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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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Saffron Cultivation

Saffron Farming, the kind of soil is more important than the climate of the area where it is intended to be grown. Saffron thrives best in warm sub-tropical climate and can be grown at 2000 meters of mean sea level. Saffron is the most expensive spice in the world and it is derived from the dry stigmata of the plant “Crocus Sativus”. Saffron is popularly known as “Red Gold”. Saffron can be grown anywhere in the world and growing it is however very simple and accessible to anyone. Saffron Farming, flowering starts in the month of October and last for a month. Harvesting should be carried when the flowers are in full bloom stage and early morning picking is proffered. After harvesting the flowers, extract the red pistils from the flowers. Saffron Market size is expected to witness a high growth owning to increasing demand from food and beverage sector. Rising demand of saffron (kesar) in multi-cuisine food worldwide as a key food ingredient in culinary dishes is driving the product market. Additionally, growing specialized cuisine market globally is likely to propel product market size. Global saffron market is anticipated to grow at a steady CAGR in the upcoming years. Saffron by nature yields a significant output with low inputs in terms of energy, nutrients and water. Saffron production is carried out worldwide but is a prominent business across markets. Good agricultural practices in saffron production have now incepted to outgrow the advantages and overcome the associated limitations.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Plastic Toys

Plastic Toy is an item that is used in play, especially one designed for such use. Playing with toys can be an enjoyable means of training young children for life in society.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Fan Guard (Jalli for Fan)

Fan guards are used to provide a physical barrier around spinning fan blades to prevent accidental contact with fingers or other objects. They are typically constructed using metal wire or plastic. Fan guards are manufactured in a variety of configurations which depend upon the degree of accessibility required and the shape of the fan blades themselves. Fan guards are designed to maximize air flow while minimizing noise. Some fan guards are assemblies that include filter media intended to reduce passage of dust particles and other contaminants through the fan into enclosures. Fan guards, sometimes referred to as finger guards, fan covers, or fan filters, are can be integrated for purposes of safety, and as a means to reduce external contaminants from entering the enclosure.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Antimony Trioxide

Antimony (III) oxide is the inorganic compound with the formula Sb2O3. It is the most important commercial compound of antimony. It is found in nature as the minerals valentinite and senarmontite. Like most polymeric oxides, Sb2O3 dissolves in aqueous solutions with hydrolysis. Antimony trioxide, also known as antimony(III) oxide, is a chemical compound. Its chemical formula is Sb2O3. It has antimony and oxide ions in it. It has antimony in its +3 oxidation state. Antimony oxide is mainly produced by two ways either by oxidation of antimony or by the process of re-volatilizing of crude antimony trioxide. The method of production is mainly dependent on the composition of ores. The antimony market size is projected to reach USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The growth of the antimony market can be attributed to the increasing use of antimony in the chemical industry. In the chemical industry, antimony is prominently used in flame synergist, catalyst, and stabilizer. The automotive industry is the second-largest end-use industry of antimony. Antimony is used in lead acid batteries in the automotive sector.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Calcium Nitrate

Calcium nitrate, also called Norgessalpeter (Norwegian saltpeter), is an inorganic compound with the formula Ca (NO3)2. This colourless salt absorbs moisture from the air and is commonly found as a tetrahydrate. It is mainly used as a component in fertilizers but has other applications. Nitrocalcite is the name for a mineral which is a hydrated calcium nitrate that forms as an efflorescence where manure contacts concrete or limestone in a dry environment as in stables or caverns. Calcium nitrate is produced by applying nitric acid to limestone and then adding ammonia. It is known as a double salt, since it is comprised of two nutrients common in fertilizers which are high in sodium. The processed result also looks crystallized like salt. Calcium Nitrate is a colorless anhydrous salt that is used as a fertilizer, among other applications. Calcium nitrate is obtained by treating limestone with weak nitric acid. It is also formed during the absorption of nitrogen oxide by milk of lime. Calcium Nitrate is also used in wastewater treatment, as a component in the manufacture of concrete, for medicinal purposes in cooling baths, and to store energy in solar power plants. Calcium nitrate is mainly produced as a fertilizer, used for plant nutrition purposes, and for wastewater treatment. It is a source of both calcium and nitrogen, for plants. Calcium nitrate is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. The foul odor emanates primarily due to the release of hydrogen sulfide. Hydrogen sulfide production in sewers is associated with corrosion of concrete and metals, operational problems in wastewater treatment plants (WWTP), as well as with hygiene and odor problems. Global Calcium Nitrate Market is projected to cross USD 11.0 billion by 2023, at a CAGR of over 5% during the forecast period. Demand for calcium nitrate is largely driven by high consumption of calcium nitrate fertilizers in emerging economies in Asia Pacific and Latin America.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Calcium Nitrate

