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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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Craft Beer

A microbrewery or craft brewery is a brewery that produces small amounts of beer (or sometimes root beer), typically much smaller than large-scale corporate breweries, and is independently owned. Such breweries are generally characterized by their emphasis on quality, flavour and brewing technique. Craft brewing" is a more encompassing term for developments in the industry succeeding the microbrewing movement of the late 20th century. The definition is not entirely consistent but typically applies to relatively small, independently-owned commercial breweries that employ traditional brewing methods and emphasize flavor and quality. The term is usually reserved for breweries established since the 1970s but may be used for older breweries with a similar focus. A United States trade group, the Brewers Association, interested in brand transparency, offers a definition of craft breweries as "small, independent and traditional". The global craft beer market to grow at a CAGR of 11.04% during the period 2017-2021. The latest trend gaining momentum in the market is increasing exports of craft beer. In the past few years, the American craft beers were not likely to find a place in the beer markets of Europe and Asia. Current scenario, the American craft beers are one of the major reasons behind the increase in demand for craft beers in Asia and Europe. Craft beers are also able to compete successfully with other alcoholic products in the European countries. The demand for exotic, rare, and innovative flavors of craft beers has increased. The trend of consumption of craft beer began in western world and spread to other regions rapidly. Looking at the economic development at global level and specifically for BRIC countries, the increasing purchasing power of consumers, trends of healthy consumption leading to changes in consumption basket of consumers are likely to remain significant. The increasing consumption of craft beer is driven by this desire to socialize and spend some quality time with family and friends. The craft beer is considered fresh and is preferred by mass consumer especially in developed countries and the trend is spreading across the globe. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Arthos Breweries Ltd Arlem Breweries Ltd. Associated Breweries & Distilleries Ltd. Blossom Industries Ltd. Buckingham Distilleries & Breweries Ltd. Carlsberg India Pvt. Ltd. Castle Breweries Ltd. Him Neel Breweries Ltd. Indo Lowenbrau Breweries Ltd. Kesarval Beverages Ltd.
Plant capacity: Craft Beer (Bottles 650 ml Size): 18,462 Nos. / Day Craft Beer (Al. Cans 500 ml Size): 24,000 Nos. / DayPlant & machinery: Rs 1366 lakhs
Working capital: -T.C.I: Cost of Project : Rs 4432 lakhs
Return: 33.00%Break even: 40.00%
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Rice Husk based Biodegradable Cutlery

Biodegradable cutlery has emerged as a better alternative to plastics across the globe and Indians have been early adopters of biodegradable products. All kinds of plant biomass material such as biogases, rice husk, coconut coir etc. are being utilized for producing eco-friendly cutlery, tableware and packaging products that could see a surge in usage in the coming decade. Rice husk is a surprisingly strong material that can withstand significant wear and tear and has a long life. Rice husk tableware is one of the most durable forms of biodegradable cutlery that can withstand temperatures of more than 100oC without getting damaged. This reusable tableware has a smooth glossy covering that is 100% natural and derived from the wax present in rice husks. The global biodegradable cutlery market size was accounted for USD 33.9 million, in 2018 and is projected to grow at a significant rate of CAGR of 5.9% during the forecast period, 2019 to 2025. The growing awareness about hazardous impacts of non-biodegradable waste is expected to positively affect the market growth. The government has formed strict regulations for banning non-biodegradable plastic. Supportive government initiatives along with growing consumer awareness about side effects of non-biodegradables are projected to boost the market growth. Furthermore, increasing demand for eco-friendly products such as cups and plates across the hotels and restaurants is contributing to market growth. Eco-friendly cutlery provides more convenience include cups, plates that can be carried while vacations, family outings. However, the biodegradable item such as spoons and cups costs higher than traditional cutlery. Moreover, during the process of manufacturing biodegradable plastics greenhouse gases are released which affects the environment. This factor may restrain the market growth. Thus, due to demand it is best to invest in this project.
