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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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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.
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Electric Geyser

The geyser consists of a water tank fitted with two pipes – one for inlet of cold water and the other for outlet of hot water. The water tank is fitted with heating elements which are controlled by thermostats. The thermostats ensure that water is not heated above a set temperature value. The tank is normally covered with some insulating material and enclosed inside a metal casing. Water heating is a heat transfer process that uses an energy source to heat water above its initial temperature. Typical domestic uses of hot water include cooking, cleaning, bathing, and space heating. In industry, hot water and water heated to steam have many uses. India water heater market projected to surpass $ 600 million by 2023. Growth in the market is led by increasing number of new residential units and other construction activities coupled with rising per capita disposable income. Moreover, improving standard of living, technological advancements, and rising demand for low-cost and efficient water heaters is further expected to propel growth in India electric water heaters market over the next five years. Electric water heaters are currently one of the most popular water heaters among consumers globally. Though the global electric water heater market is moving towards maturity, continuous innovation on the part of manufacturers is driving the growth in the global electric water heater market.
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Return: 1.00%Break even: N/A
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Hoses (Air-Based-Welding Hoses & Pesticides Spray Pipe)

Hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coil hose, and chemical compatibility. A hose is a long, flexible pipe made of rubber or plastic. Water is directed through a hose in order to do things such as put out fires, clean cars, or water gardens. Global Industrial Hose Assemblies market is driven by increasing construction, mining, agricultural and several other industrial activities that have led to improved demand for fluid transfer and handling equipment. One of the highlights of using Industrial Hose Assemblies in such applications is their capability to deliver or transfer the material with higher efficiency indirectly providing cost-effective solutions.
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Return: 1.00%Break even: N/A
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PVC Stabilizer (Lead Stearate & Calcium Stearate)

Stabilizers are a class of chemical additives commonly added to polymeric materials, such as plastics, to inhibit or retard their degradation. Polymers can be subject to various degradation processes, including oxidation, UV-damage, thermal degradation, ozonolysis, or combinations thereof like photo-oxidation. These processes all degrade the polymer on a chemical level, leading to chain scission that can adversely affect its mechanical properties such as strength and malleability, as well as its appearance and colour. PVC Stabilisers are added either directly into PVC or in combination to prevent oxidation, chain scission, uncontrolled recombination, and cross-linking reactions caused by photo oxidation. Essentially, they protect PVC from the harmful effects of extreme temperature and ultraviolet radiations. PVC Stabilisers are of different types like Heat Stabilisers which are mainly used in Construction projects. The global PVC stabilizers market is estimated to register a CAGR of 5.90% during the forecast period, 2018-2023. Asia-Pacific is expected to dominate the market among other regions, supported by the growing automotive & electronics industry in countries, like China and India. Building & construction is expected to dominate the consumption of PVC stabilizers through the forecast period. Polyvinyl chloride (PVC) is one of the most important commercial plastic materials, but it is thermally unstable at processing temperature and hence, the processing of PVC at elevated temperatures requires the use of stabilizers. PVC stabilizers are used in various PVC applications such as pipes & fittings, window profiles, rigid & semi-rigid films, wire & cables, coatings & flooring, and others. PVC pipes & fittings application is the largest market for PVC stabilizers globally.
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Return: 1.00%Break even: N/A
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Flexible Polyurethane Foam

Flexible polyurethane foam (FPF) affects our lives in many ways and new applications are rolling out on a regular basis. It is used as cushioning for a wide variety of consumer and commercial products including furniture, carpet cushion, transportation, bedding, packaging, textiles and fibers. FPF usage consists mostly of slabstock, which is used primarily for carpet cushion and furniture. Polyurethane foam articles without even noticing. Its applications are virtually endless, ranging from small but essential items such as sponges in the kitchen, medical dressings to large filters and soundproofing systems that keep our environment clean and quiet. Polyurethane is a leading member of the wide-ranging and highly diverse family of polymers or plastics. Flexible polyurethane foam is foam that is flexible (bendable and compressible) made of polyurethane. Polyurethane (PUR) is a polymer, linking carbamate molecules in chains which are cross-linked into three-dimensional webs. The growth of the polyurethane foam market in North America is mainly driven by the increasing demand for flexible polyurethane foam from end-use industries in this region. Moreover, there is a significant demand for polyurethane foam for specific applications, such as automotive seating and customer needs. The growth of the polyurethane foam market is primarily driven by the rising demand for polyurethane foam from the bedding & furniture and building & construction industries and ongoing urbanization in the Asia Pacific region. The unique properties of polyurethane foam are projected to drive the demand for polyurethane foam across the globe. In building & construction industry, polyurethane foams find promising application in insulated panels, wall and roof insulation, and for doors and windows gap fillers. Versatility, energy efficiency, thermal/mechanical performance, and environmental savings characteristics of polyurethane foams making it an ideal material for this industry. The global flexible polyurethane foam market is expected to grow at a CAGR of almost 8%, during the forecast period. Flexible polyurethane foams are light, durable and comfortable and can be molded into different shapes. They resist mildew and are hypoallergenic. Cushioning made of flexible polyurethane foam is resilient, durable and strong and it absorbs energy.
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Return: 1.00%Break even: N/A
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N-Paraffin

