Last Updated: January 15, 2014
Latest update: November, 2014
Last Updated: November, 2014
UTTARAKHAND State Report | November, 2014
Uttarakhand is located at the foothills of the Himalayan mountain ranges. The state shares borders with China (Tibet) in the north and Nepal in the east and inter-state boundaries with Himachal Pradesh in the west and northwest and Uttar Pradesh in the south.
It has almost all agro-geo climatic zones, which provide commercial opportunities for floriculture and horticulture. The state has 175 rare species of medicinal and aromatic plants.
The state witnessed massive growth in capital investments due to a conducive industrial policy and generous tax benefits. Therefore, Uttarakhand is one of the fastest growing states in India. The gross state domestic product (GSDP) increased at a compound annual growth rate (CAGR) of 20.5 per cent during 2004-05 to 2013-14, outpacing the 15 per cent growth witnessed by all states combined.
The state has close proximity to the national capital Delhi, a leading market of the country and excellent connectivity with neighbouring states. Abundant natural resources due to hills and forests supporting tourism, and vast water resources favouring hydropower. Agro-climatic conditions support horticulture-based Industries.
The state offers a wide range of benefits in terms of interest incentives, financial assistance, subsidies and concessions. Uttarakhand has a robust social and industrial infrastructure, virtual connectivity, over 52,628 km of road network, two domestic airports, 345 km of rail routes and an installed power capacity of 2,634.69 megawatt (MW).