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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)