Plant capacity: Biodegradable Cutlery (Per Set 9 Pcs. Flatware): 1,852 Sets / DayPlant & machinery: Rs 28 lakhs
Working capital: -T.C.I: Cost of Project : Rs 142 lakhs
Return: 28.00%Break even: 63.00%
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BLDC Fan

BLDC stands for Brushless DC motors. The BLDC motor is a synchronous motor powered by a DC electric source. It uses an integrated inverter power supply to produce an electrical signal to drive the motor. BLDC fan meaning is BLDC motor use in BLDC ceiling fan compare to induction motor in normal ceiling fan. With the use of BLDC motor in ceiling fan we can save 60% electricity in the ceiling fan. BLDC fan lifespan is more than a normal ceiling fan because there is no heat generated in BLDC Motor hence its increases lifespan of ceiling fan bearings, also there are fewer chances for the winding failure due to the use of high thickness copper wire in the winding. India is a tropical country making fans a necessity. Thus, the fan industry in India is well-established and has shown significant growth over the years. Profit realizations increased only 3.0-3.5% annually in the last 2 years due to a parallel rise in raw material prices. However, going forward, realizations for the sector are due to increase substantially as share of premium fans rise from current 6-8% levels to more than 15-20% over the next 3-5 years. Growth in the housing sector is boosting the demand for ceiling fans, especially in the developing economies. For instance, the governments of China and India are coming up with new schemes to provide shelter to the low- and middle-income groups. In addition to this, development in the commercial real estate, hospitality and retail sectors are bolstering the market growth. Fans are one of the electrical appliances which have become almost indispensable in Indian homes and even offices. Electric fan is a high market penetration product category and is very high in terms of purchase priority amongst durables. The market size of fan in value terms is quite large and it is the largest selling item in the brown goods category. Fan as a product category has no major regional disparities in sale. Much of the sale of organized sector is in the metro, tier I and tier II markets. National brands have built their brand image over a period of time through sustained advertising and a good dealer network. Moreover, the export of fans from India has grown considerably in the last few years and is a testimony to the quality and development of fan industry in India. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Advanced Appliances Pvt. Ltd. Delco Fans Pvt. Ltd. Goa Electricals & Fans Ltd. Khaitan Fans (India) Ltd. Nicotra India Pvt. Ltd. Remi Engineering Fans Ltd. Rallis Machines Ltd.
Plant capacity: BLDC Celling Fan (48"-52"): 1,000 Pcs. / DayPlant & machinery: Rs 48 lakhs
Working capital: -T.C.I: Cost of Project: Rs 359 lakhs
Return: 29.00%Break even: 66.00%
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Menthol Crystal

Menthol is a white crystalline chemical product. It is manufactured either from natural source or is produced synthetically. Leave or Racemic form are only the rapautically active melting point of natural or synthetic leave menthol lies between 41 and 44°C. Some manufacture classify crystals according to their shape and size and thus many terminologies are used by them e.g. bold crystal medium crystals, medium extra crystals, medium extra large crystals. Menthol is marketed in almost all size of container from 25 kegs. packs to 2 gm pack. Most popular packs are 5 kegs. 500 gm. and 900 gm. Menthol is packed in sealed or unsealed plastic or PVC bags. Paper bags are rarely used. Which are not desirable? These filled bags are than packed in printed or unprinted sealed or unseal tin containers. Occasionally cardboard boxes are used which again are unsatisfactory for variety of reason. Menthol crystals are majorly derived from natural sources and therefore these are gaining more importance in developed and developing markets. Increasing focus of manufacturers towards natural and sustainable products is pushing the growth of natural based products from various industries. Cosmetic industry is highly regulated and therefore is demanding natural based raw materials for manufacturing cosmetic products. This is expected to drive the menthol crystals market in coming years Global Menthol Market Is forecasted to reach 5590 Million US$ by 2025 with a 4.68% average growth rate. Menthol is an active ingredient in countless products, ranging from aftershave to topically applied muscle cooling lotions. It is also used extensively as a flavoring agent in confections, gum, and oral hygiene products, and in perfumery, it is commonly used to emphasize floral notes. Menthol products 60% of the cost is directly related to the menthol oil price, which is actively traded in the commodity market. The price fluctuation of menthol oil highly depends on the season. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Everest Flavours Ltd. Halcyon Life Sciences Pvt. Ltd. Malik Polychem Ltd. Swati Menthol & Allied Chemicals Ltd. Sharp Mint Ltd. Rupangi Impex Ltd. Jindal Drugs Pvt. Ltd.
