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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Super Speciality Hospital

This pre-feasibility report on Speciality/ Multi-speciality hospital consists of the feasibility detailing for three models of hospitals namely 30 beded Super speciality hospital.The Indian healthcare industry is divided into two segments - services and manufacturing. While the manufacturing segment consists of medical equipment manufacturing industry and pharma production, the services segment is basically split into direct services and indirect services. Hospitals, health insurance services and R&D services are considered as direct services, while third party insurance, claims settlement services and others, constitute the indirect services. The healthcare equipment sector attracted 8.8 per cent of the total investments in terms of deal value with an aggregate of US$ 249.01 million (20 deals), according to data released by VCCEdge. The hospital and diagnostics center in India received foreign direct investment (FDI) worth US$ 1,597.33 million, while drugs & pharmaceutical and medical & surgical appliances industry registered FDI worth US$ 10,318.17 million and US$ 622.99 million. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Adani Hospitals Mundra Pvt. Ltd. • Ahalia Healthcare Ltd. • Alchemist Hospitals Ltd. • Apollo Hospitals Enterprise Ltd. • B P Poddar Hospital & Medical Research Pvt. Ltd. • B S R Super Speciality Hospitals Ltd.
Plant capacity: Super Speciality Hospital: 30 beddedPlant & machinery: Rs. 113 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 978 lakhs
Return: 28.00%Break even: 61.00%
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Dehydrated Onion

Dehydration process appears to be a variation on the air-drying process and is based on the principle of vapor pressure differentials, using air circulated around the onions at relatively low temperatures to `sweat' the water from the food.Onion dehydration involves the use of a continuous operation, belt conveyor using fairly low temperature hot air from 38 - 104°C. The main advantages of dehydrated onions are that they are easy to store, being lighter in weight and smaller in bulk than fresh or other processed onions. Dehydrated onion products demand has sharply increased in India after prices of onion gained in domestic markets. According to dehydrated onion players, demand has almost doubled in past three months mainly for onion powder. The industry expects about 20,000 tonne consumption. India produces about 70,000-75,000 tonne of dehydrated onion every year. Out of it, nearly 15% is consumed within the country while the rest 85% is exported to Russia, Europe, Middle East and Africa, among others.The global market for dehydrated onions registered the revenue worth US$ 950 Mn in 2017, which is likely to reach in excess of US$ 1,500 Mn by the end of 2028.Future Market Insights expects the dehydrated onions market to observe stable growth at a promising CAGR of 4.8% over the 10-year assessment period, 2018-2028.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Darshan Foods Pvt. Ltd. • Garlico Industries Ltd. • Kasaar Innovative Foods Ltd. • L M P Gujarat Agro Exports Ltd. • Meghmani Organics Ltd. • Orient Vegetexpo Ltd.
Plant capacity: Dehydrated Onion Sliced/Chopped: 300 MT/Annum Cattle Feed as by product: 210 MT/AnnumPlant & machinery: Rs. 69 lakhs
Working capital: -T.C.I: Cost of Project: Rs199 lakhs
Return: 27.00%Break even: 57.00%
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Thinners and Solvent Thinners(Blending and Bottling)

A thinner is a solvent used to thin oil-based paints or clean up after their use. Commercially, solvents labeled "Paint Thinner" are usually mineral spirit shaving a flash point at about 40°C (104°F).Solvent is a chemical, which liquefies in a chemically diverse solute to make a solution. Solvent can be in liquid form but is also available in gaseous and solid form. Used in Printing inks, paints, and coatings, pharmaceuticals, adhesives & cosmetics etc. Moderate growth is estimated for India solvents market during the forecast period 2016 to 2024, according to a report by Persistence Market Research (PMR). In terms of volume, sales of solvents in India reached 2,019,743.5 tons in 2016; by 2024 this number is expected to reach nearly 3,000,000 tons, expanding at 4.7% CAGR.India solvents market are projected to register highest CAGR through 2024.Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Asian Paints P P G Pvt. Ltd. • Faaber Paints Pvt. Ltd. • Mysore Paints & Varnish Ltd. • Noroo Bee Chemical India Pvt. Ltd.
Plant capacity: Thinner (1 Ltrs Size): 4000 Bottles/Day Solvent Thinner (1 Ltrs Size): 4000 Bottles/DayPlant & machinery: Plant & Machinery: Rs198 lakhs
Working capital: -T.C.I: Cost of Project: Rs395 lakhs
Return: 25.00%Break even: 56.00%
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M S Billets

