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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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Spices (Turmeric Powder, Red Chilli Powder, Dhaniya Powder, Garam Masala, Sabji Masala, Popcorn Masala)

Spices impart aroma, color and taste to food preparations. The volatile oils from spices give the aroma and the oleoresins impart the taste. Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. A closely related term, ‘herb’, is used to distinguish plant parts finding the same uses but derived from leafy or soft flowering parts. The two terms may be used for the same plants in which the fresh leaves are used as herbs, while other dried parts are used as spices, e.g. coriander, dill. India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. Traditionally, spices in India have been grown in small land holdings, with organic farming gaining prominence in recent times. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices. As a whole you can invest in this project without risk and earn profit. Few Indian major players are as under • M V J Spices (India) Pvt. Ltd. • Paras Spices Pvt. Ltd. • Spicer India Pvt. Ltd. • Spices (India) Ltd. • Spices Valley Estates Ltd. • Sunrise Foods Pvt. Ltd. • Suruchi Spices Pvt. Ltd.
Plant capacity: Turmeric Powder 100 Kgs. /Day Red Chilli Powder 100 Kgs. /Day Dhaniya Powder100 Kgs. /Day Garam Masala 100 Kgs. /Day Subji Masala100 Kgs. /Day Popcorn Masala100 Kgs. /Day Plant & machinery: Rs 12 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 120 lakhs
Return: 27.00%Break even: 56.00%
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I.V. Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids must be sterile to protect patients from injury, and there are a number of different types available for use. Fluids are given when someone's body fluid volume falls. There are a number of things which can cause a drop in fluid volume. Vomiting and diarrhea are a classic example, which is why people are encouraged to drink fluids when they are sick, to keep their fluid volume stable. Intravenous fluids can also be used as a route of medication administration. The Indian pharmaceutical industry is the fourth largest in the world in terms of volume of output and thirteenth in domestic demand. However, the Indian industry, valued at USD 17 bn in represented just over 1% of the global pharmaceutical industry (USD 1700 bn) in value terms. The domestic market is estimated at Rs 680 bn. India has the world's third largest active pharmaceutical ingredients (API) for the industry valued at a little less than USD 2 bn. These new business streams would help growth in future earnings. Intravenous (IV) fluids market in India is around Rs. 3,000 crore growing at healthy rate of around 15-20 per cent a year due to its essential requirement in nature. Which facilitates the development of new technologies and ensure a high quality product. Few Indian major players are as under • Abaris Healthcare Pvt. Ltd. • Ahlcon Parenterals (India) Ltd. • Axa Parenterals Ltd. • Infutec Healthcare Ltd. • Kokad Pharmaceutical Laboratories Ltd. • Parenteral Surgicals Ltd. • Punjab Formulations Ltd.
Plant capacity: I.V. Fluid (500 ml.): 48000 Bottles /DayPlant & machinery: Rs 252 lakhs
Working capital: N/AT.C.I: Cost of Project: Rs 833 lakhs
Return: 29.00%Break even: 52.00%
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Floral Foam

Floral foam is a dense, lightweight and porous material that can be cut into virtually any shape. It holds its shape when wet and provides both water and support to cut flower arrangements. The density of floral foam means that it holds large quantities of water, which in turn, increases the life of flowers. It also provides increased support to the flower stems, giving more control with flower arrangements. Floral foam originally appeared as a green brick. Floral foams have become a permanent staple in the art of flower arrangement. By providing trouble-free support for flowers, many designs have been made achievable, giving flower arranging artists more room to come up with every design that they can imagine. Made of phenol material, floral foams are used as a base for mostly every conceivable design. Government of India has identified floriculture as a sunrise industry and accorded it 100% export oriented status. Owing to steady increase in demand of flower floriculture has become one of the important Commercial trades in Agriculture. Indian floriculture industry comprises the florist trade, nursery plants, bulb and seed production, apart from production of micro propagation material, and extraction of essential oils from flowers. The industry has been growing at a CAGR of 25 percent over the past decade. As a whole any entrepreneur can venture in this project without risk and earn profit.
Plant capacity: 12000 Pcs./DayPlant & machinery: 68 lakhs
Working capital: -T.C.I: Cost of Project : Rs 270 lakhs
Return: 27.00%Break even: 46.00%
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Water Based Acrylic Adhesive

