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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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Namkeens (Dalmoth, Bhujia, Chana Chur and Khatta Meetha)

A Namkeen is seen in western culture as a type of food that is not meant to be eaten as part of the main meals of the day (breakfast, lunch, and diner). Rather, the food is intended as a namkeen something to temporarily tide a persons hunger and provides a brief supply of energy for the body. Namkeen are designed to be less perishable, more durable, and more appealing than natural foods. Dal Moth, Chanachur, Bhujia & Khatta Meetha are the important names enhancing the flavour, & taste and processed foods. These are food products having no historical background & becomes in market and in social & cultural synonym as the society became more advanced. The market of ready-to-eat namkeens is estimated at more than Rs.50,000 crore, having grown at a compounded annual growth rate of around 13% since 1998 till 2014 and expected to grow at a CAGR of 22% during 2014-2019. India is the world’s second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Aakash Global Foods Pvt. Ltd. • Bakeys Foods Pvt. Ltd. • D F M Foods Ltd. • Frito-Lay India • Gopal Snacks Pvt. Ltd. • Haldiram Foods Intl. Ltd
Plant capacity: Namkeen, Bhujia, Dalmoth, Chana Chur & Khatta Meetha: 10 MT/DayPlant & machinery: 221 lakhs
Working capital: -T.C.I: Cost of Project: Rs 495 lakhs
Return: 27.00%Break even: 53.00%
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Aluminium Cables and Conductors From Molten Aluminium Metal/Aluminium Ingots

A cable is defined as the set of conductors, insulators, sheaths and armor protection or shielding, specifically built to carry the current both for energy transportation and for signal transmission. Cables are mainly used for power transmission and distribution purpose. Aluminium cables can often be found when dealing with electricity, because of their high conductive nature. These cables are ductile, light weight, non-magnetic and are perfect for heavy-duty applications. The wires and cables market in India is led by five major players including Polycab wires, Sterlite technologies, Finolex cables, KEI Industries and Havells India, who cover around ~% of organized market for wires and cables. Polycab sold ~ million units in FY'2014 followed by Sterlite technologies which sold ~ million units in the same year. 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. Thus, due to demand it is best to invest in this project. ? Few Indian major players are as under • Anamika Conductors Pvt. Ltd. • Aravali Infrapower Ltd. • Arrow Cables Ltd. • Associated Aluminium Inds. Pvt. Ltd. • Associated Cables Pvt. Ltd. • Balaji Aluminium Alloys Pvt. Ltd.
Plant capacity: Aluminium Cables and Conductors : 25 MT/DayPlant & machinery: 376 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1650 lakhs
Return: 29.00%Break even: 52.00%
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Engineering College

“The nation's competitiveness depends, in part, on the skills of tomorrow's engineers.” As the saying goes, there is need of engineering college in India for the development of country and provide better opportunity. Engineering is concerned with doing, realizing and implementing thongs. Thus, the aim of future engineering education should be the integration of knowledge, skills, understanding and experience. For economic growth and prosperity, the need is to produce highly professional and competent engineers. This could be achieved by imparting quality teaching to students. Towards this, some norms and standards of engineering education need to be laid down so as to educate the students with appropriate skills suitable for a rapidly changing industrial scenario. If we consider employment available versus Engineer, there is no vacant space among the all engineers output from the existence engineering college. Now a day’s majority of engineers work as administrator not as engineer. Entrepreneurs who invest in this project will be successful.
Plant capacity: Engineering College: 40 Students each Branch, 6 Branches.Total Students in 4th Year 960 Nos.Plant & machinery: Rs 571 lakhs
Working capital: -T.C.I: Cost of Project: Rs 3065 lakhs
Return: 1.00%Break even: 1.00%
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Poultry Feed

