Last Updated: February 10, 2016
Latest update: January, 2016
Last Updated: January, 2016
SIKKIM State Report | November, 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.
The state is richly endowed with rare and exotic flora and fauna, which includes 4,500 different flowering plants, 550 types of orchids, 36 varieties of rhodendrons, 28 bamboo species, over 144 mammals, 552 species of birds and 600 different butterflies. 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 several snow-capped peaks including Kanchenjunga, the world's third highest peak that attracts a large number of tourists from across the globe. Sikkim was rated as the best place to visit in 2014 by The Lonely Planet. The state has been able to bag seven out of 25 central government’s national projects to promote India as destination for adventure tourism globally.
The gross state domestic product (GSDP) of Sikkim expanded at a high compound annual growth rate (CAGR) of 18.3 per cent between 2004-05 and 2014-15.
There has been a drastic shift in the sectoral contribution from primary and tertiary to the secondary sector. In 2014-15, the secondary sector contributed 62.22 per cent to the state’s GSDP at current prices. Moreover, at a CAGR of 27.9 per cent, the secondary sector has been the fastest growing among the three sectors from 2004-05 to 2014-15. It was driven by manufacturing, construction and electricity, gas & water supply.
Sikkim has a suitable climate for agricultural and horticultural products. It supports multiple crops; viz., rice, wheat, maize, millet, barley, urad, pea, soya bean, mustard and large cardamom. Sikkim is the top producer of large cardamom, contributing over 80 per cent to India’s total production. Sikkim plans to become the first state in India to transition its agriculture to entirely organic cultivation by 2015.
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.