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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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Investment Opportunities in Business of Surgical Hand Gloves. Rising Demand of Surgical Hand Gloves in Covid-19 Pandemic.

Surgical gloves are an essential element of a surgeon's or physicians daily attire. The purpose of these gloves is to keep both the health care professional and the patient safe from hazardous infections and pollutants. Gloves must be discarded after each usage to keep doctors and surgeons safe from disease transmission. Surgical gloves' principal function is to act as a protective barrier between healthcare workers and patients during surgical procedures, preventing disease transmission. A sterile glove that is worn to protect the hand from potentially infectious items and to prevent contamination of the patient during invasive operations. Surgical gloves with novel materials such as polyisoprene are currently on the market, however surgeons continue to choose latex for surgical gloves. Surgical gloves with a polymer inside layer are available to make wearing gloves easier whether your hands are wet or dry. Other enhancements include under-glove indications that are utilised while double-gloving to notify surgeons of impending glove punctures. Surgical gloves for antisepsis are standard practise in all medical facilities. Surgical gloves, on the other hand, have been used for a variety of purposes in the field of plastic and reconstructive surgery, in addition to antisepsis. Surgical gloves, on the other hand, have been used for a variety of purposes in the field of plastic and reconstructive surgery, in addition to antisepsis. Surgical gloves are commonly used by doctors, nurses, carers, dentists, and other healthcare professionals. Gloves should be worn during any patient-care activities that could expose them to blood or other bodily fluids (including contact with mucous membranes and non-intact skin), as well as during contact precautions during outbreaks. Gloves are a waste of resources when they are not required, and they do not contribute to a reduction in Cross-transmission. Market Outlook: The Surgical Gloves Market was valued at over USD 2 billion in 2019 and is expected to increase at a CAGR of over 10.5 percent between 2020 and 2026. The growing prevalence of communicable illnesses is driving the global surgical glove market. Some of the primary drivers driving market expansion include an increase in the number of surgical procedures performed around the world, as well as an increase in the rates of numerous chronic and acute diseases, as well as increased worries about cross contamination. The demand for surgical gloves will be driven by the growing geriatric population, which is prone to chronic ailments and may require surgery as a result. The market for surgical gloves is expected to rise due to factors such as an increase in the number of surgical procedures performed globally and an increase in the number of occurrences of healthcare-associated infections. Surgical Hand Gloves Market Growth in COVID-19: The surgical gloves market is a vibrant industry with tremendous company development potential, but the present COVID-19 conditions have produced uncertainty in forecasts, alterations in short-term planning goals, and a focus on near-term cost management and long-term complexity management issues. Profit pool growth in the Surgical Gloves market varied greatly in 2020, as firms swiftly aligned their strategies to the existing market conditions mostly succeeded. The COVID-19 pandemic has emerged as the world's most serious threat. This challenge will be worrisome, especially for underdeveloped countries around the world, as it would result in lower imports owing to global trade disruptions. Surgical gloves, on the other hand, had a large surge in demand during the early stages of the COVID-19 crisis, owing to a shift in client purchase habits for personal protective equipment.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Production of Essential Oil from Lemon Grass

One of the most important essential oils is lemongrass oil. Citral, the oil's most important ingredient, is extracted in large quantities. Citral is the raw ingredient used to make the most significant ion compounds (a series of aromatics with a powerful violet odour). Lemongrass essential oil contains vitamins A, B1, B2, B3, B5, B6, folate, and vitamin C, among others. Magnesium, phosphorus, manganese, copper, potassium, calcium, zinc, and iron are among the minerals found in it. Lemongrass is a grass that belongs to the Poaceae family. Lemongrass is also known as Cymbopogon, a genus of grasses that includes roughly 55 species. The skin-healing effects of lemongrass essential oil are one of its benefits. Lemongrass oil can aid to strengthen hair follicles, reduce hair loss, and soothe itchy and irritated scalps. Lemongrass oil is known to repel bugs like mosquitoes and ants due to its high citral and geraniol content. Lemongrass is one of many essential oils that can help with anxiety. Lemongrass oil has the capacity to treat muscle aches, cramps, and spasms, among other things. It might also aid with circulation. Lemongrass oil's health benefits are becoming more widely known, which is propelling the global industry forward. Individuals' growing preference for alternative remedies is resulting in an increase in the popularity of lemongrass among customers. Furthermore, the growing popularity of aromatherapy and the expanding availability of aromatherapy candles, diffusers, and oils are driving the worldwide lemon grass market forward. In addition, increased demand for lemongrass oil in the pharmaceutical and cosmetic industries is expected to enhance global market growth in the near future.
Plant capacity: Lemon Grass Oil (10 ml Size Pack) 1,334 Ltrs per Day Citral (as by Product) 100,000.0 Ltrs per DayPlant & machinery: 43 Lakhs
Working capital: -T.C.I: Cost of Project: 607 Lakhs
Return: 34.60%Break even: 69.69%
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Industry of Silicone Sealants (Acetic, Natural, MS & PU Types)

