Himachal Pradesh is located in the Northern region of India. The state is surrounded by Jammu & 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.
The state has well-developed social, physical and industrial infrastructure and virtual connectivity. It has a strong hydropower base because of its water resources and topography. It is supported by enabling policies. The Government of Himachal Pradesh is committed towards creating a progressive business environment.
The rich natural resources of the state are favourably suited for investments in major sectors such as procurement of agricultural produce, hydroelectric power, cement and tourism. Himachal Pradesh is naturally suited for hydropower generation and accounts for around 25 per cent of India's total hydropower potential.
Tourism is one of the most important sectors for the state economy in terms of foreign exchange earnings as well as creation of employment opportunities.
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 well-drafted sector-specific policies for biotechnology and IT. The state has a large base of skilled labour, making it a favourable destination for knowledge-based sectors. Further, the state has a large pool of semi-skilled and unskilled labour.
State Presentation (March 2013)