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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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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.

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We can modify the project capacity and project cost as per your requirement.
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Sodium Bicarbonate from Soda Ash

Sodium bicarbonate commonly known as baking soda, is a chemical compound with the formula NaHCO3. It is a salt composed of a sodium cation (Na+) and a bicarbonate anion (HCO3?). Sodium bicarbonate is a white solid that is crystalline, but often appears as a fine powder. It has a slightly salty, alkaline taste resembling that of washing soda (sodium carbonate). The natural mineral form is nahcolite. It is a component of the mineral natron and is found dissolved in many mineral springs. Sodium bicarbonate reduces stomach acid. It is used as an antacid to treat heartburn, indigestion, and upset stomach. Sodium bicarbonate is a very quick-acting antacid. It should be used only for temporary relief. 5% Sodium Bicarbonate Injection, USP (sodium bicarbonate (sodium bicarbonate 5% injection) 5% injection) is a sterile, nonpyrogenic solution of Sodium Bicarbonate (sodium bicarbonate 5% injection), USP in Water for Injection, USP. It contains no antimicrobial agent. Sodium bicarbonate is commonly used as baking soda in food and beverage and animal feed. High consumption of grains, dairy, sugar, meat and fish products increases the body acid level which results into several health problems. Consumption of baking soda which is commonly used term for sodium bicarbonate in food & beverage industry, neutralizes the acidic level of body and reduces the risk of several diseases such as arthritis, digestive disorder, heartburn and stomach upset. The global sodium bicarbonate market is estimated to reach US$ 2,443.1 Mn by the end of the forecast period and is expected to expand at a CAGR of 3.7% for the period 2018–2028. The factors responsible for this positive growth of sodium bicarbonate market are increasing demand from industrial and pharmaceutical sectors, growing disposable income and favorable socioeconomic trends. The global sodium bicarbonate market along with a revenue forecast till 2023. It includes a thorough discussion on key market elements such as historical growth, potential future trends, and threats. In this study, the scope of the discussion spans across different sodium bicarbonate grades, including feed, pharmaceutical, food, and technical. The study also includes market sizing based on major end-users of sodium bicarbonate, which includes feed, flue gas treatment, detergents & cleaning agents, food & beverages, and personal care & pharmaceuticals, agriculture, hemodialysis, chemicals, textile and others.
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Return: 1.00%Break even: N/A
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Paper & Paper Products

Paper is a thin material produced by pressing together moist fibres of cellulose pulp derived from wood, rags or grasses, and drying them into flexible sheets. It is a versatile material with many uses, including writing, printing, packaging, cleaning, decorating, and a number of industrial and construction processes. Papers are essential in legal or non-legal documentation. Paper is an important material, used daily for many purposes worldwide. The global production of paper and cardboard stood at approximately 411 million metric tons in 2016. More than half of that production was attributable to packaging paper, while almost one third was attributable to graphic paper. The paper industry has witnessed a decrease in the demand, wherein the P&W paper will decline at a CAGR of 2.2-2.9 percent until 2020, and the newsprint will decline at a CAGR of 4-5 percent. The rapid development of the internet and e-commerce business models are the major reasons behind the drop in the demand for paper. Paper industry in India is mainly plantation based and is essential that more land must be brought under plantations of eucalyptus and other trees apposite for the making of papers. The paper industry also requires huge amount of soft water and paper utilized for newspapers is called newsprint. Its requirement is bound to grow noticeably. India produces many varieties of papers, namely, printing and writing paper, packaging paper, coated paper and some speciality paper. Varieties under printing and writing paper are creame wove paper, super printing paper, maplitho paper (non-surface and surface size), copier paper, bond paper and coating base paper and others. The varieties under coated paper are art paper/board, chromo paper/board and others. There are approximately 600 paper mills in India, of which twelve are major players. Globally over 400 million tonnes of paper and paper products are consumed. The world's three largest paper producing countries are China, the United States, and Japan (these three countries account for approximately half of the world's total paper production), while India accounts for a small but growing share of the global market. The global paper and pulp mills industry has contracted slightly over the past five years, primarily due to the shift to digital media and paperless communication across most developed economies.
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Return: 1.00%Break even: N/A
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Glass Ampoules (Distilled Water)

