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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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Start Your Own Craft Brewery or Distillery (Startup). Production of Craft Beer. Microbrewery, Pubbrewery, Brew Pub Beer, Beer Manufacturing Plant.

Craft beer is a type of beer brewed in a traditional manner and usually produced in smaller quantities than that of the conventional beer. The production of craft beer generally takes place in regional craft breweries and microbreweries dedicated intensively for craft beer production. The global craft beer market is primarily dominated by the Americas and Europe, with the US being the largest craft beer country-specific market both in terms of volume and revenue. Craft beers are characterized by various innovative and exotic flavors. Craft beers and microbreweries are niche concepts in India which have been growing for past few years and are beginning to take shape now. They are mushrooming in many parts of the country. This is an emerging trend that is certainly attracting middle class Indians, particularly in urban areas. The craft beer market in India is pegged at Rs. 280 crore and may grow to Rs. 4,400 crore by 2020. The big names in the craft beer business including Gateway Brewing Co. (Mumbai), Doolally (Pune/Mumbai), Effingut Brewerkz (Pune), TJ (Pune), The Barking Deer (Mumbai), The White Owl (Mumbai), Irish Village (Pune) and Brewbot (Mumbai) Craft beer is beer the way it was meant to be, the way it was brewed about a hundred years ago. It is made fresh with all natural ingredients and zero chemical or preservative additions. The Indian craft beer industry greatly benefits from the frequent foreign travel that is a part of our IT sector. Craft beer is a beer that is brewed by a small, independent, and traditional brewer. Craft beer is getting more popular in different parts of the world with local and international brewers expanding their network and offering exciting new flavors and tastes. The rising consumer preference for low alcohol by volume (ABV) beer is the main reason for the significant growth of the global craft beer market. As consumers are positively responding and appreciating new styles of flavors of craft beer, the industry will grow rapidly with more players entering the market rapidly. With the use of premium quality raw materials and advanced brewing techniques, brewers have been successful in attracting consumers towards craft beer from mainstream beer. The global craft beer market to grow at a CAGR of 11.04% during the period 2017-2021. The latest trend gaining momentum in the market is increasing exports of craft beer. In the past few years, the American craft beers were not likely to find a place in the beer markets of Europe and Asia. Current scenario, the American craft beers are one of the major reasons behind the increase in demand for craft beers in Asia and Europe. Craft beers are also able to compete successfully with other alcoholic products in the European countries. The demand for exotic, rare, and innovative flavors of craft beers has increased. The growing awareness among the consumers with respect to the wide range of flavors and styles of the craft beer coupled with low alcohol by volume (ABV) percentage is expected to drive demand over the forecast period. Furthermore, the growing number of craft beer enthusiasts in the U.S., Germany, Belgium, UK and Japan is expected to have a positive impact on the market. The U.S. market experienced sluggish growth post-introduction period of the product, owing to the consumer preference for mainstream beer over craft beer. However, advancement in the brewing process and the use of premium quality raw materials has improved the overall characteristics of the product, which has intrigued the attention of the consumers. New varieties and product development have attracted more consumers towards the craft beer and its sale surged globally. For instance, coffee flavored beer and blended beer are found to have high popularity in the Europe. In addition, since the blending tend to lower the shelf-life of the product, they are manufactured and retailed under the craft beer verities. U.S., U.K., Germany and France are amongst the major developed countries holding a major share in the craft beer