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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.

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Lucrative Business of IV Fluids (BFS Technology)

Intravenous fluids are fluids that are supplied intravenously, or directly through the circulatory system, to a patient. When a person's bodily fluid volume drops, they are given fluids. A drop in fluid volume can be caused by a variety of factors. Intravenous fluids are divided into two categories. Crystalloids, such as saline solutions, contain a solution of water-soluble molecules. • Electrolyte metabolism and treatment of waste water, especially in extreme cases. • Treatment for acid-base imbalances. • Volume substitution and replacement in the surgery of an accident victim who has lost blood. • Dextrose solution is utilized during the postoperative period when sodium extraction is reduced, and it is used for severally unwell and post-operative patients. The global intravenous solutions market is estimated to reach USD 18.9 billion by 2028, with a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028. The market is likely to be driven by a rising incidence rate of chronic diseases such as cancer, an increase in the number of premature births, and a lack of I.V. solutions in the United States. Severe dehydration is one of the most common uses for intravenous (IV) fluids. In disorders like diarrhoea, severe dehydration occurs as a result of the body's fluids being depleted. The continuing COVID-19 epidemic is likely to boost the market's performance. Due to the significant intake of patients infected with severe acute respiratory syndrome coronavirus 2, intensive care units (ICU) around the world are either at maximum capacity or overcrowded (SARS-CoV-2).
Plant capacity: IV Fluids (500 ml Size Bottle) 100,000.0 Bottles per dayPlant & machinery: 751 Lakhs
Working capital: -T.C.I: Cost of Project: 1277 Lakhs
Return: 26.48%Break even: 54.19%
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Start Manufacturing Plant of Menthol Crystal

Menthol is a crystalline white substance. It can be made from natural sources or synthetically. The melting temperature of natural or synthesised laevo menthol is between 41 and 44°C, making it only therapeutically active. Some manufacturers categorise crystals based on their shape and size, and thus use a variety of terms, such as bold crystals, medium crystals, medium extra crystals, and medium extra-large crystals. Menthol crystals are excellent inhalants in and of themselves, and they're simple to use into recipes. It can be used as a natural insecticide, which means it can be used in the garden when other insects or honey are present. 1. Menthol is a hair growth stimulant that can be used by combining menthol crystals with hair oil. 2. Menthol crystal is also useful for sunburns; when blended with aloe vera gel, it soothes sunburns. 3. It removes dark sports and minimises black and white heads. 4. Menthol inhibits the spread of plague or kills germs that can cause gingivitis. Menthol crystals are obtained primarily from natural sources, and as a result, they are rising in popularity in both developed and developing countries. The expansion of natural based products from many industries is being pushed by manufacturers' increasing focus on natural and sustainable products. The cosmetics sector is highly regulated, thus natural-based raw ingredients are in great demand when producing cosmetics. In the next years, this is projected to drive the menthol crystals market. Few Indian Major Players 1. Bhagat Aromatics Ltd. 2. Everest Flavours Ltd. 3. Halcyon Life Sciences Pvt. Ltd. 4. Jindal Drugs Pvt. Ltd. 5. Malik Polychem Ltd. 6. Rupangi Impex Ltd. 7. Sharp Mint Ltd. 8. Swati Menthol & Allied Chemicals Ltd.
Plant capacity: Menthol Crystal 1,000.0 Kgs per day Dmentha Oil 333.3 Kgs per dayPlant & machinery: 196 Lakhs
Working capital: -T.C.I: Cost of Project: 643 Lakhs
Return: 28.87%Break even: 52.17%
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Emerging Business of Surgical Methylated Spirit (Denatured Alcohol/Surgical Spirit)

