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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.
We can also prepare project report on any subject as per your requirement.

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Plaster of Paris Bandages

Plaster bandages are used in the medical sector, for manufacturing sterile plaster bandages, limb supports, medical prosthesis and hearing aids. In this domain, our plasters are chosen for their excellent quality and grade, and capacity to accurately reproduce limbs, both in shape and dimension. Bandages are manufactured through a process involves soaking a woven fibre material in a plaster solution, which is subsequently dried. Plaster bandages are fast and practical to use; soaked in water, the moistened bandage is applied to the limb, hardening rapidly, to form a resistant casting, which does not lose shape.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Aerosol Spray (Bagon Type) For Mosquito, Insects

Insecticides in aerosol form have become, since 1940, an important means of controlling insects. They were immediately adopted by the military forces to combat disease-carrying insects, such as the malaria and yellow-fever mosquitoes. Because of accelerated research and widespread use during the war period, the aerosol today is a household word and item. Aerosols are efficient when properly used because of the minimum of wastage. Particles of an aerosol come in contact with an insect by settling on it through gravitational fall or by striking it through motion of the particles or the insect. When aerosols are used in confined spaces, such as a room, the contact is partly by the first method, and the time necessary for enough particles to accumulate on a resting insect to cause its death is related to the rate at which the particles settle. The global household insecticides market is expected to increase at a CAGR of 7.9% over the forecast period to reach US$ 17,248.9 Mn by 2021. Household insecticides are manufactured in different forms and used for controlling various types of insects. Household insecticides formats used for controlling mosquitos and flies are aerosol/spray, electric, coils, others.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Azo Dye Stuffs

Azo dyes are organic compounds bearing the functional group R?N=N?R?, in which R and R? are usually aryl. They are a commercially important family of azo compounds, i.e. compounds containing the linkage C-N=N-C. Azo dyes are widely used to treat textiles, leather articles, and some foods. Chemically related to azo dyes are azo pigments, which are insoluble in water and other solvents. In 2017, the global Azo Dyes Market size was XX million US$ and it is expected to reach XX million US$ by the end of 2025, with a CAGR of XX.X % between 2018 and 2025. The Azo Dyes Market is highly competitive due to the presence of well-established key vendors. The availability R&D facilities and investments by the market leaders ensure that product innovation is always given top priority. The vendors compete based on price, quality, branding, and customer service. Since there is little differentiation between the products offered in Azo Dyes Market, vendors are focusing on launching new technologies.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Ultramarine Blue

Ultramarine is a deep blue color and a pigment which was originally made by grinding lapis lazuli into a powder. The name comes from the Latin ultramarinus, literally "beyond the sea", because the pigment was imported into Europe from mines in Afghanistan by Italian traders during the 14th and 15th centuries. Ultramarine was the finest and most expensive blue used by Renaissance painters. It was often used for the robes of the Virgin Mary, and symbolized holiness and humility. Ultramarine Blue pigment for Masterbatch is non-wrapping and non-shrinking in nature. These pigments prove perfect for materbatch applications owing to their exceptional heat and light stability. This pigment is extensively utilized in applications that need improved appearance as regards brightness, surface smoothness, and transparency. This color masterbatch also offers better mechanical properties favored for manufacturing of thin pressure pipes, films, fibres, bottles, etc. The global Ultramarine Blue market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Bakelite Electrical Accessories (Ws-5)

Bakelite is used as an adhesive compound, molding compound, and as a protective coating in major industrial applications. High resistance property of bakelite has enabled its usage in production of electrical components such as sockets, electron tubes and insulators. Increasing production of these products particularly in China and Korea is expected to drive bakelite demand in the aforementioned applications. High production of electrical components such as insulators, electron tubes, and sockets in emerging nations has promised a sturdy advancement for the international bakelite market. A countable number of industrial applications involve the employment of bakelite because of its protective coating feature and role of molding and adhesive compound. Besides this, its high resistance property has attracted more number of application. Global bakelite market is anticipated to witness considerable growth over the next six years on account of increasing usage in major industrial applications electronics, power generation and aerospace. Bakelite is widely used in semi-conductors, wire insulations, brake pads, and other automotive components manufacturing owing to its heat resistant and electrical non-conductivity property. Bakelite contains fine insulation property, which led to its usage in electrical and electronics applications.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Hand Tools (EOU)