An ampoule (also ampul, ampule, or ampulla) is a small sealed vial which is used to contain and preserve a sample, usually a solid or liquid. Ampoules are commonly made of glass, although plastic ampoules do exist. Modern ampoules are most commonly used to contain pharmaceuticals and chemicals that must be protected from air and contaminants. They are hermetically sealed by melting the thin top with an open flame, and usually opened by snapping off the neck. Ampoules are the most widely used common packaging solutions globally. They are small sealed vials used to preserve samples in both liquid and solid forms. Ampoules are generally made of glass, but with the help of advanced technologies, ampoules are also manufactured using plastics. Ampoules are widely used in the pharmaceutical industry, owing to their beneficial characteristics. The worldwide ampoules and syringes market is witnessing a substantial rise in its valuation. Analysts expect the scenario to remain positive over the forthcoming years, thanks to the continual advancements in the biologics and biosimilars industry, influencing the demand for ampoules and prefilled syringes. Glass Ampoules market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Glass Ampoules market based on company, product type, application and key regions.
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Return: 1.00%Break even: N/A
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Aluminium Paint

In the aluminium paint, the base material is aluminium powder. Aluminium paint is used for painting wood work and the metal surface. This paint is recommended for its good weather resisting and water proofing qualities. It is highly heat resistant and also resistant to corrosive action. Aluminum paint refers to a paint that is solvent-based and filled with aluminum flake. It is a protective metallic finish use on well-prepared metal surfaces like storage tanks, roofs and pipework. This paint can withstand temperatures up to 302°F (150°C). Aluminum paint is a very versatile paint that has several possible ways that it can be used and applied. Real flecks of aluminum are used in aluminum paint, along with fiberglass resin as a base to help it adhere to surfaces.
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Return: 1.00%Break even: N/A
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Automobile Paints for Car

Automotive paint is paint used on automobiles for both protection and decoration purposes. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm (0.1mm). Automotive paint, one of the most vital parts of automobile, is applied on automobiles to preserve them from corrosion and oxidation. They are used extensively for painting exterior and interior of automobiles and serve a dual purpose of decoration as well as protection. The different products that fall under automotive paints are electro coats, powder coats, basecoat and clear coat. Availability of various choices of color is boosting the automotive paints market. The global automotive paint market is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their property and functionality. Today, automotive paints are not only used for beautification of the vehicles but also to enhance surface durability. Automotive paint market is segmented on the basis of vehicle type, coat type, texture type, technology and geography. The vehicle type segment comprises of light commercial vehicles, heavy commercial vehicles and passenger cars. On the basis of coat types, the market is further classified as base coat, clear coat, primer coat and electro coat.
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Return: 1.00%Break even: N/A
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Fluorine Chemical (Hydrofluoric Acid)

Fluorine is a chemical element with symbol F and atomic number 9. It is the lightest halogen and exists as a highly toxic pale yellow diatomic gas at standard conditions. As the most electronegative element, it is extremely reactive, as it reacts with almost all other elements, except for helium and neon. Fluorine is an univalent poisonous gaseous halogen, it is pale yellow-green and it is the most chemically reactive and electronegative of all the elements. Fluorine readily forms compounds with most other elements, even with the noble gases krypton, xenon and radon. It is so reactive that glass, metals, and even water, as well as other substances, burn with a bright flame in a jet of fluorine gas.
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Return: 1.00%Break even: N/A
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Hydroxylamine Sulphate

Hydroxylammonium sulfate (NH3OH) 2SO4, is the sulfuric acid salt of hydroxylamine. It is primarily used as an easily handled form of hydroxylamine, which is explosive when pure. Hydroxylammonium sulfate is used in organic synthesis to convert aldehydes and ketones to oximes, carboxylic acids and their derivatives (e.g. esters) to hydroxamic acids, isocyanates to N-hydroxyureas and nitriles to amidoximes. Hydroxylammonium sulfate is also used to generate hydroxylamine-O-sulfonic acid from oleum or chlorosulfuric acid. Hydroxylammonium sulfate is used in the production of anti-skinning agents, pharmaceuticals, rubber, textiles, plastics and detergents. It is a radical scavenger that terminates radical polymerization reactions and serves as an antioxidant in natural rubber. (NH3OH) 2SO4 is a starting material for some insecticides, herbicides and growth regulators. It is used in photography as a stabiliser for colour developers and as an additive in photographic emulsions in colour film.
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Return: 1.00%Break even: N/A
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Polyvinyl Acetate