The term “adhesive” refers to a viscoelastic material which adheres instantaneously to most substrates with the application of slight pressure and remains permanently tacky. A polymer is a pressure-sensitive adhesive within the meaning of the term as used herein if it has the properties of a pressure-sensitive adhesive per se or functions as a pressure-sensitive adhesive by admixture with tackifiers, plasticizers or other additives. Preferred alkyl acrylates which may be used to practice the invention have up to about 18 carbon atoms in the alkyl group, preferably from about 4 to about 10 carbon atoms in the alkyl group. ? With the Indian market being dominated by a few participants, price and the formulation of products are the two key differentiators in the water-based adhesive market. In response, large suppliers are spending more on branding to draw customers by increasing their awareness. World demand to rise 7.1% annually through 2018 Global demand for emulsion polymers used in adhesives is forecast to rise 7.1 percent per year to 17.3 million metric tons (dry basis) in 2018. As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian major players are as under • D H Resins & Chemicals Pvt. Ltd. • Golden Chem-Tech Ltd. • Henkel Adhesives Technologies India Pvt. Ltd. • Jyoti Resins & Adhesives Ltd. • Mccoy Soudal Sealants Adhesives & Foams Pvt. Ltd. • N G Adhesive Inds. Pvt. Ltd.
Plant capacity: 2000 Kgs./Day Plant & machinery: 47 lakhs
Working capital: -T.C.I: Cost of Project: Rs 251 lakhs
Return: 29.00%Break even: 53.00%
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Pre-Mix and Animal Feed(Poultry and Cattle)

Animal production has been taking place over a long time, with the availability of compound feed being only a relatively recent innovation. This is a feed which is designed to provide the animals' daily requirement of all known nutrients, and no more, and is intended to obtain maximum levels of production with minimum wastage of nutrients and at minimum feasible cost. Compound feed mills may be linked to a source of raw materials, such as a wheat mill or oilseed crushing plant; to a market outlet, such as a poultry or dairy enterprise; or they may be independent. Feed Premix Market size is projected to exceed USD 10.5 billion by 2023, at more than 2.9% CAGR. Rising consumer awareness about product health benefits may drive premix market. Global poultry feed premix market is expected to exceed over USD 2.1 billion by 2023, at more than 3.5% CAGR. Global aqua feed premix market is projected to exceed USD 400 million by 2023, at more than 4% CAGR. Consumption of fish and fish products is high in the aquaculture industry. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Amalgam Nutrients & Feeds Ltd. • Amrit Feeds Ltd. • Anmol Feeds Pvt. Ltd. • Annam Feeds Ltd. • Avanti Feeds Ltd. • Baramati Cattlefeeds Pvt. Ltd.
Plant capacity: Cattle Feed: 64 MT/Day Poultry Feed: 32 MT/Day Pre-Mix Feed: 4 MT/DayPlant & machinery: 133 lakhs
Working capital: -T.C.I: Cost of Project: Rs 543 lakhs
Return: 68.00%Break even: 37.00%
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Dairy Farming

Dairy farming is a class of agriculture for long-term production of milk, which is processed for eventual sale of a dairy product. Dairying is an important source of subsidiary income to small/marginal farmers and agricultural laborers. The share of livestock product is estimated at 21% of total agriculture sector. Milk production alone involves more than 70 million producers, each raising one or two cows/buffaloes primarily for milk production. In addition to milk, the manure from animals provides a good source of organic matter for improving soil fertility and crop yields. India is the world’s largest milk producer, accounting for more than 13% of world’s total milk production. As it is the world’s largest consumer of dairy products, but consuming almost 100% of its own milk production. It is expected that the world milk production will rise to 867 MMT by 26 per cent from current 714 MMT. However, as per the current CAGR of 4 per cent and optimistic projection of 4.5 per cent, India`s milk production is estimated to touch 180 million MT by 2020. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Amrut Industries Ltd. • Anmol Dairy Ltd. • Britannia Industries Ltd. • G R B Dairy Foods Pvt. Ltd. • Haryana Milk Foods Ltd. • Indiana Dairy Specialities Ltd.
Plant capacity: Cow Milk (Ltrs.): 756000 Units /Annum Manure (MT): 1080 Units /Annum Calf (Nos.): 126 Units /AnnumPlant & machinery: 47 lakhs
Working capital: -T.C.I: Cost of Project: Rs 529 lakhs
Return: 21.00%Break even: 50.00%
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Pan Masala

Pan Masala is a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco, essence and other ingredients. It is an agricultural product with herbal properties, also available in hygienic pack and pouches. The ingredients in pan masala vary widely, depending on personal taste and region. Fennel seeds are often key ingredients, since they tend to leave the mouth with a fresh feeling, and it is also possible to find cinnamon, cardamom, lime, menthol, areca nuts, betel nuts, and various other ingredients. India tops the list of smokeless tobacco users in the world with nearly 83 per cent consumers. Indians are so addicted to flavoured tobacco — pan masala and gutkha to be precise — that despite the ban on its manufacture and sale in 11 states so far, consumers are still getting hold of their daily fix, courtesy contraband sales. Popular pan masala brand Rajnigandha, produced by Dharampal Satyapal (DS) Group, has 65 per cent market share. Dharampal Satyapal, with sales of Rs 1,600 crore, is headquartered in Noida. This facilitates the development of new technologies and ensures a high quality product. Few Indian major players are as under • Alliance One Inds. India Pvt. Ltd. • Ashok & Company Pan Bahar Ltd. • Baba Global Ltd. • Dharampal Premchand Ltd. • Dharampal Satyapal Ltd. • Dhariwal Industries Pvt. Ltd. • Gogeneni Tobaccos Ltd.
Plant capacity: Sada Pan Masala : 165 Kgs /Day Meetha Pan Masala: 165 Kgs /Day Zarda Pan Masala: 170 Kgs /DayPlant & machinery: Rs 12 lakhs
Working capital: -T.C.I: Cost of Project : Rs 191 lakhs
Return: 27.00%Break even: 54.00%
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Fish and Prawn Feed

