that has a liquid/fat phase. The oleoresin is slightly viscous, homogenous red liquid with good flow properties at room temperature. Among the various market types of chilli, paprika type is being presently grown in very limited scale in restricted areas in India The global chillioleoresin market is expected to reach USD 695.1 million by 2024. India controls 60% of the 13,500-tonne global spice oleoresins market even as China has emerged as a strong contender in paprika oleoresin, the most in-demand spice oil.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A V T Natural Products Ltd. • AkayFlavours& Aromatics Pvt. Ltd. • AshianHerbex Ltd. • Biomax Life Sciences Ltd. • Enjayes Spices & Chemical Oils Ltd. • Indian ChilliesTrdg. Co. Ltd.
Plant capacity: Chilli Oleoresin: 250 Kgs./dayPlant & machinery: Rs 75 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 237 lakhs
Return: 27.00%Break even: 60.00%
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Workwear, Uniform Clothing for factory (Thousers& High Visibility Long Sleeves Jackets)

Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety.Garments of simple and typically very durable construction usually in poly/cotton fabrics, including boiler suits and coveralls, bib and brace, coats, jackets and trousers, as well as a wide variety of similar styles used in the catering and wholesale/distribution sectors. Indian consumer durables market is broadly segregated into urban and rural markets, and is attracting marketers from across the world.Per capita GDP of India is expected to reach US$ 3,273.85 in 2023 from US$ 1,983 in 2012.The global Workwear/Uniforms (Uniforms &Workwears) market is valued at 56700 million US$ in 2017 and will reach 79000 million US$ by the end of 2025, growing at a CAGR of 4.2% during 2018-2025.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • All Colour Garments Pvt. Ltd. • Alpha Garments Pvt. Ltd. • Amartex Industries Ltd. • Ambattur Clothing Pvt. Ltd. • Dupont Sportswear Ltd. • E-Land Apparel Ltd.
Plant capacity: Trousers: 3000 Pcs/day High-Visibility Long Sleeve Jackets: 1000Pcs/dayPlant & machinery: Rs. 136 lakhs
Working capital: -T.C.I: Cost of Project : Rs1271 lakhs
Return: 29.00%Break even: 67.00%
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Liquid Urea-Formaldehyde Resin for Wood Application

Urea-formaldehyde resin is a major commercial adhesive, especially within the forest products industry. It offers a number of advantages when compared with other adhesive systems. Urea-formaldehyde resins are the most prominent examples of the class of thermosetting resins usually referred to as amino resins. The use of urea-formaldehyde resins as a major adhesive by the forest products industry is due to a number of advantages, including low cost, ease of use under a wide variety of curing conditions etc. The urea-formaldehyde market is expected to register a CAGR of 6.9% between 2018 and 2023. The market is expected to be augmented by growing demand for resins in the automotive. Furthermore, the increase in demand for UF resins is further propelled by the long shelf life and less maintenance costs.This facilitates the development of new technologies and ensures a high quality product. COST ESTIMATION CAPACITY Liquid Urea-Formaldehyde Resin : 8 MT/day Plant & Machinery : Rs. 71lakhs Cost of Project : Rs. 209 lakhs Rate of Return : 29% Break Even Point : 79%
Plant capacity: Liquid Urea-Formaldehyde Resin: 8 MT/dayPlant & machinery: Rs.71 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 209 lakhs
Return: 29.00%Break even: 79.00%
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PVC Pipes

PVC pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection moulded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available.The PVC pipes are much lighter than cast iron or A. C. pipes. Because of their lightweight PVC pipes are easy to handle, transport, and install. Global PVC Pipe Market size was valued at $54,246 million in 2015, and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. It is beneficial over other materials owing to its chemical resistance, durability, low cost, recyclability and others; thus, it can replace wood, metal, concrete, and clay in different applications. Piping and piping systems are a major application of PVC resin.Entrepreneurs who invest in this project will be successful. ? Few Indian major players are as under • Ajay Industrial Corpn. Ltd. • Anant Extrusions Ltd. • Apollo Pipes Ltd. • Ashirvad Pipes Pvt. Ltd. • Ashish Polyplast Ltd. • Captain Pipes Ltd.
Plant capacity: PVC Pipes (Size 1 inches): 510 MT/Annum PVC Pipes (Size 1.50 inches): 825 MT/Annum PVC Pipes (Sizes 2 inches): 1107 MT/Annum PVC Pipes (Size 2.50 inches): 1758 MT/AnnumPlant & machinery: Rs. 58 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 184 lakhs
Return: 32.00%Break even: 71.00%
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Polyester Fiber from Corn/Starch

