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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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Coated Paper & Board (Art & Chromo)

Coated Paper Coated paper is paper which has been coated by a mixture of materials or a polymer to impart certain qualities to the paper, including weight, surface gloss, smoothness or reduced ink absorbency. Various materials, including Kaolinite, calcium carbonate, Bentonite, and talc can be used to coat paper for high quality printing used in packaging industry and in magazines. The Coated Paper Market is projected to reach USD 7.18 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. In this study, 2015 has been considered as the base year, and the forecast period is from 2016 to 2021 to estimate the coated paper market. The growing demand for coated paper in Asia-Pacific, Europe, and North America coupled with its increasing demand for packaging and printing applications is expected to drive the coated paper market. Global coated paper market is expected to witness considerable growth owing to rapidly increasing demand from advertising and packaging industries. Coated paper offers gloss and matte texture finishes leading to rising applications in advertising materials, security papers, newspaper inserts, converted paper products, catalogue and magazines among others. Coated Board Coated Board is a coated, thick paper-based material. Coated Board is a paper with a basis weight (grammage) above 224 g/m2, but that is not absolute. Coated Board can be single (SBS) or multi-ply. Coated Board can be cut and formed, is lightweight, and as it is strong, is used in Packaging. Another end-use would be graphic printing, such as book and magazine covers or postcards.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Vermiculture Production with Training Centre

Vermiculture (from Latin word vermis, meaning worm) is the intentional rearing of earthworms to produce more earthworms. It involves the mass production of certain species of this annelid worm by providing them appropriate food and optimum conditions for their growth and reproduction. Vermiculture and vermicomposting are therefore inseparable. Vermiculture requires the use of organic materials as feed of the earthworms. To accelerate the production of earthworms, it is necessary to understand not only the breeding and growth requirements of the organism but also the process of producing compost. Conversely, the process of vermicomposting requires also an understanding of earthworms, particularly those which are efficient decomposers. In either system, both earthworms and vermicomposts are produced. Applications of Vermiculture – Earthworms can be sold to the following markets: Bait and tackle shops Large-scale vermicomposting facilities Worm growers just entering the business Institutions and businesses that do on-site vermicomposting of their food scraps and other organic materials (includes prisons, hospitals, schools, colleges and universities, restaurants, grocery stores, office buildings, etc.) Farmers desiring to vermicompost animal manure (including livestock and poultry farms, rabbitries and horse stables) Composters, organic gardeners or fisherpeople wanting to raise worms for their own use Growers with orders too large to fill from their own stocks Private laboratories, universities, and high schools for research and classroom needs Businesses that need worms as food for animals: Fish hatcheries Tropical fish stores Pet stores Zoos (w/ exotic fish and birds) Gamebird breeders Frog farmers Poultry growers Industries with organic wastes suitable as feedstock for worms: Composting facilities Papermills Breweries Cardboard manufacturers Land reclamation sites Generators of sludge/biosolids Food processors Canneries Wineries Cotton mills
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Home Furnishing (Export Quality)

The term “Home Furnishings” is a broad label that can include a number of things. As the name suggests, it includes anything that is used to furnish a home. This category includes furniture items, and some people try to use these words interchangeably. While there are many items that fall into both categories, home furnishings are the broader of the two categories. For example, a sectional sofa easily can be classified as a piece of furniture and as a home furnishing. Household furnishings are personal property and include, among others, such items as furniture, appliances, rugs, cooking utensils, and art objects. Typically not included within the definition of household furnishings are items classified as improvements, such as wall-to-wall carpeting, built-in ovens, ranges, and dishwashers. The India home furnishing market derives its demand from textile industry. With the increasing textile industry the market for home improvement has a rich history behind it. Home Decor Market is expected to garner $664.0 billion by 2020, registering a CAGR of 4.2% during the forecast period 2015-2020. Furnishings, textiles and floor covering products are key components of home decor. Expansion and developments in real estate industry, have supplemented the growth of world home decor market. Globalization facilitates easier and wider availability of home decor products and designs for consumers. Moreover, growing consumer preference towards adoption and usage of eco-friendly products, known for their minimal impact on the environment, has also boosted the growth of the market. With the increasing textile industry in the country, the furnishing market will continue to flourish. The home furnishing market is anticipated to witness demand from retail industry. By 2018, home furnishing market in India is expected to grow at CAGR of 8%by value to reach USD5.29 Billion. During the same period, curtains &, upholstery and rugs & carpets will grow at CAGR of 8% and 9.4 %. Home furnishings segment, on the other hand, contributes the lowest share of 26 per cent. The segment is further broken into sub-segments of bed linen, towels and robes, kitchen linen, curtains, upholstery, blankets, rugs and carpets. Among these sub-segments bed linen has the largest share close to half of total market. But the faster growing sub-segments are curtains, upholstery, blankets, rugs and carpets.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Glycerin Bath Soap (Pears Type)

