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.

Jute Shopping Bags
Jute Shopping Bags

Jute fabrics are strong, durable, light, color fast, attractive and cheaper than most fabrics made from other fibers.There is very simple sewing machi...

Capacity :

Jute Shopping Bags: 2400Nos/Day

Plant and Machinery cost:

Rs. 4 lakhs

Working Capital :

-

Rate of Return (ROR):

32.00

Break Even Point (BEP):

82.00

TCI :

Cost of Project : Rs. 22 lakhs

Cost of Project :

2200000

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. 292 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs. 1016 lakhs

Cost of Project :

101600000

Cold Storage
Cold Storage

A cold storage is a temperature-controlled supply chain network, with storage and distribution activities carried out in a manner such that the temper...

Capacity :

Cold Storage (Fruits, Vegetables, Pulses & Spices Store): 5000 MT

Plant and Machinery cost:

Rs. 120 lakhs

Working Capital :

-

Rate of Return (ROR):

18.00

Break Even Point (BEP):

54.00

TCI :

Cost of Project: Rs665 lakhs

Cost of Project :

66500000

Solar Panel
Solar Panel

A solar panel is a collection of solar cells.Solar panel refers either to a photovoltaic module, a solar thermal energy panel, or to a set of solar ph...

Capacity :

Solar Panel: 25 MW

Plant and Machinery cost:

Rs. 161 lakhs

Working Capital :

-

Rate of Return (ROR):

54.00

Break Even Point (BEP):

28.00

TCI :

Rs.804 lakhs

Cost of Project :

80400000

Solar Power Plant
Solar Power Plant

Solar power is one of the most promising renewables. It is reliable and less vulnerable to changes in seasonal weather patterns. Hydrogen, in the capa...

Capacity :

Solar Power: 1 MW

Plant and Machinery cost:

Rs. 411 lakhs

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

1.00

TCI :

Cost of Project: Rs.811 lakhs

Cost of Project :

81100000

M S Billets
M S Billets

Billets A semi-finished product obtained by forging, rolling or continuously casting, usually square (not exceeding 125 mm×125 mm in cross-section) wi...

Capacity :

M.S. Billets (Size 80x80 mm to 140x140 mm): 180 MT/Day

Plant and Machinery cost:

Rs. 1565 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

63.00

TCI :

Cost of Project: Rs. 3343 lakhs

Cost of Project :

334300000

Thinners and Solvent Thinners(Blending and Bottling)
Thinners and Solvent Thinners(Blending and Bottling)

A thinner is a solvent used to thin oil-based paints or clean up after their use. Commercially, solvents labeled "Paint Thinner" are usually mineral s...

Capacity :

Thinner (1 Ltrs Size): 4000 Bottles/Day Solvent Thinner (1 Ltrs Size): 4000 Bottles/Day

Plant and Machinery cost:

Rs 198 lakhs

Working Capital :

-

Rate of Return (ROR):

25.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs395 lakhs

Cost of Project :

39500000

Dehydrated Onion
Dehydrated Onion

Dehydration process appears to be a variation on the air-drying process and is based on the principle of vapor pressure differentials, using air circu...

Capacity :

Dehydrated Onion Sliced/Chopped: 300 MT/Annum Cattle Feed as by product: 210 MT/Annum

Plant and Machinery cost:

Rs. 69 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

57.00

TCI :

Cost of Project: Rs199 lakhs

Cost of Project :

19900000

Super Speciality Hospital
Super Speciality Hospital

This pre-feasibility report on Speciality/ Multi-speciality hospital consists of the feasibility detailing for three models of hospitals namely 30 bed...

Capacity :

Super Speciality Hospital: 30 bedded

Plant and Machinery cost:

Rs. 113 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

61.00

TCI :

Cost of Project: Rs. 978 lakhs

Cost of Project :

97800000

High Tensile Nuts & Bolts (For Automobile Industry)
High Tensile Nuts & Bolts (For Automobile Industry)

A fastener is a connective mechanism that mechanically joins or affixes two ormore objects together. A bolt is an externally threaded fastener designe...

Capacity :

Mild Steel/HT Bolts (DR M8-M16): 20 MT/Day Mild Steel/HT Nuts (DR M18-M30): 6 MT/Day

Plant and Machinery cost:

Rs. 378 lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

55.00

TCI :

Cost of Project: Rs.744 lakhs

Cost of Project :

74400000

LPG Cylinder Refilling Plant
LPG Cylinder Refilling 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 (14.2 Kgs Size): 1000 Cylinders/Day LPG Cylinders (19 Kgs Size): 1000 Cylinders/Day

Plant and Machinery cost:

Rs.110 lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

45.00

TCI :

Cost of Project: Rs. 427 lakhs

Cost of Project :

0

Biodegradable Plastic Products (Bags, Plates & Glasses)
Biodegradable Plastic Products (Bags, Plates & Glasses)

Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are pr...

Capacity :

Bio-Plastic Glasses (wt. each Glass 16 gms): 62500 Pcs/Day Bio-Plastic Plates (wt. each Plate 40 gms): 25000 Pcs/Day Bio-Plastic Bags (wt. each Bag 25 gms): 40000 Pcs/Day

Plant and Machinery cost:

Rs. 156 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

41.00

TCI :

Cost of Project: Rs789 lakhs

Cost of Project :

78900000

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