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.

Ready Mix Concrete
Ready Mix Concrete

Ready mix concrete is a modern trend of introduction in the Asian Countries. It is already introduced long before in the European Countries. It is new...

Capacity :

Ready Mix Concrete (M20): 240 Cu.Mt./Day

Plant and Machinery cost:

Rs 48 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

73.00

TCI :

Cost of Project: Rs. 229lakhs

Cost of Project :

22900000

Exercise Note Book
Exercise Note Book

Exercise books are widely known & vastly used as day-to-day products. Notebooks are available in the market in various sizes, shapes & pages and havin...

Capacity :

Exercise Note Books (17x27 cm.): 10000 Pcs./Day

Plant and Machinery cost:

Rs. 48 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

67.00

TCI :

Cost of Project: Rs86 lakhs

Cost of Project :

8600000

Nuts & Bolts (Hot Dip Galvanized)
Nuts & Bolts (Hot Dip Galvanized)

Nuts and Bolts are available in various sizes and shapes. The kind of the classification of bolts and nuts may broadly be those made by the cold and h...

Capacity :

Mild Steel Zinc Coated Bolts (DR M8-M18): 2310 MT/Annum Mild Steel Zinc Coated Nuts (DR M8-M30): 690 MT/Annum

Plant and Machinery cost:

Rs. 404 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

48.00

TCI :

Cost of Project: Rs. 897lakhs

Cost of Project :

897100000

E-Rickshaw Assembling
E-Rickshaw Assembling

E-Rickshaws are three wheel battery operated vehicles, which are considered as an upgrade to conventional rickshaws, and economically better than auto...

Capacity :

E Rickshaw: 4 Nos./Day

Plant and Machinery cost:

Rs. 28 lakhs

Working Capital :

-

Rate of Return (ROR):

24.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs. 323 lakhs

Cost of Project :

32300000

PVC Wires and Cables
PVC Wires and Cables

Cables are the source of carrying power and signal in power plants, refineries, process industries.PVC cables are extensively used for domestic home a...

Capacity :

PVC Wires and Cables: 10 Kmtrs./Day

Plant and Machinery cost:

Rs. 90 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

51.00

TCI :

Cost of Project : Rs. 444 lakhs

Cost of Project :

44400000

Toothbrush
Toothbrush

The toothbrush consists of a plastic handle and nylon bristles attached to the head of the brush. A toothbrush is a dental instrument used for cleanin...

Capacity :

Toothbrush: 15000 Nos./Day

Plant and Machinery cost:

Rs 74 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs. 191 lakhs

Cost of Project :

19100000

PET Bottle Recycling
PET Bottle Recycling

Polyethylene terephthalate or PET (also known as PETE) is one of the most common types of plastic. Most single-serve plastic bottles, including those...

Capacity :

Recycled PET Flakes: 8 MT/Day

Plant and Machinery cost:

Rs. 50 lakhs

Working Capital :

-

Rate of Return (ROR):

25.00

Break Even Point (BEP):

66.00

TCI :

Cost of Project: Rs. 233 lakhs

Cost of Project :

23300000

Plastic Battery Containers
Plastic Battery Containers

Battery containers made of molded plastic generally have internal partitions formed as integral parts of the bottom and side walls of the container an...

Capacity :

Plastic Battery Containers: 3500Sets/Day

Plant and Machinery cost:

Rs. 84 lakhs

Working Capital :

-

Rate of Return (ROR):

30.00

Break Even Point (BEP):

70.00

TCI :

Cost of Project : Rs119 lakhs

Cost of Project :

11900000

Mango Pickles Manufacturing Business
Mango Pickles Manufacturing Business

Mango Pickles Manufacturing Business. How to Start a Pickle Business. Mango Fruit Processing Industry Pickle making is a global culinary art; you...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Automobile Silencer for Two and Three wheelers
Automobile Silencer for Two and Three wheelers

Automobile Silencer is a device used to reduce the noise produced by the engine. Silencer is used in automobile vehicles to reduce the noise produced...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Solid Fuel Cake
Solid Fuel Cake

A hexamine fuel tablet is a form of solid fuel in tablet form. The tablets burn smokelessly, have a high energy density, do not liquefy while burning...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

PVC Insulated Winding Wires for Submersible Motors
PVC Insulated Winding Wires for Submersible Motors

Winding wires are insulated with a very superior grade of PVC compound to give it the necessary electrical strength and resistance to abrasion. The co...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

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