Poultry feed is food for farm poultry, including chickens, ducks, geese and other domestic birds. Healthy poultry require a sufficient amount of protein and carbohydrates, along with the necessary vitamins, dietary minerals, and an adequate supply of water. Lactose-fermentation of feed can aid in supplying vitamins and minerals to poultry. Egg laying hens require 4 grams per day of calcium of which 2 grams are used in the egg. Oyster shells are often used as a source of dietary calcium. Certain diets also require the use of grit, tiny rocks such as pieces of granite, in the feed. The feed must remain clean and dry; contaminated feed can infect poultry. India's demand for compound feed is expected to rise 28 million tonnes by 2017-18. The market is expected to grow from USD XX billion in 2016, to USD XXX Billion market by 2022, growing at a CAGR of over 2.7% during the forecast period. The globally poultry feed market is projected to generate revenues worth $252,036.2 million and poultry feed additives is projected to generate $7,829.8 million by 2018 growing at a CAGR of 6.1% and 6.0 % respectively by 2018. . Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Amalgam Nutrients & Feeds Ltd. • Amrit Feeds Ltd. • Anmol Feeds Pvt. Ltd. • Annam Feeds Ltd. • Balaji Agro Inds. Ltd. • Jhunjhunwala Oil Mills Ltd. • Kapila Feeds Pvt. Ltd.
Plant capacity: Poultry Feed: 16 MT/DayPlant & machinery: Rs 43 lakhs
Working capital: -T.C.I: Cost of Project: Rs 244 lakhs
Return: 26.00%Break even: 55.00%
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Razor Blade

A razor is a bladed tool primarily used in the removal of unwanted body hair through the act of shaving. Kinds of razors include straight razors, disposable razor; The double-edged safety razor is a razor with a slant bar that can be used on both sides, with two open edges. The blade on the double-edged safety razor is slightly curved to allow for a smoother and cleaner shave. Indian men's grooming market will grow at a CAGR of 22% by 2020. This growth is mainly due to the rising need to look well groomed, increasing per capita income, and rapid urbanization. The global Disposable Razor Blades Market valuation is expected to rise by 2025. The changing fashion trends and increasing emphasis on external appearances are expected to drive market demand from 2017 to 2025. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Everkeen Blade Co. Ltd. • Gillette India Ltd. • Harbans Lal Malhotra & Sons Pvt. Ltd. • Laser Shaving Products Pvt. Ltd. • R C C (Sales) Pvt. Ltd. • Sharpedge Ltd.
Plant capacity: Razor Blade (Double Edge): 100,000 PKTS/DayPlant & machinery: Rs 681 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1325 lakhs
Return: 27.00%Break even: 54.00%
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Ethyl and Butyl Acetate

Ethyl and butyl acetates are solvents used in surface coatings, inks, flavorings and pharmaceuticals, and other applications. Ethyl acetate (systematically ethyl ethanoate, commonly abbreviated EtOAc or EA) is the organic compound with the formula CH3–COO–CH2–CH3, simplified to C4H8O2. This colorless liquid has a characteristic sweet smell (similar to pear drops) and is used in glues, nail polish removers, decaffeinating tea and coffee, and cigarettes. Ethyl acetate is the ester of ethanol and acetic acid; it is manufactured on a large scale for use as a solvent. Demand for alkyl acetates in India looks promising, as it is expected to have strong growth in domestic consumption and exports during 2015–20. The Global Ethyl Acetate Market is growing with the rapid pace; mainly due to the expanding automotive and construction industries. The market is forecasted to demonstrate a stunning growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2027). Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Ashok Alco-Chem Ltd. • Ester India Chemicals Pvt. Ltd. • Ghaziabad Organics Ltd. • Goodearth Industries Ltd. • Laxmi Organic Inds. Ltd. • Wallams (India) Agro Products & Power Ltd.
Plant capacity: Ethyl Acetate: 8.3 MT/Day Butyl Acetate: 8.3 MT/DayPlant & machinery: Rs 239 lakhs
Working capital: -T.C.I: Cost of Project: Rs 546 lakhs
Return: 27.00%Break even: N/A
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Banana, Onion, Orange and Tomato Powder

The fruit & vegetable powders are specialized foods that have extremely high concentration of vitamins, minerals and phytonutrients. They make a great addition to smoothies and other recipes. Dehydrated vegetable and fruit powders are more practical than their fresh counterparts for food manufacturing. They have a longer shelf life and some powders like are packed with essential vitamins and minerals. While powders are high in demand, the problem is that most of them exist with bland flavors and colors. This is extraction, processing, and storage. Onion powder is considered to offer enhanced taste and better texture owing to which it has become an essential ingredient in a number of applications in the food industry. the market is further expected to reach a volume of around 68 Thousand Tons by 2022. the market is further expected to reach a volume of around 68 Thousand Tons by 2022. As a whole there is a good scope for new entrepreneur to invest in this business. ? Few Indian major players are as under • Coduras Exports Ltd. • Gujarat Dehyd Foods Ltd. • K I Z Foods Ltd. • Kasaar Innovative Foods Ltd. • L M P Gujarat Agro Exports Ltd. • Oceanic Foods Ltd. • Orient Vegetexpo Ltd.
Plant capacity: Banana Powder: 625 Kgs./Day Onion Powder: 300 Kgs./Day Orange Powder: 500 Kgs./Day Tomato Powder: 500 Kgs./DayPlant & machinery: Rs 98 lakhs
Working capital: -T.C.I: Cost of Project: Rs 401 lakhs
Return: 25.00%Break even: 65.00%
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Potato Powder, Granules and Pellets