market. Branding and promotion of flavored variety of craft beer is supporting its sale on a global level. The trend of consumption of craft beer began in western world and spread to other regions rapidly. The increasing purchasing power of consumers, trends of healthy consumption leading to changes in consumption basket of consumers are likely to remain significant. The increasing consumption of craft beer is driven by this desire to socialize and spend some quality time with family and friends. The craft beer is considered fresh and is preferred by mass consumer especially in developed countries and the trend is spreading across the globe. Craft beer has gained its popularity as consumers want to keep experimenting with the various available flavors of beer. Unique flavor and processing method of craft beer is attracting consumer towards its consumption, thus raising its sale. Tags Craft Beer Industry, Craft Beer Production, Brewery Production, Craft Brewing Business, Craft Beer Manufacturing, Beer Manufacturing, How Beer is Made? 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Production of Craft Beer, Craft Beer Manufacturing Plant, Setting up Microbrewery in India, Microbrewery, Pubbrewery, Brew Pub Beer, Beer Manufacturing
Plant capacity: -Plant & machinery: --
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Spices(100% EOU)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, bulb) of plants used as a flavoring or seasoning, although many can also be used as a herbal medicine. A closely related term, ‘herb’, is used to distinguish plant parts finding the same uses but derived from leafy or soft flowering parts. Spices impart aroma, color and taste to food preparations and sometimes mask undesirable odors. The volatile oils from spices give the aroma and the oleoresins impart the taste. Spices are no longer regarded as wonders of medicine, but they still play an important part in the manufacture of many cosmetics and perfumes and are grown commercially for their coloring and preservative properties. India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. The demand for spices is expected to grow in the future which will lead to a prominent growth in the revenues from the sales of spices in India. The revenues from India market are expected to expand to around USD 18 billion in FY’2020, growing with a CAGR of ~% from FY’2016 to FY’2020. The highest contribution to this growth is expected to come from the spice mixes and blended spices. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A D F Foods Ltd. • Aachi Masala Food'S Pvt. Ltd. • Akay Flavours & Aromatics Pvt. Ltd. • Catch Foods (India) Ltd. • Chordia Food Products Ltd. • Devon Foods Ltd.
Plant capacity: Red Chilli Powder: 200 Kgs. /day Sambhar Masala : 200 Kgs. /day Biryani Masala: 200 Kgs. /day Chicken Fry Masala: 200 Kgs. /day Garam Masala: 200 Kgs. /dayPlant & machinery: Rs 20 lakhs
Working capital: -T.C.I: Cost of Project: Rs 204 lakhs
Return: 29.00%Break even: 53.00%
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Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (the barrel) allowing the syringe to take in and expel a liquid or a gas through an orifice at open end of the tube. Syringes are available in sizes of 1 ml, 2 ml, 5 ml and 10 ml, 50ml in a variety of designs and consist of either two or three components construction. The number of disposable syringes being used has also increased due to the growth in point-of-care administration systems. These systems promote the self-administration of drugs, which can be easily done with modern disposable syringes with improved safety features. The effective result of the above factors of influence on the market – along with a few others – for disposable syringes is expected to translate to a CAGR of 5.6% from 2015 to 2023. This market is expected to be valued above US$9.3 bn by the end of 2023 and close to US$6.5 bn by the end of 2016. India is witnessing a rapid growth across all segments and categories of medical products. India exported US$ 35.22 million worth of syringes and the overall exported quantity was 719.48 million units. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Albert David Ltd. • Disposable Medi-Aids Ltd. • Hindustan Syringes & Medical Devices Ltd. • Lifeline Injects Ltd. • Lifelong Meditech Ltd. • Oyster Medisafe Pvt. Ltd.
