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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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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.

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Phthalocyanine Blue & Green

Phthalocyanine is actually a chemical compound commonly used for dyes and pigments. Phthalocyanine Blue or Phthalo Blue is a bright, crystalline, synthetic blue pigment from the group of phthalocyanine dyes. Daniel Smith offers two versions of Phthalo Blue, one's a green shade and the other a red shade. Phthalocyanine Blue BN, also called by many names (EINECS 205-685-1), is a bright, crystalline, synthetic blue pigment from the group of phthalocyanine dyes. Its brilliant blue is frequently used in paints and dyes. It is highly valued for its superior properties such as light fastness, tinting strength, covering power and resistance to the effects of alkalis and acids. It has the appearance of a blue powder, insoluble in water and most solvents. Phthalocyanine green G, which has many commercial names, is a synthetic green pigment from the group of phthalocyanine dyes, a complex of copper(II) with chlorinated phthalocyanine. It is a soft green powder, which is insoluble in water.[1] It is a bright, high intensity colour used in oil and acrylic based artist's paints, and in other applications. Asia Pacific region, owing to its vast consumer base and increasing industrial application, is expected to represent a significant market share in the global Phthalocyanine pigments market. China and India are anticipated to remain key consumers as well as supplier of Phthalocyanine pigments over the coming years. Average growth is expected from the relatively mature markets of North America and Western Europe, however, Middle East and Africa and Latin America are expected to provide good signs of growth over the Forecast Period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Mango Juice

A non-carbonated beverage flavored by the pulp from mangos. A mango is a tropical fruit that has a flavor which tastes like a blend of pineapple, apricot, and peach. The mango nectar has a delicate flavor that is both sweet and sour, much like the mango fruit. It is yellowish orange in color and has a smell that resembles a fresh mango. Mango nectar is sometimes used as an ingredient to flavor mixed cocktails. The global fruit and vegetable juices market size was valued at USD 154.18 billion in 2016 and is expected to grow at a CAGR of 5.93% during the forecast period. Rise in consumption of these products, change in consumer tastes, adoption of healthier diet, and advent of cold pressed juices are the major factors accelerating the growth of this market globally. Fruit and vegetable juices are one of the fastest growing segment in the beverages industry owing to increasing health concerns among consumers. Health and fitness have become vital in today’s world and there has been a latent shift in the consumption of healthy juices from aerated sodas.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Plating on Plastics, Electroplating on Plastics Silver & Gold Plating on Pvc And Nylon-6

The Gold is a relatively scarce yellow metal. Often found in the native State, which is the most malleable of all metals. It is extremely corrosion resistant but it may be desolved by aqua-regia, potassium cyanide solution and in aquos solution of the halogens bromine and Iodine. The metal does not form a coherent oxide film on its surface even at very high temperature and therefore it has a very low contact resistant. Nylon which come in the polyamide group of plastics are now available in some 100 formulations for injection moulding and extrusion for those end-uses where toughness, frictional characteristics and other properties of the materials are desired. Nylon-6 or Poly eaprolactum is chemically denoted as [NH(CH2)5Co]x. PVC known as polyvinyl chloride is the largest branch of the vinyl polymers and copolymers. The PVC are available in a wide range of formulations flexible or rigid, all characterized by excellent water and chemical resistance strength, and self extinguishability. Plastic materials which are defined as a solid which can be pressed or moulded into any shape are classed as Thermoset plastics and Thermo-Plastics. Nylon-6 and PVC are the most commonly used Thermoplastics along with HDPE, LDPE, polystyrene and Acrylic polymers. As is known it is quite possible to plate in some fashion on virtually any type of solid, whether it be metal ceramic, rubber, wood, glass or plastic. And there are many methods other than electroplating such as vercuum metalizing, silvering plating over conductive point, and metal spraying that have been used to metalize solids. Silver & gold plating of plastics is an important aspect of plating on Non-conductors. The problem of electroplating on non-conductors is initially to provide a more or less adherent conductive coating on the substrate by non-electrolytic means, so that conventional electroplating methods can be applied just as to any metallic substrate.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Electroplating of Gold & Their Chemical Treatment in Golden Colour on Silver Thread

Electroplating is the process of coating one metal or metal object with a very thin layer of another metal, typically by applying a direct electric current. This partially dissolves the metals and creates a chemical bond between them. The coating applied by electroplating is usually around 0.0002 inches thick. Gold plating, called gold electroplating, relies on a chemical process to combine various layers of metal into a solid piece with a layer of gold resting on the surface. In all gold plating, the part is polished and cleaned as thoroughly as possible before the electroplating process starts. Gold plating will look uneven and smudged if the surface is dirty, oily, scratched or otherwise damaged. Gold plating can be added to almost any metal, including brass, copper or nickel. Silver items can also be gold-plated.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Mango Processing (Pulp & Juices)

Mango Pulp is the concentrated mango juice obtained on processing of various varieties of mangoes. The processed mango pulp has enhanced shelf life and has significant export potential. The mango pulp can further be used to produced own stream products like mango jelly. The canned mango pulp has about 2 years of shelf life without using a cold storage. Canned Mango pulp is consumed as a fruit juice and in the processing of mango jelly. The technology for the manufacture of various canned and bottled fruits and vegetable products is well established. The harvested mangoes are put in ripening chambers or sheds and are periodically checked for further processing. Processed mango product market for primary and secondary processed mango products will expand at over 5.9% and 7.3% respectively and the market is expected to reach US$ 705 Mn and 15,776 Mn by 2026. Demand for processed mango products in Asia Pacific is likely to remain concentrated in India and China due to the presence of larger number of consumers and an application base. The South America processed mango product market is expected to grow at a CAGR of 6.7% and 7.1% respectively for primary processed mango product and secondary processed mango product. Middle East & Africa region is also expected to expand at a CAGR of 6.6% and 7.0% respectively for primary and secondary processed mango products. South Africa is expected to generate the highest revenue in the region. The markets in North America and Europe are also expected to expand at a gradual rate for processed mango products.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Benzyl Alcohol