Potato powder is increasingly being used in a variety of food preparations like snack foods, soups, curries and other dishes as a thickening agent. Potato Granules are created during a process where the potato cells remain almost intact, which leads to a very low proportion of starch. Potato Granules can be soluble at high temperatures when use as a thickening agent. Potato pellets are intermediate non-expanded products made with raw materials potatoes. These semi-finished products are generally sold to snack manufacturers. India Potato production is likely to be lower at close to 100 lakh tonne this year, down from 110 lakh tonne in 2017. Revenue in the Potato Products segment amounts to US$3405m in 2018. The market is expected to grow annually by 6.5 % (CAGR 2018-2021). From an international perspective it is shown that most revenue is generated in the United States (US$9,504m in 2018). As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Balaji Wafers Pvt. Ltd. • Indian Food Fermentations Ltd. • Kalindi Agro Biotech Ltd. • Southern Health Foods Pvt. Ltd.
Plant capacity: Potato Powder: 5 MT/Day Potato Granules : 2.50 MT/Day Potato Pellets: 2.50 MT/DayPlant & machinery: 726 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1068 lakhs
Return: 27.00%Break even: 49.00%
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Baby Diaper and Sanitary Napkins

A diaper or nappy is a kind of underwear that allows one to defecate or urinate in a discreet manner. Most materials in the diaper are held together with the use of a hot melt adhesive which is applied in spray form or multi lines, an elastic hot melt is also used to help with pad integrity when the diaper is wet. Sanitary napkin, a universally needed product, has very low penetration in India and other developing countries, partly due to its high price and partly due to the tradition of using cheaper but unhygienic old cloth piece. As a result they become the host of many infectious diseases. This is due to lack of awareness and economic inability for adopting better precautions like use of good sanitary napkins during menstruation period. The Baby Diaper market is expected to reach around INR 200 Billion by 2022, growing at a double digit CAGR over the forecasted period 2017-2022. According to “India Diaper Market Outlook, 2021”, India’s diaper market was growing with a CAGR of 22.23% over past five years. India feminine hygiene market grew with a CAGR of about 16.05% in the period of five years. As a whole entrepreneur can venture in this field will be successful. 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. • H L L Lifecare Ltd.
Plant capacity: Sanitary Napkins (8 Pcs/Pkt) : 31250 Packets/Day Baby Diapers (4 Pcs/Pkt): 25000 Packets/DayPlant & machinery: 704 lakhs
Working capital: -T.C.I: Cost of Project: Rs 1331 lakhs
Return: 30.00%Break even: 48.00%
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Grape Wine

Wine can be made from grapes, fruits, berries etc. Most wine, though, is made from grapes. And no matter what the wine is made from, there must be fermentation, that is, that sugar be transformed into alcohol. If the amount of alcohol is relatively low, the result is wine. If it is high, the result is "distilled liquor," like gin or vodka. White wines can be made from pigmented grapes by removal of skins, pulp and seeds before juice fermentation. Wines might be "fortified," "sparkling," or "table." Wine production in India, though still at a nascent stage, is likely to reach 18 million liter this year and 21 million liter by 2018 from 17 million liter estimated last year, according to a study. The year-on-year growth rate has clocked five%, a just concluded study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) said. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Charosa Wineries Ltd. • Four Seasons Wines Ltd. • Grover Zampa Vineyards Ltd. • Indage Vintners Ltd. • Millennium Spirits Pvt. Ltd. • N D Wines Pvt. Ltd.
Plant capacity: Grape Wine (Each Bottle 750 ml Size): 444 Bottles/DayPlant & machinery: Rs 164 lakhs
Working capital: -T.C.I: Cost of Project: Rs 615 lakhs
Return: 29.00%Break even: 39.00%
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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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