Plant capacity: Disposable Plastic Syringes 2 ml Size: 350 Boxes/day Disposable Plastic Syringes 5 ml Size: 350 Boxes/day Disposable Plastic Syringes 10 ml Size: 200 Boxes/day Disposable Plastic Syringes 50 ml Size: 100 Boxes/dayPlant & machinery: Rs 151 lakhs
Working capital: -T.C.I: Cost of Project: Rs 343 lakhs
Return: 26.00%Break even: 63.00%
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Phosphate Rich Organic Manure (PROM)

Phosphates play a vital role in the balanced nutrition of plants. Most of the soils in India are low to medium in phosphate (P) content which requires external application of P for good harvest. Phosphate Rich Organic Manure is produced by co-composting high-grade (32% P2O5 ± 2%) rock phosphate in very fine size (say 80% finer than 54 microns). Needless to say, the finer the rock phosphate the better is the agronomic efficiency of PROM. This substance may be a more efficient way of adding phosphorus to soil than applying chemical fertilizers. PROM is known as a green chemistry phosphatic fertilizer. Addition of natural minerals or synthetic oxides in water-insoluble forms that contain micronutrients such as copper, zinc, and cobalt may improve the efficiency of PROM. To promote organic agriculture system Government of India launched National Programme for Organic Production (NPOP) in the year 2001. NPOP defined the standards, accreditation procedures and established a credible certification system which is now well established nationally and internationally. In India, agriculture has been practiced for thousands of years, which was essentially organic, is also the repository of traditional wisdom and genetic germplasm. Civil society organizations and innovative farmers have developed technologies which are not only effective and productive, but are also explainable and accepted by the modern science. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Accord Hydro air Pvt. Ltd. • Advance Crop care (India) Pvt. Ltd. • Agro Phos (India) Ltd. • Alchemy Processors Pvt. Ltd. • Almighty Crop Science Pvt. Ltd. • Andhra Pradesh State Agro Inds. Devp. Corpn. Ltd.
Plant capacity: Phosphate Rich Organic Manure (PROM): 1000000 MT /AnnumPlant & machinery: Plant & Machinery: Rs 290 lakhs
Working capital: -T.C.I: Cost of Project : Rs 4612 lakhs
Return: 29.00%Break even: 39.00%
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Hexamethoxymethyl Melamine (HMMM)

Hexamethoxymethyl Melamine (HMMM) HMMM is a Hexa (methoxymethyl) melamine resin. It is used as a crosslinking agent with resorcinol or a novolak resin and as an adhesion promoter in rubber compounds with a variety of substrates. Hexamethoxymethyl melamine (HMMM) which supplied in liquid form. It is a versatile crosslinking agent for a wide range of polymeric materials, both organo-soluble and water-borne. It is soluble in most commonly used organic solvent but solubility in water is limited-when blended with most other water-reduciable resins, tolerates dilution in water. Indian manufacturers and importers imports MELAMINE under HS Code 29. Authentic and complete Indian importers data and import statistical report of MELAMINE are compiled from daily list of customs. Laminates was the dominant segment of the global melamine market in 2014. A similar trend is expected to continue between 2015 and 2023. The segment accounted for more than 50% share of the global melamine market in 2014 and is anticipated to be the fastest-growing market during the forecast period. Adhesives & sealants and others are projected to play a crucial role in growth of the global melamine market from 2015 to 2023. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Adarsh Chemicals & Fertilisers Ltd. • Gujarat State Fertilizers & Chemicals Ltd. • Jay Chemical Inds. Ltd
Plant capacity: Hexamethoxymethyl Melamine (HMMM)6 M/DayPlant & machinery: Rs 185 lakhs
Working capital: -T.C.I: Cost of Project: Rs 600 lakhs
Return: 27.00%Break even: 60.00%
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Agricultural Warehouse with Cold Storage

Warehousing plays a very vital role in promoting agriculture marketing, rural banking and financing and ensuring Food Security in the county. It enables the markets to ease the pressure during harvest season and to maintain uninterrupted supply of agricultural commodities during off season. Warehousing refers to the activities involving storage of goods on a large-scale in a systematic and orderly manner and making them available conveniently when needed. Availability of proper cold storages are important for preserving perishable commodities like milk, meat, eggs, vegetables, fruits, ornamental flowers and other floricultural goods. These cold storages give perishable food items a longer shelf life by preventing them from rotting due to humidity, high temperature and micro-organisms. A cold storage facility