Plant capacity: Menthol Crystal : 1,500 Kgs / Day Dmentha Oil : 500 Kgs / DayPlant & machinery: Rs 196 lakhs
Working capital: -T.C.I: Cost of Project: Rs 642 lakhs
Return: 30.00%Break even: 51.00%
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Rose Plantation and Rose Oil Extraction

There are more than 5000 varieties of rose in India of which only a few yield essential oils. The varieties that are grown in India for obtaining essential oils are rosa damascena mill (Fasli Rosa) and rosa borboniana desp (Edward Rose). Generally, rose plants are 6ft high from the land. The Maharashtra, Tamil Nadu, Karnataka, and West Bengal are the most rose farming project state in India. The successful commercial rose farming process mostly depends on the varieties of rose flower. In latest technology, there are many rose planting methods are available but the rose cultivation in greenhouse method is very famous and convenient for rose plants. The Indian Floriculture market was worth INR 188.7 Billion in 2019. Floriculture also known as flower farming refers to the cultivation of flowering and ornamental plants. Although flowers have been an integral part of the Indian society and were cultivated for various purposes ranging from aesthetic to social and religious purposes, the commercial floriculture industry has been of recent origin. A strong increase in the demand for cut and loose flowers has made floriculture as one of the important commercial trades in Indian agriculture. Looking forward, IMARC Group expects the Indian Floriculture market to exhibit strong growth during 2020-2025. The increasing importance of natural extracts as pharmaceutical & natural cosmetic aid and their use as nutraceutical ingredients in recent times has opened up new vistas for this sector besides their widespread use as flavor & fragrance ingredients. India will play a dominant role in the production & processing of these natural extracts. Country's biodiversity coupled with competent scientific force, make our country as the best choice to become a foremost leader in aroma business in the coming years. The rose oil helps to provide an even tone complexion by diminishing redness from skin. Moreover, its property to reduce and tackle inflammation to skin makes it more preferable among the consumers. The product is mostly preferred by the consumers having dry and sensitive skin as the product helps to soothe and moisturize the skin for a longer period. The above-mentioned factors are beneficial for the skin sensitive population, thereby driving the sales of the product. Rise in disposable income among consumers to purchase skincare products irrespective of cost factor is anticipated to impact the growth of the rose oil market in the coming years. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Givaudan (India) Pvt. Ltd. Pond'S (India) Ltd. South East Agro Inds. Ltd. Ultra International Ltd. Unilex Colours & Chemicals Ltd. Industrial Perfumes Ltd. Kancor Ingredients Ltd. Kanta Enterprises Pvt. Ltd.