The production of fish meal from fish offal and surplus fish benefits both the national economy and the fisherman and should not be regarded as a salvage operation. If the raw material is of an only nature, for example herrings, fish oil is recovered as an additional product and finds a variety of outlets, much of it going, after suitable refining treatment, into edible fat mixtures. Prawns (shrimps) are produced from the sea, estuaries, brackish water lakes and fresh water areas, both by fishing as well as by farming. Prawn farming is nothing but culture of prawn in an enclosed water body. There are several varieties of shrimps and only four of them are considered to be viable for farming at present in India. Fish farmers in India have increased access to high-quality feed this year, as Cargill has opened its first feed plant dedicated to fish species in the country. Aqua Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’ states that the market is predicted to expand at an 11.40% CAGR during the period between 2013 and 2019. Seafood production has been surging in India at the rate of 4% annually, since 2012, and the aquafeed demand in the country is also anticipated to be doubled, by 2022. Entrepreneurs who invest in this project will be successful. Few Indian major players are as under • Avanti Feeds Ltd. • C P Aquaculture (India) Pvt. Ltd. • Grobest Feeds Corpn. (India) Pvt. Ltd. • Growel Feeds Pvt. Ltd. • Kerala Feeds Ltd. • Kwality Animal Feeds Pvt. Ltd.
Plant capacity: Fish Feed: 30 MT/Day Prawn Feed: 30 MT/DayPlant & machinery: 84 lakhs
Working capital: -T.C.I: Cost of Project : Rs 390 lakhs
Return: 28.00%Break even: 60.00%
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Pre-Stressed Concrete Electric Poles

PSC poles stands for pre-stressed concrete. These are highly durable and strong PSC Poles fabricated from excellent quality concrete material. These poles are used extensively in electrical industry, for establishing electrical connections and fittings. Pre-stressing is generally a way to overcome concrete weakness in tension. Generally, the concrete undergoes compression on top flange and tension at bottom flange. The unique characteristics of pre-stressed concrete allow predetermined, engineering stresses to be placed in members to counteract stresses that occur when the unit is subjected to service loads. The demand for prestressed (Pre-cast/Reinforced) concrete-cement (PCC) poles directly depends on the growth of electric power sector, because these poles are solely meant for overhead transmission and distribution of power to consumer units. The Government of India is taking a number of steps and initiatives like 10-year tax exemption for solar energy projects, etc., in order to achieve India's ambitious renewable energy targets of adding 175 GW of renewable energy, including addition of 100 GW of solar power, by the year 2022. Thus, due to demand it is best to invest in this project. Few Indian major players are as under • Arvind Kumar Nand Kumar Ltd. • Ashoka Pre-Con Pvt. Ltd. • Concrete Udyog Ltd. • Genus Power Infrastructures Ltd. • Sainik Finance & Inds. Ltd. • Shri Krsna Urja Project Pvt. Ltd.
Plant capacity: Pre-Stressed Concrete Electric Poles: 200 Nos./DayPlant & machinery: 158 lakhs
Working capital: -T.C.I: Cost of Project: Rs 462 lakhs
Return: 27.00%Break even: 58.00%
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Polyanionic Cellulose (PAC)

PAC, short for polyanionic cellulose, is a kind of water-soluble cellulose ether derivative made from natural cellulose by chemical modification, and an important kind of water-soluble cellulose ether. Polyanionic Cellulose polymer has excellent heat-resistant stability, salt tolerance and strong antibacterial activity. PAC-HV is a cellulose derivative product, white to creamish coloured free flowing fine powder. It is used for water-based drilling fluids. The PAC is having good demand in the domestic & international markets. The present domestic market size is about Rs. 300 crores annually & likely to grow at 9% per annum. The major industries in domestic market include ONGC & OIL. The consumption of these two companies put together is 35 million tons per year & growing at 4% per annum. As a whole entrepreneur can venture in this field will be successful. Few Indian major players are as under • Aditya Chemicals Ltd. • Aranthaangi Chemical Products Ltd. • Citurgia Biochemicals Ltd. • Fimakem India Ltd. • Gulshan Sugars & Chemicals Ltd. • Lime Chemicals Ltd. • Searsole Chemicals Ltd.
Plant capacity: Polyanionic Cellulose (PAC): 3 MT /DayPlant & machinery: 113 lakhs
Working capital: -T.C.I: Cost of Project : Rs 418 lakhs
Return: 24.00%Break even: 58.00%
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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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