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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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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.

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Steel Wool

Steel wool, also known as iron wool, wire wool, steel wire or wire sponge, is a bundle of very fine and flexible sharp-edged steel filaments. It was described as a new product. It is used as an abrasive in finishing and repair work for polishing wood or metal objects, cleaning household cookware, cleaning windows, and sanding surfaces. Steel wool is most often used in refinishing furniture and sometimes in the kitchen (in the form of the popular Brillo pad,) but those are by no means its only uses! Steel wool is an inexpensive and effective workhorse inside and outside of home. Steel wool is the name given to fine metal wire that are bundled together to form a cluster of abrasive, sharp-edged metal strips. The metal strips are massed together in a sheet, folded, and turned into pads that are easily held in the hand. These steel wool pads are used for a variety of purposes, but primarily as an abrasive material, sometimes replacing sandpaper. Steel wool may be best known to consumers as the pink-colored abrasive pads that have soap added so that they may be used to scrub pots and pans.
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Return: 1.00%Break even: N/A
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Cement Grinding Unit

Cement grinding are used to improve the efficiency of cement production and reduce energy consumption. Cement grinding have been used for improving cement clinker grinding efficiency, power flow ability, and strength development of binders. The cement industry in India is probably the most efficient in the world and has a well deserved reputation for technology upgradation. The proper selection of plant and machinery, and process systems and auxiliary equipment is not only important from the energy efficiency point of view, but also critical from the plants. India is the second largest producer of cement in the world. No wonder, India's cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, both from Indian as well as foreign investors. India has a lot of potential for development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent major initiatives such as development of 98 smart cities are expected to provide a major boost to the sector. Cement production capacity stood at 502 million tonnes per year (mtpy) in 2018. Cement consumption is expected to grow by 4.5 per cent in FY19 supported by pick-up in the housing segment and higher infrastructure spending. The industry is currently producing 280 MT for meetings its domestic demand and 5 MT for exports requirement. The Indian cement industry is dominated by a few companies. The top 20 cement companies account for almost 70 per cent of the total cement production of the country. A total of 210 large cement plants account for a cumulative installed capacity of over 350 million tonnes, with 350 small plants accounting for the rest. Of these 210 large cement plants, 77 are located in the states of Andhra Pradesh, Rajasthan and Tamil Nadu.
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Return: 1.00%Break even: N/A
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Non-Stick Kitchen Ware

The Kitchenware market in India is estimated to be in the range of Rs $320 – $360 million out of which Kitchen Accessories market is just about 18 per cent. The market is highly unorganized with organized players accounting for only 35 - 40 per cent of the market share. The industry is pegged to grow at around 21%, some of the key drivers are as follows:- • The industry is witnessing tremendous technological changes, creating better and innovative products every now and then, this leads to enormous diversity of articles on of the key drivers of the category • The market bustles specially on the auspicious season of ‘Diwali Festival’, the growth is also fuelled by ‘Marriage Occasions’ where category forms part of Gifting item • The category is becoming popular as the Casual Entertaining Trend is on the rise – thus leading to growth of contemporary and unique item • Development of new retail channels such as modern retail format stores, lifestyle stores, etc. have also added to the growth of the category because:- • Channel present consumer with lifestyle solution rather than isolated products categories • Development of different market niches, each aiming on specific consumer group • Life style-enhancing items increase in-store traffic; encourage consumers to linger longer in the outlets and boost impulse purchases
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Auto Bulb, Lamp

Light bulbs for automobiles are made in several standardized series. Bulbs used for headlamps, turn signals and brake lamps may be required to comply with international and national regulations governing the types of lamps used. Other automotive lighting applications such as auxiliary lamps or interior lighting may not be regulated, but common types are used by many automotive manufacturers. India automotive lighting market is projected to grow at a CAGR of over 12% by 2023, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards vehicle lighting systems. Moreover, increasing automobile production, as well as vehicle fleet is further contributing to the growth of India automotive lighting market. An incandescent light bulb, incandescent lamp or incandescent light globe is an electric light with a wire filament heated to such a high temperature that it glows with visible light (incandescence). The filament is protected from oxidation with a glass or fused quartz bulb that is filled with inert gas or a vacuum. In a halogen lamp, filament evaporation is slowed by a chemical process that redeposits metal vapor onto the filament, thereby extending its life. The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. Rural areas in developing nations of India, the Middle East and Latin America are witnessing a surge in the demand for lamps. The demand for lamps exists not only from residential sectors, but also from commercial and industrial sectors, which will ensure a steady growth of the market.
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Fatty Alcohol Manufacturing Business