PLA has been utilized as biodegradable plastics for short-term use, such as rigid packaging containers, flexible packaging films, cold drink cups, cutlery, apparel and staple fibres, bottles, injection- and extrusion-moulds, coatings, and so on. All of them can be degraded under industrial compositing conditions.Polyester staple fiber is a material produced from synthetic chemical compounds with a variety of uses in the textile, automotive and furniture industries. India Polyester Staple Fibre (PSR) Market is anticipated to post robust growth by 2023, owing to the growing consumer shift towards sustainable fashion due to rising environment-consciousness. Sustainable Fashion refers to as the adoption of environment friendly fibres such as the polyester stable fibre that can act as an alternative to cotton at a much lesser price.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • AppolloFibres Ltd. • Arora Fibres Ltd. • B L S Ecotech Ltd. • Futura Polyesters Ltd. • Ganesha Ecosphere Ltd. • India Polyfibres Ltd.
Plant capacity: Polyester Fiber : 80 MT/DayPlant & machinery: Rs. 11660 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 15974 lakhs
Return: 14.00%Break even: 54.00%
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Undergarments (Men and Women)

Undergarments or underwear are clothes worn under other clothes, often next to the skin. They keep outer garments from being soiled by bodily secretions and discharges, shape the body, and provide support for parts of it. In cold weather, long underwear sometimes is worn to provide additional warmth. The Indian apparel sector is expected to grow from 1,709 billion in 2010 to 4,700 billion by 2020E, representing a CAGR of 10.6%. Of this, the innerwear market currently valued at ~14,300 crore (in 2011) is expected to grow to 43,700 crore by 2020E, growing at a CAGR of 13.2%, outpacing the growth of the overall apparel market.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • ArchanaSyntex Pvt. Ltd. • Bhandari Hosiery Exports Ltd. • Bodycare International Ltd. • Creative Casuals (India) Pvt. Ltd. • Dollar Industries Ltd. • Lovable Lingerie Ltd.
Plant capacity: Regular Silk & Cotton Panties: 1000 Pcs/Day Bikini Sets : 1000 Pcs/Day Brasseries (Wired): 1000 Pcs/Day Brasseries (Non Wired): 1000 Pcs/Day Briefs MenPlant & machinery: Rs. 165 lakhs
Working capital: -T.C.I: Cost of Project: Rs.462 lakhs
Return: 27.00%Break even: 61.00%
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Herbal Products (Amla, Triphala, and Tooth Powder) Herbal Pellet (Tablet) Herbal Oil (Hair Oil and Skin Oil)

Herbal products are medicines derived from plants. They are used as supplements to improve health and wellbeing, and may be used for other therapeutic purposes. Herbal products are available as tablets, capsules, powders, extracts, teas and so on.Herbal medicines are thought to be safe as it is natural, but in fact it can cause serious adverse effects and interaction with other drugs and supplements. An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Indian consumers are increasingly transitioning towards herbal and natural offerings, especially in analgesics, cold, cough and allergy (hay fever) remedies and dermatological.The demand for plant based medicines, health products, pharmaceuticals, food supplement, cosmetics etc are increasing in both developing and developed countries, due to the growing recognition that the natural products are non-toxic, have less side effects and easily available at affordable prices.This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Amrutanjan Health Care Ltd. • Aphali Pharmaceuticals Ltd. • Arjuna Natural Extracts Ltd. • Arya Vaidya Pharmacy (Coimbatore) Ltd. • Aura Nutraceuticals Ltd. • Ayurvedic Pharmaceutical Co. Ltd.
Plant capacity: Amla Powder (200 gms Per Pack): 1000 Packs/Day Triphala Powder (200 gms Per Pack): 1000 Packs/Day Tooth Powder (50 gms Per Pack): 4000 Packs/Day Tablets (50 NosPer Pack): 2000Packs/Day Hair Oil (200 ml Per Pack): 500 Packs/Day Skin Oil (20Plant & machinery: Rs.28 lakhs
Working capital: -T.C.I: Cost of Project: Rs.295 lakhs
Return: 31.00%Break even: 56.00%
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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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