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.

Please choose a project below related to this category.

Porcelain Insulator Manufacturing Industry
Porcelain Insulator Manufacturing Industry

Porcelain Insulator Manufacturing Industry. Production of Ceramic Electrical Insulator Electric Insulator Market worth $13.34 billion by 2023 An...

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Mosquito Repellent Liquid Manufacturing Industry
Mosquito Repellent Liquid Manufacturing Industry

Mosquito Repellent Liquid Manufacturing Industry. Mosquito Repellent Industry. Production of Mosquito Repellent Liquidator Liquid repellents are...

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PVC Conduit Pipes Manufacturing Business
PVC Conduit Pipes Manufacturing Business

PVC Conduit Pipes Manufacturing Business. Electrical PVC Pipe Production Electrical Conduit Pipe Market is projected to register a CAGR of 3.5% by 2...

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Wood Plastic Composite (WPC) Manufacturing Business
Wood Plastic Composite (WPC) Manufacturing Business

Wood Plastic Composite (WPC) Manufacturing Business. Start a Plastic Wood Composite Unit. WPC Board Production Wood Plastic Composite is a hybrid...

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Rate of Return (ROR):

1.00

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Puffed Rice (Muri) Manufacturing Business
Puffed Rice (Muri) Manufacturing Business

Puffed Rice (Muri) Manufacturing Business. Production of Puffed Food (Kurmura, Murmura, Muri). Rice Processing and Value Added Products Muri is t...

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Business Opportunities in Tourism and Hospitality Sector
Business Opportunities in Tourism and Hospitality Sector

Business Opportunities in Tourism and Hospitality Sector. Setting Up a 5 Star Hotel. Rising Opportunities in India's Hospitality Industry Hotels...

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Essential Oils Extraction and Manufacturing Industry
Essential Oils Extraction and Manufacturing Industry

Essential Oils Extraction and Manufacturing Industry. Jasmine and Tuberose Oil Extraction Business. Essential Oils from Flower Crops An essential...

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Disposable Plastic Syringes
Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized...

Capacity :

Disposable Plastic Syringes: 460 Boxes/Day

Plant and Machinery cost:

Rs. 115 lakhs

Working Capital :

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Rate of Return (ROR):

18.00

Break Even Point (BEP):

67.00

TCI :

Cost of Project: Rs. 289 lakhs

Cost of Project :

28900000

Cashew Nut Processing Unit
Cashew Nut Processing Unit

The cashew nut is a popular dessert nut, eaten out of hand, with other mixed nuts and used in baking and confections. Sixty percent of cashews are con...

Capacity :

Cashew Nut Processing Unit: 20 MT/Day

Plant and Machinery cost:

Rs. 155 lakhs

Working Capital :

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Rate of Return (ROR):

31.00

Break Even Point (BEP):

62.00

TCI :

Cost of Project: Rs. 750 lakhs

Cost of Project :

75000000

LPG Bottling Plant
LPG Bottling Plant

LPG cylinder filling plants vary considerably in size, complexity and layout. The type and size depends on such factors as maximum potential throughpu...

Capacity :

LPG Cylinders (5 Kgs Size): 1360 Cylinders/Day LPG Cylinders (14.2 Kgs Size): 1000Cylinders/Day LPG Cylinders (19 Kgs Size): 1000 Cylinders/Day

Plant and Machinery cost:

Rs. 113 lakhs

Working Capital :

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Rate of Return (ROR):

27.00

Break Even Point (BEP):

35.00

TCI :

Cost of Project Rs. 984lakhs

Cost of Project :

98400000

IV Fluids (BFS Technology)
IV Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids...

Capacity :

IV Fluids (500 ml Bottle): 49600 Pcs./Day

Plant and Machinery cost:

Rs. 1954 lakhs

Working Capital :

-

Rate of Return (ROR):

25.00

Break Even Point (BEP):

52.00

TCI :

Cost of Project: Rs. 2756 lakhs

Cost of Project :

275600000

Red Oxide Primer From Mill Scale
Red Oxide Primer From Mill Scale

Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall...

Capacity :

Red Oxide Primer (Each Packed in 20 Ltrs Container): 1000 Packs/Day Red Oxide Primer (Each Packed in 5 Ltrs Container): 4000 Packs/Day

Plant and Machinery cost:

Rs. 412 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

59.00

TCI :

Cost of Project : Rs1247 lakhs

Cost of Project :

124700000

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