Last Updated: May 15, 2015
Latest update: November, 2014
Last Updated: November, 2014
HIMACHAL PRADESH State Report | March, 2015
Himachal Pradesh is located in the northern region of India. The state is surrounded by Jammu and Kashmir on the north, Punjab on the west and the south-west, Haryana on the south, Uttar Pradesh on the south-east and China on the east.
Himachal Pradesh is one of the fastest growing states in India. Its per capita gross state domestic product (GSDP) is estimated at US$ 1,945.6 during 2013-14 compared with the national per capita GDP of US$ 1389.61.
With a hydro power potential of 23,000 megawatt (MW) (of which just 8,368 MW has been harnessed), Himachal Pradesh accounts for 25 per cent of the country's total hydro power potential. The state also boasts of a high level of village electrification; about 17,480 of 17,495 villages had been electrified by the end of March 2013. The state has also attracted investments in other sectors including in pharmaceuticals, IT and engineering industries.
The State Government of Himachal Pradesh offers a wide range of policy and fiscal incentives for businesses under the Industrial Policy, 2004. The state has also undertaken other policies such as Tourism Policy 2005 and IT Policy 2001 for upgradation of these sectors in the state.