Calcium nitrate, also called Norgessalpeter (Norwegian saltpeter), is an inorganic compound with the formula Ca (NO3)2. This colourless salt absorbs moisture from the air and is commonly found as a tetrahydrate. It is mainly used as a component in fertilizers but has other applications. Nitrocalcite is the name for a mineral which is a hydrated calcium nitrate that forms as an efflorescence where manure contacts concrete or limestone in a dry environment as in stables or caverns. Calcium nitrate is produced by applying nitric acid to limestone and then adding ammonia. It is known as a double salt, since it is comprised of two nutrients common in fertilizers which are high in sodium. The processed result also looks crystallized like salt. Calcium Nitrate is a colorless anhydrous salt that is used as a fertilizer, among other applications. Calcium nitrate is obtained by treating limestone with weak nitric acid. It is also formed during the absorption of nitrogen oxide by milk of lime. Calcium Nitrate is also used in wastewater treatment, as a component in the manufacture of concrete, for medicinal purposes in cooling baths, and to store energy in solar power plants. Calcium nitrate is mainly produced as a fertilizer, used for plant nutrition purposes, and for wastewater treatment. It is a source of both calcium and nitrogen, for plants. Calcium nitrate is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. The foul odor emanates primarily due to the release of hydrogen sulfide. Hydrogen sulfide production in sewers is associated with corrosion of concrete and metals, operational problems in wastewater treatment plants (WWTP), as well as with hygiene and odor problems. Global Calcium Nitrate Market is projected to cross USD 11.0 billion by 2023, at a CAGR of over 5% during the forecast period. Demand for calcium nitrate is largely driven by high consumption of calcium nitrate fertilizers in emerging economies in Asia Pacific and Latin America.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Sodium Aluminate

Sodium aluminate is an inorganic chemical that is used as an effective source of aluminium hydroxide for many industrial and technical applications. Pure sodium aluminate (anhydrous) is a white crystalline solid having a formula variously given as NaAlO2, NaAl(OH)4 (hydrated),[2] Na2O•Al2O3, or Na2Al2O4. Commercial sodium aluminate is available as a solution or a solid. Other related compounds, sometimes called sodium aluminate, prepared by reaction of Na2O and Al2O3 are Na5AlO4 which contains discrete AlO45? anions, Na7Al3O8 and Na17Al5O16 which contain complex polymeric anions, and NaAl11O17, once mistakenly believed to be ?-alumina, a phase of aluminium oxide. Sodium aluminate is widely used in water and wastewater treatment industry within the scope of the globe, rapidly spread of paper making industry, cement, concrete and titanium dioxide industry, and many others.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Chelated Zinc (Zn-EDTA)

Chelated zinc is divided into two main types: organic acids and amino acids. The organic acids that are usually attached to zinc include picolinic acid, orotic acid, citric acid and gluconic acid. Amino acids that are commonly attached to zinc include methionine, monomethionine and aspartic acid. Zinc contributes to healthy skin. It also supports cell growth and DNA formation. It exerts antioxidant activity and can support a healthy immune system. The patented chelated form of zinc in this formulation helps to promote optimal absorption. Chelated Zinc EDTA fertilizer is compatible with other fertilizers and nutrients and is ideal for maintenance application before deficiency appears. Chelated Zinc EDTA is highly efficient and available to support plant growth.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Softy Ice Cream

The Global Ice Cream Market was valued at $68,072 million in 2016, and is projected to reach $97,301 million by 2023, registering a CAGR of 5.4% from 2017 to 2023. Ice cream is dairy product, which is sweetened with either natural sugar or artificial sweeteners. Various ice creams are provided by the companies present in the market, including hard ice cream, soft ice cream, light ice cream, low-fat ice cream, and others. Summer is an undisputed season for the consumption of ice cream and related products.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Disperse Dye

Disperse dyes are commonly used to dye in two ways, namely high temperature and pressure method and the hot-melt method. The so-called high temperature and pressure method is actually that the temperature is only 130 ?, and the pressure is only 0.2MPa (gauge pressure). Disperse dyes are the only water-insoluble dyes that dye polyester and acetate fibers. Disperse dye molecules are the smallest dye molecules among all dyes. Disperse dyes is a class of non-ionic dye, which has low water solubility and exists in water primarily in a highly dispersed state by means of the effect of the dispersing agent in the process of dyeing. It is mainly used for dyeing polyester fibers. The chemical structure of most disperse dyes belong to monoazo type, which accounts for about 80% of all the disperse dyes. Disperse dyes are finely ground water-insoluble dyes that are mainly used for dyeing synthetic textiles. The thriving textile industry across the globe and vast technological advances observed in the field of paints and coatings have collectively been boosting the global demand for disperse dyes in the past few years. Disperse dyes can be segmented into three basic types: low energy disperse dyes, medium energy disperse dyes, and high energy disperse dyes. The low energy variety possesses low sublimation fastness, low polarity, low molecular weight, and high dyeing rate. Disperse dyes are synthetic in nature and are far less water-soluble. Dye material is finely grounded in the form of paste or a powder. Disperse dyes are generally used with dye bath solutions in which dispersing agents are employed to increase the water solubility of the dye. Disperse dyes are finely ground water-insoluble dyes that are mainly used for dyeing synthetic textiles. The thriving textile industry across the globe and vast technological advances observed in the field of paints and coatings have collectively been boosting the global demand for disperse dyes in the past few years.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
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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