Silicones are a broad category of speciality, high-performance materials that include reactive silanes, silicone fluids, and silicone polymers. They're employed in a wide range of consumer and industrial applications. Silicone sealant is a type of adhesive that comes in a liquid form. It usually has the appearance, feel, and behaviour of a gel. It is chemically distinct from other organic polymer-based adhesives. Sealants are commonly chosen because of their capacity to fill gaps, prevent relative substrate movement, and exclude or enclose another substance. Sealants are commonly chosen because of their capacity to fill gaps, prevent relative substrate movement, and exclude or enclose another substance. They have a lower strength than adhesives, but they are more flexible. Sealants are also used as electrical and thermal insulators, fire barriers, and smoothing, filleting, and faying materials. A sealant serves three primary purposes, regardless of the application: 1. It is used to bridge the gap between two or more substrates. 2. It creates a barrier due to the sealant's physical qualities as well as its adhesion to the substrate. 3. It retains its sealing ability over the projected lifetime, service conditions, and environmental conditions. Silicone sealants are viscous polymers used in a range of industries as sealants. These sealants differ from typical adhesives in terms of elasticity and strength. The emerging nations' expansion of the automotive and transportation sectors, as well as the building and construction sectors, will provide significant growth prospects for the silicone sealants market. For example, infrastructure construction in Asia was valued at USD 1,030.7 billion in 2018 and is expected to grow at an annual rate of 8.9% through 2023, reaching USD 4,622.3 billion. Through 2027, rising construction activity in the region as a result of growing urbanization and industrialization may support silicone sealants market trends.
Plant capacity: Silicone Sealant 300 ml Plastic Cartridges 2,666.7 Packs per day Silicone Sealant 300 ml Aluminium Foil Packages 2,666.7 Packs per dayPlant & machinery: 27 Lakhs
Working capital: -T.C.I: Cost of Project: 283 Lakhs
Return: 30.19%Break even: 75.69%
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Investment Opportunities in Business of Adhesive (Fevicol Type)

Any non-metallic substance applied to one or both sides of two separate items that binds them together and prevents their separation is known as adhesive, also known as glue, cement, mucilage, or paste. Adhesives have some advantages over conventional binding processes like sewing, mechanical fastenings, and welding. These advantages include the capacity to bind diverse materials together, a more efficient stress distribution across a joint, the cost-effectiveness of a simple mechanised process, and increased design freedom. Adhesives are usually categorised by adhesion mechanism, then reactive or non-reactive, which relates to whether or not the adhesive chemically reacts to harden. Alternatively, they might be classified according to their first physical phase or if the basic material is natural or synthetic. Physical Properties: • High cohesive strength is desirable. • Adhesion to a range of substrates allows bonding of incompatible materials if necessary. • By flexing with peel tension, flexibility promotes peel strength. • The substrate's and adhesives high elastic modulus resists stress at the bond line. • The adhesive's high damping ability distributes dynamic stresses such as vibration, motion, and impact across the bond, as well as peel stresses at the bond line. The Indian adhesives market is predicted to develop at a CAGR of 6%, owing to technological improvements and increased infrastructure. The adhesives market in India will increase as a result of macroeconomic variables such as low per capita consumption and rising disposable income. Paper and packaging, medical and hygiene, as well as consumer and construction, will all enjoy growth in the worldwide adhesives and sealants market from 2019 to 2021. Few Indian Major Players 1. D H Resins & Chemicals Pvt. Ltd. 2. D I C India Ltd. 3. F C L Technologies & Products Ltd. 4. Feroke Boards Ltd. 5. Golden Chem-Tech Ltd. 6. Henkel Adhesives Technologies India Pvt. Ltd. 7. Konar Organics Ltd. 8. Leela Packagings Ltd.
Plant capacity: Adhesive (Fevicol Type) 10.0 MT per DayPlant & machinery: 17 Lakhs
Working capital: -T.C.I: Cost of Project: 161 Lakhs
Return: 26.70%Break even: 65.62%
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Production of Bicarbonate Cartridge Acid Concentrate Hot Disinfectant Cold Disinfectant

When mixed with acid concentration and pure water, a Bicarbonate Cartridge containing sodium bicarbonate powder creates fresh dialysate online. Fast and simple to load, with a variety of cartridge volumes to meet various treatment times. Liquid acid concentrations in a ready-to-use form for use with bicarbonate concentrate powder. When coupled with bicarbonate concentrate and pure water, nipro acid concentrates make it simple to make fresh online dialysate. Heat Disinfection is the thermal destruction of pathogenic and other bacteria. Disinfection is a safer alternative to sterilization. It kills the majority of pathogenic germs, although it doesn't necessarily kill all microbial types. A disinfecting solution that is effective for the patient, equipment, and operators. It works in all kinds of dialysis devices. All microorganisms, including viruses, bacteria, spores, fungus, and even the most resistant species, are killed by the cold disinfection solution. Due to the rigorous procedures involved in hemodialysis therapy, hospitals and diagnostic centers retain a dominant position in the market. As a result, end users account for a large percentage of the entire bicarbonate cartridge industry. However, the continued usage of dialysis machines around the world will create a significant growth opportunity for bicarbonate cartridge-based versions.
Plant capacity: Bicarbonate Cartridge 720 166.7 Nos. per day Bicarbonate Cartridge 650g 500.0 Nos. per day Acid Concentrate 666.7 Nos. per day Hot Disinfectant 33.3 Nos. per day Cold Disinfectant 33.3 Nos. per dayPlant & machinery: 53 Lakhs
Working capital: -T.C.I: Cost of Project: 1153 Lakhs
Return: 25.28%Break even: 35.25%
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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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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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