Himachal Pradesh has attracted investments in the pharmaceuticals, IT and engineering industries. Agriculture also plays a significant role in the state's economy. The state has a robust food processing sector.
Himachal Pradesh is targeting 8.5per cent annual economic growth rate during the Eleventh Five-Year Plan period (2007-2012). In 2008-09, Himachal Pradesh's Gross State Domestic Product (GSDP) was US$ 5.8 billion. It grew at a CAGR of 7.5 per cent between 1999-2000 and 2008-09.
Himachal Pradesh had outstanding investments of US$ 16.3 billion as of March 2010. FDI inflows from April 2000 to May 2010 amounted to US$ 772 million. The bulk of the investments were in the power (64 per cent) and manufacturing (15 per cent) sectors.
Over US$ 7.1 billion of investments have been made in ramping up Himachal Pradesh's industrial infrastructure as of March 2010. Over 95 percent of the investments in infrastructure have been made in the areas of power generation and distribution.
The state offers a wide range of fiscal and policy incentives for businesses under the Industrial Policy, 2004. Additionally, the state has well-drafted sector-specific policies for the biotechnology and IT.State Presentation (November 2010)
Click here to Download File (Size: 1.01 MB )