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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.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
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Automobile Hoses

Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coil hose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed. In recent years, hoses can also be manufactured from special grades of polyethylene (LDPE and especially LLDPE). India is also a prominent auto exporter and has strong export growth expectations for the near future. Government of India and the major automobile players in the Indian market are expected to make India a leader in the 2W and Four Wheeler (4W) market in the world by 2020. The Indian automotive aftermarket is estimated to grow at around 10-15 per cent to reach US$ 16.5 billion by 2021 from around US$ 7 billion in 2016. It has the potential to generate up to US$ 300 billion in annual revenue by 2026. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Alfa Flexitubes Pvt. Ltd. • Cosmos India Rubber Works Ltd. • Gates India Pvt. Ltd. • Integrated Thermoplastics Ltd. • Kisan Extrusions Ltd. • Kisan Irrigations & Infrastructure Ltd
Plant capacity: Automobile Hoses: 4000 Nos./DayPlant & machinery: 47 lakhs
Working capital: -T.C.I: 185 lakhs
Return: 28.00%Break even: 70.00%
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Cheese Analogues

Cheese analogues (more widely known as cheese alternatives) are products used as culinary replacements for cheese. These include vegan cheeses as well as some dairy products, such as processed cheese or Kraft Singles that do not qualify as true cheeses. Cheese analogues used especially for pizza are produced by using rennet casein, acid casein, vegetable oil mixtures and other functional additive substances. A typical MCA formulation is determined as casein and caseinates 18-24%, vegetable oil 22-28%, starch 0-3%, ES 0.5-2, sweeteners and flavorants 0.5-3%, stabilizer 0-0.5%, acidifiers 0.2-0.36%, colourants 0.04%, preservatives 0.10% and water content 45-55%. Cheese Analogues market is currently experiencing a growth in demand due to need of reduction in prices of cheese production. Cheese analogues are produced with the help of different types of methods and production techniques. Cheese analogue’s produced with the help of individual constituent, soya oil and casein etc. are cheaper alternatives for milk dry matter. In India, a successful attempt has been made in developing MCA based on acid casein and vegetable oil/fat blend taking help of emulsifying salts and rennet casein and speciality fat. As a whole you can invest in this project without risk and earn profit.
Plant capacity: 1000 Kgs./DayPlant & machinery: 36 lakhs
Working capital: -T.C.I: Cost of Project: Rs 126 lakhs
Return: 26.00%Break even: 62.00%
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Craft Beer

Craft brewing" is a more encompassing term for developments in the industry succeeding the microbrewing movement of the late 20th century. Bira 91, (90 calories for a 330 ml bottle). "Bira 91 Light is the lowest calorie option for any alcoholic beverage in the bar. It is lower than a glass of champagne, much lower than Breezers, wine, or cocktails. Heck, it’s even lower than a glass of milk or orange juice!" 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. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Appollo Distilleries & Breweries Pvt. Ltd. • Arthos Breweries Ltd. • Aurangabad Breweries Ltd. • Castle Breweries Ltd. • Devans Modern Breweries Ltd. • Doburg Lager Breweries Ltd. • Doon Valley Brewers Ltd.
Plant capacity: 5000 Ltrs./DayPlant & machinery: Rs 383 lakhs
Working capital: -T.C.I: Cost of Project: Rs 830 lakhs
Return: 26.00%Break even: 52.00%
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Adult Pull-up Diapers

Diapers are primarily worn by children who are not yet potty trained or experience bedwetting. However, they can also be used by adults with incontinence or in certain circumstances where access to a toilet is unavailable. A disposable diaper may also include an inner fabric designed to hold moisture against the skin for a brief period before absorption to alert a toilet training or bedwetting user that they have urinated. An adult diaper is a diaper made to be worn by a person with a body larger than that of an infant or toddler. Diapers can be necessary for adults with various conditions, such as incontinence, mobility impairment, severe diarrhea or dementia. Disposable diapers market would garner substantial market share of about 63% of the estimated global market by 2020. According to “India Diaper Market Outlook, 2021”, India’s diaper market was growing with a CAGR of 22.23% over past five years. On the basis of age, the report categorizes the India diaper market into baby diapers and adult diapers. Baby diapers constitute the leading category in the market. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under Carewell Hygiene Products Ltd. Centron Industrial Alliance Ltd. Diapers India Ltd. Godrej Hygiene Products Ltd. Gufic Biosciences Ltd. Johnson & Johnson Pvt. Ltd.
Plant capacity: Adult Pull-up Diapers (Big Size) 10 Pcs/Pkts: 6000 Pkts/Day Adult Pull-up Diapers (Big Size) 4 Pcs/Pkts: 15000 Pkts /Day Adult Pull-up Diapers (Small Size) 10 Pcs/Pkts: 6000 Pkts/Day Adult Pull-up Diapers (Small Size) 4 Pcs/Pkts: 15000 Pkts /DayPlant & machinery: 2123 lakhs
Working capital: -T.C.I: Cost of Project: Rs 2787 lakhs
Return: 54.00%Break even: 32.00%
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Medical Disposables (Gowns/Drapes)