A hand tool is any tool that is powered by hand rather than a motor. Categories of hand tools include wrenches, pliers, cutters, striking tools, struck or hammered tools, screwdrivers, vises, clamps, snips, saws, drills and knives. Outdoor tools such as garden forks, pruning shears, and rakes are additional forms of hand tools. Portable power tools are not hand tools. Hand tool, any of the implements used by craftsmen in manual operations, such as chopping, chiseling, sawing, filing, or forging. Complementary tools, often needed as auxiliaries to shaping tools, include such implements as the hammer for nailing and the vise for holding. A craftsman may also use instruments that facilitate accurate measurements: the rule, divider, square, and others Global Hand Tools market is expected to grow from $9.80 billion in 2016 to reach $13.12 billion by 2023 with a CAGR of 4.2%. The growth of the market is propelled by the growing demand for automotive repair and maintenance, rise in demand for automotive tools and mechanic tools, high growth rate in furniture market and increasing diffusion of internet and online shopping.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Resin Cored Soldering Wire

Resin cored solder wire is suitable for safe use on electrical and electronic work such as computers, video recorders, televisions, telephone and telecommunications equipment and other consumer goods without the need to remove the flux residue. The RESIN residue remaining after soldering is non-corrosive and non-conductive and as such means that there cannot be any damage to delicate electrical wires and no new electrical paths can form to cause short-outs or electrical malfunction of the equipment. Growing electronics industry, due to growing urbanization and advancements in technology, is increasing the demand for soldering materials, thus fueling growth of the soldering wires market. Furthermore, increasing demand for transportation due to growing populace is boosting growth of the automotive industry, which in turn is responsible for augmenting growth of the solder wires market.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Grinding Media Ball

A ball mill is a type of grinder used to grind and blend materials for use in mineral dressing processes, paints, pyrotechnics, ceramics and selective laser sintering. The grinding media is the balls, which may be made of steel (chrome steel), stainless steel, ceramic, or rubber. Grinding media, the objects used to refine material and reduce particle size, are available in a wide range of shapes, sizes and materials to meet an equally wide range of grinding and milling needs. Demand for ball mills in cement industry would see a perpetuated growth throughout the forecast period. Technological improvements have resulted in ball mills being used extensively in the cement industry to grind materials into the required size. If the equipment is not operating at optimum efficiency, it results in increased downtime and reduced throughput.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Open Top Sanitary Cans for Food, Pesticides, Paint

A rigid metal container which can be hermetically sealed for packing of thermally and non-thermally processed foods and drinks like fruit and vegetable products, synthetic beverages, meat and fish products, dairy products, instant coffee, instant tea, pesticides & Paint etc. The Global Canned Food Packaging Market was worth USD xx million in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx million by 2021. Packaging plays an important role in fulfilling the needs of the customers. The Global Canned Food Packaging Market is segmented on the basis of Type of can, Material, Application and Distribution channel. Depending on types of can, the market is segmented into 3-piece welded food cans, 2-piece food cans and open top sanitary can.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Shoe Uppers

The term upper refers to the part or parts of a shoe that cover the toes, the top of the foot, the sides of the foot, and the back of the heel. It is attached to the outsole of a shoe by the welt. It is one of the two general parts of the shoe, the upper and the sole. Depending on the style of the shoe, the upper of a shoe can be cut or molded as a single piece or it can be comprised of many pieces stitched together. Parts of a shoe's upper can include the vamp, the back, the tongue, the quarter, and the lining. Uppers can be made from a variety of materials, with the most popular being leather, satin, suede, and canvas. Athletic shoe uppers are often made of a breathable mesh fabric. Uppers for sandals and flip-flops may be simple straps. Footwear industry in India is very optimistic right now with growing awareness about the latest trends and consciousness among consumers. India is the second largest footwear producer in the world, with footwear production accounting for approximately 9 per cent of the global annual production – 22 billion pairs as compared to China, which produces over 60 per cent of the global production. The footwear market in India, like its international counterpart, has always been broadly classified into three segments, Men’s, Women’s and Kids. Men’s market is growing at a CAGR of 10 per cent. At present, men’s market contributes around 60 per cent of sales in the footwear segment as against women’s share of 30 per cent. The women’s segment, however, is growing at a much faster CAGR of 20 per cent.
Plant capacity: -Plant & machinery: -
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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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