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.

Carbon Fibre Manufacturing: A High-Potential Opportunity for Startups and Entrepreneurs
Carbon Fibre Manufacturing: A High-Potential Opportunity for Startups and Entrepreneurs

When it comes to advanced materials that are light in weight, ultra-strong, and driven by performance, carbon fiber stands out as a clear winner. Spin...

Capacity :

10,00,000 Kg Per Annum

Plant and Machinery cost:

6.5 Crores

Working Capital :

-

Rate of Return (ROR):

30

Break Even Point (BEP):

54

TCI :

-

Cost of Project :

170000000

Start Production Of Sodium Chlorite (NaClO2) Direct Electrolysis Process from Sodium Chloride to Sodium Chlorite
Start Production Of Sodium Chlorite (NaClO2) Direct Electrolysis Process from Sodium Chloride to Sodium Chlorite

Chemically, sodium chlorite has the formula NaClO2. It is a white, crystalline material that is non-flammable and odourless. It is employed in industr...

Capacity :

Sodium Chlorite (NaClO2: 15 MT Per Day

Plant and Machinery cost:

567 Lakhs

Working Capital :

-

Rate of Return (ROR):

26.00

Break Even Point (BEP):

48.00

TCI :

Cost of Project: 1892 Lakhs

Cost of Project :

189200000

Curcumin Extraction Unit
Curcumin Extraction Unit

Curcumin is the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The most important cons...

Capacity :

Curcumin Powder: 25 Kgs./Day Turmeric Oil: 25 Kgs./Day Deoiled Turmeric: 440 Kgs./Day

Plant and Machinery cost:

119 lakhs

Working Capital :

-

Rate of Return (ROR):

29.00

Break Even Point (BEP):

52.00

TCI :

Cost of Project: Rs 318 lakhs

Cost of Project :

31800000

Non Woven Fabric
Non Woven Fabric

Nonwoven fabrics are broadly defined as sheet or web structures bonded together by entangling fiber or filaments (and by perforating films) mechanical...

Capacity :

Non Woven Fabric 1.6 meter & 3.2 meter width 100 gsm : 400000 Sq.mtrs./day

Plant and Machinery cost:

701 lakhs

Working Capital :

-

Rate of Return (ROR):

32.00

Break Even Point (BEP):

43.00

TCI :

Cost of Project: Rs 1943 lakhs

Cost of Project :

194300000

Hybrid Electric Scooter Assembling
Hybrid Electric Scooter Assembling

A plug-in hybrid electric vehicle (PHEV) is an HEV that can be plugged-in or recharged from wall electricity. PHEVs are distinguished by much larger b...

Capacity :

50 Nos./day

Plant and Machinery cost:

95 lakhs

Working Capital :

-

Rate of Return (ROR):

34.00

Break Even Point (BEP):

74.00

TCI :

Cost of Project: Rs 279 lakhs

Cost of Project :

27900000

Biodegradable Plastic Bags from Corn Starch
Biodegradable Plastic Bags from Corn Starch

Biodegradable shopping bags are made of polymers that degrade, or decompose, when exposed to air, water, or sunlight. Biodegradable packaging provides...

Capacity :

Biodegradable Plastic Bags (Per Bag 25 gms Size): 360 MT/Annum

Plant and Machinery cost:

298 lakhs

Working Capital :

-

Rate of Return (ROR):

25.00

Break Even Point (BEP):

61.00

TCI :

Cost of Project: Rs 606 lakhs

Cost of Project :

60600000

Detergent Cake and Detergent Powder Manufacturing Industry
Detergent Cake and Detergent Powder Manufacturing Industry

Detergent Cake and Detergent Powder Manufacturing Industry. Start a Washing Powder and Cake Business Detergent is a blend of surfactants with cleanin...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

HT (High Tensile Wire) Manufacturing Industry
HT (High Tensile Wire) Manufacturing Industry

HT (High Tensile Wire) Manufacturing Industry. Production of High Tensile Steel Wire for Prestressed Concrete Poles and Railway Sleepers High tensile...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Steel Fabrication Industry
Steel Fabrication Industry

Steel Fabrication Industry. Commercial Metal Fabrication. Profitable Business Ideas in Steel Industry Steel Fabrication is the process involved in sh...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

HDPE Jumbo Bags Manufacturing Industry
HDPE Jumbo Bags Manufacturing Industry

HDPE Jumbo Bags Manufacturing Industry. Production of FIBCS (Flexible Intermediate Bulk Containers), Bulk Bags FIBC Bags, also known as Jumbo Bags/ B...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

HDPE Jumbo Bags (Flexible Intermediate Bulk Containers)
HDPE Jumbo Bags (Flexible Intermediate Bulk Containers)

Jumbo bags are big bags used for packing bulk materials of different types. These big bags in different specifications and grades based on the require...

Capacity :

8,640,000 Nos per Annum

Plant and Machinery cost:

106 Lakhs

Working Capital :

-

Rate of Return (ROR):

35.00

Break Even Point (BEP):

58.00

TCI :

Cost of Project: 748 Lakhs

Cost of Project :

74800000

Liquid Biofertilizer Manufacturing Industry
Liquid Biofertilizer Manufacturing Industry

Liquid Biofertilizer Manufacturing Industry. Production of Liquid Bio-Fertiliser. Profitable Biofertilizers Production Business Ideas Liquid Bioferti...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

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