Fatty Alcohol Manufacturing Business. Production of Long-chain alcohol (Fatty Alcohol). Profitable Business Opportunities in Oleochemicals Business Fatty alcohols are commonly derived from natural oil and fat found in animals and plants or prepared synthetically. They are aliphatic alcohols used in detergents, cosmetics, pharmaceuticals, etc. In cosmetics formulations fatty alcohol is used as a thickener, emulsifier, and emollients. Fatty alcohols can be divided into natural and artificial. All natural fatty alcohols are based on soya bean oil, palm oil, coconut oil, and others. For production of fatty alcohol - three methods can be used such as wax Easter route, Easter route, and acid route. The fatty alcohol is derived from fatty acids and forms the basic building blocks of products like soaps, shampoos, and cosmetics among others. The fatty alcohols are colorless oily liquids or solid wax substances that are widely used in making cleaning products. They are amphipathic in nature and act as non-ionic surfactants. The fatty alcohols are mainly being used as emulsifiers, thickeners, emollients, and lubricating agents across different industries. The main application areas for fatty alcohols are detergents and soaps, personal care and others. Increasing concerns regarding the effect of petrochemicals use on the environment have driven the use of bio-based, sustainable chemicals. The industry has started adopting biodegradable products and base chemicals through bio-based raw materials for the reduction of its reliance on petrochemicals and to decrease carbon footprint. Regulations regarding the environmental hazards associated with petrochemical-based products are expected to drive the market adoption. Also, increasing demand for personal care products and detergents & soaps in developing regions is estimated to drive the adoption of fatty alcohols during the forecast period. Fatty alcohol is used as an emulsifier, thickeners, emollients and lubricating agent. These vital features and aspects of fatty alcohol increases it overall market value as a chemical product. Applications segment the global fatty alcohol market into personal care, amines, soaps & detergents, lubricants and others. Global fatty alcohol market is further classified by products into C6-C10 fatty alcohols, C11-C14 fatty alcohols and C15-C22 fatty alcohols. Market Outlook Fatty alcohol market size is anticipated to be valued at over USD 7.5 billion by 2023. Favorable government initiatives accompanied by consumer shift towards natural products is likely to fuel demand over the forecast period. Increasing demand for fatty acids, coupled with increasing number of surfactant based industries are major factors driving growth of the global fatty alcohol market. Increasing number of personal care products, detergents, soaps, oil, etc. companies is also resulting into increasing usage of fatty alcohols. Abundant availability of raw materials at low cost in emerging economies is another factor fueling growth of the global market. Furthermore, increasing population and rising demand for cosmetics, cleaning products, gas, etc. are factors expected to boost growth of the global fatty alcohols market in the near future. The various application areas, the segment of detergents and soaps is expected to account for a massive, dominating share in the global fatty alcohols market during the assessment period. However, the uptake of fatty alcohols is likely to rise at substantial pace in the personal care industry. This is attributed to the rising use of emollients and emulsifiers in personal care products. The demand for fatty alcohols has witnessed a rapid worldwide demand by the rising use of fatty alcohols in the making of soaps and detergents. Rapid strides being made by the personal care and cosmetics industries in emerging economies have been imparting a big impetus to the expansion of the fatty alcohols market. Moreover, the rising use of fatty alcohols in manufacturing plasticizers, flavors and fragrance, and lubricants, is accentuating the growth. In this regard, C15-C22 fatty alcohols are extensively used in lubricants and moisturizers. In addition, C11-C14 type is used in the making of key foaming agents, notably sodium lauryl ether sulfates. However, in recent years, glut of fatty alcohols in various parts of the world is a key factor hindering the growth of the global market. Moreover, the volatility of raw materials prices has adversely affected the prospect of the fatty alcohols market. Modern lifestyle and awareness among consumer groups in developed as well as developing economies regarding the use of personal care products is a prominent factor to upsurge the growth of global fatty alcohol market. Biodegradable nature of fatty alcohol which helps maintain ecological