Polyvinyl acetate is a substance produced through the combining of many units of monomeric vinyl acetate (CH3COOCH=CH2). The number of units so combined is typically between 100 and 5,000. Polyvinyl acetate includes all homopolymers and copolymers where the vinyl acetate content is at least 50%. About 80% of total consumption is used in wood, construction and paper adhesives, and architectural coatings. Most of the remaining polymers are used in paper and textile coatings. Polyvinyl acetate is a rubber synthetic polymer, or plastic. It belongs to polyvinyl ester family and is categorized as a thermoplastic, meaning it melts at high temperatures and is elastic and flexible at room temperature. Polyvinyl acetate is a vinyl polymer and is prepared by polymerization of vinyl acetate monomer.
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Return: 1.00%Break even: N/A
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Lamp Shades and Chandeliers

Lamp Shades A lampshade is a fixture that covers the light bulb on a lamp to diffuse the light it emits. Lampshades can be made out of a wide variety of materials like paper, glass, or stone. Usually conical or cylindrical in shape, lampshades can be found on floor, desk, tabletop, or suspended lamps. The term can also apply to the glass hung under many designs of ceiling lamp. Beyond its practical purpose, significant emphasis is also usually given to decorative and aesthetic features. A common form of lamp shade on a floor lamp, for example, uses cloth or paper with a loose weave to block significant amounts of light in a horizontal direction. At the same time, the shade permits light to flow from the top and bottom. Chandelier A chandelier also known as girandole, candelabra lamp, or least commonly suspended lights) is a branched ornamental light fixture designed to be mounted on ceilings or walls. Chandeliers are often ornate, and normally use incandescent light bulbs, though some modern designs also use fluorescent lamps and recently LEDs. Chandelier as "a branched, decorative lighting fixture that holds a number of bulbs or candles and is suspended from a ceiling." In the interest of fire safety, today's chandeliers rarely hold candles, but they still impart an incomparable ambiance. The type of chandelier you choose will depend on your decorating scheme, the scale of your room, and the electrical outlets available. The chandelier market is projected to expand at a significant growth rate during the forecast period. The rising disposable incomes, changing lifestyles, and innovative chandelier designs by manufacturers are the factors driving the growth of this market. Additionally, consumers also have a rising trend to use energy efficient lights, which are long lasting and also cut down on the utility bills. This trend is considered to be the major factor leading to the increase in demand for chandeliers. However, technical difficulties in its installation and high investment costs act as a restraint toward growth of the market. Moreover, lack of availability of parts and specialized lights after damage also hinders the growth of the global chandelier market. In order to overcome the cost constraint of chandeliers, manufacturers are focusing on developing products at cost competitive prices. The global chandelier market is segmented by type, category, material, end use, distribution channel, and region. The chandelier market is divided into three types: classical, modern, and transitional. By category type, the market is segmented by the lighting direction namely uplight, downlight, cluster, and pendant. Based on material, the market is segmented into crystal, glass & colored glass, wood, metal, and others such as brass, fabric etc. By end use, the chandelier market is divided into residential and commercial which can be further classified into offices, hotels & restaurants, and others such as malls, hospitals etc. In terms of distribution channel, chandeliers are available online such as on e-commerce websites and brand websites and also available offline in department stores, hypermarkets, and specialty stores.
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Return: 1.00%Break even: N/A
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Shiitake Mushroom

The shiitake is an edible mushroom native to East Asia, which is cultivated and consumed in many Asian countries. It is considered a medicinal mushroom in some forms of traditional medicine. Shiitake mushrooms offer many health benefits such as improved digestion, better cardiovascular health, bone building, etc. which have paved the way for its application in the pharmaceuticals industry. The global shiitake mushroom market has witnessed constant demand during the last few years and is projected to reach USD 35.4 billion at a CAGR of 15.31% by 2023. Shiitake mushroom is an edible specialty mushroom which was originated in East Asia. It is commonly used in preparation of various cuisines of East Asia. On the basis of the category, fresh shiitake mushroom will dominate the market and is projected to hold a major share of approx. 50% in the global market. Fresh shiitake mushroom is widely used in preparation of different cuisines for its rich and robust flavoring attribute which is driving the market of fresh shiitake mushroom. Asia Pacific is dominating the market in use of fresh shiitake mushroom followed by Europe. However, North America is witnessed to be the second largest growing country in fresh shiitake mushroom at a CAGR of 14.36% over the forecast period. Based on the application, food industry is dominating the market holding a leading share of 54.4%. However, increasing awareness of high nutritional and medical benefits of shiitake mushroom including improved cardiovascular health, bone-building, improved digestion, healing chromosome damage caused by anti-cancer treatments and others is boosting the application of shiitake mushroom in pharmaceuticals at a CAGR of 16.56% over the forecast period.
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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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