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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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Dye Intermediates - Indigo Blue

Indigo is an ancient dye, sold as a striking and bold blue crystalline powder. It has been used in many civilizations and was popular in Mayan, Egyptian, Japanese and Indian cultures. Its common use is in creating the popular Shibori and tie dye fabrics as well as denim. Indigo dye is an organic compound with a distinctive blue color (see indigo). Historically, indigo was a natural dye extracted from the leaves of certain plants, and this process was important economically because blue dyes were once rare. A large percentage of indigo dye produced today, several thousand tonnes each year, is synthetic. It is the blue often associated with denim cloth and blue jeans. Indigo is a type of blue dye that is generally used for coloring of cotton yarn that is used for production of denim cloth for blue jeans. Indigo is also used for dyeing wool and silk. Indigo was a natural dye which was extracted from plants but now it is synthetic. Indigo dye is a natural dye that is extracted from plants and animals. Though the dye was and is still produced organically, most of the indigo dye available in the market today is mass produced through chemical processes to satisfy increased demand for blue dye. Increase in demand for dye intermediates in textile and extensive use of dye intermediates in printing inks are some factors driving the dye intermediates market. This is prompting companies to increase production of dye intermediates. Additionally, easy availability of raw materials is anticipated to boost the demand for dye intermediates in the near future. The global dye intermediates market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture dye intermediates. Development of new manufacturing processes of dye intermediates and applications is estimated to propel the dye intermediates market. However, volatility in prices of raw material is projected to inhibit the market. Based on geography, the dye intermediates market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the forecast period. The dye intermediates market in Asia Pacific is estimated to expand a considerable pace owing to the increase in demand for dye intermediates in the paints and printing inks. Middle East & Africa is likely to be an attractive region for the dye intermediates market during the forecast period due to the rise in demand for these in the textile industry in the region.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Submersible Pump Manufacture

Submersible pump (or sub pump, electric submersible pump (ESP)) is a device which has a hermetically sealed motor close-coupled to the pump body. The whole assembly is submerged in the fluid to be pumped. The main advantage of this type of pump is that it prevents pump cavitation, a problem associated with a high elevation difference between pump and the fluid surface. Submersible pump is a mechanical device used for transferring various types of fluid in different end use industries and is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water etc.) and is driven by electric current, operating on the principle of centrifugal force. Various kinds of submersible pumps are available in the market, serving different purposes. The Global submersible pump market is anticipated to reach USD 12.5 billion in 2023 witnessing a CAGR of 5.5% over the forecast period 2015-2023. Asia-Pacific accounted for the highest percentage share of 42% to the global market in 2014, however the market is estimated to reach USD 2.8 billion by 2016 This can be attributed to various factors such as growing urbanization, rapid growth in industrialization, increasing population and emerging economy of developing nations such as India, China and Japan.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Sodium Benzoate

Sodium benzoate is a substance which has the chemical formula NaC7H5O2. It is a widely used food preservative, with an E number of E211. It is the sodium salt of benzoic acid and exists in this form when dissolved in water. It can be produced by reacting sodium hydroxide with benzoic acid. Sodium benzoate is a synthetic chemical produced when benzoic acid, which is found naturally in some fruits and spices, is combined with sodium hydroxide. Sodium benzoate is a preservative commonly used in fruit pies, jams, beverages, salads, relishes, and sauerkraut – foods that have an acidic pH. Chemical preservatives, such as sodium benzoate are frequently used in processed foods to prevent the growth of bacteria, yeast or other nasty microorganisms that could spoil food. Sodium benzoate is a food preservative that occurs naturally in some fruits. The chemical is the sodium salt of benzoic acid and is considered safe to ingest and apply to the skin. It should not be used in certain acidic products because it may combine to form harmful compounds, but it is not toxic and does not irritate tissue. Sodium benzoate is tagged as a harmful preservative and its use is limited in some industries. It is easily soluble and affordable which widens its usage, but research revealed that the overuse of this chemical solvent can cause cancer by affecting the oxygen cells present in the body. Though this chemical is present in some fruits, but the addition of the synthetic form of sodium benzoate is extremely lethal for the body. Sodium benzoate is found in vinegar, soda, fruit juices and jams which are present in the daily diet of the every citizen in the world. The expanding world of consumerism is in dire need of foods which can be packed and stored for days and the fast lifestyle of the people are promoting the expansion of a food and cosmetics industry which is completely backed by harmful chemical preservatives. The global sodium benzoate market to grow at a CAGR of 4.49% during the period 2017-2021. Rising demand for processed foods and ready to drink beverages has led to high demand for sodium benzoate in the market. Sodium benzoate eliminates the growth of bacteria and molds which helps preventing spoilage of food and drinks. Hence, high demand is reported for sodium benzoate from the food & beverages industry. Cosmetics application accounted for the second largest share of global sodium benzoate market. Owing to its extremely low level of toxicity it is used as a preservative in cosmetics products.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Monosodium glutamate (MSG)

