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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)