Sikkim has a largely agrarian economy based on terraced farming of rice and crops like maize, millet, wheat, barley, oranges, tea and cardamom. The state is the second largest producer of cardamom in India. Sikkim has seen strong economic growth in recent years, with its GSDP growing at a CAGR of 12.18% between 2011-12 and 2017-18. The tertiary sector is the largest contributor to the state's GSVA at 30.19%, followed by the secondary sector at 59.38% and the primary sector at 10.43%. Sikkim also has potential in sectors like floriculture, medicinal plants, and
Project on Sikkim, for 10th grade, that i made by collecting informations of Sikkim.
Viewers it is just a small, Idea to share with people, specially those who were lurking for materials for Similar project
Project made with simple and understandable theme on Sikkim...
Project on Sikkim, for 10th grade, that i made by collecting informations of Sikkim.
Viewers it is just a small, Idea to share with people, specially those who were lurking for materials for Similar project
Project made with simple and understandable theme on Sikkim...
This PowerPoint presentation contains all little details about Sikkim like its culture, tradition, food items, famous personalities, clothes people of Sikkim wear, festivals and surely places to visit.
Hope you will like my effort.
Sikkim is a northeastern state of India. It borders China in its north and east, Bhutan in its east, Nepal in its west and the Indian state of West Bengal in its south. Sikkim is also located close to the Siliguri Corridor near Bangladesh. Sikkim is the least populous and second smallest among the Indian states. A part of the Eastern Himalaya, Sikkim is notable for its biodiversity, including alpine and subtropical climates, as well as being a host to Kanchenjunga, the highest peak in India and third highest on Earth. Sikkim's capital and largest city is Gangtok. Almost 35% of the state is covered by the Khangchendzonga National Park.
This PowerPoint presentation contains all little details about Sikkim like its culture, tradition, food items, famous personalities, clothes people of Sikkim wear, festivals and surely places to visit.
Hope you will like my effort.
Sikkim is a northeastern state of India. It borders China in its north and east, Bhutan in its east, Nepal in its west and the Indian state of West Bengal in its south. Sikkim is also located close to the Siliguri Corridor near Bangladesh. Sikkim is the least populous and second smallest among the Indian states. A part of the Eastern Himalaya, Sikkim is notable for its biodiversity, including alpine and subtropical climates, as well as being a host to Kanchenjunga, the highest peak in India and third highest on Earth. Sikkim's capital and largest city is Gangtok. Almost 35% of the state is covered by the Khangchendzonga National Park.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
3. For updated information, please visit www.ibef.orgSIKKIM3
EXECUTIVE SUMMARY
Source: Ministry of Agriculture, Government of India
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. Moreover, it is all set to be recognised and certified by the Government of
India under National Medicinal Plant Board (NMPB) proposed under the 12th Five Year Plan.
Sikkim is home to around 5,000 species of flowering plants, 515 rare orchids, 60 primula species & 36
rhododendron species. This makes it one of the leading states in the Northeast region in terms of production &
supply of cut flowers to mainland consumer markets.
Strong floriculture
sector
Strong potential of
medicinal plants
industry
Sikkim has mighty snow-capped peaks including the Kanchenjunga, the world’s 3rd highest peak, which
attracts a large number of tourists from across the globe.
Presence of world’s
third highest peak
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.
Second-largest
producer of cardamom
The state's economy is largely agrarian, based on the terraced farming of rice & the cultivation of crops such
as maize, millet, wheat, barley, oranges, tea & cardamom.
Sikkim produces more cardamom than any other Indian state & is home to the largest cultivated area of
cardamom
Agrarian economy
5. For updated information, please visit www.ibef.orgSIKKIM5
ADVANTAGE: SIKKIM
Conducive agro-climatic conditions
Sikkim has favourable agro-climatic conditions, which
support agriculture, horticulture & forestry; there is
potential for development in related areas
As per the state budget 2016-17, Sikkim got certified
as the first fully organic state in India by the Central
Ministry of Agriculture and Farmers’ Welfare as well as
other recognized agencies of the country.
Policy and institutional
support
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
& state government agencies viz., North East Council,
Ministry of Development of North Eastern Region &
Commerce and Industries Department.
Rich labour pool
Sikkim has a high literacy rate of around 81.42 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.
Skilled labour contributes in the modernization of the
state through the development of services sector.
Advantage
Sikkim
High economic growth and stable
political environment
Sikkim’s GSDP grew at a Compound Annual Growth
Rate (CAGR) of 12.18 per cent between 2011-12 and
2017-18.
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.
Source: Central Electricity Authority, GSDP: Gross State Domestic Product;
6. For updated information, please visit www.ibef.orgSIKKIM6
NORTH EAST REGION VISION 2020
Source: NER Vision 2020, HYV: High Yielding Variety, 1GSDP is at fixed costs at 2006-07 prices
Vision
2020
Agriculture
Quality of life of
people
Growth rate in
GSDP1
Tourism
Governance
Promoting
investments
Infrastructure
Encouraging HYV crops
through better use of organic
manure, fertilisers and
pesticides.
Preventing soil erosion by
controlling floods.
Promoting cultivation of
horticulture crops.
State government has set a target to
grow GSDP by 9.5 per cent and per
capita GSDP by 8.3 per cent over the
period 2007-20.
Improving standard of living of
people in the region to meet the
national standard by 2020
Improving the quality and creating
state-of-art hospitals and
educational institutions
Focusing and developing
services that would promote
tourism and create employment
opportunities in the states.
Better governance and ensuring
peace and harmony through
maximising self governance and
increased people participation.
Encouraging public investment in
infrastructure to attract private
investment.
Creating a centre for trade and
commerce through improving
relations with neighbouring
countries.
Facilitating easy movement of
goods and people by investing in
road, rail, inland water and air
transportation.