Billets A semi-finished product obtained by forging, rolling or continuously casting, usually square (not exceeding 125 mm×125 mm in cross-section) with rounded corners or round (not exceeding 125 mm in diameter) and are intended for further processing into suitable finished product by forging or rerolling. Mild steel billets are used for mechanical engineering works such as manufacturing machines and their parts. Steel billets are used for production of plate, sheets, strips, rod etc. India is the ninth largest producer of crude steel in the world production of 33 million MT and investment of over Rs1,000 billion.Global steel demand will reach 1,616.1 MT in 2018, an increase of 1.8% over 2017 figures. In 2019, it is forecast that global steel demand will grow by 0.7% to reach 1,626.7 Mt.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • GallanttIspat Ltd. • Ganga Iron & Steel Trading Co. Ltd. • Hi-Tech Power & Steel Ltd. • Jai BalajiInds. Ltd. • Kamachi Industries Ltd. • Rohit Iron & Steel (India) Pvt. Ltd.
Plant capacity: M.S. Billets (Size 80x80 mm to 140x140 mm): 180 MT/DayPlant & machinery: Rs. 1565lakhs
Working capital: -T.C.I: Cost of Project: Rs. 3343 lakhs
Return: 28.00%Break even: 63.00%
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Solar Power Plant

Solar power is one of the most promising renewables. It is reliable and less vulnerable to changes in seasonal weather patterns. Hydrogen, in the capacity of energy vector, is expected to be the optimum solution for intermittency and storage of energy produced by renewables.The basic work of Solar Power plant is to generate electricity from Solar Panels. Solar Panels generate DC (Direct Current) electricity from sunlight, Solar Inverter convert this power to AC (Alternative Current) and run your electrical home appliances and machines. The total installed capacity of solar power plants in India stands at 13.11 GW as of June 2017.The Indian government significantly expanded its solar plans, targeting US$100 billion of investment and 100 GW of solar capacity by 2022.The installed grid connected solar power capacity is 4,060.65 MW, and India expects to install an additional 10,000 MW by 2017 and a total of 100,000 MW by 2022.Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Bhagyanagar India Ltd. • C P E C Ltd. • Central Electronics Ltd. • Environ Energy-Tech Services Ltd. • Epic Energy Ltd. • Gujarat Mineral Devp. Corpn. Ltd.
Plant capacity: Solar Power: 1 MWPlant & machinery: Rs. 411 lakhs
Working capital: -T.C.I: Cost of Project: Rs.811 lakhs
Return: 1.00%Break even: 1.00%
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Solar Panel

A solar panel is a collection of solar cells.Solar panel refers either to a photovoltaic module, a solar thermal energy panel, or to a set of solar photovoltaic (PV) modules electrically connected and mounted on a supporting structure. A PV module is a packaged, connected assembly of solar cells. Solar panels can be used as a component of a larger photovoltaic system to generate and supply electricity in commercial and residential applications.A single solar module can produce only a limited amount of power most installations contain multiple modules. A photovoltaic system typically includes a panel or an array of solar modules, an inverter, and sometimes a battery and/or solar tracker and interconnection wiring. India is poised for a big take off in the installation of solar energy. The JNNSM target of 20 GW of installation by 2022 and also proactive policies from states like Gujarat are the key drivers for the growth of the solar sector in India.As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • Alectrona Energy Pvt. Ltd. • Bright Solar Ltd. • Emmvee Photovoltaic Power Pvt. Ltd. • Gautam Solar Pvt. Ltd. • H H V Solar Technologies Ltd. • Helios Photo Voltaic Ltd.
Plant capacity: Solar Panel: 25 MWPlant & machinery: Rs. 161 lakhs
Working capital: -T.C.I: Rs.804 lakhs
Return: 54.00%Break even: 28.00%
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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.Cold Storage is a special kind of room, the temperature of, which is kept very low with the help of machines and precision instruments. Chilling involves reducing food temperatures to below ambient temperatures, but above –1°C. 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. 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. Entrepreneurs who invest in this project will be successful.
Plant capacity: Cold Storage (Fruits, Vegetables, Pulses & Spices Store): 5000 MT Plant & machinery: Rs. 120 lakhs
Working capital: -T.C.I: Cost of Project: Rs665 lakhs
Return: 18.00%Break even: 54.00%
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Red Oxide Primer From Mill Scale

Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall primers in that it prepares metal for a topcoat, but it also gives iron and steel surfaces a layer of protection. A primer is composed of Red Oxide, solvents, resins, and various additives. The pigments give the primer color; solvents make it easier to apply; resins help it dry; and additives serve as everything from fillers to anti fungicidal agents. The Indian paint market will grow with a CAGR of around 14% during 2015-16 to 2019-20.The Indian paint industry has been growing at an average 15% per annum over the last decade. Growth has been consistent with the Indian GDP growth rate and in some years the industry has grown at a rate of 1.5 to 2 times higher than that of GDP growth. Construction remains the key growth sector and is driving demand for decorative and protective coatings.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Ashok Neel Mfrs. Pvt. Ltd. • Bajaj Superpack India Ltd. • Eskay Dye-Stuffs & Organic Chemicals Pvt. Ltd. • Futura Polyesters Ltd. • NirupSynchrome Ltd. • Omkar Industries Ltd.
Plant capacity: Red Oxide Primer (Each Packed in 20 Ltrs Container) : 1000 Packs/Day Red Oxide Primer (Each Packed in 5 Ltrs Container) : 4000 Packs/DayPlant & machinery: Rs. 292 lakhs
Working capital: -T.C.I: Cost of Project: Rs. 1016 lakhs
Return: 28.00%Break even: 56.00%
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Jute Shopping Bags

Jute fabrics are strong, durable, light, color fast, attractive and cheaper than most fabrics made from other fibers.There is very simple sewing machine and cutting machine required for making jute bags. There is very good demand of jute bags. Demand of jute bag is meet up by our own growth. Jute bags has very good export potentiality. Raw materials required for making jute bags are cotton threads and jute fiber cloth. It can be packed in the plain box and transport it. The global jute bag market reached a value of US$ 1.4 Billion in 2016, exhibiting a CAGR of around 11% during 2009-2016. The market is projected to reach a value of US$ 2.6 Billion by 2022.Indian jute carry and shopping bags exporters are shipping over millions of bags every year & trends show that the numbers are likely to keep rising rapidly. Sara International, one of the top jute bags manufacturers, which is taking advantage of this trend.As a whole any entrepreneur can venture in this project without risk and earn profit. Few Indian major players are as under • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute &Inds. Ltd. • Empire Jute Co. Ltd.
Plant capacity: Jute Shopping Bags: 2400Nos/DayPlant & machinery: Rs. 4 lakhs
Working capital: -T.C.I: Cost of Project : Rs. 22 lakhs
Return: 32.00%Break even: 82.00%
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PVC Conduit Pipes

PVC material is difficult to ignite and self-extinguishing (when flame removed) property/characteristic make it important thermoplastic.PVC Conduit pipes are produced by extrusion process followed by calibration to ensure maintenance of accurate internal dia with smooth internal boxes. These pipes generally come in lengths of 6 meters. A wide range of injection molded fittings, including tees, elbows, reducers, caps, pipes saddles, inserts and threaded adaptors for pipe sizes 15-150 mm are available. The India PVC pipes and fittings market will grow at a double digit CAGR over the period FY’2014-FY’2019 and is projected to reach INR 391 billion by FY’ 2019.Global PVC Pipe Market size was valued at $54,246 million in 2015 and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene &polypropylene.Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Agarpara Jute Mills Ltd. • Ambica Jute Mills Ltd. • Bally Jute Co. Ltd. • Calcutta Jute Mfg. Co. Ltd. • Caledonian Jute &Inds. Ltd. • Empire Jute Co. Ltd.
Plant capacity: PVC Conduit Pipes: 10MT/DayPlant & machinery: Rs. 103 lakhs
Working capital: -T.C.I: Cost of Project: Rs1300 lakhs
Return: 26.00%Break even: 35.00%
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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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