Sikkim is the largest producer of large cardamom in India.
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.
The state is richly endowed with rare and exotic flora and fauna, which includes 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. Of the 6,000 medicinal plants in India, over 424 plants (including the famous Artemisia vulgaris that is used as an antiseptic) are grown in Sikkim.
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. Tourism in Sikkim has emerged as the new profession of the Sikkimese people with its vast natural potential. Promotion of village tourism, homestay, cultural tourism, trekking tourism, ecotourism, wellness tourism, flora-tourism and adventure tourism has given a fillip to the tourism trade in the state.
In September 2018, the Prime Minister of India, Mr. Narendra Modi inaugurated Pakyong Airport in Sikkim, the state’s first airport, which is expected to significantly boost the state’s connectivity. In 2019-20, passenger and aircraft movements reached 3,749 and 60 respectively.
The Gross State Domestic Product (GSDP) of Sikkim expanded at a high CAGR of 12.66% between 2015-16 and 2020-21.
In 2020-21, the secondary sector contributed 55.19% to the state’s GSVA at current prices. It was followed by the tertiary sector at 34.16% and the primary sector at 10.64%. At a CAGR of 15.45%, the primary sector witnessed the fastest growth among the three sectors between 2011-12 and 2020-21.
As of March 2022, Sikkim had a total installed power generation capacity of 743.36 MW, of which 117.57 MW was under central utilities, 412.11 MW was under state utilities and 213.68 MW was under the private sector. Of the total installed power generation capacity, 53.57 MW was contributed by thermal and 56.79 MW by renewable energy.
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% to India’s total production. In August 2019, Sikkim was declared as world’s first 100% organic state by UN Food and Agriculture (FAO).
The government of India introduced the North East Industrial Development Scheme 2017, under which, all new industrial units located in eight northeast states in the manufacturing and services sector of the state were eligible for various incentives.
The state attracted Foreign Direct Investment (FDI) equity inflow worth US$ 6.35 billion between April 2000-September 2020 according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
The High Level Committee (HLC) under the Chairmanship of the Union Home Minister, Mr. Amit Shah, has approved additional Central assistance under the National Disaster Response Fund (NDRF) to six States, which were affected by cyclone/ floods/ landslides during this year.
IFFCO's Organic Joint Venture, SIFCO (Sikkim IFFCO Organics Ltd.) has started the construction of Integrated Food Processing Units, at Rangpo, Sikkim. The project is worth Rs. 50 Crore (US$ 6.80 million) and expected to be completed by October 2021.
Raksha Mantri, Mr Rajnath Singh dedicated 44 major permanent bridges, to provide better connectivity to remote areas across seven states and union territories. He also laid the Foundation Stone for Nechiphu Tunnel in Arunachal Pradesh.