Industry Development of agro-processing
and sericulture industries.
Increase in investment in
manufacturing units depending
upon the availability of resources
in the region.
7. For updated information, please visit www.ibef.orgSIKKIM7
SIKKIM FACT FILE
Source: Sikkim State Portal, Census 2011
Sikkim is surrounded by vast stretches of Tibetan Plateaus in the
north, the Chumbi Valley of Tibet & the Kingdom of Bhutan in the
east, the Kingdom of Nepal in the west & Darjeeling district of West
Bengal in the south
Sikkim has 4 districts – East Sikkim, West Sikkim, North Sikkim &
South Sikkim. The district capitals are Gangtok, Gyalshing, Mangan
& Namchi respectively
Parameters Sikkim
Capital Gangtok
Geographical area (lakh sq. km) 7,096
Administrative districts (No) 4
Population density (persons per sq. km) 86
Total population (million) 0.61
Male population (million) 0.32
Female population (million) 0.29
Sex ratio (females per 1,000 males) 890
Literacy rate (%) 81.42
Nepali, Bhutia, Lepcha, Limboo, Magar, Rai, Gurung, Sherpa,
Tamang, Newari & Sunuwar (Mukhia) are the commonly spoken
languages. Hindi & English are also widely spoken. Sikkim has 10
mountain peaks, 84 glaciers, 315 glacial lakes (including the
Tsomgo, Gurudongmar & Khecheopalri), 5 hot springs & 8 mountain
passes – making it an ideal tourist location. The Teesta & the
Rangeet are the 2 major rivers with nearly hundred tributaries.
8. For updated information, please visit www.ibef.orgSIKKIM8
SIKKIM IN FIGURES
Parameter Sikkim India
GSDP as a percentage of all
states’ GSDP
0.13 100.0
GSDP growth rate (%) 11.13 9.96
Per capita GSDP (US$) 5,286.32 1,977.60
Sikkim’s Contribution to Indian Economy (2017-18)
Parameter Sikkim India
Installed power capacity
(MW)
962.15 349,288.22
Wireless subscribers*
(No)
58,473,201 1,171,755,011
Internet subscribers* (Mn) 22.62 560.01
National highway length
(km)
463 131,326
Airport 1 129
Physical Infrastructure in Sikkim
Parameter Sikkim India
Literacy rate (%) 81.42 73.0
Birth rate (per 1,000
population)
16.6 20.4
Social Indicators
Parameter Sikkim India
Operational and Maintenance
stage
1 886
Industrial Infrastructure
Parameter Sikkim India
Cumulative FDI equity inflows
since April 2000 (US$ billion)
5.11** 398.44
Investments (as of September 2018)
Note: GSDP, per capita GSDP figures are taken at current prices
PPP -Public-Private Partnership, * - Including West Bengal, ** - Including West Bengal and Andaman and Nicobar
10. For updated information, please visit www.ibef.orgSIKKIM10
3,792.32
3,648.97
3,654.26
3,980.25
4,304.62
4,612.24
5,286.32
1,81,841.97
1,98,686.32
2,21,082.97
2,43,392.12
2,81,780.35
3,09,435.29
3,40,703.11
0
30,000
60,000
90,000
1,20,000
1,50,000
1,80,000
2,10,000
2,40,000
2,70,000
3,00,000
3,30,000
3,60,000
0
1,000
2,000
3,000
4,000
5,000
6,000
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ Rs
2.33
2.27
2.29
2.52
2.75
2.98
3.45
0.11
0.12
0.14
0.15
0.18
0.20
0.22
0.00
0.05
0.10
0.15
0.20
0.25
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ billion Rs trillion
ECONOMIC SNAPSHOT – GSDP
GSDP of Sikkim at current prices
At current prices, Sikkim’s Gross State Domestic Product
(GSDP) was Rs 0.22 trillion (US$ 3.45 billion) in 2017-18.
GSDP expanded at a CAGR of 12.18 per cent between 2011-
12 and 2017-18.
Source: Ministry of Statistics and Programme Implementation
CAGR (in Rs) 12.18%
GSDP per capita of Sikkim at current prices
CAGR (in Rs) 11.03%
The state’s per capita GSDP was Rs 340,703.11 (US$
5,286.32) in 2017-18 as compared to Rs 181,841.97 (US$
3,792.32) during 2011-12.
Per capita GSDP increased at a CAGR of 11.03 per cent
between 2011-12 and 2017-18.
Note: GSDP, per capita GSDP figures are taken at current prices, Exchange Rate as per slide 46, data expected to be updated from Ministry of Statistics and Programme Implementation in
March 2019
11. For updated information, please visit www.ibef.orgSIKKIM11
2.03
1.99
2.02
2.22
2.41
2.61
3.02
0.10
0.11
0.12
0.14
0.16
0.18
0.19
0.00
0.05
0.10
0.15
0.20
0.25
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ billion Rs trillion
3,309.02
3,198.95
3,216.93
3,502.00
3,757.83
4,032.97
4,620.09
1,58,667.38
1,74,182.75
1,94,624.07
2,14,147.51
2,45,987.42
2,70,572.21
2,97,764.72
0
50,000
1,00,000
1,50,000
2,00,000
2,50,000
3,00,000
3,50,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ Rs
ECONOMIC SNAPSHOT – NSDP
NSDP of Sikkim at current prices
CAGR (in Rs) 12.21%
At current prices, Sikkim’s Net State Domestic Product (NSDP)
was Rs 0.19 trillion (US$ 3.02 billion) during 2017-18.
NSDP of the state expanded at a CAGR of 12.21 per cent
between 2011-12 and 2017-18.
Sikkim’s per capita NSDP was Rs 297,764.72 (US$ 4,620.09)
in 2017-18 as compared to Rs 158,667.38 (US$ 3,309.02)
during 2011-12.