Plant capacity: Rose Oil (Packed in 100 ml size Bottle) : 0.7 Ltrs / Day Rose Water (Packed in 100 ml size Bottle): 2,500 Ltrs / DayPlant & machinery: Rs 150 lakhs
Working capital: -T.C.I: Cost of Project: Rs 564 lakhs
Return: 29.00%Break even: 58.00%
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Toothpaste

Toothpaste is a paste or gel to be used with a toothbrush to maintain and improve oral health and aesthetics. Since their introduction several thousand years ago, toothpaste formulations have evolved considerably - from suspensions of crushed egg shells or ashes to complex formulations with often more than 20 ingredients. Among these can be compounds to combat dental caries, gum disease, malodor, calculus, erosion and dentin hypersensitivity. Furthermore, toothpastes contain abrasives to clean and whiten teeth, flavors for the purpose of breathe freshening and dyes for better visual appeal. Effective toothpastes are those that are formulated for maximum bioavailability of their actives. This, however, can be challenging as compromises will have to be made when several different actives are formulated in one phase. Toothpaste development is by no means complete as many challenges and especially the poor oral substantively of most active ingredients are yet to overcome. The global toothpaste market is projected to grow at a CAGR of 6.1% during the forecast period. The toothpaste market was valued at USD 26.09 billion in 2018, and it is projected to reach USD 36.98 billion by 2024. Increasing dental problems among children and adults, due to poor eating habits, and the rise in popularity for herbal oral care products are the factors primarily driving the global toothpaste market. The rapidly changing lifestyle, improper diet, including sugar-rich diets, and the increased consumption of alcohol and tobacco have made oral health one of the major public health problems in almost every part of the world. The impact of oral diseases on people's everyday lives is subtle and pervasive, influencing food habits, sleep, rest, social roles, and almost every phase of the day. Collectively, oral diseases and disorders create substantial pain and suffering. Owing to this, consumers across the world have started paying immense attention to maintaining their oral health, which has led to an increase in the sales of toothpaste across the world. Thus, due to demand it is best to invest in this project.
Plant capacity: Toothpaste 35 gms Tubes : 28,572 Tubes / Day Toothpaste 70 gms Tubes: 14,286 Tubes / Day Toothpaste 140 gms Tubes: 7,143 Tubes / DayPlant & machinery: Rs 173 lakhs
Working capital: -T.C.I: Cost of Project: Rs 2185 lakhs
Return: 22.00%Break even: 44.00%
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Hospital 30 Bedded

A hospital is meant to treat patients suffering from various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity. Normally a teaching facilities or college is associated with a hospital. Hospitals provide the facilities of O.P.D. and admission for seriously ill seriously injured, seriously burnt and pregnant ladies, causalities etc. In the very beginning, there was government owned hospitals where one had to pay no money for treatment. Then, a private ward facility was started in the hospitals. The patient had to pay rent for a private room while medicines and doctors were available free of cost. The private ward helped the patient to avoid the untidiness of a general ward and noise etc. The patients, who were in a position to afford the room rent, were admitted to private rooms. The poor's, however, got admission in rushed general wards. The hospital industry in India, accounting for 80% of the total healthcare market, is witnessing a huge investor demand from both global as well as domestic investors. The hospital industry is expected to reach $ 132 bn by 2023 from $ 61.8 bn in 2017; growing at a CAGR of 16-17%. Indian healthcare sector is much diversified and is full of opportunities in every segment which includes providers, payers and medical technology. With the increase in the competition, businesses are looking to explore for the latest dynamics and trends which will have positive impact on their business. The Indian middle class is expected to grow the most with the workforce in the age group of 15 – 59 years of age set to reach 325 million by the year 2050. The demand for health services aided by higher disposable income, greater insurance penetration and improved awareness levels are factors which are set to be the main drivers of the healthcare boom. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Adani Hospitals Mundra Pvt. Ltd Ahalia Healthcare Ltd. Alchemist Hospitals Ltd. Alps Hospital Ltd. Apollo Rajshree Hospitals Pvt. Ltd. Asia Healthcare Devp. Ltd. Assam Hospitals Ltd. Aster D M Healthcare Ltd. B P Poddar Hospital & Medical Research Pvt. Ltd
Plant capacity: Special Ward Patients: 2 Patients / Day General Ward Patients: 16 Patients / Day Double Bedded Patients: 4 Patients / Day HDU/ICU Patients: 10 Patients / Day OPD Patients: 60 Patients / Day X-Rays: 10 Patients / Day EEG/EMG & PPlant & machinery: Rs 347 lakhs
Working capital: -T.C.I: Cost of Project: Rs 604 lakhs
Return: 20.00%Break even: 55.00%
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Liquid Glucose & Fructose from Broken Rice