Methylated spirits is a colourless, transparent liquid that is used in a range of industrial and domestic applications. Methylated spirits have a boiling point of 78°C and a flashpoint of 11°C. Because they contain a denaturant that prohibits them from being eaten, methylated spirits are also known as denatured alcohol. The methylated spirits from Sydney Solvents are made up of 99 percent methylated spirits and 1% bitrex. If the methylated spirits did not contain denaturant, it would be classified as ordinary alcohol that is safe to consume. • As a common home remedy for sterilising and hardening the skin, especially on the feet of hill hikers and runners to prevent blisters. • When learning to play stringed instruments like the guitar or cello, to "toughen up" sensitive skin on the fingertips. • To treat and prevent bed sores in people who are confined to their beds. • Surgical Spirit tightens, hardens, and disinfects the outer layer of skin for the treatment of minor wounds and abrasions, acting as a disinfectant and leaving the skin bacteria-free. Surgical spirits can be used to destroy bacteria, viruses, and fungi. They have the ability to penetrate the lipid layer of the bacteria cell wall, causing damage to the cell membrane and the destruction of the organism's internal components. Surgical spirits, on the other hand, are antiseptics but not sterilisers because they do not kill bacterial spores. As a result, they're fine for regular use and modest medical treatments, but they're not up to the task of cleaning instruments. Surgical spirits can be used to treat cuts and as a household disinfectant. Surgical spirits are ethanol solutions that contain methanol and other harmful ingredients that make them unfit for human ingestion. Few Indian major players 1. Adroit Pharmaceuticals Pvt. Ltd. 2. Bajaj Hindustan Sugar Ltd. 3. Bhalkeshwar Sugars Ltd. 4. Deepak Fertilisers & Petrochemicals Corpn. Ltd. 5. Sharayu Agro Inds. Ltd.
Plant capacity: Surgical Methylated Spirit 1 Ltr Size Bottle 4,000.0 Nos. Per Day Surgical Methylated Spirit 5 Ltr Size Bottle 480.0 Nos. Per Day Surgical Methylated Spirit 20 Ltrs. Size Cans 80.0 Nos. Per DayPlant & machinery: 79 Lakhs
Working capital: -T.C.I: Cost of Project: 265 Lakhs
Return: 27.53%Break even: 54.72%
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Start a E-Waste Recycling Plant Waste Electrical & Electronic Equipment (WEEE)

Electronic wastes, often known as "e-waste," "e-scrap," or "Waste Electrical and Electronic Equipment," or "WEEE," are surplus, obsolete, defective, or abandoned electrical or electronic devices. Electronic garbage, often known as e-waste, refers to obsolete electronic devices such as computers, laptops, televisions, DVD players, mobile phones, and MP3 players. End-of-life information- and telecommunications equipment, as well as consumer devices, are frequently regarded as e-waste in a narrower sense. Electronic garbage, on the other hand, is officially a subset of WEEE (Waste Electrical and Electronic Equipment). The global e-waste management market was valued at $49,880 million in 2020, and is expected to grow at a CAGR of 14.3% from 2021 to 2028, to reach $143,870 million by 2028. The ever-increasing demand for rare metals, combined with their scarcity, has resulted in a rapid rise in their cost. Metals like this must be collected from e-waste and reused in another process. For example, roughly 250 kilogrammes of silver, 24 kg of gold, and nine tonnes of copper can be recovered from one million mobile phones in e-waste. This also helps manufacturers build lower-priced electrical gadgets and obtain a cost advantage over competitors. Few Indian Major Players 1. E-Parisaraa Pvt. Ltd. 2. Ecocentric Management Pvt. Ltd. 3. Greenscape Eco Mgmt. Pvt. Ltd. 4. Navrachna Recycling Pvt. Ltd. 5. Sims Recycling Solutions India Pvt. Ltd.
Plant capacity: Plastic 1.60 MT per day Ferrous Material 1.00 MT per day Aluminium 0.70 MT per day Glass 1.00 MT per day Copper 0.70 MT per dayPlant & machinery: 86 Lakhs
Working capital: -T.C.I: Cost of Project: 314 Lakhs
Return: 27.47%Break even: 60.15%
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Manufacturing Business of Paprika Oleoresin