Per capita NSDP of Sikkim increased at CAGR of 11.06 per
cent between 2011-12 and 2017-18.
NSDP per capita of Sikkim at current prices
CAGR (in Rs) 11.06%
Source: Ministry of Statistics and Programme Implementation
Note: GSDP, per capita GSDP figures are taken at current prices, Exchange Rate as per slide 46, data expected to be updated from Ministry of Statistics and Programme Implementation in
March 2019
12. For updated information, please visit www.ibef.orgSIKKIM12
ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSVA
The overall performance of the economy of the state during 2017-18
was encouraging.
In 2017-18, the secondary sector contributed 59.38 per cent to the
state’s GSVA at current prices. It was followed by the tertiary sector
at 30.19 per cent and primary sector at 10.43 per cent.
At a CAGR of 16.04 per cent, the primary sector witnessed the
fastest growth among the three sectors between 2011-12 and 2017-
18. The growth has been driven by livestock, mining and quarrying,
fishing and aquaculture and crops subsectors.
The secondary sector grew at a CAGR of 10.76 per cent between
2011-12 and 2017-18. The tertiary sector grew at a CAGR of 12.67
per cent between 2011 and 2017-18.
Percentage distribution of GSVA
8.35%
10.43%
62.83% 59.38%
28.82% 30.19%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011-12 2017-18
Primary Secondary Tertiary
16.04%
12.67%
10.76%
CAGR
Source: Ministry of Statistics and Programme Implementation
Note: GSDP, per capita GSDP figures are taken at current prices, Exchange Rate as per slide 46, data expected to be updated from Ministry of Statistics and Programme Implementation in
March 2019
13. For updated information, please visit www.ibef.orgSIKKIM13
ECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
According to the Department of Industrial Policy & Promotion (DIPP),
FDI inflows in Sikkim^ totalled US$ 5.11 billion between April 2000
and September 2018.
Sikkim^ contributes around 1 per cent to the total FDI inflows of the
country.
Government of India has introduced North East Industrial
Development Scheme 2017 under which all new industrial units
located in eight north-eastern states in manufacturing and services
sector of the state will be eligible for various incentives.
FDI inflows in Sikkim^
April 2000 - September 2018 (in US$ million)
1,488
394
424
436
239 955
49
218
905
5,108
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
FY01-FY11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
FY01-FY19*
Source: Department of Industrial Policy & Promotion (DIPP)
Note: ^Including West Bengal and Andaman & Nicobar Islands, *up to September 2018
14. For updated information, please visit www.ibef.orgSIKKIM14
ECONOMIC SNAPSHOT – EXPORT TRENDS
Merchandise exports from Sikkim have increased from US$ 3.91 million in 2014-15 to US$ 13.96 million in 2017-18. During 2018-19*, the exports
stood at US$ 6.13 million from the state.
Drug Formulations and Biologicals are the largest export items from the state, accounting for nearly 26 per cent of total exports in 2018-19*,
followed by Cereal Preparations (15 per cent) and Petroleum products (10 per cent).
Source: DGCIS Analytics
Merchandise Exports from Sikkim (US$ million)
3.91
2.93
4.91
13.96
6.13
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
2014-15
2015-16
2016-17
2017-18
2018-19*
Principal Commodities Exported in 2018-19*
26%
15%
10%9%
8%
6%
25%
Drug Formulations,
Biologicals
Cereal Preparations
Petroleum Products
Medical and Scientific
Instruments
Miscelaneous Processed
items
Cement, Clinker and
Asbtos cement
Others
Note: * - Upto December 2018
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PHYSICAL INFRASTRUCTURE – ROADS
Source: Public Works Roads and Bridges Department, Government of Sikkim, mhupa.gov.in, Ministry of Road Transport & Highways
Road type Length (km) (2016-17)
National highways (NH)
(November 2018)
463
State highways 701.09
District roads* 1,080.85
Other district roads* 334.51
CRF (US$ million) EI & ISC (US$ million)
Allocation Expenditure Accrual Expenditure
2014-15 0.77 0.24 NA NA
2015-16 0.79 NA NA NA
2016-17 1.96 1.40 NA NA
2017-18 1.88 1.25 0.98 1.09
Fund Allocation and Expenditure
Note: NA – Data not available.*as of 2015-16, data is expected to be updated from Sikkim Economic Survey 2018-19
Sikkim had a total road network of 2,425.45 km. The state is
connected to West Bengal & the rest of India through National
Highway (NH)-31A. The Sikkim Nationalised Transport (SNT)
operates 114 buses (covering 43 routes), 64 trucks & 33 tankers
across the state. As per budget 2018-19, more than 2,977 km new
roads have been constructed since 1994.
Bus/truck terminus will be constructed at all district headquarters &
other major stations. 600 km of major district roads to be made
intermediate lane & efforts to black topped with permanent bridges.
The state government proposed an allocation of Rs. 278.59 crore
(US$ 43.23 million) for roads and bridges department during 2018-
19.
The state government has proposed a vision for the development of
roads and bridges until 2020.
17. For updated information, please visit www.ibef.orgSIKKIM17
PHYSICAL INFRASTRUCTURE – RAILWAYS
Indian Railway Construction Company approved the construction of
rail connectivity between Sevoke in West Bengal to Rangpo in
Sikkim.
Total length of rail track between Savor and Rangoon will be 52.7
km. Rail connectivity between Rangpo-Siliguri is also under
construction.
As of May 2018, Indian Railways has planned several projects worth
of Rs 40,000 crore (US$ 6.21 billion) which will involve construction
of rail links connecting capital cities of northeast states such as
Manipur, Mizoram, Meghalaya, Sikkim and Nagaland.