Normal paraffins (n-paraffins) are linear, aliphatic hydrocarbons of C9-C17 chain lengths that are usually separated from kerosene or gas oil fractions of crude oil using molecular sieves. High levels of midrange n-paraffins, suitable for producing linear alkylbenzene (LAB), are produced at a gas-to-liquids. Paraffin is a mixture of hydrocarbons; it usually consists of about 10 different hydrocarbons, each containing from 10 to 16 carbon atoms per molecule; the constituents include n-dodecane, alkyl benzenes, and naphthalene and its derivatives. Paraffins are also called alkanes and have the general formula of CnH2n+2, where n is the number of carbon atoms in a given molecule. Paraffins are divided into two groups of normal and isoparaffins. Normal paraffins or normal alkanes are simply written as n-paraffins or n-alkanes, and they are open, straight-chain saturated hydrocarbons. Paraffin is used in cosmetics and personal care products to thicken formulations. With emollient and protective qualities, they provide stability to skincare and cosmetics and boost their viscosity and consistency. The personal care industry accounted for a healthy share of the global paraffin market, in 2017. Global demand of N-Paraffin is anticipated to reach 3.7 Million MT by end of 2021 mainly driven by the demand from LAB market. Though N-Paraffin demand is anticipated to grow at a CAGR of 1.6% Y-o-Y until 2018, industry has to operate at 92-94% to meet the global demand until 2020.
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Return: 1.00%Break even: N/A
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Buttons from Hooves & Horns

Button is a small fastener, now most commonly made of plastic, but also frequently made of metal, wood or seashell, which secures two pieces of fabric together. In archaeology, a button can be a significant artifact. In the applied arts and in craft, a button can be an example of folk art, studio craft, or even a miniature work of art. In archaeology, a button can be a significant artifact. Textile industries is the major client of button manufacturing business.
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Return: 1.00%Break even: N/A
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Spark Plug

Spark plug is a device for delivering electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air mixture by an electric spark, while containing combustion pressure within the engine. A spark plug has a metal threaded shell, electrically isolated from a central electrode by a porcelain insulator. The central electrode, which may contain a resistor, is connected by a heavily insulated wire to the output terminal of an ignition coil or magneto. The spark plug is a seemingly simple device, although it is tasked with a couple of different but critical jobs. Global spark plug market is expected to reach $2,904 million by 2022, growing at a CAGR of 4.2% during the forecast period 2014 - 2022. Spark plug is an electrical device threaded into the cylinder of spark ignition engine, which produces spark at the required time to ignite the combustible air-fuel mixture in the cylinder bore. The device comprises shell, resistance, electrodes, and insulator. During the engine operation, when high tension current flows through the center electrodes, it ionizes the gas present between the electrode gaps, producing spark. A spark plug or a sparking plug is used to deliver electric current during the combustion process to produce spark. It has a metal threaded shell and finds its usage in numerous applications such as furnaces, marine, ignition and outdoor applications among others. It is an electrical device threaded into the cylinder of spark ignition engine. Spark Plug market stood is forecast to exhibiting a CAGR of more than 11% over the next five years. Growing automobile production and sales coupled with increasing preference for dual-fuel option passenger cars and various ongoing and upcoming technological advancements are expected to boost the sales of automotive spark plugs in India over the coming years. Spark Plugs are the device to transfer the electric current from ignition system to combustion chamber of a vehicle. Stringent regulations & norms by government regarding emissions & fuel efficiency and growth of automotive industries are driving the market for spark plugs.
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Return: 1.00%Break even: N/A
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Acrylic Mirror

Acrylic Mirror is a lightweight, reflective thermoplastic sheet material used to enhance the look and safety of displays, POP, signage, and a variety of fabricated parts. Acrylic mirror is ideal for retail, food, advertising, and security applications. Acrylic mirrors are often used in place of glass because they are much stronger and don’t shatter like glass. Acrylic is also lighter, so carrying it and hanging it on a wall is easier.
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Return: 1.00%Break even: N/A
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4, 4, Diamino Stilbene 2-2-Di-Sulphonic Acid

4, 4?-Diamino-2, 2?-stilbenedisulfonic acid is the organic compound with the formula (H2NC6H3SO3H) 2C2H2. It is a white water-soluble solid. Structurally, it is a derivative of trans-stilbene, containing amino and sulfonic acid functional groups on each of the two phenyl rings. The compound is a popular optical brightener for use in laundry detergents. It is produced by reduction of 4, 4?-dinitro-2, 2?-stilbenedisulfonic acid with iron powder.
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Return: 1.00%Break even: N/A
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Khaini (Chewing Tobacco)

Khaini is a type of smokeless tobacco product consumed by placing a portion of the tobacco between the cheek and gum or upper lip teeth and chewing. Unlike dipping tobacco, it is not ground and must be manually crushed with the teeth to release flavour and nicotine. Chewing tobacco is typically manufactured as several varieties of product – most often as loose leaf (or scrap), pellets (tobacco "bites" or "bits"), and "plug" (a form of loose leaf tobacco condensed with a binding sweetener). Khaini is sometimes known as spitting tobacco. It is available in two forms, snuff and chewing tobacco. Snuff and chewing tobacco are commonly available in tins or pouches; popular brand names include Skoal and Copenhagen. Chewing tobacco holds significant market share due to easy availability and lower cost as compared to cigarettes. Growing demand of chewing tobacco, majorly among the low-income community of consumers is also influencing the market growth. Popularity of consumption of smokeless tobacco among the daily wage workers, is projected to be high due to the low cost and high production capacity of tobacco in the developing country.
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Return: 1.00%Break even: N/A
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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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