accessible to them will go a long way in removing the risk of distress sale to ensure better returns. Warehousing plays a very vital role in promoting agriculture marketing, rural banking and financing and ensuring Food Security in the country. Indian transportation and logistics market witnesses new heights; there has been increasing buzz around technology adoption, network optimization, multimodal transportation and improving warehousing. The latter in particular has been evolving rapidly from traditional 'go downs’ to modern facilities. Indian logistics market is expected to grow at a CAGR of 12.17% by 2020 driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors. Indian cold storage market is expected to grow at a CAGR of 16.09% by 2020 driven by the growth in the organized retail, Indian fast food market, and food processing industry and e-commerce sectors. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: Sacks Store in Warehouse: 50000 Units /Day Cold Storage: 65 Units /DayPlant & machinery: Rs 276 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1468 lakhs
Return: 21.00%Break even: 46.00%
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Bicycle and Cycle Rickshaw Manufacturing

A Bicycle, is a human-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. Bicycles are one of the oldest forms of transportation. Even today millions of people travel by bicycle daily to their work, college, universities and distant places. The cycle rickshaw is a small-scale local means of transport; it is also known by a variety of other names such as bike taxi, velotaxi, pedicab, bikecab, cyclo, beca, becak, trisikad, or trishaw. A Cycle Rickshaw is often hailed as environment-friendly and an inexpensive mode of transportation. The Indian bicycle industry, the second largest in the world, produces around 10 to 14 mn units annually. China leads with a production of over 50 mn units. The total world market is estimated at close to 100 mn units. The bicycle market in India is expected to register a CAGR of more than 8% in terms of value during the forecasted period of 2016-17 to 2021-22. There are guesstimates that close to 1 million cycle rickshaws ply on the Indian roads carrying about 3-4 billion passengers-km/year. In some cities they are the major means of transport. They provide employment to about 700,000 rickshaw pullers, are very maneuverable and are completely non-polluting and hence environmentally friendly means of transport. Thus, as an entrepreneur this project offers an exciting opportunity to you. Few Indian major players are as under • Atlas Cycles (Sonepat) Ltd. • Avon Cycles Ltd. • Cycle Corporation Of India Ltd. • Deepak International Ltd. • Dewan Steels Ltd. • Eastman Industries Ltd.
Plant capacity: Bicycles (Different Sizes): 1000 Nos. /Day Cycle Rickshaw: 1000 Nos. DayPlant & machinery: Rs 336 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 1525 lakhs
Return: 27.00%Break even: 63.00%
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Spice Oil Extraction from Curry Leaves (100% EOU)

Murraya koenigii, commonly known as curry leaf or kari patta in Indian dialects, belonging to Famil Rutaceae which represent more than 150 genera and 1600 species1 Murraya Koenigii is a highly values plant for its characteristic aroma and medicinal value. Curry leaves are a rich source of minor constituents, such as Ca, K, Mg, P, along with Fe, Mn, Se and Zn, in trace amounts. Toxic element (As, Cd, Hg and Pb) contents were found to be below USFDA limits. The mineral content of curry leaves are: Fe 152 to 158 mg/kg, Na 795 to 800 mg/kg, Mg 14 to 18mg/kg, Mn 96 to 98 mg/kg. According to the proximate analysis leaves of Murraya Koenejii consists moistures 63%, total nitrogen 1%, fat 6%, total sugar 14%, crude fiber 7% and ash 13%. The curry leaf (Murraya koenigii spreng) has 2.6% volatile essential oils (terpenes: beta caryophylline, beta gurjunene, beta elemene, bete phellandrene, beta thujene and others). These oils in the curry leaf are sufficiently soluble in water and terpenes are lighter than water. The global essential oil market size was valued at USD 3.36 billion in 2015 and is expected to witness an estimated growth rate of 9.0% from 2016 to 2024. Around 200 different types of essential oils are consumed all over the world annually, and the U.S. plays a major role in overall demand. Essential Oil Market is expected to reach $11.188 million by 2022, with a CAGR of 8.7% from 2016 to 2022. Essential oils, also known as volatile oils/aetherolea/ethereal oils, are derived from leaves, stems, flowers, bark, roots, or other parts of a plant. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Concert Spices & Exports Ltd. • Dabur India Ltd. • Gangotri Oils & Agro Products Pvt. Ltd. • Gulab Oil & Foods Pvt. Ltd. • Khandelwal Edible Oils Ltd. • Mahesh Edible Agro Oil Inds. Pvt. Ltd.