Monosodium glutamate (MSG, also known as sodium glutamate) is the sodium salt of glutamic acid, one of the most abundant naturally occurring non-essential amino acids. Glutamic acid is found naturally in tomatoes, grapes, cheese, mushrooms and other foods. MSG is used in the food industry as a flavor enhancer with an umami taste that intensifies the meaty, savory flavor of food, as naturally occurring glutamate does in foods such as stews and meat soups. It’s a flavor enhancer. Monosodium glutamate (MSG) is commonly added to Chinese food, canned vegetables, soups, and processed meat. “MSG contains glutamic acid (non-essential amino acid) which is also naturally found in tomatoes, grapes, cheese, mushrooms and other foods. Monosodium glutamate has found in various applications such as additives, flavor enhancers, acidity regulators, preservatives, and others. Increasing in demand of food industries is likely to drive the monosodium glutamate market growth. The growing food industries and animal feed industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and Middle East has boosted the global monosodium glutamate market over the forecasted period. The growing preference towards processed food and fast food, owing to hectic lifestyles is expected to remain a key driving factor for the global monosodium glutamate market in the forecast period. The manufacturing of monosodium glutamate has shifted from the extraction method to the fermentation method, as this method can be used for large scale production while maintaining a low per-unit cost. Thus owing to an increase in the profit margin, which has largely impacted growth of the monosodium glutamate market. Based on application, the global MSG market can be segmented into flavor enhancer, preservative, and acidity regulator. The product finds its use as a flavor enhancer in processed meats & soups, canned vegetables, and other food products. The global food processing industry revenue accounted for over USD 2.5 trillion in 2016 and is likely to grow with a decent CAGR. Prominent players such as Kraft Foods and Nestle are increasing their brand awareness by investing hugely in promotions to uphold product differentiation. These factors are propelling the global MSG market demand to new heights.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Welding Brass Rod

Brass Rods are used to production the force components. Such as pins, rivets, washers, nuts, pipe, pressure gauge, screen, radiator parts. The material, it can be divided into two kinds: one kind is common brass rods, which are comprised of copper and zinc; the other kind is special brass rods, which is comprised of copper, zinc, Sn and other metal. Brass rods find extensive application in the production of various types of electrical and electronic components, such as valves, fasteners, stems and seats, and plumbing fittings. Automobiles, machines, and electrical appliances are the prime end users of these rods on account of their high degree of conductivity and corrosion resistance. The high strength, precision, and light weight of brass also make it suitable for precision instruments and ship parts, which is another important factor behind the surging sales of brass rods across the world. Brass Rods market drivers, emerging industry verticals, limitations, risk analysis, and development opportunities are analyzed. The analysis of industrial chain analysis, upstream raw materials, production capacity, labor costs, cost of raw materials, production process analysis and downstream consumers is explained. Brass rods are being used in the manufacture of various electric and electronic components due to their high conductivity and corrosion resistance. Demand for brass rods is rising in electronic products owing to their excellent cutting and drilling performance compared to that of other metal rods. This is expected to drive the global brass rods market in the near future. The Global market for Brass Rods is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 17000 million US$ in 2023, from 14200 million US$ in 2017. The global market for brass rods is witnessing a tremendous rush in its valuation. The anti-corrosion element of brass, combined with generally high toughness when compared with iron, has bolstered the interest for brass rods, considering significantly its general sales. With the rising requirement for low contact materials, the market is foreseen to continue witnessing significant development throughout the following couple of years. The precision, high quality, and light weight of metal likewise make it applicable for precision instruments and ship parts, which is another imperative factor behind the surging offers of brass rods over the world. In terms of type, the brass rods market can be segmented into ordinary brass rods and special brass rods. The special brass rods segment is expected to account for significant market share, due to the high demand from manufacturers of valves and their components. The demand for brass valves is highly increasing in the fluid-handling manufacturing units. As brass valves can withstand more pressure, and are suitable to be in contact with many kinds of fluid materials, the brass valves are used.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Dyes & Dye Intermediates

Dyes are used to impart colors to a substance or surface. Dye intermediates are raw materials used to manufacture dyes. Dye intermediates comprise petrochemical products that are processed to manufacture the final dyes and pigments. H-acid (1-amino, 8-napthol, 3, 6-disulfonic acid) is an extensively used dye intermediate. These intermediates are used in the production of hair dyes. Dye intermediates are manufactured from nitro-aromatics, which are manufactured from benzene and toluene. Benzene and toluene are petrochemical downstream products. Therefore, any change in the crude oil prices affects the dye intermediates market significantly. The dye intermediates are a vital inputs for a number of major industries. Some of the major industries they serve are textiles, plastics, paints, printing inks and paper. Dye intermediates are raw materials used to manufacture dyes. Dye intermediates comprise petrochemical products that are processed to manufacture the final dyes and pigments. H-acid (1-amino, 8-napthol, 3, 6-disulfonic acid) is an extensively used dye intermediate. These intermediates are used in the production of hair dyes. Dye intermediates are manufactured from nitro-aromatics, which are manufactured from benzene and toluene. The global market for dyes has been witnessing significant growth due to rising demand from end-user industries such as food, textile, printing inks, and paints & coatings. Developing economies such as China, India, Brazil, and Indonesia are likely to play a substantial role in boosting consumption of dyes in the next few years. India and Indonesia are gradually taking the lead in manufacturing dyes due to availability of raw materials as well as various organic intermediate chemicals. In terms of application, the dye intermediates market can be divided into textiles, plastics, paints, printing inks, paper, and others. The textiles segment of the dye intermediates market is anticipated to expand at a considerable pace due to increasing demand of appeals from the emerging economies. Based on geography, the dye intermediates market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the forecast period. The dye intermediates market in Asia Pacific is estimated to expand a considerable pace owing to the increase in demand for dye intermediates in the paints and printing inks. Middle East & Africa is likely to be an attractive region for the dye intermediates market during the forecast period due to the rise in demand for these in the textile industry in the region.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Silver Nitrate

