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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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Copper Foil

Copper foil is a sheet of copper that is usually only a few micrometer in thickness. Copper foils are commonly used as a conductor in printed circuit boards (PCBs) and flexible connectors. Copper has high electric conductivity and is also ductile and malleable. This makes it one of the widely used metals in the emerging electric & electronics industry. This, in turn, is expected to drive the copper foils market in the next few years with a lot of demand estimated from Asia Pacific. Key players in the copper foils market are Targray Technology International Inc., K. L. Laminate’s d.o.o., JX Nippon, China-Kinwa High Technology Co., Ltd., Furukawa Electric Co., Ltd., Kingboard Copper Foil Holdings Limited, Chang Chun Petrochemical Co., Ltd., Hubei Creatwell Co., Ltd., Chinalco Shanghai Copper Co. Ltd., and Oak-Mitsui.
Plant capacity: -Plant & machinery: -
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Return: 1.00%Break even: N/A
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Lecithin from Sunflower Oil

Lecithin is a generic term to designate any group of yellow-brownish fatty substances occurring in animal and plant tissues, which are amphiphilic – they attract both water and fatty substances (and so are both hydrophilic and lipophilic), and are used for smoothing food textures, dissolving powders (emulsifying), homogenizing liquid mixtures, and repelling sticking materials. They also provide texture to many foods and increase their shelf life. Lecithin has the ability to bind water and fat sources, making it a great additive to many desserts, chocolates, salad dressings, meats, and cooking oils. The global lecithin market is expected to register a CAGR of 5.2% during the forecasted period. Lecithin is used in the food industry for smoothing food textures, dissolving powders, homogenizing liquid mixtures, and repelling sticking materials. The global lecithin market is segmented by source type into - egg, soy, sunflower, and others. Soy comprises the largest category with easy availability and consumers perceiving soy based foods as healthier. Sunflower based lecithin is also gaining popularity with plant and seed based lecithin being the fastest growing segment.
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Return: 1.00%Break even: N/A
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Thermocouple

Thermocouple is an electrical device consisting of two dissimilar electrical conductors forming electrical junctions at differing temperatures. A thermocouple produces a temperature-dependent voltage as a result of the thermoelectric effect, and this voltage can be interpreted to measure temperature. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. A Thermocouple is a sensor used to measure temperature. Thermocouples consist of two wire legs made from different metals. The wires legs are welded together at one end, creating a junction. This junction is where the temperature is measured. When the junction experiences a change in temperature, a voltage is created. The voltage can then be interpreted using thermocouple reference tables to calculate the temperature.
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Return: 1.00%Break even: N/A
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Turmeric Plantation

Turmeric, known as haldi in Hindi, is a popular and sacred spice from India. It is nicknamed as ‘Indian Solid Gold’ and ‘Indian Saffron’ owing to its golden yellow color. It has profound significance as a condiment, dyeing agent, flavoring agent and even as a medicine. It is an inseparable ingredient in Asian cuisine especially in Indian curry preparations. Owing to the increasing demand of pure, organic food products, turmeric is an important food coloring agent. Turmeric is the dried rhizome of Curcuma longa, an herbaceous plant. The rhizome has 1.8-5.4% curcumin, the pigment and 2.5-7.2% of essential oil. It is used as an important condiment and as a dye with varied applications in drug and cosmetic industries. In India, Andhra Pradesh is the leading state followed by Maharashtra, Tamil Nadu, Orissa, Kerala and Bihar. Turmeric production in India is about 78% of total production in the world. Turmeric can be grown as a monocrop or with other plantation crops as intercrop. Turmeric has been India’s golden spice for the past five centuries. It is one of those few Indian products having both commercials as well as mythological significance. Turmeric is used not only in the culinary item but also as cosmetics in almost every Indian household. Turmeric has been used in Asia for thousands of years and is a major part of Ayurveda, unman, and traditional Chinese medicine. Turmeric market is segmented on the basis of its application and form. In the context of healthcare segment, turmeric has application to combat health issues related to digestion, liver, cancer, cholesterol, osteoarthritis and many other health disorders. Another application of turmeric is in cosmetic industry where it is used as an herbal product in skin and body care products. Further, the market of food type can be segmented in terms of using the turmeric for different purposes such as taste enhancer, ingredients, and coloring purpose and in terms of beverage; it is used in tea, juices, and canned beverages. The global turmeric market is expected to reach a market valuation of a little more than US$ 5,650 Mn by the end of 2027, expanding at a CAGR of 5.5% over the forecast period. In terms of volume, the consumption of turmeric is estimated to be 1,049,490.5 MT by 2017 end, and is forecast to reach 1,696,519.8 MT by 2027 end, expanding at a CAGR of 4.9% during the forecast period.
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Polycarbonate (Dry Process)

Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily worked, molded, and thermoformed. Because of these properties, polycarbonates find many applications. In the plastics industry, polycarbonate sheet is one of the most versatile materials on the market. Used for everything from medical equipment to food processing, polycarbonate has a number of specific benefits that cause them to be a favorite among builders and product manufacturers. Polycarbonate is a transparent thermoplastic with stable dimensions which allow excellent kind of impact resistance. High-performance properties of this plastic polymer make it a leading plastic material for a number of applications. Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. Polycarbonate accounts for a substantial share of the global plastic materials market and its dominance is likely to increase during the forecast period. This can mainly be attributed to the high growth in demand from major end-use industries such as automotive, electronics, and consumer goods. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Asia-Pacific has the highest share in the market, accounting for approximately 59% of the global market share in 2017. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market. The Global Polycarbonate Market is expected to register a CAGR of 5.39% during the forecast period (2018-2023). In 2017, Asia-Pacific accounted for the largest market, by region with approximately 59% of the global market share. The electrical & electronics segment dominates the global polycarbonate market with an approximate 46% global market share in 2017, and it is also estimated to register the fastest CAGR through the forecast period. The wide scope of applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. Globally, polycarbonate material is used in a wide range of structural, aesthetic, and safety applications, especially in the automotive industry. This material lends itself to innovation in automotive parts and other internal components such as glazing, front-end body panels, and bumper fascia. Moreover, in the electrical and electronics industry, Flame retardant and better di-electric properties have led to the use of polycarbonate in a vast number of consumer electronics. This is expected to drive the growth of the market during the forecast period. However, volatile raw materials prices are anticipated to limit growth during the forecast period.
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Return: 1.00%Break even: N/A
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Phthalic Anhydride

Phthalic anhydride is the organic compound with the formula C6H4 (CO) 2O. It is the anhydride of phthalic acid. Phthalic anhydride is a principal commercial form of phthalic acid. It was the first anhydride of a dicarboxylic acid to be used commercially. This colourless solid is an important industrial chemical, especially for the large-scale production of plasticizers for plastics. In 2000, the worldwide production volume was estimated to be about 3 million tonnes per year. Phthalic anhydride (PA) is a white crystalline compound used to manufacture plasticizers, pigments, dyes and resins. One major consumer of PA is the phthalate plasticiser industry, the products of which are used to produce flexible plastic products such as wire & cable applications, hoses, pipes, coated fabrics, roofing membranes and swimming pool liners. The global phthalic anhydride market is expected to witness a CAGR of 4.27% owing to an increase in the utilization of plasticizers, which is used in the production of polyvinyl chloride in the Asia-Pacific region. The growing demand for glass fiber reinforced plastics in various industries is also likely to stimulate the phthalic anhydride market during the forecast period. Asia-Pacific is leading in the consumption of phthalic anhydride and is likely to continue its position due to increasing construction and automotive manufacturing activities in the region. The developing countries in this region will drive the demand for the market as the demand for buildings catering to education, healthcare, and social infrastructure is increasing. Some of the major players operating in the global phthalic anhydride market are BASF SE (Germany), Hongxin Chemical (China), NAN YA PLASTICS CORPORATION (Taiwan), ExxonMobil Corporation (U.S.), AEKYUNG PETROCHEMICAL Co., Ltd (Republic of Korea), I G Petrochemicals Limited (India), Polynt SPA (Italy), Koppers Inc. (U.S.), Mitsubishi Gas Chemicals Co. Inc. (Japan), and UPC Group (Taiwan).
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Return: 1.00%Break even: N/A
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D.O.P.(Di-Octylphthalate)

Bis (2-ethylhexyl) phthalate (di-2-ethylhexyl phthalate, diethylhexyl phthalate, DEHP; dioctyl phthalate, DOP) is an organic compound with the formula C6H4 (CO2C8H17)2. DEHP is the most common member of the class of phthalates, which are used as plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. This colorless viscous liquid is soluble in oil, but not in water. Dioctyl Phthalate (DOP) is the most common of the class of plasticizers. It is the diester of phthalic acid and the branched-chain 2-ethylhexanol. It’s a colorless, viscous liquid is soluble in oil, but not in water. The global dioctyl phthalate (DOP) Plasticizer market is anticipated to witness a higher CAGR in the forecast period. Dioctyl Phthalate (DOP) plasticizer market is driven by significant demand from end-use industries coupled with rising demand from consumer goods & film and sheet industry. In addition, rising demand from emerging economies for its cost-effectiveness is likely to fuel the market demand in these regions.
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Non Stick Cookwares

