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 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)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)