Source: North-East Region Rail Infrastructure presentation; Ministry of Railways, Sikkim Times, June 2013, Assorted news articles
18. For updated information, please visit www.ibef.orgSIKKIM18
PHYSICAL INFRASTRUCTURE – AIRPORTS
Source: Public Works Roads and Bridges Department, Government of Sikkim, mhupa.gov.in, Ministry of Road Transport & Highways
Note: NA – Not available.*- between April-December 2018
In September 2018, Prime Minister of India inaugurated Pakyong airport in Sikkim, the state’s first airport, which is expected to significantly boost
the state’s connectivity. In 2018-19*, passenger and aircraft moments reached 10,007 and 164, respectively.
The greenfield airport has been constructed by Airports Authority of India over 201 acres of area at an estimated cost of Rs 605 crore (US$ 90.24
million). It is located around 30 km from the state’s capital - Gangtok.
Spicejet will be operating flights from the airport under Government of India’s Ude Desh Ka Aam Nagrik (UDAN) regional connectivity scheme.
Spicejet operated Sikkim’s first commercial flight from Pakyong to Kolkata on October 04, 2018.
The airport has a capacity to handle 50 in-bound and 50 out-bound passengers. It is expected to handle over 0.5 million passengers per annum
(mppa).
19. For updated information, please visit www.ibef.orgSIKKIM19
PHYSICAL INFRASTRUCTURE – POWER
As of December 2018, Sikkim had a total installed power generation
capacity of 962.15 MW, of which 151.03 MW was under central
utilities, 399.01 MW was under private utilities & 412.11 MW was
under state utilities. Of the overall installed power generation
capacity in the state, thermal power contributed 87.03 MW, while
hydropower and renewable power contributed 823 MW & 52.12 MW,
respectively.
Power generation in the state reached 8,112 GWH during Apr-Nov
2018. All villages of the state have been electrified.
Sarda Energy and Minerals Limited (SEML) plans to add
hydroelectric capacity of over 125 MW over the upcoming 2-3 years
in Sikkim and Chhattisgarh.
Installed power capacity (MW)
206.40
305.50
314.00
323.48
414.48
758.14
962.14
962.15
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Total Identified capacity (above 25 MW) 4,248
Capacity under operation 2,169
Capacity under construction 1,133
Schemes allotted by the state for
development
55,709
Hydro Electric Potential Development Status (in terms of
Installed capacity (in MW)) (December 2018)
Source: Central Electricity Authority
Note: * As of December 2018, MW – Megawatt, GWH – Gigawatt Hour
20. For updated information, please visit www.ibef.orgSIKKIM20
PHYSICAL INFRASTRUCTURE – TELECOM
The state* recorded tele-density of 89.16 per cent in November
2018.
Virtual Private Network (VPN) and 3G-services are available in the
state.
Forty five common service centres have been constructed across the
state. The centres provide an internet-based interface for
implementing various government programmes and schemes.
Vodafone launched its services in Lachung as the first private
telecom operator in the region. With this expansion, it has now
covered more than 91 per cent of population in Sikkim.
Postal services are available through India Post and other private
courier services.
Wireless subscribers* 58,473,201
Wireline subscribers* 249,683
Internet subscribers*^ (in million) 22.62
Telecom Infrastructure (As of November 2018)
Bharat Sanchar Nigam Limited
(BSNL)
Bharti Airtel
Vodafone IdeaMajor telecom operators in Sikkim
Source: Telecom Regulatory Authority of India
Source: Telecom Regulatory Authority of India
Note: *Includes West Bengal, ^As of September 2018
21. For updated information, please visit www.ibef.orgSIKKIM21
PHYSICAL INFRASTRUCTURE – URBAN
To extend financial support to the state government and to provide
water supply facilities in towns having population less than 20,000,
the centrally sponsored Accelerated Urban Water Supply
Programme (AUWSP) was launched that has been merged with
Urban Infrastructure Development Scheme for Small and Medium
Towns (UIDSSMT).
Under this, US$ 8.7 million has been allocated for development of
water supply systems and sewerage in Mangan, Namchi, Jorethang,
Melli and Rangpo. The Sikkim Water Security & Public Health
Engineering Department (WS & PHED) provides water supply to
Gangtok, six major notified towns, 41 other urban towns and 92
notified rural marketing centres.
As per state budget 2018-19, out of 736 Home stay sanctioned
earlier, more than 90 per cent have been completed and made
operational. All eligible habitation as per 2001 census in the state
shall be connected by PMGSY roads by the year 2019.
The total budget allocation for urban development and housing
during 2018-19 is Rs. 136.23 crore (US$ 21.14 million).
Source: Ministry of Urban Development, Government of India
Year
Funds sanctioned (US$
million)
2014-15 3.35
2015-16 2.10
2016-17 2.09
2017-18* 1.18
Funds Sanctioned to Sikkim under Asian Development Bank
assistance to improve urban services (US$ million)
Note: 2017-18* - Up to November 2017, ^ Status as of January 04, 2019
Classification of AMRUT Cities in Sikkim (Funds allocated,
committed and sanctioned by central) (US$ million)
Total
Allocation
Committed Sanctioned
Fund under AMRUT
Program^
5.55 5.00 1.55
Total number of
AMRUT cities
1
23. For updated information, please visit www.ibef.orgSIKKIM23
SOCIAL INFRASTRUCTURE – EDUCATION
Sikkim has a literacy rate of 81.42 per cent; the male and female
literacy rates were 86.55 per cent and 75.61 per cent, respectively.
The Sikkim Manipal University (SMU), a partnership between the
Government of Sikkim and Manipal Education and Medical Group
(MEMG), provides technical, healthcare and science education. It is
rated as one of the top universities in the country.