Paprika oleoresin (also known as paprika extract or oleoresin paprika) is an oil-soluble extract derived from the fruits of Capsicum annuum or Capsicum frutescens that is largely used as a food colourant and/or flavouring. It's made up of vegetable oil (usually between 97 and 98 percent), capsaicin (the main flavouring element that gives it pungency in higher quantities), and capsanthin and capsorubin (the main colouring compounds) (among other carotenoids). Because it includes a high concentration of Vitamin E, paprika oleoresin aids in the production of red blood cells in the body. It also aids in the quick healing of wounds. Treats Skin Issues: Paprika oleresin has antibacterial characteristics, making it beneficial against any skin problem caused by bacterial infection, such as acne. Supports Healthy Digestion: Paprika oleoresin may aid digestion by boosting saliva and stomach acids, which aid in the breakdown of food and the availability of nutrients for energy. Natural resinous plant extractions are referred to as oleoresins. Aromatic liquid preparations formed from a mixture of plant matter extraction and solvents (i.e. r) are another name for them. Oleoresins' non-volatile components define the colour, flavour, and other characteristics of the raw material. The global oleoresins market is expected to be worth USD 1.2 billion in 2019 and USD 1.7 billion by 2025, growing at a CAGR of 6.0 percent between 2019 and 2025. Oleoresins are essential oil and resin component plant extracts. They contribute to the flavour and perfume of the plant from which they are derived. Oleoresins are volatile or non-volatile chemicals that are extracted from spices with the help of solvents.
Plant capacity: Paprika Oleoresin 160.0 Kgs Per Day Paprika Spent 1,093.3 Kgs Per DayPlant & machinery: 395 Lakhs
Working capital: -T.C.I: Cost of Project: 1700 Lakhs
Return: 29.32%Break even: 57.23%
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Manufacturing of Sugar from Sugar Beet

Sugar is a generic term for sweet-tasting, soluble carbohydrates, which are commonly utilised in food. Sucrose, often known as table sugar, granulated sugar, or normal sugar, is a disaccharide made up of glucose and fructose. Glucose, fructose, and galactose are examples of simple sugars, often known as monosaccharides. Compound sugars, commonly known as disaccharides or double sugars, are two monosaccharides connected by a glycosidic bond. Sucrose is a common example. Sucrose is used in prepared goods (such as cookies and cakes), is occasionally added to commercially available processed foods and beverages, and can be used as a sweetener in foods (such as toast and cereal) and beverages by individuals (e.g. coffee and tea). White granulated sugar contains 97 percent to nearly 100 percent carbs, less than 2% water, and no dietary fibre, protein, or fat (table). Brown sugar has a moderate quantity of iron (15 percent of the RDA in a 100 gramme serving, see table), however a typical serving of 4 grammes (one teaspoon) only has 15 calories and no other nutrients. Brown sugar has a deeper flavour than white sugar because it contains 5–10 percent molasses that is reintroduced during manufacturing. In 2020, the global sugar market will have a consumption volume of around 175 million tonnes. In the years 2021-2026, the market is predicted to increase at a CAGR of 1%, reaching a volume of 186 million tonnes. Sugar is a crystalline sweet material made from sugar cane and sugar beet. It's utilised in a variety of food and non-food applications all around the world. Sugar serves a range of tasks in the food sector, in addition to providing a sweet taste.
Plant capacity: Sugar from Sugar Beet 360.0 MT per dayPlant & machinery: 3679 Lakhs
Working capital: -T.C.I: Cost of Project: 6910 Lakhs
Return: 29.56%Break even: 61.68%
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Business of PET Recycling & Production of Flakes

