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.

E-Rickshaw (Electric tuk-tuks) Manufacturing Business
E-Rickshaw (Electric tuk-tuks) Manufacturing Business

E-Rickshaw (Electric tuk-tuks) Manufacturing Business. How to Start Electric Vehicle Assembling Industry E-Rickshaws are small vehicles, with thr...

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-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

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0.00

TCI :

-

Cost of Project :

0

Ginger Washing Plant
Ginger Washing Plant

Ginger is a tropical plant whose rhizome (popularly known as ginger root) is used most commonly for culinary and medicinal purposes. Gnarled and knott...

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Plant and Machinery cost:

-

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Rate of Return (ROR):

1.00

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0.00

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0

Newspaper Printing
Newspaper Printing

Newspaper, publication usually issued daily, weekly, or at other regular times that provides news, views, features, and other information of public in...

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1.00

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0.00

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0

Low Cost Airlines
Low Cost Airlines

An airline is a company that provides air transport services for traveling passengers and freight. Airlines utilize aircraft to supply these services...

Capacity :

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Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

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0.00

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-

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0

Hotel with Discotheque
Hotel with Discotheque

The Indian hotel industry has emerged as one of the key industries driving the growth of the services sector and, thereby, the Indian economy. The hot...

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1.00

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Extra Neutral Alcohol (ENA)
Extra Neutral Alcohol (ENA)

Extra Neutral Alcohol is a food grade alcohol. The product is used as a basic alcohol in distilled spirits like Vodka, Malawi Gin etc. In the pharmace...

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1.00

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0.00

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0

Glass Blocks
Glass Blocks

Glass blocks or bricks are architectural products that allow light to pass through, while also providing a level of privacy or obscuration. Glass bloc...

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1.00

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0.00

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0

Hosiery Products (Vest, Briefs, T-Shirts & Socks)
Hosiery Products (Vest, Briefs, T-Shirts & Socks)

Hosiery also referred to as legwear, describes the garments, worn directly on the feet and legs. The term hosiery is also being used for the type of k...

Capacity :

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1.00

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0.00

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E-Rickshaw Assembling
E-Rickshaw Assembling

Electric Rickshaw, in short, also called as E-Rickshaw. This kind of transport vehicle are famous in many countries, this is eco-friendly vehicles for...

Capacity :

1,200 Nos per Annum

Plant and Machinery cost:

29 Lakhs

Working Capital :

-

Rate of Return (ROR):

24.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: 324 Lakhs

Cost of Project :

32400000

Noodles, Vermicelli, Macaroni and Spaghetti Production Business
Noodles, Vermicelli, Macaroni and Spaghetti Production Business

Noodles, Vermicelli, Macaroni and Spaghetti Production Business. Start a Profitable Pasta Product Manufacturing Industry Macaroni is a traditiona...

Capacity :

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1.00

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Craft Beer
Craft Beer

A microbrewery or craft brewery is a brewery that produces small amounts of beer (or sometimes root beer). The main raw material are Malt, yeast, wate...

Capacity :

Craft Beer: 10000Ltrs./Day

Plant and Machinery cost:

Rs. 522 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs.1040lakhs

Cost of Project :

1040100000

PVC Conduit Pipes
PVC Conduit Pipes

PVC material is difficult to ignite and self-extinguishing (when flame removed) property/characteristic make it important thermoplastic.PVC Conduit pi...

Capacity :

PVC Conduit Pipes: 10MT/Day

Plant and Machinery cost:

Rs. 103 lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

35.00

TCI :

Cost of Project: Rs1300 lakhs

Cost of Project :

1300000

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