Sikkim is the first state to partner with United Nation Educational and
Scientific Organization (UNESCO) MGIEP (Mahatma Gandhi
Institution of Education for Peace and Sustainable Development) for
implementation of Sustainable Development Goal (SDG) in Primary
Text Books.
As of 2017-18, enrolment in higher education in the state stood at
29,000 students.
Source: NEDFI Databank;, Budget 2017-18
Literacy rate 81.42
Male literacy 86.55
Female literacy 75.61
Literacy rates (%)
Funds released for Primary Education (US$ million)
1.61
1.55
1.40
1.08
7.02
6.29
5.40
6.49
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
2014-15
2015-16
2016-17
2017-18
MDM Scheme SSA Programme
*
Note: * As of December 2017
24. For updated information, please visit www.ibef.orgSIKKIM24
SOCIAL INFRASTRUCTURE – HEALTH … (1/2)
Sikkim has an impressive health infrastructure, one of the best in the
country. The state has witnessed declining critical health indicators
such as disease prevalence, mortality rates, morbidity, etc. over the
past years.
Health tourism is being promoted in the state to utilise its medical
infrastructure and boost the economy. The state had 28 primary
health centres, 197 sub-centres, two community health centres and
five district hospitals as of February 07, 2019.
The Department of Health and Family Welfare is instrumental and
responsible for implementation of various national programs in the
areas of health and family welfare as well as prevention and control
of communicable diseases in the state.
Sir Thutob Namgyal Memorial (STNM) Hospital has introduced latest
technology for Laparoscopic Machine in surgery department. Now
onwards patients will be able to undertake medical treatment of
various cases like hernia, gallbladder stone and appendix with
advanced techniques and innovative methodology.
Sub centres 197
Primary health centres 28
Community health centres 2
District hospitals 5
Sub district hospitals 1
Health infrastructure (as of February 07, 2019)
Birth rate (per thousand persons) 16.6
Death rate (per thousand persons) 4.7
Infant mortality rate (per thousand live births) 16
Health indicators (2016)
Source: Central Bureau of Health Intelligence, Government of India, Sample Registration System (SRS) Bulletin, NHRM
Source: Ministry of Health & Family Welfare, NHRM
25. For updated information, please visit www.ibef.orgSIKKIM25
SOCIAL INFRASTRUCTURE – HEALTH … (2/2)
As per the Budget 2018-19, Drug Testing Laboratory is being constructed at Chuwatar at a cost of Rs. 880 Lakh (US$ 1.37 million).
As per the new Budget, Tuberculosis hospitals at Gyalshing and Mangan and Blood Bank at Mangan will be completed in FY2018-19.
Construction of new district hospitals at Mangan at a cost of Rs. 20 crore (US$ 3.10 million) has been initiated.
Sikkim government is also setting up Sowa Rigpa at National Institute of Tibetology, Deorali at a cost of Rs. 10.50 crore (US$ 1.63 million).
Government of Sikkim would provide free health care services with various improvements in infrastructure and improvised provision of complete
health services. Moreover, government is coming up with 1,000 bedded multi-specialty hospital.
Source: Central Bureau of Health Intelligence, Government of India, State Budget 2016-17
27. For updated information, please visit www.ibef.orgSIKKIM27
INDUSTRIAL INFRASTRUCTURE… (1/2)
Brewing, distilling, tanning and watchmaking are the main industries
located in the southern regions of Sikkim.
A small mining industry exists in the state, extracting minerals such
as copper, dolomite, talc, graphite, quartzite, coal, zinc and lead.
Sikkim has identified Rangpo-Gangtok, Melli-Jorethang, Jorethang-
Rishi & Ranipool-Gangtok as industrial corridors with provision for
giving land to investors on a lease basis.
Sikkim is a leading north-eastern state in hydroelectric power
development with 28 different projects identified under PPP mode.
The units that are engaged in the manufacturing sector are mainly
dealing with pharmaceuticals, chemicals, liquors, foam mattresses,
food products, iron rods, etc.
Year
Allocated (US$
million)
Utilized (US$
million)
Employment
generated
2014-15 0.84 0.05 54
2015-16 0.35 0.29 397
2016-17 0.13 0.06 201
2017-18* 0.31 0.04 168
Prime Minister's Employment Generation Programme (PMEGP)
Schemes, fund allocation and utilisation in Sikkim
Note: * As on January 2018
Sikkim has identified agro-based industries, horticulture & floriculture,
minor forest-based industries, animal husbandry & dairy products,
tourism-related industries, IT including knowledge-based industries,
precision oriented high value-low volume products, hydro-power, tea,
education and hospitality as thrust sectors.
The Information Technology (IT) Department, Government of Sikkim
is in the process of setting up a state-of-the-art IT Park and National
Institute of Electronics and Information Technology (NIELIT) at
Pakyong.
28. For updated information, please visit www.ibef.orgSIKKIM28
INDUSTRIAL INFRASTRUCTURE… (2/2)
Cities Population Literacy Rate
Namchi 12,190 88.10%
Gangtok 100,286 89.33%
The central government announced plans to develop Namchi and
Gangtok as two of the 100 smart cities in India.
From the state of Sikkim, Gangtok has been included under AMRUT
(Atal Mission for Rejuvenation and Urban Transformation).
Smart cities in Sikkim
Namchi
Gangtok
30. For updated information, please visit www.ibef.orgSIKKIM30
KEY SECTORS – AGRO & FOOD PROCESSING AND
HORTICULTURE… (1/3)
Source: Indian Horticulture Database 2014-National Horticulture Board, Department of Agriculture Cooperation and Farmers Welfare
Agriculture is vital to the progress of Sikkim as more than 64 per cent of the population depends on it for their livelihoods. The Sikkim AGRISNET
is an internet-based agriculture information centre to promote scientific agricultural methods and convert research into practice in the agricultural
sector.
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.