Non-stick is the surface which is coated with a synthetic polymer called Polytetrafluoroethylene (PTFE) or with ceramic, anodized aluminum, enameled iron which decreases the ability of other materials to stick to it. The term Teflon coating has become synonymous with Non-stick coating in the market. The growing emphasis on cookware aesthetics and functionality is one of the major trends being witnessed in the global cookware market 2019-2023. The growing customer demand for highly functional and ergonomic cookware products is attributable to the increasing awareness of cookware designs and aesthetics. The global non-stick cookware market witnesses moderate competition. However, in response to the rising demand worldwide, the competition prevailing in the market is likely to intensify further in the coming years. Besides innovating designs and directing efforts to offer more durable products, the market players are experimenting with diverse strategies to emerge at the market’s fore. The global nonstick cookware market is likely to reach US$23.03 bn by the end of 2025. Between 2017 and 2025, the market is forecast to exhibit a CAGR of 4.1%. Regionally, Europe held dominance in the global nonstick cookware market, trailed by Asia pacific. The market for non-stick cookware in India is a fast growing one. The demand is being fuelled by several aspects. Broadly these are increasing health consciousness, a fast-paced lifestyle and need for convenience. The increased purchasing power particularly that of double income households is enabling the adoption of non-stick cookware. Non-stick cookware has also become a symbol of an evolved kitchen. More and more people are opting to use this attractive addition to one’s kitchen. Currently the demand from domestic and export markets for pressure cookers and non-stick cookware growing at 20-25% year-on-year.
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Return: 1.00%Break even: N/A
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X-ray Films

X-ray film displays the radiographic image and consists of emulsion (single or double) of silver halide (silver bromide (AgBr) is most common) which when exposed to light, produces a silver ion (Ag+) and an electron. The electrons get attached to the sensitivity specks and attract the silver ion. X-ray films for general radiography consist of an emulsion-gelatin containing radiation sensitive silver halide crystals, such as silver bromide or silver chloride, and a flexible, transparent, blue-tinted base. The emulsion is different from those used in other types of photography films to account for the distinct characteristics of gamma rays and x-rays, but X-ray films are sensitive to light. The global X-ray film market is expected to register a CAGR of 5% over the forecast period of 2018–2023. In the medical industry, the usage of X-ray films in dental inspection, mammograms, and orthopedic inspection hold the major share in the market. The industrial sector has a long established usage of X-ray films and is widely used in NDT methods for volumetric examination radiography. The presence of X-ray machines in hospitals enables physicians in detection of somatic issues, as well as trauma. X-ray is very useful for detection and treatment of neurological problems, cancer, cardiac diseases and bone related problems. The existing pervasiveness of these issues will increase demand for the product over the forecast period.
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Return: 1.00%Break even: N/A
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Sodium Sulphide from Sulfur and Caustic Soda

Sodium sulfide is the chemical compound with the formula Na2S, or more commonly its hydrate Na2S•9H2O. Both are colorless water-soluble salts that give strongly alkaline solutions. When exposed to moist air, Na2S and its hydrates emit hydrogen sulfide, which smells like rotten eggs. Sodium sulfide is used in the pulp and paper industry, water treatment, textile industry, and various chemical manufacturing processes including the production of rubber chemicals, sulfur dyes and oil recovery. Along with its hydrate form, sodium sulfide releases hydrogen sulfide (H2S) when in contact with moist air. Sodium sulfide market size may exhibit growth of about 6.5% till 2024. The product finds extensive use as an assistant in sulfide dyeing, chemical fiber devulcanization, and as an ingredient for manufacturing organic chemicals. The product is also used in rubber, engineering plastics, pharmaceuticals, chemical cleansers, and food additive manufacturing which may accelerate Na2S market growth. Another factor that drives the sodium sulfide market is rising use of sodium sulfide in pulp and paper industry during Kraft process for cooking of pulp. Moreover, use of sodium sulfide for removal of hair from hides during leather processing is expected to offer growing opportunity for it in tanning industry. Sodium Sulfide are the source of sodium that are moderately soluble in acid and water. These sulfides are the esters of the sulfuric acid that are formed by replacement of hydrogen atoms by metal (sodium). Sodium sulfide finds widespread application in ore processing as it is used to produce ferrous (iron and steel) and non-ferrous (magnesium, copper, zinc, lead) metals particularly during the process of ore flotation. Sodium sulfide is especially important in copper mineral flotation. The manufacturing and construction industry in North America as well as Asia Pacific should fuel the demand for copper in the next decade or so. Some of the key players in the global sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd., and others
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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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