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.

Agricultural Warehouse with Cold Storage
Agricultural Warehouse with Cold Storage

Warehousing plays a very vital role in promoting agriculture marketing, rural banking and financing and ensuring Food Security in the county. It enabl...

Capacity :

Sacks Store in Warehouse: 50000 Units /Day Cold Storage: 65 Units /Day

Plant and Machinery cost:

Rs 276 lakhs

Working Capital :

-

Rate of Return (ROR):

21.00

Break Even Point (BEP):

46.00

TCI :

Cost of Project: Rs 1468 lakhs

Cost of Project :

146800000

Hexamethoxymethyl Melamine (HMMM)
Hexamethoxymethyl Melamine (HMMM)

Hexamethoxymethyl Melamine (HMMM) HMMM is a Hexa (methoxymethyl) melamine resin. It is used as a crosslinking agent with resorcinol or a novolak resin...

Capacity :

Hexamethoxymethyl Melamine (HMMM)6 M/Day

Plant and Machinery cost:

Rs 185 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

60.00

TCI :

Cost of Project: Rs 600 lakhs

Cost of Project :

60000000

Phosphate Rich Organic Manure (PROM)
Phosphate Rich Organic Manure (PROM)

Phosphates play a vital role in the balanced nutrition of plants. Most of the soils in India are low to medium in phosphate (P) content which requires...

Capacity :

Phosphate Rich Organic Manure (PROM): 1000000 MT /Annum

Plant and Machinery cost:

Plant & Machinery: Rs 290 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

39.00

TCI :

Cost of Project : Rs 4612 lakhs

Cost of Project :

461200000

Disposable Plastic Syringes
Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized...

Capacity :

Disposable Plastic Syringes 2 ml Size: 350 Boxes/day Disposable Plastic Syringes 5 ml Size: 350 Boxes/day Disposable Plastic Syringes 10 ml Size: 200 Boxes/day Disposable Plastic Syringes 50 ml Size: 100 Boxes/day

Plant and Machinery cost:

Rs 151 lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

63.00

TCI :

Cost of Project: Rs 343 lakhs

Cost of Project :

34300000

Spices(100% EOU)
Spices(100% EOU)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, bulb) of plants used as a flavoring or seasoning, although many can also be used as...

Capacity :

Red Chilli Powder: 200 Kgs. /day Sambhar Masala : 200 Kgs. /day Biryani Masala: 200 Kgs. /day Chicken Fry Masala: 200 Kgs. /day Garam Masala: 200 Kgs. /day

Plant and Machinery cost:

Rs 20 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

53.00

TCI :

Cost of Project: Rs 204 lakhs

Cost of Project :

20400000

Start Your Own Craft Brewery or Distillery (Startup). Production of Craft Beer. Microbrewery, Pubbrewery, Brew Pub Beer, Beer Manufacturing Plant.
Start Your Own Craft Brewery or Distillery (Startup). Production of Craft Beer. Microbrewery, Pubbrewery, Brew Pub Beer, Beer Manufacturing Plant.

Craft beer is a type of beer brewed in a traditional manner and usually produced in smaller quantities than that of the conventional beer. The product...

Capacity :

-

Plant and Machinery cost:

--

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Project Opportunities in Production of Condoms. Latex Condom Manufacturing. How to Manufacture Condoms (Lubricated)?
Project Opportunities in Production of Condoms. Latex Condom Manufacturing. How to Manufacture Condoms (Lubricated)?

A condom is a sheath-shaped obstruction device used during sexual intercourse. It is very beneficial for reducing the chances of pregnancy. It also de...

Capacity :

116,666.7 Pcs /Day

Plant and Machinery cost:

139.00 Lakhs

Working Capital :

0

Rate of Return (ROR):

25.00

Break Even Point (BEP):

53.00

TCI :

Cost of Project 400.00Lakhs

Cost of Project :

40000000

Production of I.V. Fluids (Saline and Dextrose). Intravenous Solution (IV) Manufacturing Business with Blow-Fill-Seal (BFS) Technology.
Production of I.V. Fluids (Saline and Dextrose). Intravenous Solution (IV) Manufacturing Business with Blow-Fill-Seal (BFS) Technology.

Fluids are given when someone's body fluid volume falls. There are a number of things which can cause a drop in fluid volume. Vomiting and diarrhea ar...

Capacity :

48,000 Bottles/Day 500 ml each bottle

Plant and Machinery cost:

253.00 Lakhs

Working Capital :

0

Rate of Return (ROR):

29.00

Break Even Point (BEP):

52.00

TCI :

Cost of Project 834.00Lakhs

Cost of Project :

83400000

IV Fluids (BFS Technology)
IV Fluids (BFS Technology)

Intravenous fluids are fluids which are intended to be administered to a patient intravenously, directly through the circulatory system. These fluids...

Capacity :

48,000 Bottles/Day 500 ml each bottle

Plant and Machinery cost:

253 Lakhs

Working Capital :

0

Rate of Return (ROR):

29.00

Break Even Point (BEP):

52.00

TCI :

Cost of Project: 834 Lakhs

Cost of Project :

83400000

Bentonite (Quarrying, Processing & Exporting)
Bentonite (Quarrying, Processing & Exporting)

Bentonite comes under the speciality of clay (Aluminium Hydrosilicate), which has large used in the chemical industries, oil refineries industries, co...

Capacity :

ABE Dry Process Bentonite: 720 MT/Day ABE Wet Process Bentonite: 60 MT/Day Sodium Grade Bentonite: 74 MT/Day

Plant and Machinery cost:

Rs 1994 lakhs

Working Capital :

-

Rate of Return (ROR):

42.00

Break Even Point (BEP):

32.00

TCI :

Cost of Project: Rs 6132 lakhs

Cost of Project :

613200000

Bio-Plastic Products(GLASSES, PLATES AND BAGS)
Bio-Plastic Products(GLASSES, PLATES AND BAGS)

Plastics have become an important part of modern life and are used in different sectors of applications like packaging, building materials, consumer p...

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 100 gms): 10000 Pcs./Day

Plant and Machinery cost:

Rs 155 lakhs

Working Capital :

-

Rate of Return (ROR):

27.00

Break Even Point (BEP):

42.00

TCI :

Cost of Project: Rs 718 lakhs

Cost of Project :

71800000

Spices (Masala)
Spices (Masala)

Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used...

Capacity :

Turmeric Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Coriander Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Red Chilly Powder (50, 100 & 200 gms Packs): 14 Kgs./Day Cumin Powder (50 gms Packs): 4 Kgs./Day Black Pepper (50 gms Packs)

Plant and Machinery cost:

Rs 4 lakhs

Working Capital :

-

Rate of Return (ROR):

17.00

Break Even Point (BEP):

77.00

TCI :

Cost of Project: Rs 10 lakhs

Cost of Project :

1000000

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