The surveyed arable land in Sikkim is 109,000 ha, of which only 9.5 per cent is used; this provides a vast untapped potential for development.
The state government is also laying emphasis on improving organic farming in the state. The state was certified as the first fully organic state in
India, by the Central Ministry of Agriculture and Farmers’ Welfare as well as other recognized agencies of the country.
There are large areas of fallow land available, having the potential to be converted into productive farms for cash crops. Egg production in the
state stood at 63.28 lakh units in 2017-18. Meat production in the state was recorded at 4.40 thousand tonnes in 2017-18. Milk production in the
state increased to 4.40 thousand tonnes in 2017-18.
98.0
147.7
121.0
127.7
132.5
134.5
130.1
106.9
190.7
214.6
0.0
50.0
100.0
150.0
200.0
250.0
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18P
Production of vegetables (in ‘000 MT)
15.7
18.5
25.8
22.5
24
24.1
19.7
23.5
25.6
27.0
0
5
10
15
20
25
30
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18P
Production of fruits (in ‘000 MT)
Note: MT: Metric Tonnes, P - Provisional
31. For updated information, please visit www.ibef.orgSIKKIM31
KEY SECTORS – AGRO & FOOD PROCESSING AND
HORTICULTURE… (2/3)
The primary sector contributed around 9.05 per cent to Sikkim’s
GSDP in 2016-17. Agriculture provides livelihood to more than 64
per cent of the people of Sikkim, either directly or indirectly. Sikkim is
the top producer of large cardamom, contributing over 80 per cent to
India’s total production.
The area under production for fruits and vegetables during 2017-18
was 18,330 hectares and 25,540 hectares respectively
The state government is targeting to launch new agricultural
schemes for making farming more profitable and allowing the youth
to determine agriculture as a budding source of livelihood.
Implementation of such schemes is expected to result in increase in
the area utilization for the cultivation & production of various crops.
The state government is also laying emphasis on improving organic
farming in the state.
As per budget 2018-19, allocation of Rs. 484.52 crore (US$ 67.42
million) is made for the development of the agriculture & allied
services sector. Sikkim will become self sufficient in terms of food
grains production within next 5 years.
Source: ENVIS Centre: Sikkim Annual Report; Sikkim Agrisnet; Spices Board, State Budget 2018-19, Department of Agriculture Cooperation and farmers Welfare
Crop Production – 2017-18 (‘000 tones)
Fruits 26.97P
Vegetables 214.61P
Flowers 16.59
Spices 67.14
Sector Allocation (2018-19) (US$ million)
Crop husbandry 24.30
Soil & water conservation 2.40
Animal husbandry 9.22
Dairy development 0.12
Fisheries 0.93
Forestry & wild life 19.28
Plantations 1.36
Food, storage & warehousing 2.94
Cooperation 2.62
Other agricultural programmes 4.25
Note: Exchange rate as per slide number 46, P – Provisional
Budget 2018-19 states that total vegetables requirement to feed the
entire population of the sate (Including tourist and floating population)
is 95,000 metric tonnes per annum
32. For updated information, please visit www.ibef.orgSIKKIM32
KEY SECTORS – AGRO & FOOD PROCESSING AND
HORTICULTURE… (3/3)
In 2003, the state government took the decision to become a fully organic state through a declaration in the legislative assembly. In January 2016,
Sikkim became the first fully organic state in India. Around 75,000 hectares of agricultural land in the state was gradually converted to certified
organic land by implementing practices and principles as per guidelines laid down in National Programme for Organic Production.
The Indian Council of Agricultural Research (ICAR) has established three Krishi Vigyan Kendras (KVKs) in Sikkim to impart training to farmers in
various aspects of agriculture including organic farming
Paramparagat Krishi Vikas Yojana (PKVY) is a sub-scheme under National Mission of Sustainable Agriculture (NMSA) through which assistance
is provided for Organic Farming clusters. The state has around 150 clusters and the government plans to develop 200 more clusters in 2017-18.
State Irrigation Plan (SIP) for the period of 5 years from 2017-18 to 2021-22 has been approved to surface minor irrigation and Repair,
Restoration and Renovation (RRR) of existing water bodies to support Sikkim Organic Mission.
Allocation under PKVY scheme (in US$ ‘000)
1,472.1
1,013.5
614.2
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
1400.00
1600.00
2015-16
2016-17
2017-18
Allocation to Krishi Vigyan Kendras (in US$ ‘000)666
653
738
627
560
580
600
620
640
660
680
700
720
740
760
2014-15
2015-16
2016-17
2017-18
Source: Ministry of Agriculture and Family Welfare.
33. For updated information, please visit www.ibef.orgSIKKIM33
KEY SECTORS – TOURISM… (1/2)
Source: Ministry of Tourism- Government of India, Sikkim Tourism, Government of Sikkim
348
422
485
512
616
700
552
559
577
562
705
741
1376
0
200
400
600
800
1000
1200
1400
1600
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Domestic tourists arrival in Sikkim (in ‘000)
16.5
18.0
17.8
19.2
17.7
20.8
23.9
26.5
31.7
49.2
38.5
66.0
49.1
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Foreign tourists arrivals in Sikkim (in ‘000)
An extraordinary increase in the number of tourists in the state has been witnessed over the past few years owing to the efforts that the state
government is making for promoting tourism in the state.
Sikkim is setting up a fossil park in Mamley (south Sikkim), where rare one billion-year-old Stromatolite fossils occur. GSI plans to set up a
geological museum in Sikkim, displaying fossils, rock samples, etc., from various parts of India. This would attract palaeontology enthusiasts
across the world.
Tourist arrival (domestic and foreign tourist) in the state has increased from 99,000 in 1994 to more than 1.4 million in 2017.
The newly constructed Pakyong airport is expected to provide a significant boost to tourism in the state.