balance is a significant factor empowering the global fatty acid market. Rising demand for detergents, surfactants and lubricants is expected to drive this market for the forecast period. End user industries like food and oil industries are expected to open new opportunities for the global fatty alcohol market. Expensive raw material cost is holding up the growth of global fatty alcohol market. The global fatty alcohol market is divided based on type, application, and region. Type is segmented into the short chain, long chain, pure & mid-cut, and higher chain. Based on application, the market is segmented into personal care, plasticizers, industrial & domestic cleaning, lubricants, pharmaceutical formulation, food & nutrition, and others. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia-Pacific is expected to dominate the market in the forecast period, due to the rising disposable income, increasing population and growing demand for fatty alcohols in various industries. Major leaders of the world Fatty Alcohols market are: Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Musim Mas Holdings Pte. Ltd., Godrej Industries Limited, The Procter & Gamble Company, VVF Limited, Sasol Limited, Kao Corporation, Emery Oleochemicals (M) Sdn Bhd, Royal Dutch Shell plc. Oleochemicals Industry in India Fatty acids control a lion’s share in the India oleochemicals market on account of large requirement for distilled fatty acids and polyunsaturated acids, which are essential in the production of soaps, personal care products, detergents, lubricants, surfactants, etc. Oleochemicals are industrially produced chemicals derived from animal fats or vegetable oils. Since oleochemicals are less toxic as compared to conventional petrochemical products, various end use industries such as those engaged in manufacturing of personal care products, detergents, soaps and agrochemicals, are substituting their requirement for petrochemicals with oleochemicals. India oleochemicals market is projected to cross US$2.6 billion by 2025. India oleochemicals market has been segmented into five categories namely - fatty acids, fatty alcohols, glycerin, fatty acid methyl esters and fatty amines. Robust growth in India oleochemicals market can be attributed to the increasing demand for naturally derived raw materials for personal care and soaps industry. Rising consumer spending on green products and increasing awareness regarding the harmful effects of chemicals used in cosmetic products has resulted in an upsurge in preference for oleochemicals in the country, especially over the last few years. However, the fastest growth in India oleochemicals market over the next ten years is anticipated to be exhibited by methyl esters and fatty amines, which are increasingly being used in the agrochemicals sector. West region controls the largest share in India oleochemicals market on account of strong presence of soaps and detergent manufacturing industries in the region. Few of key players involved in India oleochemicals market include VVF(India) Limited, Godrej Industries Limited, 3F Industries Limited, Jocil Limited, Indo Amines Ltd., Universal Biofuels Limited, Oil Base India and Oleochem India Private Limited Tags #Fatty_Alcohol, #Production_of_Fatty_Alcohols, Process for Production of Fatty Alcohols, #Fatty_Alcohol_Manufacturing_Plant, Fatty Alcohol Industry in India, Setting up Fatty Alcohol Manufacturing Unit, Fatty Alcohol Business, #How_to_Start_Industrial_Alcohol_Manufacturing_Business, Fatty Alcohol Making Process, Fatty Alcohol Manufacture, Manufacturing of Fatty Alcohol, #Fatty_Alcohol_Plant, Process for Producing Fatty Alcohols, Fatty Alcohols Manufacturing, Long-Chain Alcohols, Fatty Alcohol Production Process, Fatty Alcohol Production Plant, Production, Properties, and Uses of Fatty Alcohols, Fatty Alcohol Production Business, #Fatty_Alcohol_Formula, Process for Manufacturing of Fatty Alcohols, #Project_Report_on_Fatty_Alcohols_Manufacturing_Industry, Detailed Project Report on Fatty Alcohols Manufacturing, Project Report on Fatty Alcohol Production, Pre-Investment Feasibility Study on Fatty Alcohol Production, #Techno_Economic_feasibility_study_on_Fatty_Alcohols_Manufacturing, Feasibility report on Fatty Alcohol Production, #Free_Project_Profile_on_Fatty_Alcohol_Production, Project profile on Fatty Alcohol Production, Download free project profile on Fatty Alcohol Production, #Oleochemicals_Industry_in_India, India Oleochemicals, Oleo Chemicals, Production of Oleochemicals, Oleochemical Industry, Oleochemicals Manufacturing, Oleochemical Production Process, Oleochemical Manufacture, Oleochemical Manufacture and Applications Pdf, Manufacturing of Oleochemicals, Production of Long-chain Alcohols
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LPG Gas Pipe