Liquid glucose is a solution of glucose suspended in liquid and sold in jars or tubs. Many companies manufacture glucose in powdered form to which water can be added to make liquid glucose, to make transportation of this product easier. Liquid glucose is available from a variety of sources, depending on how one intends to use it. Medical suppliers sometimes carry it, as do some grocery stores, especially stores with a large baking section. This monosaccharide is produced through the processing of starches such as corn and wheat. Rice Fructose Syrup is very sweet with Fructose content ranging from 40-90%. As a substitute of sucrose, Rice Fructose syrup contains higher sweetness than sucrose and has wider applications. Commercially it is widely used in food, canned fruit, jam, dairy products, beverage, tobacco, cold drink, fruit juice, preserved fruit, wines, heath food, salad dressings, household seasonings and chemicals. High Fructose Rice Syrup can partially or totally replace sucrose in beverage production or food processing. Fructose is majorly used in the production of nutrition bars, soft moist cookies, pourable frozen juice concentrates and energy-reduced products. It is commercially available in syrup and crystalline forms. High fructose corn syrup, which is the major product segment in the market, is expected to experience reduced demand on account of growing concerns regarding obesity. Fructose syrups is the fastest growing product segment and expected to register a CAGR of 4.7% from 2017 to 2025 due to increased demand from the beverage manufacturing industry. The glucose syrup market is classified based on grade as food, Pharma, and others. The food-grade segment is anticipated to generate revenue of USD 1.4 billion by 2025. High demand for sweeteners in the confectionery grades and growth of the bakery industry are the key factors boosting the segment growth. Liquid Glucose is mainly used in Candy Confectionery and Sweet Making Pharmaceuticals, Flavoring etc. The demand in these regions is stable and drives the development of Liquid Glucose Market. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Kasyap Sweetners Ltd. Laxmi Starch Ltd. Gujarat Ambuja Proteins Ltd. Gulshan Polyols Ltd. K G Gluco Biols Ltd. Kamala Sugar Mills Ltd.
Plant capacity: Liquid Glucose : 112 MT / Day Fructose : 80 MT / Day Broken Rice Protein (Bye Product) : 8 MT / DayPlant & machinery: Rs 3936 lakhs
Working capital: -T.C.I: Cost of Project : Rs 5941 lakhs
Return: 26.00%Break even: 45.00%
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Geotextiles for Road and Construction

Geotextiles were used in roadway construction to stabilise roadways and their edges. These early geotextiles were made of natural fibres, fabrics or vegetation mixed with soil to improve road quality, particularly when roads were made on unstable soil. Recently have geotextiles been used and evaluated for modern road construction. Geotextiles today are highly developed products that must comply with numerous standards. Geotextiles should fulfill certain requirements like it must permit material exchange between air and soil without which plant growth is impossible, it must be penetrable by roots etc. and it must allow rain water to penetrate the soil from outside and also excess water to drain out of the earth without erosion of the soil. To obtain all these properties in geotextiles, the proper choice of textile fibre is important. The different synthetic fibers used in geotextiles are nylon, polyester, polypropylene while some natural fibres like ramie, jute etc. can also be used. The global geotextiles market is expected to be over $12 billion by 2024, growing at a rate of 5-7 per cent. Rapid urbanization in China, India and Brazil along with favorable government initiatives to improve infrastructure will favor the housing, transport, and construction and energy industries, thereby scaling up the size of the geotextiles industry. Increasing environmental concerns along with a shift in consumer trends towards green buildings and material is likely to positively influence industry growth. In India, the geotextiles market is expected to continue the momentum of double-digit growth on the back of a strong infrastructure push. Growing road construction in the country is one of the major factors expected to aid the geotextiles market. The railway sector is another fast emerging application area for geotextiles, as upcoming metro rail, bullet train and high speed train projects in the country are expected to fuel the demand for geotextiles. Geotextiles are being widely and increasingly used in the infrastructure sector to construct retaining walls and steep slopes, highways, airports, municipal landfill sites (under Central Pollution Control Board guidelines), for ground improvement and shore protection works, etc. With climate change and the increasing carbon footprint posing a huge challenge, geotextiles products offer sustainable solutions. The potential for the use of geotextiles is dependent on the soil type in a project area. Some of the areas where these materials can be used are in black cotton soils, coastal and delta regions, hilly terrain and in reinforced soil structures. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Parry Enterprises India Ltd. Skaps Industries India Pvt. Ltd. Strata Geosystems (India) Pvt. Ltd Techfab (India) Inds. Ltd. Terram Geosynthetics Pvt. Ltd. Maccaferri Environmental Solutions Pvt. Ltd.
