Uttarakhand has abundant natural resources because of its hills and forests. It has abundant water resources, favouring hydro-power generation. The agro-climatic conditions also favour horticulture-based industries.
The state offers a wide range of benefits in terms of tax exemptions, interest incentives, financial assistance, subsidies and concessions.
The state is close to the national capital region (NCR) of Delhi, a leading market of the country. It also has excellent connectivity with the neighboring states. The state has well-developed social and industrial infrastructure as well as virtual connectivity. It has good power, airport, rail and road infrastructure.
At current prices, the Gross State Domestic Product (GSDP) for 2006-07 was US$ 7.0 billion. Between 1999-2000 and 2006-07, the average annual GSDP growth was 28.8 per. The services sector has contributed significantly to the economic growth in the state. Industries such as IT/ITeS, agriculture and forest-based products and hydropower are expected provide the state sustainable progress in future.
The natural resources, policy incentives and infrastructure in the state support investments in the drugs and pharmaceuticals, biotechnology, IT/ITeS, mines and minerals, textiles, leather and tourism sectors. In recent years, Uttarakhand has been highly successful in attracting long-term investments because of its key industrial and sector-specific policies. Developing appropriate infrastructure has also been a key strategy of the state to attract investments in various industries.State Presentation (April 2010)
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