34. For updated information, please visit www.ibef.orgSIKKIM34
KEY SECTORS – TOURISM… (2/2)
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, flori–tourism and adventure tourism has given fillip to the tourism trade
in the state where a large of number of people are engaged under different employment opportunities.
Sikkim has been featured and ranked 17th in the New York Times “52 best places to go in 2017”.
The government is aiming at developing a number of tourist infrastructures in the state so as to provide the tourists with village tourism, nature
tourism, culture tourism, etc.
Sikkim has the perfect blend of natural wealth and topography, which ranges from tropical to temperate to alpine. The state is richly endowed with
thick forests, flora and fauna, lakes, glaciers and mountain peaks, which makes it a tourist paradise.
Creation of tourist complexes, ecotourism, adventure tourism, ethnic-culture tourism, health farms, hotels, convention centres, tourist travel
services, etc., are various avenues for investment in the tourism sector.
Cho-Lhamu lake situated in Sikkim is the highest lake in the country and sixth highest in the world. It is expected that recognition of this lake will
boost tourism in the state.
During 2018-19, an allocation of Rs. 96.99 crore (US$ 15.05 million) is made for the tourism and civil aviation departments.
Ministry of Tourism, Government of India, awarded the capital city of Sikkim, Gangtok, with the title of 'Cleanest Tourist Destination' in the country.
Source: Department of Tourism, Government of Sikkim, state budget 2018-19
35. For updated information, please visit www.ibef.orgSIKKIM35
KEY SECTORS – FLORICULTURE & SERICULTURE…
(1/2)
Sikkim's geographical & environmental conditions are quite conducive for development of floriculture at a higher altitude. The state is also
considered to be the Kingdom of flowers and is an innovator in cultivating Gladiolus.
Sikkim is the natural home to more than 600 different types of orchids, over 100 primulas & rhododendrons. A number of cut flowers & bulbs are
supplied by the farmers to areas in Delhi, Kolkata, Kalimpong, Uttaranchal & Bihar.
The existing industry is at a nascent stage & has the potential to be developed & promoted towards an export-oriented business. The Sikkim
government has announced a technical collaboration with floriculturists from the Netherlands & Thailand to develop the state’s potential in
floriculture & market cut flowers from the state globally.
Sikkim’s most important commercial flowers are Cymbidium Orchids, Gladiolus, Carnation, Gerbera, Asiatic, Oriental Lilies & Anthurium, among
others, that can be grown for domestic & export markets.
During 2017-18, production of cut flowers & loose flowers in the state is expected to reach 0.09 thousand metric tonnes and 16.50 thousand metric
tonnes, respectively.
During the year 2017-18 total funds allocated under National Horticulture Mission For North Eastern Himalayan States for the promotion of
horticulture were Rs 35,330 crores (US$ 5.45 billion) of which Sikkim has been allocated Rs 3,050 crores (US$ 470.86 million).
Source: Indian Horticulture Database 2014-National Horticulture Board
36. For updated information, please visit www.ibef.orgSIKKIM36
KEY SECTORS – FLORICULTURE & SERICULTURE…
(2/2)
Mulberry, muga, eri, oak-tussar & silk are cultivated in Sikkim.
The Sericulture Directorate is responsible for development of
sericulture in Sikkim. The Directorate is maintaining three sericulture
farms, one each in east, south & west district.
Forest Department has two sericulture farms, one at Rorathang (east
Sikkim) and the other at Mamring & Namthang (south district).
The sericulture potentiality of Sikkim state has been explored jointly
by the State Department & Central Silk Board, through launching a
flagship programme titled Catalytic Development Programme.
Over the years with consorted efforts from the both ends (state &
central governments), considerable success have been achieved by
the state sericulture industry in generating employment.
Source: Central Silk Board, Directorate of Sericulture, Sikkim
Year Production
2013-14 0.20
2014-15 8
2015-16 6
2016-17 9
2017-18 0.001
2018-19* 3
Note: * - target between April-September 2018
Raw silk production in Sikkim (million tonnes)
37. For updated information, please visit www.ibef.orgSIKKIM37
KEY SECTORS – PHARMACEUTICALS… (1/2)
Pharmaceutical is an emerging industry in Sikkim due to tax
incentives offered by the state government as well as low
manufacturing and labour costs. Sikkim is home to 14 major pharma
companies, which have significant investments in the state. These
include Cipla, Sun Pharma, Zydus Cadila, Alembic, IPCA, Alkem Lab,
Intas Pharma, Torrent Pharma & Unichem.
The North-East Industrial Development Scheme, 2017 is highly
beneficial for pharmaceutical investments in Sikkim. Some of the
policy incentives provided under the scheme are:
• New industrial units are provided Central Capital Investment
Incentive for Access to Credit (CCIIAC) at 30 per cent of
investment in plant and machinery with an upper limit of Rs 5 crore
(US$ 0.75 million).
• Industrial units set up under the scheme are allowed to claim
reimbursement of central share of income tax for the first five
years of operations
• New industrial units can claim reimbursement of Goods and
Services Tax (GST) paid on finished products manufactured in the
state up to the extent of Central GST and Integrated GST for a
period of five years from date of commencement of production.
Source: Sikkim Human Development Report 2014, North-East industrial
Development Scheme 2017, News articles, DGCIS Analytics
Export of drug formulations, biologicals
(US$ ‘000)
460.0
860.0
1,840.0
9,330.0
1,590.0
0.00
1000.00
2000.00
3000.00
4000.00
5000.00
6000.00
7000.00
8000.00
9000.00
10000.00
2014-15
2015-16
2016-17
2017-18
2018-19*
During 2017-18, drug formulation and biological exports from the
state stood at US$ 9.33 million. The exports stood at US$ 1.59
million during 2018-19*
Note: * - Upto December 2018
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KEY SECTORS – PHARMACEUTICALS… (2/2)
Cipla
Sun Pharmaceutical
industries limited
Zydus Cadila
India-based Cadila Healthcare is a pharmaceutical company headquartered in Ahmedabad, Gujarat. It is the 5th
largest pharmaceutical company in India & is a significant manufacturer of generic drugs. The company has a
workforce of 13,181 employees worldwide.
