Thursday, October 1, 2015

Mint award for ‘competitive’ Sikkim

Sikkim was conferred with the most competitive state in India award in the category of North East economies by The Mint Newspaper. The award was handed over in a ceremony held on 30 September in New Delhi. Principal Secretary-cum-Principal Resident Commissioner, Sikkim House, New Delhi, Govind Mohan received the award on behalf of the state government.
The newspaper felicitated States that qualified under various categories of Mint States’ Competitiveness awards.
The awards were declared on the basis of studies done by Institute of Competitiveness, India, in association with Mint. The institute is a part of global network of the Institute for Strategy and Competitiveness at Harvard Business school, pioneered by Professor Michael Porter.
Sikkim emerged as the most competitive State in India, in the category of North East economies. The citation accompanying the award reads as follows:
“The state does well on parameters such as factor conditions, the context for strategy and related and supporting industries.
The state is richly endowed with exotic flora and fauna. Sikkim has several snow-capped peaks, including the Kanchenjunga, the world’s third-highest peak that attracts a large number of tourists from across the world. It is also developing its adventure tourism potential.
The state’s gross state domestic product expanded at a compound annual growth rate of 18.3% between 2004-05 and 2014-15. Sikkim has also done well on the sanitation front. It has a suitable climate for agricultural and horticultural products. Its supports multiple crops such as rice, wheat, maize, millet, barley, urad, peas, soyabean, mustard and black cardamom. Sikkim is the top producer of black cardamoms, contributing more that 80% of India’s total production. It has also performed well on the electricity front and has huge potential to develop hydroelectricity”.

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