Soaps vary a great deal in terms of their ingredients. For example, while some soaps make your skin dry, other soaps are very moisturizing. Glycerin soaps are considered to be one of the most moisturizing types of soap. The unique quality of this type of soap allows it to be both moisturizing and effective for all different kinds of skin. The benefits of glycerin soap help skin become healthy and moisturized. Glycerin is thought to be humectants, which means that it can attract moisture. Due to this quality, glycerin soaps attract moisture to skin and keep it locked in. This provides skin constant hydration. Unlike some soaps that dry skin out and make it feel tight and even flaky, glycerin soap keeps your skin feeling more hydrated for several hours after you use it. The market for soaps in India will grow at a CAGR of 5.5% during the period of FY 2016 to FY 2022. Soap is a product that has the highest market penetration in India, covering more than 80% of the country’s urban as well as rural households. During FY 2016, beauty soap segment had the largest share with 50%, followed by health soap segment with 28.6%. UAE, Nepal and USA are the top three countries that imported Indian soaps.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Auto Control Cables

Automotive control cables are the most imperative parts of the automotive industry. These cables are used for control of mechanical movements in variety of machines/ systems including aero-space and vehicles. But maximum quantity is consumed by two wheeler segment in automobile sector. The different types of automotive control cables are used in the wires of the brakes, clutch, accelerator, audio system, engine and so on. Stainless steel wires are twisted in the twisting machine and cut and made into the required length. One end of the automotive control cable is butted and dipped in molten zinc to avoid opening up of the ends and at the other end of the cable is fitted with a zinc stopper of required size or design and is fixed by a process known as die- casting. Automotive control cables enable the driver to control the various vehicle functions from his seat. Global automotive market has grown rapidly in last few decades that have led to the rise in demand of replaceable spares and essential parts. Automotive control cables are one of the essential parts of the vehicle without which the operations of vehicle is difficult. These cables enable driver to control the various vehicle functions and have wide global market. As control cable is a vital part of the vehicle, improvements in physical and chemical properties are continuously going on to improve performance, reliability and durability. Automotive control cables are made by twisting a number of stainless steel wires, of standard wire gauge with different diameter. The number of stainless steel wires, product type of cable and its size used in automotive control cables differs according to the vehicle type and its application. Control cable market size is forecast to experience substantial growth prospects from 2016 to 2023. Surging significance in numerous industry sectors such as automation and process control systems is likely to propel demand. U.S. control cable market share is anticipated to record considerable growth rates over the forecast period. Global control cable market is estimated to reach US$19.502 billion by 2023, increasing from US$13.120 billion in 2018, growing at a CAGR of 8.25% over the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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PVC Extrusion Profile (Wiring Channel)

Profile extrusion is extrusion of a shaped product that can be a variety of configurations but does not include sheet or film products. Profile extrusion can include solid forms as well as hollow forms. Products ranging from tubing to window frames to vehicle door seals are manufactured this way and considered profile extrusion. Extrusions have several advantages over other forms of plastics manufacturing. An example is the ability to create plastic forms of infinite length, in very large (or small) production volumes. Many different plastic products can be made in this manner out of a full spectrum of plastic materials, including PVC, Acrylic, ABS, and Polystyrene, just to name a few. The extruded plastics market is projected to grow from USD 184.34 billion in 2016 to USD 291.74 billion by 2026, at a CAGR of 4.7% from 2016 to 2026. Key factors that are expected to drive the growth of the market include low feedstock and energy prices that tend to reduce the overall cost of extrudates. Adoption of extruded plastics in medical and agricultural industries is also expected to fuel the growth of this market. Extruded plastics are widely used in electrical & electronics in appliances, electrical components and accessories, and consumer electronic goods, among others. Major application of extruded plastics in this industry is in insulation and packaging of products such as wires & cables, switches, casing of electrical & electronic goods, and protective packaging of goods, among others. Plastic extrusion is used for the manufacturing of plastic products, such as weather-striping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulations and thermoplastic coatings. The prominent advantage of the plastic extrusion process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or imperfections as the plastic encounters only shear and compressive stresses.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Drinking Glasses - Juice & Water Glasses (Glassware)