Plant capacity: Geotextiles for Road & Construction: 2,934 Kgs / DayPlant & machinery: Rs 326 lakhs
Working capital: -T.C.I: Cost of Project: Rs 665 lakhs
Return: 28.00%Break even: 57.00%
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Corn Starch based Biodegradable Tableware

Biodegradable tableware, as the name suggests, are fully compostable and biodegradable; hence, they are widely used globally in order to reduce plastic waste and greenhouse emissions, such as methane emissions. This type of tableware can be made from sugarcane bagasse, bamboo, paper pulp, and other disposable material. These tableware are superior in strength and are environment friendly. Biodegradable tableware includes food containers and tableware such as bowls, plates, cups and meal trays, which decompose within 30 to 60 days after being discarded. Biodegradable corn starch tableware products are to use all tree-free materials, specifically, corn starch, consists of 90% of corn starch. 100% natural and healthy. Add certain water to corn starch and stir in a mixer machine, then fill certain amount of materials to the pressing machine and prototype by pressing machine, and then coating with waterproof membrane on product inner surface, and packaging after drying. Rising awareness regarding the ill effects of plastic tableware, awareness about the benefits of environmental friendly tableware, increasing adoption of non-toxic and petroleum free products, increasing disposable income and extending investment in research and development are some of the significant factors that are projected to result in the market growth. Additionally, the sustainability trend has led to the packaging industry to adopt a change in the materials used by them. These sustainability-centered initiatives and the need for change in packaging formats along with other prominent industry trends have been impacting the packaging industry. This is evolving consumer preferences, cost constraints, e-commerce, and favorable government regulations for permitting biodegradable tableware market which is further estimated to boost the market growth with notable CAGR during the forecast period 2020-2028. In recent years, a number of social events and international sport events have made efforts to popularize biodegradable cutlery. Manufacturers also have been coming out with exotic design. The biodegradable cutlery market have prospered on the back of these initiatives. Further, as the use of single-use plastics have been cutting flak from several quarters in various parts of the world, biodegradable cutlery is coming out as promising cost-effective options, feels investors in the market. Growing demand for disposable and inexpensive utensils in various emerging economies is catalyzing the rise in the biodegradable cutlery market. They have gathered traction in a range of large gatherings such as parties, rallies, and social events. In several parties and big events, the demand for reusable spoons and plates is fast gathering steam. Thus, due to demand it is best to invest in this project.
Plant capacity: Biodegradable Plate 9" Size (10 Pcs. Each Box): 6,000 Nos / Day Biodegradable Bowl 6" Size (10 Pcs. Each Box) : 800 Nos / Day Biodegradable Cup (10 Pcs. Each Box): 1,333.3 Nos / Day Biodegradable Lunch Box with Hinged Lid 650 ml (10 Pcs. Each Plant & machinery: Rs 40 lakhs
Working capital: -T.C.I: Cost of Project : Rs 159 lakhs
Return: 28.00%Break even: 65.00%
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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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