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.

Fiber Glass Tape
Fiber Glass Tape

Fiber Glass Tape consists of numerous micro glass fibers that are braided into the form of tape. Because of these tape’s superb durability and s...

Capacity :

Fiberglass Tape 24,000 Mtrs. Per Day

Plant and Machinery cost:

190

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

47

TCI :

Cost of Project :

442

Ferrotitanium Using Induction Furnace
Ferrotitanium Using Induction Furnace

The production of Ferrotitanium, an alloy of titanuim and iron, has been greatly improved by the introduction of induction furnaces. The combination o...

Capacity :

Ferrotitanium 70 2,500,000 Kgs Per Annum Ferrotitanium 40 2,500,000 Kgs Per Annum

Plant and Machinery cost:

1200

Working Capital :

N/A

Rate of Return (ROR):

27

Break Even Point (BEP):

35

TCI :

Cost of Project :

6000

Monocrystalline Silicon Ingots
Monocrystalline Silicon Ingots

Monocrystalline Silicon Ingots are cylindrical, single-crystal structures composed of silicon that are formed in a process that guarantees uniform lat...

Capacity :

Monocrystalline Silicon Ingots 400 Kgs Per Day

Plant and Machinery cost:

178

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

45

TCI :

Cost of Project :

555

Urea From Natural Gas
Urea From Natural Gas

Urea from Natural Gas is a fantastic and new method for the production of fertilizer. In this model, the production of urea is dependent on the natura...

Capacity :

Urea Fertilizer 100 MT Per Day

Plant and Machinery cost:

1598

Working Capital :

N/A

Rate of Return (ROR):

26

Break Even Point (BEP):

62

TCI :

Cost of Project :

3300

Setup Cenosphere Processing Plant from Fly Ash
Setup Cenosphere Processing Plant from Fly Ash

Processing of cenospheres delivered from fly ash is the collection and refinement process of cenospheres from the fly ash post the extraction of coal/...

Capacity :

Cenosphere 5,000 MT per annum

Plant and Machinery cost:

179

Working Capital :

N/A

Rate of Return (ROR):

29

Break Even Point (BEP):

63

TCI :

Cost of Project :

629

Start Business of Sorbitol
Start Business of Sorbitol

Sorbitol is a sugar alcohol that is used as a sweetener in a variety of foods and drinks. Sorbitol is lower in calories compared to other sugars and i...

Capacity :

Sorbitol 6 MT Per Day

Plant and Machinery cost:

431

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

47

TCI :

Cost of Project :

790

Coking Coal Washing Unit
Coking Coal Washing Unit

Washing of coking coal involves the removal of impurities including ash and sulfur from coal to improve its quality. The washing of coking coal is imp...

Capacity :

Coal Washing (Job Work) 5,000 MT Per Day By Product (Waste Coal) 1,000 MT Per Day

Plant and Machinery cost:

1600

Working Capital :

N/A

Rate of Return (ROR):

34

Break Even Point (BEP):

49

TCI :

Cost of Project :

6000

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

Compressed Bio Gas (CBG) is a renewable energy source that can be produced through the anaerobic digestion of a wide range of organic materials includ...

Capacity :

Compressed Bio Gas 750 MT Per Annum By Product Liquid Fertilizer 7,800 MT Per Annum By Product Dry Solid Fertilizer 3,000 MT Per Annum

Plant and Machinery cost:

421

Working Capital :

N/A

Rate of Return (ROR):

28

Break Even Point (BEP):

56

TCI :

Cost of Project :

950

Biodegradable and Edible Tableware Products (for animals) using Rice Husk
Biodegradable and Edible Tableware Products (for animals) using Rice Husk

Innovations in tableware have led to the development of edible and biodegradable materials. Because they quickly and completely break down into the ea...

Capacity :

Biodegradable and Edibile Tableware Products 72,000 Pcs Per Day (Plate, Bowl & Cups)

Plant and Machinery cost:

341

Working Capital :

N/A

Rate of Return (ROR):

31

Break Even Point (BEP):

65

TCI :

Cost of Project :

583

Integrated Plant of Ethylene Oxide from Ethylene, Ethanolamine (MEA), Diethanolamine (DEA), Glycol Ether
Integrated Plant of Ethylene Oxide from Ethylene, Ethanolamine (MEA), Diethanolamine (DEA), Glycol Ether

Ethylene Oxide Made from Ethylene There is a gas, called ethylene oxide, which is a colorless compound, is highly flammable, and is sweet smelling....

Capacity :

Ethylene Oxide (Net) 400 MT Per Annum Monoethanolamine (MEA) 1,583 MT Per Annum Diethanolamine (DEA) 754 MT Per Annum Monoethylene Glycol Ether 1,069 MT Per Annum Diethylene Glycol Ether 1,592 MT Per Annum by Product 252 MT Per Annum

Plant and Machinery cost:

4400

Working Capital :

N/A

Rate of Return (ROR):

21

Break Even Point (BEP):

56

TCI :

Cost of Project :

6500

Biomass Pellets from Bio Waste
Biomass Pellets from Bio Waste

Biomass pellets are manufactured from agricultural waste, specifically paddy straw and peanut shells. These waste products are compressed into small,...

Capacity :

Biomass Pellets (6mm to 10mm) 132 MT Per Day

Plant and Machinery cost:

438

Working Capital :

N/A

Rate of Return (ROR):

24

Break Even Point (BEP):

49

TCI :

Cost of Project :

1430

Instant Tea and Coffee
Instant Tea and Coffee

An Overview of Instant Tea and Coffee Newer beverage preservation technologies has resulted in Instant Tea and Coffee. The fundamental steps of pre...

Capacity :

Black Instant Masala Tea 800 Packs Per Day Green Instant Tea 800 Packs Per Day Regular Instant Coffee 800 Packs Per Day Instant Cappuccino 800 Packs Per Day Flavour Instant Coffee 800 Packs Per Day

Plant and Machinery cost:

143

Working Capital :

N/A

Rate of Return (ROR):

31

Break Even Point (BEP):

49

TCI :

Cost of Project :

530

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