Glassware In 2017, highest demand for glassware was seen in Asia Pacific. Riding on the back of the factors such as rapid development of easy to carry and efficient glassware along with rising trend of food and beverages, the Asia Pacific is expected to dominate the global glassware market by the end of 2025. The global glassware market is divided by distribution channels into online and offline distribution channels. The dominant growth in the offline glassware segment is attributed to the development of physical channels across various developing regions of Asia and Latin America. Moreover, the offline glassware segment is estimated to dominate the distribution channel segment by crossing USD 10,000 Million by the end of 2025. The global glassware market is thriving on the back of the boom in the tourism industry in developing and under developed regions. The development of infrastructure in China, India, South Africa, Brazil and Mexico attracts a major proportion of tourist chunk in their country. The availability of several tourist spots in these countries aligned with the infrastructural development, better connectivity and developing hospitality industry are driving the growth of the glassware market.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Baby & Adult Diaper and Sanitary Pads

Modern disposable baby diapers and incontinence products have a layered construction, which allows the transfer and distribution of urine to an absorbent core structure where it is locked in. Adult diapers are thin, narrow in the center and wider at the ends and are therefore less evident under regular clothing. Their simple design gives them a fair amount of custom fit and is made out of multi-layered absorbent material. The Sanitary napkin industry is closely connected with the mode of life, which is in turn directly correlated to housing. Accordingly this industry has always grown by keeping space with improvement in living and it is new indispensable for sanitary in modern housing. 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.The adult diapers market in India started at a low development level, it has grown rapidly. The Indian sanitary napkin market reached a value of nearly US$ 414 Million in 2016, the market is expected to reach a value of around US$ 596 Million by 2022, growing at a CAGR of more than 6% during 2017-2022.As a whole any entrepreneur can venture in this project without risk and earn profit. 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: Baby Diapers (4 Pcs.): 84000 Pkts./day Adult Diapers (4 Pcs.): 18000 Pkts./day Sanitary Pads (8 Pcs.): 48000 Pkts./dayPlant & machinery: Rs. 2167 lakhs
Working capital: -T.C.I: Cost of Project: Rs 4597 lakhs
Return: 32.00%Break even: 42.00%
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Disposable Plastic Syringes

Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. Disposable syringes are made of plastic material and are used in the field of medical and veterinary science. The manufacture of plastic syringes has been developed to such a degree that the products now satisfy the requirements and standards set by Hospital and physicians. Disposable syringes are the dominating market with a CAGR of around 6% over the forecast period i.e. 2016-2024 because disposable syringes are used only once ensuring the safety of patients. On the basis of material, glass syringe is dominating the segment and is expected to reach a value of USD 15 million by 2024 because they can be sterilized and reused. The syringes market is expected to reach USD 15.99 Billion by 2021 from USD 10.56 Billion in 2016, at a CAGR of 8.7% during the forecast period. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Albert David Ltd. • Disposable Medi-Aids Ltd. • Hindustan Syringes & Medical Devices Ltd. • Lifeline Injects Ltd. • Lifelong Meditech Ltd. • Oyster Medisafe Pvt. Ltd. • Peekay Mediequip Ltd.
Plant capacity: Disposable Plastic Syringes 2 ml Size: 60 Boxes/Day Disposable Plastic Syringes 5 ml Size: 60 Boxes/Day Disposable Plastic Syringes 10 ml Size: 40 Boxes/DayPlant & machinery: Rs. 137 lakhs
Working capital: -T.C.I: Cost of Project: Rs 307 lakhs
Return: 13.00%Break even: 61.00%
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Moringa Oleifera (Drumstick) Powder

Moringa or drum sticks is among the well-known vegetables being used in our food during its availability. It is commonly known as “Sejana”. Drumstick is a tropical vegetable, which is very popular in South India and other parts of country. The powder prepared from drumstick can be used as a flavoring agent for various non-vegetarian dishes to enhance the flavour of chicken or meat and can also be used for drumstick soup preparation by adding spice powder and other ingredients. India is the largest producer of moringa, with an annual production of 1.1 to 1.3 million tonnes of fruits from an area of 380 km².Today, the moringa market globally is estimated at more than Rs 27,000 crore, which is expected to cross Rs 47, 250 crore by 2020, growing at a rate of nine per cent per year. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • A V P Marketing & Exports Ltd. • Arjuna Natural Extracts Ltd. • Ayurvedic Pharmaceutical Co. Ltd. • Ayurvedshri Herbals Ltd. • Chaitanya Pharmaceuticals Pvt. Ltd. • FlavexAromats (India) Pvt. Ltd. • Ganga Pharmaceuticals Ltd.
Plant capacity: Drumstick (Moringa Oleifere) Powder: 2000 Kgs./day Plant & machinery: Rs 38 lakhs
Working capital: -T.C.I: Cost of Project: Rs 92 lakhs
Return: 31.00%Break even: 72.00%
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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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