Last Updated: May 05, 2015
Latest update: August, 2015
Last Updated: August, 2015
SIKKIM State Report | August, 2015
Sikkim is surrounded by vast stretches of Tibetan Plateaus in the north, the Chumbi Valley of Tibet and the Kingdom of Bhutan in the east, the Kingdom of Nepal in the west and Darjeeling district of West Bengal in the south.
Sikkim is home to around 5,000 species of flowering plants, 515 rare orchids, 60 primula species and 36 rhododendron species. This makes it one of the leading states in the Northeast region in terms of production and supply of cut flowers to mainland consumer markets.
Sikkim has mighty snow-capped peaks including Kanchenjunga, the world's third highest peak, which attracts a large number of tourists from across the globe.
The gross state domestic product (GSDP) of Sikkim expanded at a compound annual growth rate (CAGR) of 24.4 per cent between 2004-05 and 2012-13. Large production of cardamom and flowers has opened up immense possibilities for the state economy. Rail and air connectivity as well as optical-fibre networks are being developed in the state.
The state follows the North East Industrial Investment Promotion Policy, 2007, which provides several incentives and concessions for investment. Institutional support is provided through various central and state government agencies viz., North East Council, Ministry of Development of North Eastern Region and Commerce and Industries Department.