Municipal solid waste (MSW) is garbage generated by people in their homes and places of work, and it is managed and controlled by local authorities such as cities and governments. Plastic usage has exploded in the previous two decades, with plastics now playing a vital role in almost every facet of modern life. Plastic recycling is the process of converting discarded plastic into useable material. Bottles and containers made of hard plastic can be recycled, as can films and wrappers made of non-rigid plastic. Plastic recycling is the process of converting discarded plastic into useable material. Bottles and containers made of hard plastic can be recycled, as can films and wrappers made of non-rigid plastic. The plastic recycling market is divided into segments based on the type of resin used, such as PET. PET stands for polyethylene terephthalate, which is the most popular thermoplastic polymer resin in the polyester family and is used in garment fibres, liquid and food containers, and thermoforming for manufacturing. One of the most prevalent forms of plastic is polyethylene terephthalate, or PET (also known as PETE). PET is used to make the majority of single-serve plastic bottles, such as those for water, soft drinks, and juices. PET is used to make plastic fibres, videotape, audiotape, film, engineered resin, and food containers, among other consumer and industrial items. Asia Pacific was the largest regional market in 2020, which accounted for a revenue share of over 45. The regional market is characterized by the easy availability of land along with a low-cost, skilled labor force. PET bottles are becoming a bigger part of the trash and litter problem, especially in developing countries. The global recycled polyethylene terephthalate market was valued at USD 8.56 billion in 2020, and it is predicted to increase at a CAGR of 6.7 percent between 2021 and 2028. Consumer behaviour is shifting toward sustainability, which is driving market growth. Few Indian Major Players 1. Ahimsa Industries Ltd. 2. Bharat Pet Ltd. 3. Dalmia Polypro Inds. Pvt. Ltd. 4. F C L Technologies & Products Ltd. 5. Futura Polymers Ltd. 6. Garden Polymers Pvt. Ltd.
Plant capacity: Recycled PET Flakes 64.0 MT per dayPlant & machinery: 174 Lakhs
Working capital: -T.C.I: Cost of Project: 440 Lakhs
Return: 30.45%Break even: 71.77%
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Production of Artemisinin from Artemisia Annua Plant

Artemisia annua is an annual short-day plant that belongs to the Asteraceae family. It has a brownish or violet coloured stem. The plant itself is hairless and grows to a height of 30 to 100 cm in the wild, while in culture, plants can grow to 200 cm. Artemisinin is a traditional Chinese herbal treatment for malarial fevers that has recently been discovered to have high antimalarial activity against a variety of parasites, including chloroquine-resistant Plasmodium falciparum. Artemisinin is a sesquiterpene lactone derived from sweet wormwood (Artemisia annua), which is used as an antimalarial to treat multidrug-resistant falciparum malaria strains. It's an antimalarial as well as a plant metabolite. It's an organic peroxide and a sesquiterpene lactone. Schizophrenia, Malaria, Falciparum, and Plasmodium Falciparum have all been treated with artemisinin in clinical trials. Schizophrenia, Malaria, Falciparum, and Plasmodium Falciparum have all been treated with artemisinin in clinical trials. The market for Artemisinin Derivatives was estimated at USD 655 million in 2020, and it is predicted to increase at a CAGR of 6.05 percent from 2021 to 2027, reaching roughly USD 1,080 million in 2027. The term "artemisinin derivatives" refers to a class of active medicinal compounds used to treat malaria. Malaria and parasitic worm (helminth) infections are effectively treated with artemisinin and its derivatives. They've been shown to be the most effective and promising medications for killing parasites and interrupting their life cycle. The plant Artemisia annua and sweet wormwood are the most common sources of artemisinin. Traditional Chinese medicine has long utilised Artemisia annua and sweet wormwood.
Plant capacity: Artemisinin (10 ml Size Pack) 3,000.0 Bottles Per DayPlant & machinery: 134 Lakhs
Working capital: -T.C.I: Cost of Project: 574 Lakhs
Return: 31.00%Break even: 70.80%
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Investment Opportunities in Assembling Lithium Ion Battery (Battery Assembly)

