The statue was consecrated on 25 March 2013 by the 14th Dalai Lama, and became a stop on the 'Himalayan Buddhist Circuit'. The statue of the Buddha marks the occasion of the 2550th birth anniversary of Gautama Buddha. This statue was built and installed in the place through the joint efforts of the Sikkim government and its people. The Buddhist circuit of this park was built here under a State government project, for boosting pilgrimage and tourism in the region. The Cho Djo lake is located within the complex, surrounded by forest.