On the electoral prospects of an opposition alliance to take on the ruling Sikkim Democratic Front (SDF), Bhutia said serious deliberation was underway with the BJP and other like-minded parties.
Not new to politics, the former footballer had unsuccessfully contested the 2014 Lok Sabha elections from Darjeeling and the 2016 West Bengal Assembly elections from Siliguri.
In February last year, he resigned from the Trinamool Congress (TMC).
The SDF-led government under Chief Minister Pawan Kumar Chamling has proved to be a "disaster" in the state, he alleged.
"Chamling is an elected dictator who behaves like a monarch... he is also corrupt," Bhutia claimed and asserted that continuation of the SDF supremo as chief minister will be detrimental to Sikkim's democracy, governance and economy.
The HSP vice-president also accused Chamling of keeping a vice-like grip on his party colleagues. "There has never been a second person or leader in the SDF in its 25 years of existence... it is Chamling and Chamling alone."
Bhutia came down heavily on the chief minister for the issue of unemployment in Sikkim, and said his government had done very little to provide jobs to the youth.
"It is his inability to create jobs, which has created a lot of unhappiness, and led to an alarming rate of suicides in the state," he said, adding, suicide rate in Sikkim is the highest in the country.
Improving education and sports infrastructure will be a key agenda of HSP to overcome the high suicide rate, the Padma Shri awardee said.
Bhutia said that protection and preservation of the rights of the three indigenous communities - Lepcha, Bhutia and Sikkimese Nepalese people - will feature on top of his party's priority list in the upcoming elections.
Criticising Chamling's much-touted Organic Mission, he said food production has gone down by 65 per cent in Sikkim and land meant for agricultural purposes have been cut down by half during the CM's rule for over two decades.
The HSP leader also alleged massive corruption in the state's power sector and claimed that Chamling had sanctioned 40 power projects despite them being non-viable.
He said the chief minister has accrued "a huge debt of up to Rs 60,000 crore" on Sikkim by taking various "populist and short-sighted decisions" meant for his own political survival.
"Now, the state government does not have money to pay arrears to its employees even after implementation of the 5th Pay Commission report," Bhutia said.
The former captain also accused Chamling of keeping the Central Bureau of Investigation (CBI) out of the state through a memorandum, due to "his fear of being brought to book for various acts of financial transgressions".
Often considered a torchbearer of Indian football, Bhutia added that he will try to create an environment to encourage the Sikkimese youth to take up the sport in a big way.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.