October 21 , 2013
Latest update: August, 2013
Last Updated: August, 2013
SIKKIM State Report | August, 2013
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 the 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.
The state is considered as a huge cardamom epicentre of the world, producing around 80 per cent of large cardamom in the country. Additionally, India is the world leader of the crop, producing over 50 per cent of the global yield.
Sikkim’s gross state domestic product (GSDP) expanded at a compound annual growth rate (CAGR) of 25.2 per cent between 2004-05 and 2011-12.
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.
Sikkim has a high literacy rate of 82.2 per cent. The state has a skilled and educated labour force. With the establishment of Sikkim Manipal University and the Sikkim University, the quality and quantity of employable graduates in the state has steadily improved.