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.

A Business Plan For Surgical Cotton and Cotton Balls
A Business Plan For Surgical Cotton and Cotton Balls

Surgical cotton, or absorbent cotton wool, undergoes purification and sterilization to ensure it’s safe and effective in medical practice. More...

Capacity :

Surgical Cotton1 0,500 Kgs Per Day Cotton Balls 4,500 Kgs Per Day

Plant and Machinery cost:

1100

Working Capital :

N/A

Rate of Return (ROR):

29

Break Even Point (BEP):

51

TCI :

Cost of Project :

2600

Setup Plant of Silicon Metal
Setup Plant of Silicon Metal

Silicon metal is a semi-metal or metalloid that is one of the purest forms of silicon. This is different from most other silicon compounds that are us...

Capacity :

Silicon Metal 25,000 Kgs Per Day

Plant and Machinery cost:

430

Working Capital :

N/A

Rate of Return (ROR):

32

Break Even Point (BEP):

68

TCI :

Cost of Project :

1696

Manufacturing of Wooden Pencils
Manufacturing of Wooden Pencils

Wooden pencils provide a unique and intimate writing experience. Pencils are simple and traditional, consisting of a wooden case that encloses a core...

Capacity :

Wooden Pencils 69,444 Gross Per Day

Plant and Machinery cost:

1000

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

47

TCI :

Cost of Project :

2400

Opportunity In  Spices Business (Red Chili, Turmeric, Coriander, Cumin & Garam Masala)
Opportunity In Spices Business (Red Chili, Turmeric, Coriander, Cumin & Garam Masala)

Spices originate in the bark, seeds, roots, fruits, or flower buds of certain plants Some spices enhance the flavor of food, while other spices enhanc...

Capacity :

Chilly 2,400 Kgs. Per Day Turmeric 1,000 Kgs. Per Day Coriander 520 Kgs. Per Day Cumin 480 Kgs. Per Day Garam Masala 80 Kgs. Per Day Chat Masala 80 Kgs. Per Day Sambhar Masala 80 Kgs. Per Day Curry Powder 80 Kgs. Per Day Punjabi Chole Masala 80 Kgs. Per Day

Plant and Machinery cost:

150

Working Capital :

N/A

Rate of Return (ROR):

33

Break Even Point (BEP):

65

TCI :

Cost of Project :

418

Compressed Bio Gas Using Napier Grass
Compressed Bio Gas Using Napier Grass

Renewable energy sources are becoming more popular across the world and can now include compressed bio gas made from Napier grass. Napier grass is a t...

Capacity :

CBG 5 TPD by Product Liquid Fertilizer 53 TPD By Product Dry Solid Fertilizer 21 TPD

Plant and Machinery cost:

1100

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

45

TCI :

Cost of Project :

2800

Start Rice Milling Plant
Start Rice Milling Plant

The process of milling rice into edible rice for the market is the most time intensive process for rice. The target product of this process is whit ri...

Capacity :

Milled Rice 24,000 MT Per Annum Rice Bran 1,860 MT Per Annum Rice Husk 6,480 MT Per Annum

Plant and Machinery cost:

173

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

52

TCI :

Cost of Project :

824

A Business Plan for Latex Mattress
A Business Plan for Latex Mattress

Natural latex mattresses have a distinctive core material, which is sourced from the sap of the rubber tree (Hevea brasiliensis). After processing (us...

Capacity :

Capacity: Latex Mattress Size: 75 x 72 x 5 inch 90 Nos. Per Day

Plant and Machinery cost:

204

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

67

TCI :

Cost of Project :

626

Start Milk Processing Unit
Start Milk Processing Unit

Raw milk undergoes several processes in a Milk Processing Unit (MPU) to produce a variety of dairy byproducts like ghee, paneer, and milk powder. MPUs...

Capacity :

Pesturised Milk :- Full Cream 9,000 Nos Per Annum Pesturised Milk :- Low Cream 9,000 Nos Per Annum Ghee 1,500 Nos Per Annum Curd 8,100 Nos Per Annum Butter Milk 3,000 Nos Per Annum Paneer 1,650 Nos Per Annum Cheese 900 Nos Per Annum Ice Cream 2,400 Nos Per Annum Milk Powder 3,000 Nos Per Annum Cheese Powder 654 Nos Per Annum

Plant and Machinery cost:

22000

Working Capital :

N/A

Rate of Return (ROR):

27

Break Even Point (BEP):

41

TCI :

Cost of Project :

29400

Setup Plant Of Glass Fiber Reinforced Polymer (GFRP) Rebar
Setup Plant Of Glass Fiber Reinforced Polymer (GFRP) Rebar

Glass Fiber Reinforced Polymer (GFRP) rebar is an innovative strengthened composite. Glass fibers are embedded in a polymer matrix, making GFRP rebar...

Capacity :

Glass Fibre Reinforced Polymer (GFRP) Bar (Size 8mm to 36 mm) 6 MT Per Day

Plant and Machinery cost:

211

Working Capital :

N/A

Rate of Return (ROR):

27

Break Even Point (BEP):

52

TCI :

Cost of Project :

549

Start Business Of Steel Containers (Cargo Containers)
Start Business Of Steel Containers (Cargo Containers)

DURAMAX Steel Range Intermodal Trading Cargo, or intermodal containers, can easily transport cargo across multiple surfaces without having to unload a...

Capacity :

Cargo Containers (Size 20 Feet) 40,000 Nos Per Annum

Plant and Machinery cost:

300

Working Capital :

N/A

Rate of Return (ROR):

32

Break Even Point (BEP):

50

TCI :

Cost of Project :

3105

Pharmaceutical Unit (Paracetamol Tablets)
Pharmaceutical Unit (Paracetamol Tablets)

The analgesic and antipyretic called paracetamol is more commonly known in the US and Canada as acetaminophen. One of the most ubiquitous and widely u...

Capacity :

Paracetamol Tablets (500mg) 25,000 No. of Strips Per Day

Plant and Machinery cost:

37

Working Capital :

N/A

Rate of Return (ROR):

34

Break Even Point (BEP):

51

TCI :

Cost of Project :

213

Poultry Farming with Manure Treatment & Egg Tray Production
Poultry Farming with Manure Treatment & Egg Tray Production

Sustainable and Eco-Friendly Agriculture Integrated System involves poultry farming complemented with waste management and egg tray production. Breedi...

Capacity :

Eggs Production 40,000 Nos. Per Day Spent Hens 1,000 Nos. Per Day Manure Pellets 3,500 Nos. Per Day Egg Tray Production 10,000 Nos. Per Day

Plant and Machinery cost:

324

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

54

TCI :

Cost of Project :

684

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