LPG Gas Pipe is used for joining stove to LPG cylinder in home kitchens for cooking purposes. The pipe embraces features like flexibility in bending and resist against cracks for many years. Outer layer of gas pipe is made up of rubber and inside it has hard wired mesh that gives protection from bites of rats. These are widely used in compressors, welding, heating and cutting operation and other pneumatic applications. Features: • Durable nature • Easy to use • Low maintenance • High strength • Water resistant • Abrasion resistance • High tensile strength • Durable finish standard
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Return: 1.00%Break even: N/A
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Ceramic Crockery Products (Bone China)

Ceramic crockery has dazzling lustre which enhances its quality and prolongs its life. Moreover, bone china crockery requires least amount of maintenance. The Bone China crockery are being manufactured using the high grade raw materials. These are being available in standards as well as the customized forms on the basic of designs shape sizes and color. These comprises serving dish, plates and bowls and is highly known in the market for its stylish, classy look, premium quality, durability, attractive patterns, vibrant colors and good polishing ability. These are designed according to the latest trends prevailing in the market. Features: • Perfectly finish • Long service life • Light weight • Good quality • Stylish look and attractive • Durable The residential consumers are the major end-users of ceramic tableware products. The demand for ceramic tableware is anticipated to grow owing to the increase in household numbers globally. The increasing home renovation and modular kitchen projects will be one of the major trends in the global ceramic tableware market during 2019-2023. The number of home renovation projects in the Americas has been increasing since 2016. The average spending on dining renovation in the US grew by around 13% in 2016 when compared with the previous year. The trend in dining renovation is anticipated to continue growing during the forecast period and a considerable amount of revenue from dining renovation projects is anticipated to flow into ceramic tableware products.
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G.I. Sheet (Plain & Corrugated)

The galvanized iron (GI) sheets are produced as plain coils / sheets (GP) and corrugated sheets (GC). Corrugated sheets are also known as corrugated galvanized iron (CGI) sheets. These are value added steel products which are tough, sturdy, light weight, bright, corrosion resistant and easy to transport. Features: • Durable surface finish • Superior strength • Corrosion resistant • Cost effective • Fine finish • Low maintenance • High usability • User friendly • High efficiency • Compact design • Enhanced durability These are highly demanded in market due to their various attributes such as fine quality, high tensile strength and long life.
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Plastic Felt

Plastic Felt Water proofing, Polimer Modified Water proofing membrane consists of a center core of 25 micron thick high molecular high density polyethylene film. The center core is protected on both sides with polymer modified bitumen with high softening point and high penetration to make it ideal for water proofing purpose. It also achieves high bonding strength with substrate and a strong adhesion between overlaps. The modified bitumen compound is protected on both sides with a thermo fusible HMHDPE film. This reinforces the non-permeable quality of the entire membrane. It has high elongation and high tensile strength and also flexible and pliable at low temperatures. Features: • Moisture proof • Excellent quality • Durability • Quality tested • Widely demanded • Reasonable Plastic industry is making significant contribution to the economic development and growth of various key sectors in the country such as: Automotive, Construction, Electronics, Healthcare, Textiles, and FMCG etc. India exports both plastic raw materials and finished products to over 200 countries across the globe. India’s plastics industry is targeting at least a 3% share of the global polymer export market by 2025. The Indian plastics industry is expected to grow at an annual rate of 8-10%, with domestic polymer consumption expected to double by 2028. The Indian plastics industry market has now grown to become one of the leading sectors in the country’s economy, consisting of over 30,000 firms and employing more than 4 million people. India is also one of the world’s top exporters of plastics products. The industry manufactures and exports a variety of raw materials, laminates, electronic accessories, medical ware, and consumer goods. These plastic products are exported to more than 150 countries, mainly in Europe, Africa, and Asia.
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Rock Drill Bits

Rock Drill Bit provides for high speed and efficient drilling support through use of a hydraulic motor which makes use of rotation motion for faster & precise cracking and chipping away of rock fragments. These drills make use of H22 integral steel for better drilling efficiency and can be made available in different sizes for drilling holes of varied diameters. Rock Drill Bits used in Rock drilling work. Using a very inexpensive electrolysis process, with off the shelf chemicals, the unit etches the surrounding metal to expose the tungsten buttons increasing the life of the drill bit. Depending on the usage and how eroded the buttons are, the process can be repeated up to three times during the life of the drill bit thus prolonging the use of the drill bit by an extra three periods. Global drill bit market is expected to witness growth over the forecast period on account of increasing drilling meant for exploration and production of crude oil and natural gas in Australia, Middle East and the U.S. Growing construction industry in light of rapid industrialization and urbanization in emerging economies of India, China, and Brazil is likely to augment the market for drilling accessories. Drill bit are cutting tools used in the application of activities meant for creating cylindrical holes for drilling to produce crude oil and natural gas. Construction industry is expected to be a potential application for drill bit in light of increasing consumption in foundation work and maintenance in housing sectors.
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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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