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.

Zari Yarn
Zari Yarn

Zari (or Jari) is an even thread traditionally made of fine gold or silver used in traditional Indian, and Pakistani garments, especially as brocade i...

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Rate of Return (ROR):

1.00

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0.00

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0

Soda Water in Plastic Pouches
Soda Water in Plastic Pouches

Soda water is fizzy water used for mixing with alcoholic drinks and fruit juice. Soda water is carbonated water and is often used for mixing with alco...

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Rate of Return (ROR):

1.00

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0.00

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Outdoor & Indoor Entertainment Centre
Outdoor & Indoor Entertainment Centre

An entertainment center is a piece of furniture designed to house consumer electronic appliances and components, such as televisions. A family entert...

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Rate of Return (ROR):

1.00

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0.00

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0

Aluminium Angles, Channels, Doors & Windows
Aluminium Angles, Channels, Doors & Windows

Aluminium is the strongest and most durable material, easy to clean and maintain. Aluminium Angle has rounded corners and is generally used for struc...

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Garden Pipe & Delivery Pipes
Garden Pipe & Delivery Pipes

Garden Pipe is widely used in for water supply in gardening, steel mills and engineering works and in irrigation projects. To ensure its flawlessness...

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Rate of Return (ROR):

1.00

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0.00

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Wood Pulp
Wood Pulp

Wood pulp is wood that has been cut up into small pieces and crushed. Wood pulp is used to make paper. Wood reduced to pulp through mechanical and che...

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1.00

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0.00

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Wood Chips
Wood Chips

Woodchips are small to medium sized pieces of wood formed by cutting or chipping larger pieces of wood such as trees, branches, logging residues, stum...

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1.00

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0.00

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Truck Body Building Industry
Truck Body Building Industry

Truck Body Building Industry. How to Start a Profitable Automobile Body Building Business Automobile body building is an important activity. The ch...

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1.00

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Dry Fruits Processing (Cashew, Almond, Walnut, Raisins (Kishmish/Munnakka) and Figs)
Dry Fruits Processing (Cashew, Almond, Walnut, Raisins (Kishmish/Munnakka) and Figs)

Cashew nuts are a popular snack and food source. Cashews, unlike other oily tree nuts, contain starch to about 10% of their weight. This makes them mo...

Capacity :

Cashewnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 1050 MT/Annum Wallnut (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size) : 300 MT/Annum Almond (Badam) (Tin Pack 10 Kgs Size & Poly Packs 1 Kg Size): 750 MT/Annum Raisins (Kishmish/ Munakka) (Tin Pack

Plant and Machinery cost:

Rs 957 lakhs

Working Capital :

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Rate of Return (ROR):

27.00

Break Even Point (BEP):

53.00

TCI :

Cost of Project: Rs1597lakhs

Cost of Project :

159700000

Chili Oil
Chili Oil

Chili oil is essentially dried chilies, preserved in oil. It adds a delightful kick to whatever dish you’re using it in. Commonly used as a finishing...

Capacity :

Chilli Oil: 27,300 Kg./Annum Oleoresin: 122,700 Kg./Annum

Plant and Machinery cost:

Rs 1828 lakhs

Working Capital :

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Rate of Return (ROR):

27.00

Break Even Point (BEP):

45.00

TCI :

Cost of Project: Rs2450 lakhs

Cost of Project :

245000000

Adhesive (Fevicol Type)
Adhesive (Fevicol Type)

Fevicol type adhesives come under the category of synthetic resins and latex adhesives are made from polyvinyl acetate is a thermoplastic, odourless,...

Capacity :

Adhesive (Fevicol Type): 8 MT/Day

Plant and Machinery cost:

Rs 42lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

62.00

TCI :

Cost of Project: Rs264lakhs

Cost of Project :

26400000

Roller Flour Mill  with Packaging (Automatic Plant)
Roller Flour Mill with Packaging (Automatic Plant)

Roller Flour Milling sector processes around 12 – 15 per cent of the total wheat consumed in the country, the balance being processed through Stone Ch...

Capacity :

Maida: 40 MT/Day Sooji: 15 MT/Day Wheat Flour: 8 MT/Day Wheat Bran: 17 MT/Day Besan: 20 MT/Day

Plant and Machinery cost:

Rs 290 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project : Rs806lakhs

Cost of Project :

806100000

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