Draft Annual Plan 2008-2009 Part-II Government of Sikkim

Abstract

The State of Sikkim, has been accorded with the status of the most Investor-Friendly State with minimal labour problems. the State has a huge potential for industry in areas where the State enjoys a comparative advantage. The major endowments of the State are its nature and natural resources. The State has also a huge potential for hydro-electricity. the prospect of opening up of the border trade through Nathula poses both challenges and opportunities for the State. It is in this context that the importance of industry and trade lies in optimal use of its resources and making the most of the emerging opportunities to realize the State’s potential of industry and trade which would ensure smooth transition of the State from being overwhelmingly dependent on the public sector to a vibrant economy based on private sector initiative, enterprise and entrepreneurship.