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.

Best Business Opportunities in Sikkim - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Please choose a project below related to this category.

Aluminium Wire & Cables Manufacturing Industry
Aluminium Wire & Cables Manufacturing Industry

Aluminium Wire & Cables Manufacturing Industry. Start an Electric Wire & Cable Business Aluminium (Al) is one of the most common metal elements. In f...

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Working Capital :

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Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

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Cost of Project :

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T-Shirt Manufacturing Business
T-Shirt Manufacturing Business

T-Shirt Manufacturing Business. How to Start a Readymade Garments Business. Business Opportunities in Apparel or Clothing Industry T-shirts are not ju...

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Plant and Machinery cost:

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Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

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Cost of Project :

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Aerosol Cans Production for Aerosol Spray
Aerosol Cans Production for Aerosol Spray

Aerosol Cans Production for Aerosol Spray. Aerosol Packaging Industry. Trends and Opportunities in Packaging Industry Aerosols are homogeneous, cryst...

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Rate of Return (ROR):

1.00

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LPG Bottling Plant
LPG Bottling 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 (5 Kgs Size 1360 Nos/day): 2040 MT/Annum LPG Cylinders (14.2 Kgs Size 1000 Nos/day): 4260 MT/Annum LPG Cylinders (19 Kgs Size 1000 Nos/day): 5700 MT/Annum

Plant and Machinery cost:

Rs. 127 lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

43.00

TCI :

Cost of Project: Rs 919 lakhs

Cost of Project :

91900000

Tea Blending and Packaging
Tea Blending and Packaging

The tea-plant, in its natural state, grows into a small or medium-sized tree, but in commercial plantations it is pruned and trained to form a many-br...

Capacity :

Fermented & PF Tea: 1000 Kgs./day Fermented & Green Tea: 1000 Kgs./day Green & PF Tea: 1000 Kgs./day Brick & PF Tea: 1000 Kgs./day

Plant and Machinery cost:

Rs 33 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

60.00

TCI :

Cost of Project: Rs 215 lakhs

Cost of Project :

21500000

LPG Cylinders
LPG Cylinders

Liquefied petroleum gas (LPG) is a term describing a group of hydrocarbon-based gases derived from crude oil and or natural gas. LPG Cylinder is an es...

Capacity :

LPG Cylinders (14.20 Kgs Size): 1000 Nos./day LPG Cylinders (19 Kgs Size): 1000 Nos./day

Plant and Machinery cost:

Rs 471 lakhs

Working Capital :

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Rate of Return (ROR):

30.00

Break Even Point (BEP):

56.00

TCI :

Cost of Project: Rs 1113 lakhs

Cost of Project :

111300000

WPC Board
WPC Board

Wood-plastic composites (WPCs) are a product class that has been developing over the last 40 years resulting in increased applications and expanded ma...

Capacity :

WPC Board: 16800 Kgs/day

Plant and Machinery cost:

Rs. 173 lakhs

Working Capital :

-

Rate of Return (ROR):

31.00

Break Even Point (BEP):

75.00

TCI :

Cost of Project: Rs 370 lakhs

Cost of Project :

37000000

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 :

IV Fluids (500 ml Bottle): 40000 Pcs/day

Plant and Machinery cost:

Rs 2734 lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

48.00

TCI :

Cost of Project: Rs 3712 lakhs

Cost of Project :

371200000

Moringa Oleifera (Drumstick) Powder
Moringa Oleifera (Drumstick) Powder

Moringa or drum sticks is among the well-known vegetables being used in our food during its availability. It is commonly known as “Sejana”. Drumstick...

Capacity :

Drumstick (Moringa Oleifere) Powder: 2000 Kgs./day

Plant and Machinery cost:

Rs 38 lakhs

Working Capital :

-

Rate of Return (ROR):

31.00

Break Even Point (BEP):

72.00

TCI :

Cost of Project: Rs 92 lakhs

Cost of Project :

9200000

Disposable Plastic Syringes
Disposable Plastic Syringes

Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by re...

Capacity :

Disposable Plastic Syringes 2 ml Size: 60 Boxes/Day Disposable Plastic Syringes 5 ml Size: 60 Boxes/Day Disposable Plastic Syringes 10 ml Size: 40 Boxes/Day

Plant and Machinery cost:

Rs. 137 lakhs

Working Capital :

-

Rate of Return (ROR):

13.00

Break Even Point (BEP):

61.00

TCI :

Cost of Project: Rs 307 lakhs

Cost of Project :

30700000

Baby & Adult Diaper and Sanitary Pads
Baby & Adult Diaper and Sanitary Pads

Modern disposable baby diapers and incontinence products have a layered construction, which allows the transfer and distribution of urine to an absorb...

Capacity :

Baby Diapers (4 Pcs.): 84000 Pkts./day Adult Diapers (4 Pcs.): 18000 Pkts./day Sanitary Pads (8 Pcs.): 48000 Pkts./day

Plant and Machinery cost:

Rs. 2167 lakhs

Working Capital :

-

Rate of Return (ROR):

32.00

Break Even Point (BEP):

42.00

TCI :

Cost of Project: Rs 4597 lakhs

Cost of Project :

459700000

Drinking Glasses - Juice & Water Glasses (Glassware)
Drinking Glasses - Juice & Water Glasses (Glassware)

Glassware In 2017, highest demand for glassware was seen in Asia Pacific. Riding on the back of the factors such as rapid development of easy to carr...

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Plant and Machinery cost:

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Working Capital :

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Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

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Cost of Project :

0

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