Cadila Healthcare has global operations in four continents spread across the US, Europe, Japan, Brazil, South
Africa & 25 other emerging markets.
Cipla is one of the world’s largest generic pharmaceutical companies with presence in over 170 countries. It
exports raw materials, intermediates, prescription drugs, over the counter (OTC) & veterinary products, among
others.
The Cipla has 2 plants locations in Rangpo and Rorathang in the state.
India-based Sun Pharmaceutical Industries Limited is a global pharmaceutical company headquartered in
Mumbai, Maharashtra. It manufactures and sells pharmaceutical formulations and Active Pharmaceutical
Ingredients (APIs) mainly in India and the US.
The company offers formulations in therapeutic areas such as cardiology, psychiatry, neurology, gastroenterology
and diabetology. There are 13,000 employees in the company.
40. For updated information, please visit www.ibef.orgSIKKIM40
KEY APPROVALS REQUIRED
List of approvals and clearances required Department
Incorporation of company Registrar of Companies
Registration, Industrial Entrepreneurs Memorandum, industrial licences
Commerce and Industries DepartmentPermission for land use
Allotment of land
Site environmental approval
Sikkim Pollution Control Board
No-objection Certificate and consent under Water and Pollution Control Act
Registration under States Sales Tax Act and Central and State Excise Act
Excise Department, Sales Tax Department, Commercial Taxes
Division, Finance, Revenue & Expenditure Department
Commercial taxes
Sanction of power
Energy and Power DepartmentPower feasibility
Power connection
Approval for construction activity and building plan Building & Housing Department, Public Works Department
Water and sewerage clearance
Water Security & Public Health Engineering Department
Water connection
41. For updated information, please visit www.ibef.orgSIKKIM41
CONTACT LIST
Agency Contact information
Commerce and Industries Department
Government of Sikkim
Gangtok-737101, Sikkim
Phone: 91-3592-202 670
Website: sikkimindustries.gov.in
E-mail: industriesdept@yahoo.co.in
Energy and Power Department
Energy & Power Department
Gangtok, Sikkim
Website: www.sikkimpower.org
E-mail: pbsubba@sikkimpower.org
Sikkim Industrial Development & Investment Corporation Limited
(SIDICO)
Bhanu Path,
Gangtok-737103, Sikkim
Phone: 91-3592-202287, 202637, 209622,
Fax: 91-3592-202287
Website: www.sidico.org
E-mail: mdsidico@rediffmail.com
Directorate of Handloom and Handicrafts
Director, D.H.H, Gangtok
East Sikkim
Phone: 91-3592-203 126/202 926
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COST OF DOING BUSINESS IN SIKKIM
Cost parameter Cost estimate Source
Hotel costs US$ 30-150 per room per night Industry sources
Office space rent (2,000 sq ft) US$ 500-2,500 per month Industry sources
Residential space rent (2,000 sq ft) US$ 100-500 per month Industry sources
Labour cost (minimum wages per day)
Unskilled: US$ 1.8
Skilled: US$ 2.8
Ministry of Labour and Employment,
Government of India
43. For updated information, please visit www.ibef.orgSIKKIM43
STATE ACTS & POLICIES
Objectives
Sikkim Tourism Policy
2018
To develop tourism as a key sector in Sikkim’s economy.
To promote low impact sustainable tourism for the state.
To make Sikkim a prime round the year destination for nature, adventure and culture based tourism
Read more
To establish Sikkim as an ultimate and unique ecotourism destination, offering memorable and high quality learning
experiences to visitors to contribute to poverty alleviation and promote nature conservation.
To promote ecotourism in a sustainable manner based on the Global Sustainable Tourism Criteria.
Sikkim Ecotourism Policy
2011
Read more
IT Policy of Sikkim 2006 To promote the Northeast as an attractive investment destination through several concessions and incentives.
Read more
North East Industrial
Development Scheme
2017
To promote industrialisation in the states in the North Eastern Region
To improve productivity in government departments through computerisation. Read more
To make the state’s farming more respectable, sustainable as well as remunerative.
To extend the conserved traditional agricultural knowledge in the state.
To minimize the use of agrochemicals as well as other hazardous materials in various agro-based plants.
Sikkim Policy on Organic
Farming 2010 Read more
45. For updated information, please visit www.ibef.orgSIKKIM45
ANNEXURE…(1/2) - SOURCES
Data Sources
GSDP (state) Directorate of Economics and Statistics of Sikkim
Per capita GSDP figures Directorate of Economics and Statistics of Sikkim
GSDP (India) Ministry of Statistics and Program Implementation
Installed power capacity (MW) Central Electricity Authority, as of December 2018
Wireless subscribers (No) Telecom Regulatory Authority of India, as of November 2018
Internet subscribers (Mn) Telecom Regulatory Authority of India, as of September 2018
National highway length (km) NHAI, Roads and Building Department - Government of India
Literacy rate (%) Census 2011
Birth rate (per 1,000 population) SRS Bulletin, September 2017
Cumulative FDI equity inflows (US$ billion) Department of Industrial Policy & Promotion, April 2000 to September 2018
Operational PPP projects (No) Ministry of Finance, Government of India
46. For updated information, please visit www.ibef.orgSIKKIM46
ANNEXURE…(2/2) - EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Q3 2018-19 72.15
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
2018 68.36
Source: Reserve bank of India, Average for the year
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DISCLAIMER
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