Benzyl alcohol is an aromatic alcohol with the formula C6H5CH2OH. The benzyl group is often abbreviated "Bn" (not to be confused with "Bz" which is used for benzoyl), thus benzyl alcohol is denoted as BnOH. Benzyl alcohol is a colorless liquid with a mild pleasant aromatic odor. It is a useful solvent due to its polarity, low toxicity, and low vapor pressure. Benzyl alcohol has moderate solubility in water (4 g/100 mL) and is miscible in alcohols and diethyl ether. The opportunity in the global benzyl alcohol market is predicted to rise from US$198 mn in 2015 to be worth US$299.2 mn by 2024, registering a CAGR of 4.7% therein. The demand for benzyl alcohol is anticipated to rise at a 4.1% CAGR during the forecast period. By volume, the paints and coatings industry led the global market in terms of end use and will account for a share of over 60% by 2024. The demand for benzyl alcohol in the paints and coatings industry is likely to rise at a 3.9% CAGR from 2016 to 2024. However, the pharmaceutical industry is projected to exhibit the fastest growth in terms of demand for benzyl alcohol.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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C.I. Casting (Foundry) By Induction Furnace

An Induction Furnace is an electrical furnace in which the heat is applied by induction heating of metal. Induction furnace capacities range from less than one kilogram to one hundred tonnes, and are used to melt iron and steel, copper, aluminium, and precious metals. Cast irons as construction material are still maintaining the standard of usability, because they provide a wide range of usable properties and also because they require less expensive metallurgy, or technology, and in many cases they provide a more economically convenient solution.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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LPG Cylinder Refilling Plant

Liquefied Petroleum Gas is a Propane / Butane mixture liquefied under normal ambient temperature and moderate pressures. It is a safe, clean burning, reliable, high calorific value fuel. The detailed design of filling plants, and the associated cylinder filling equipment, should be undertaken by an appropriate supplier based on the required performance specification. The basic operations undertaken in the filling plant and maintenance areas e.g. cylinder inspection, cylinder filling, leak testing, checks to ensure no overfilling, cylinder evacuation and vapor recovery, re-valving, cylinder requalification, maintenance and repair of cylinders, grit blasting, painting, etc. Application of LPG in the industrial sector is also increasing, owing to growing use of LPG as a feedstock in petrochemical plants in the country. Moreover, rising demand from transport segment and increasing consumption of LPG to produce various chemical components such as propylene, ethylene, butadiene, etc., is further anticipated to boost demand for LPG in the country in the coming years. The mini-filling plant concept makes LPG easily accessible in many parts of the country. Approximately 65% of the LPG demand is located in countries. This facilitates the development of new technologies and ensures a high quality product.
Plant capacity: LPG Refilling Cylinders : 16000 Pcs./DayPlant & machinery: 1391 lakhs
Working capital: -T.C.I: Cost of Project: Rs 11166 lakhs
Return: 30.00%Break even: 31.00%
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Curcumin

Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is extracted from the dried root of the rhizome Curcuma Longa. The process of extraction requires the raw material to be ground into powder, and washed with a suitable solvent that selectively extracts colouring matter. This process yields a powdered, purified food colour, known as curcumin powder, with over 90 percent colouring matter content and very little volatile oil and other dry matter of natural origin. India leads in Curcumin, Chilly and Turmeric production in the world. India is one of the leading producers and exporters of Turmeric. Curcumin is the active ingredient that comes from turmeric. In traditional Asian medicine, turmeric is used to treat various conditions. Curcumin is extracted from turmeric for medicinal purposes. These value-added products enjoy excellent demand in the developed economies where they are used as food ingredients to enhance value and aroma of many foods. Importantly, they are standardized products, hygienic and of consistent quality, also used in addition to a variety of pharmaceutical formulations. The export has shown an increase of 19% in rupee value and 6% in quantity. In dollar terms, the increase is 6%. As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • A V Thomas Indl. Products Ltd. • Akay Flavours & Aromatics Ltd. • Concert Spices & Exports Ltd. • Enjayes Spices & Chemical Oils Ltd. • Global Green Co. Ltd. • K C P Biotech Ltd.
Plant capacity: Curcumin Powder : 90 Kgs/Day Turmeric Oil: 90 Kgs/Day Deoiled Turmeric : 2800 Kgs/DayPlant & machinery: Rs 628 lakhs
Working capital: -T.C.I: Cost of Project: Rs 990 lakhs
Return: 27.00%Break even: 49.00%
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Cold Storage

A cold storage is a temperature-controlled supply chain network, with storage and distribution activities carried out in a manner such that the temperature of a product is maintained in a specified range, needed to keep it fresh and edible for a much longer period than in normal ambient conditions. This system facilitates long distance transport of various products as well as makes seasonal products available over the entire year. Fruits, vegetables and many other commodities can be preserved by storage at low temperature, which retards the activities of microorganisms. 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. Cold storage market in India is expected to be worth US$ 8.57 billion by 2020. The cold storage market in India is highly fragmented with more than 3500 players in the unorganized sector and around 30 players in the organized sector. India currently has 6156 cold storage facilities across various states with total capacity of 28.68 MMT which is insufficient. As a whole there is a good scope for new entrepreneur to invest in this business.
Plant capacity: Fruits & Vegetables Store: 2000 MTPlant & machinery: 79 lakhs
Working capital: -T.C.I: Cost of Project: Rs 281 lakhs
Return: 23.00%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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