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1、DO-DRULCHORTENSTUPAINGANGTOK,SIKKIMSIKKIMTHELANDOFPEACEANDTRANQUILITYForupdatedinformation,pleasevisitwww.ibef.orgDecember2018TableofContentExecutiveSummary........................................3Introduction.......................................................4EconomicSnapshot.........
2、..............................9PhysicalInfrastructure..................................15SocialInfrastructure.......................................22IndustrialInfrastructure.................................26KeySectors....................................................28KeyProcedures&Pol
3、icies...........................37Annexure..........................................................42Sikkimishometoaround5,000speciesoffloweringplants,515rareorchids,60primulaspecies&36Strongfloriculturerhododendronspecies.ThismakesitoneoftheleadingstatesintheNortheastregionintermsofprod
4、uction§orsupplyofcutflowerstomainlandconsumermarkets.StrongpotentialofOfthe6,000medicinalplantsinIndia,over424plants(includingthefamousArtemisiavulgaristhatisusedasmedicinalplantsanantiseptic)aregrowninSikkim.industryThestateisconsideredasahugecardamomepicentreoftheworld,producingaro
5、und80percentoflargeSecond-largestcardamominthecountry.Additionally,Indiaistheworldleaderofthecrop,producingover50percentoftheproducerofcardamomglobalyield.Presenceofworld’sSikkimhasmightysnow-cappedpeaksincludingtheKanchenjunga,theworld’s3rdhighestpeak,whichthirdhighestpeakattractsalargen
6、umberoftouristsfromacrosstheglobe.Thestate'seconomyislargelyagrarian,basedontheterracedfarmingofrice&thecultivationofcropssuchasmaize,millet,wheat,barley,oranges,tea&cardamom.AgrarianeconomySikkimproducesmorecardamomthananyotherIndianstateandishometothelargestcultivatedareaofcardamomSour
7、ce:MinistryofAgriculture,GovernmentofIndiaSIKKIMINTRODUCTIONHigheconomicgrowthandstableConduciveagro-climaticconditionspoliticalenvironmentSikkim’sGSDPgrewataCompoundAnnualGrowthSikkimhasfavourableagro-climaticconditions,whichRate(CAGR)of12.18percentbetween2