Plant capacity: Curry Leave Oil: 500 Kgs. /DayPlant & machinery: Rs 13 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 152 lakhs
Return: 28.00%Break even: 59.00%
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Aluminium Rolling Mill

Aluminium foil is aluminium prepared in thin metal leaves, with a thickness less than 0.2 millimetres (8 mils), thinner gauges down to 6 µm (0.2 mils) are also commonly used. Standard household foil is typically 0.016 millimetres (0.6 mils) thick and heavy duty household foil is typically 0.024 millimetres (0.9 mils). Aluminium foil is produced by rolling sheet ingots cast from molten aluminium, then re-rolling on sheet and foil rolling mills to the desired thickness, or by continuously casting and cold rolling. Aluminium foil is a thin sheet of metal. As such it can be an absolute barrier to moisture, gases, odors, bacteria and moulds. There are around 10 Major Aluminium Foil manufacturers in India with rolling capacity of around 10000 tons per month to cater the total demand of around 12000 tons per month in different field of pharmaceuticals and flexible packaging industries. In the present scenario, market demand of the product is growing with a rate of 14.5% per annum. Global demand for aluminium foil is forecast to expand 8.7% p.a. between 2014 and 2018. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Amco India Ltd. • Annapurna Foils Ltd. • Archer Metal Ltd. • E C K Haubold & Laxmi Ltd. • Flex Art Foil Ltd. • Gallium Industries Ltd.
Plant capacity: Aluminium Foil Food Grade (thickness 0.006 mm to 0.150 mm): 24 MT/DayPlant & machinery: Rs 310 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 1252 lakhs
Return: 29.00%Break even: 52.00%
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LT Cable

A low-tension line is a low voltage line and a high-tension line is a high voltage line. In India LT supply is of 400 Volts for three-phase connection and 230 Volts for single-phase connection. High tension or HT supply is applicable for bulk power purchasers who need 11 kilo-Volts or above. Most small consumers of electricity like individual houses, shops, small offices and smaller manufacturing units get their electricity on LT connection. HT is applicable for bulk purchasers of electricity like industries (big manufacturing units), big offices, Universities, hostels and even residential colonies (if the apartment complexes purchase together in bulk). Cable and wire industry has established itself as one of the backbones of modern information age. The increasing importance for power, light and communication has kept demand high for wire and cable. About 40 per cent of the entire electrical industry is composed by wire and cable industry, and it is expected to be double in the next 5 years. The global wire and cable market is valued at $127 billion in 2010. This market is expected to increase at a 9.4 per cent CAGR to reach nearly $200 billion in 2015. Revenues from the wires and cables industry in the India are expected to expand to INR ~ million in FY'2019 growing with a CAGR of 18.5% from FY'2014-FY'2019. As a whole you can invest in this project without risk and earn profit. Few Indian major players are as under • Aradhya Wire Ropes Pvt. Ltd. • Associated Cables Pvt. Ltd. • Cords Cable Inds. Ltd. • D P Wires Ltd. • D R S Cables Pvt. Ltd. • Deccan Wires & Welding Products Pvt. Ltd. • Excel Controlinkage Pvt. Ltd.
Plant capacity: LT Cable (11 mm-13 mm dia & PVC Copper Cable): 50 KM/DayPlant & machinery: Rs 227 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 915 lakhs
Return: 28.00%Break even: 52.00%
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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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