Economy
Mangan is known as the Cardamom Capital of the world. The climate and terrain best suit the cultivation of the larger variety of Cardamom here.
The region has many power projects and enjoys almost uninterrupted electricity. The steep gradient and the innumerable lakes on the higher reaches facilitate ideal conditions for generation of hydro electric power.
In 2006 the Ministry of Panchayati Raj named North Sikkim one of the country's 250 most backward districts (out of a total of 640). It is the only district in Sikkim currently receiving funds from the Backward Regions Grant Fund Programme (BRGF).
Read more about this topic: North Sikkim District
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)