Surgical gowns are worn by doctors and nurses in the operating theater to address a dual function of preventing transfer of microorganisms and body fluids from the operating staff to the patient, and also from patient to staff. A surgical drape is a covering made of a disposable non-woven material and is used to cover the area of a patient. A drape usually has a fenestration (an opening) to allow the surgeon to perform the operation. Drapes also vary from hospital to hospital. For example, for an eye operation, a drape measuring 15 sq. in. Medical Nonwoven Disposables Market size is set to exceed USD 12.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing number of baby boomers highly susceptible to suffer from incontinence condition will serve as high impact rendering factor for the medical nonwoven disposables market growth. Thus, due to demand it is best to invest in this project.
Plant capacity: Surgeon Gowns: 250 Pcs./Day Pateint Gowns: 300 Pcs./Day Pillow Covers: 700 Pcs./Day Surgeon Caps: 1000 Pcs./DayPlant & machinery: 204 lakhs
Working capital: -T.C.I: Cost of Project: Rs 492 lakhs
Return: 27.00%Break even: 51.00%
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Cold Water Soluble Starch

Cold water starch is a modified starch used to stiffen textile and other related fabric. It is simply used in cold (room temperature) water or directly on the material to be treated. Cold water starch is used to stiffen clothes and fabrics. It is used in cold water at room temperature on the fabric to be treated. Cold water starch is easy to use; it does not require boiling water to prepare it, this has made it a darling to starch users and launderers. The demand for starches and derivatives looks very promising in India as all the major user segments of starches and derivatives are showing near double digit growth in their production. It is also one of the largest contributors to India’s exports with approximately 11 percent of total exports. The Indian textile industry, currently valued at around INR 7265 bn ($110 bn), is expected to reach $225 bn by 2021. Global Modified Starch Market was valued at $7,995 million in 2016, and is projected to reach at $10,700 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. As a whole entrepreneur can venture in this field will be successful.
Plant capacity: 48 MT/DayPlant & machinery: 165 lakhs
Working capital: -T.C.I: Cost of Project: Rs 505 lakhs
Return: 27.00%Break even: 70.00%
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Hydraulic Hose

A hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes (the word pipe usually refers to a rigid tube, whereas a hose is usually a flexible one), or more generally tubing. The shape of a hose is usually cylindrical (having a circular cross section). Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coilhose, and chemical compatibility. Hoses are made from one or a combination of many different materials. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers etc. Development in rubber and plastic technology led to substantial growth of hose pipe and almost all the hose pipe manufactured has components of rubber and plastic. Demand for hose pipe is on rise in almost all the sectors. India has the second largest consumer base in the world. Increased demand for goods has led to mechanization which has promoted the use of all types of machines including hydraulic machineries. The resultant effect on the global market for hydraulic rubber hoses is a CAGR of 4.2% from 2014 to 2022. This market is expected to be valued at US$779.8 mn by the end of 2016 and US$1 bn by 2022. whole you can invest in this project without risk and earn profit. Few Indian major players are as under • Bhagawati International Ltd. • Cosmos India Rubber Works Ltd. • Finolex Industries Ltd. • Finolex Plasson Inds. Pvt. Ltd. • Jain Irrigation Systems Ltd. • Kimplas Piping Systems Ltd. (1996) • Minda T G Rubber Pvt. Ltd.
Plant capacity: Hydraulic Hose with Clamp: 1000 Pcs./DayPlant & machinery: 78 lakhs
Working capital: -T.C.I: Cost of Project: Rs 215 lakhs
Return: 28.00%Break even: 65.00%
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Wood Polish

Wood polish is used to protect against abrasions and gives your furniture a shiny appearance. While polish evaporates more quickly than wood wax, it is much easier to apply. The term wood coatings implies a wide range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. The significance of wood coatings is that they add depth and warmth to the appearance of the wooden structures. They can be applied in the form of surface coatings, natural finishes, pigmented finishes, penetrating finishes and wax polishes. Depending upon the applications, the usage of wood coatings also varies. The key applications of wood coatings include furniture, cabinets, and side and deck. Demand for wood protection coatings and preservatives is expected to advance 4.5 percent per year through 2018 to $4.8 billion, as per a study “Solvents.” Growth in the industry will primarily be driven by a rebound in residential construction activity, which in turn benefits the major applications in which wood coatings and preservatives are used – namely furniture, decking and siding. The expected demand for coatings is projected to rise 4.7 percent annually through 2018. Maintenance end uses account for a slightly higher share of coatings demand, driven by the needs of the large existing base of wood items. Even so, demand for new coatings in construction-related applications will be the primary impetus for accelerating demand gains through 2018. Demand for wood preservatives is expected to increase 2.7 percent annually through 2018. Gains will be supported by the rising production of pressure-treated lumber as construction activity rebounds. Faster advances will be restrained by the maturity of a number of applications, such as railroad products and utility poles.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Wax Floor Polish

Floor Wax provides deep nourishing protection for new and reclaimed interior wooden floors, giving them a traditional, soft, natural sheen, whilst protecting them against daily wear and tear. Quick drying, non-sticky and buffs easily to a sheen, Floor Wax is also suitable for use on cork floors. Floor wax is generally derived from carnauba wax, a wax that is extracted from the leaves of Brazilian palm trees. It makes perfect sense that a plant indigenous to an extremely hot and humid climate and demanding habitat would provide the most resilient waxes. Floor Polish rejuvenates and lifts the sheen level of tired, worn floors and is ideal for use on commercial and domestic floors subject to high traffic.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Car Polish

A car wax is a substance which is used primarily to protect the car’s finish and enhance its shine. It generally refers to products containing carnauba wax, which comes from a palm tree, however other natural waxes can also be mixed to enhance capabilities. It is rubbed on the care exteriors and is allowed to dry, creating a protective top layer for the car. Moreover, a car wax also helps in filling minute hair line scratches and enables a smoother surface. The global car wax market is expected to expand with an impressive CAGR over the forecast period. ?
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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