Silver nitrate is an inorganic compound with chemical formula AgNO3. This compound is a versatile precursor to many other silver compounds, such as those used in photography. It is far less sensitive to light than the halides. Silver nitrate, caustic chemical compound, important as an antiseptic, in the industrial preparation of other silver salts, and as a reagent in analytical chemistry. Its chemical formula is AgNO3. Applied to the skin and mucous membranes, silver nitrate is used either in stick form as lunar caustic (or caustic pencil) or in solutions of 0.01 percent to 10 percent silver nitrate in water. A key factor driving the growth of the global silver nitrate market is the superior properties of silver nitrate. Silver nitrate is an inorganic compound that is used to produce silver derivatives and many essential chemical products owing to its superior physical and chemical properties. It is water soluble and highly hygroscopic in nature and it has antiseptic, antibacterial, and antifungal properties. Therefore, it is widely used in the medical and pharmaceutical industries. Silver nitrate is also extensively used in laboratories as an analytical reagent, catalyst, and organic staining agent, thanks to its superior chemical properties. Thus, these superior properties of silver nitrate are major factors for its use in commercial and industrial. A wide range of industrial and commercial applications makes silver nitrate an important chemical compound commercially and is a driver for the global silver nitrate market. Easy availability and low cost of the compound further fuels the growth of silver nitrate market. Growing medical & healthcare industry also tends to surge the demand for silver nitrate and compounds. The silver nitrate market on basis of region is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is the largest silver nitrate market in terms of value. Asia pacific is another significant market in the global silver nitrate market with increasing production volumes. Countries in the region such as China, has outsized potential for silver nitrate production.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Fast Colour Base

The Fast Colour Bases are very widely used in Textile Industry. Dyeing with Naphthols Fast Bases are more economical even compared to Reactive Dyes. Maroon, Blue, Yellow obtained with these products are not possible with any other Dyestuff. The Fastness Property of these products is excellent. Light Fastness is almost as good as 6-7 almost nearer to the Vat Dyes. Fast Colour Bases are also very widely used for African Print / Wax Print.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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IV Fluids in Plastic Bottles (IV Solution Automatic System)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use.The basic function of IV fluids is to replenish the body fluids.Intravenous fluids can also be used as a route of medication administration. The market for Intravenous (IV) Solution is expected to reach USD 11,511.2 million by 2022 and is expected to grow at a CAGR of 7.69% during the forecast period 2016-2022. The factors which drive the growth of the market are the rising prevalence of chronic diseases, rising acceptance of vitamin C intravenous treatment therapy to treat colorectal cancer.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • AhlconParenterals (India) Ltd. • AxaParenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd.
Plant capacity: IV Fluids (500 ml Bottle): 40000 Pcs./dayPlant & machinery: Rs. 2658 lakhs
Working capital: -T.C.I: Cost of Project: Rs10817 lakhs
Return: 17.00%Break even: 25.00%
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Sanitary Napkins

Sanitary Napkin comes under Nonwoven fabrics which as a whole come under technical textile.In addition to sanitary napkins non-woven fabric is also used in several other products like cigarette filters, headliners, airlines disposables, surgical disposables, non-woven wipes, non-woven abrasives, sports footwear components etc. Meditech products include textile material used in hygiene, health and personal care as well as surgical applications. The Indian sanitary napkin market reached a value of nearly US$ 414 Million in 2016, the market is expected to reach a value of around US$ 596 Million by 2022, growing at a CAGR of more than 6% during 2017-2022.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Carewell Hygiene Products Ltd. • Centron Industrial Alliance Ltd. • Diapers India Ltd. • Godrej Hygiene Products Ltd. • Gufic Biosciences Ltd. • Johnson & Johnson Pvt. Ltd. • Kimberly Clark Lever Pvt. Ltd.
Plant capacity: Sanitary Napkins: 23040Pcs./dayPlant & machinery: Rs 38 lakhs
Working capital: -T.C.I: Cost of Project: Rs.127 lakhs
Return: 28.00%Break even: 51.00%
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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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