In Sikkim, industry plays a vital role in the economy of the State. Sikkim has seen a great boom in the industries in the recent years. The Commerce and Industries Department of Sikkim is involved in promotion of trade and industry in the state. The Sikkim Industrial Development & Investment Corporation Limited (SIDICO) is the state-level institution engaged in promoting, financing and developing the tiny and Small Scale Industries (SSI) sector in the state.
Sikkim has 4,500 varieties of flowering plants, 550 orchids, 36 rhododendrons and nine tree ferns, presenting an avenue for investment in floriculture. The most important commercial flowers of Sikkim are Cymbidium Orchids, Gladiolus, Carnation, Gerbera, Asiatic and oriental Lilies, Anthurium etc which can be grown both for domestic and export market.
MEDICINAL PLANTS AND BAMBOO
The agro-climatic conditions in the state support a wide variety of exotic flora and fauna that have utility in the medicine sector. About 22 different medicinal and aromatic plants are cultivated under contract farming for the National Medicinal Plants Board, the Department of Ayurveda and the Ministry of Health and Family Welfare, Government of India. The state is rich in biodiversity and over 424 species of medicinal plants and herbs are found throughout the state. Sikkim has 28 varieties of bamboo, offering potential for developing the handicrafts, construction, medicine, packaging and food processing industries.
AGRICULTURE, HORTICULTURE AND FOOD PROCESSING
Sikkim has a suitable climate for agricultural and horticultural products. It supports multiple crops, viz., rice, wheat, maize, millet, barley, urd, pea, soya bean, mustard, potato, sweet potato, tea, mandarin orange, banana, jackfruit, papaya, passion-fruit, litchi, broccoli, onion, egg-plant, carrot, tomato, radish, pumpkin, turmeric, coriander, chilly, ginger, garlic and large cardamom.
Tourism is one of the important sector of the state. Sikkim is one of the best hill destinations at the global level. 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.
About 552,500 domestic and 23,600 foreign tourists visited the state during 2011. Cho-Lhamu lake situated in Sikkim is the highest lake in the country and sixth highest lake in the world. It is expected that recognition of this lake would boost tourism industry in the state.
Creation of tourist complexes, eco-tourism, adventure tourism, ethnic-culture tourism, health farms, hotels, convention centres, tourist travel services, etc., are various avenues for investment in the tourism sector.
The Sericulture Directorate is responsible for development of Sericulture in Sikkim. The directorate is maintaining three sericulture farms, one each in East, South and West District. Mulberry, muga, eri, oak-tussar and silk are cultivated in Sikkim. Forest Department has two Sericulture Farms, one at Rorathang (East Sikkim) and other at Mamring and Namthang (South District).
HANDLOOM AND HANDICRAFTS
Directorate of Handicrafts and Handlooms, Government of Sikkim, promote and preserve the rich arts and crafts of the state. Sikkim’s handicrafts are being promoted in various national and international trade fairs and have found ready buyers. Carpet weaving, blanket making, handloom, cane and bamboo, thangka painting, lepcha hat-making and angora shawl-weaving are the various handlooms and handicraft activities practiced in Sikkim
Tea grown in the Temi region of South Sikkim is famous by its brand name “Temi” tea. The tea has its unique flavour and about 100 metric tonnes of tea is produced, annually. The revenue receipt of Temi Tea Estate from sale proceeds stands at Rs.3, 41, 30,927 for the year 2015-16.
Some of the industries of Sikkim that deserve a special mention are:
1. Pharmaceuticals - eg. Sun Pharma Laboratories Ltd., Cipla Ltd., Alkem Laboratories Ltd., Glenmark Pharmaceuticals Ltd., Torrent Pharmaceuticals Ltd.
2. Eco-tourism (Hotels) - eg. Mayfair Spa & Resort Pvt. Ltd., Saramsa Resort Pvt. Ltd., Suhim Portico, Hotel Demazong, Hotel Modern Residency.
3. Food Processing – Govt. Fruit Preservation Factory (GFPF),C.G. Foods(India) Pvt. Ltd.
4. Breweries - Denzong Albrew Pvt. Ltd., Yuksom Breweries Ltd., Mount Distilleries Ltd., Sikkim Distilleries Ltd., Himalaya Distilleries Ltd.
5. Cosmetics - Zydus Wellness
6. Mattress - Sheela Foam Pvt. Ltd.