Laptop computers, mobile phones, power tools, telecommunication systems, and new generations of electric cars and trucks are all powered by lithium batteries. Lithium metal batteries and lithium ion batteries are two types of lithium batteries. • Lighter Design: Li-ion batteries are lighter than conventional rechargeable batteries when compared to their capacity, and are thus employed in portable consumer electronics gadgets where weight and form factor are key selling aspects. • Low Self-discharge and Longer Shelf Life: When compared to other rechargeable batteries, Li-ion batteries have a lower self-discharge rate of roughly 1.5 percent per month, allowing for a longer shelf life when not in use because it drains slowly. • Quick Charging: When compared to other rechargeable batteries such as lead acid, nickel-metal hydride, and nickel-cadmium, lithium-ion batteries charge faster. Lithium-ion (Li-ion) batteries, also known as secondary batteries, are rechargeable batteries in which lithium ions migrate from the negative electrode (typically carbon) to the positive electrode (nickel, manganese, and cobalt) during discharge and back during charging. (1) Li-ion batteries are commonly found in cameras and calculators. (2) They're in cardiac pacemakers and other implantable medical devices. (3) Telecommunications equipment, instruments, portable radios and televisions, and pagers all use them. (4) They're used in laptop computers, cell phones, and aerospace applications. The global lithium ion battery market is predicted to increase at a compound yearly growth rate of 14.63 percent from USD 40.5 billion in 2020 to USD 91.9 billion in 2026. Electric vehicle demand is expected to grow at a 19.1% compound annual growth rate (CAGR) from 2016 to 2026, with substantial sales volume in developing countries. The United States, China, Japan, India, and other countries have significant growth potential in the battery industry. Few Indian Major Players 1. Anand Batteries Ltd. 2. Bharat Electronics Ltd. 3. Carborundum Universal Ltd. 4. Eon Electric Ltd. 5. Exide Industries Ltd. 6. H B L Power Systems Ltd. 7. Luminous Power Technologies Pvt. Ltd.
Plant capacity: 48 Volt, 60 AH Lithium-Ion Battery Pack: 5.0 Nos per day 48 Volt, 80 AH Lithium-Ion Battery Pack: 5.0 Nos per day 48 Volt, 100 AH Lithium-Ion Battery Pack: 5.0 Nos per day 60 Volt, 20 AH Lithium-Ion Battery Pack: 5.0 Nos per day 60 VoltPlant & machinery: 72 Lakhs
Working capital: -T.C.I: Cost of Project: 293 Lakhs
Return: 29.95%Break even: 70.65%
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Start Producing of Rubber Powder from Waste Tyres

Rubber is a butadiene polymer and one of the most essential chemical compounds utilised in a variety of fields in today's advanced world. Rubber is particularly useful in the tyre industry, as it is utilised in a variety of vehicles. Rubber is required as a raw material for rubber products. Either natural rubber, which is frequently grown on enormous plantations – with all the issues that comes with monoculture – or synthetic rubber, which is made from crude oil. Both processes consume a lot of resources. Waste tyres are a major issue all around the world. A huge number of tyres are used in cars, and tyre replacement is done on a regular basis. Old tyres that can no longer be mended but can be used as a byproduct of the waste tyres. Rubber powder is one of the most common waste tyre recycling byproducts. Rubber powder has a wide range of applications in various industries. Waste tyre recycling method is incredibly cost effective, as it recycles 100% of waste tyres (No churn left after the process). Because no chemical substances are utilised in this procedure, it is environmentally safe. Waste tyres are a cheap and readily available raw material. Produce economically beneficial items from waste tyres that have a high market value and demand. In addition, each tonne of recycled tyres saves 10 tonnes of carbon dioxide (CO2), a major greenhouse gas. Properties 1. It is a fine powder with a mesh size ranging from 5 to 200 meshes. 2. It is water insoluble. 3. It is unaffected by alkali or ordinary acid. 4. Rubber powder bulk density ranges between 0.85 and 0.90. Rubber powder is experiencing a tremendous growth in demand in India. In India, demand for rubber powder has climbed by 5% to 8%. This product has a wide range of applications. There's a distinction to be made between recycling and reclaiming. While recycling refers to any method of reusing leftover rubber, reclaiming entails depolymerization. Vulcanized rubber is ground in either a cryogenic or ambient grinding process during recycling. Ground rubber is heated and chemically treated in reclamation. Few Indian Major Players 1. Arihant International Ltd. 2. Elgi Rubber Products Ltd. 3. Rubber Products Intl. (India) Ltd. 4. Rubber Products Ltd. 5. Tinna Rubber & Infrastructure Ltd. 6. Tyre Corpn. Of India Ltd.
Plant capacity: Rubber Powder 5.0 MT per day By Product Steel Wire 1.4 MT per dayPlant & machinery: 46 Lakhs
Working capital: -T.C.I: Cost of Project: 191 Lakhs
Return: 26.98%Break even: 61.44%
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  • 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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