Trade Analytics

Go Back

Industrial Development & Economic Growth in Himachal

August, 2015

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 has made significant achievements in the field of industrialisation in the past few years. As of December 2013, there were 494 medium and large-scale industries and about 39,325 small-scale industries; with a total investment of around US$ 3.2 billion, operating in the state.

In an effort to provide infrastructure support to entrepreneurs, the Himachal Pradesh government has developed 41 industrial areas and 17 industrial estates. Solan, Sirmour, Kangra and Una districts lead in terms of investments attracted.

The following are some of the major initiatives taken by the government to promote Himachal Pradesh as an investment destination:

  • Himachal Pradesh has made significant achievements in the field of industrialisation in the past few years.
  • The Department of Environment, Science & Technology (DEST), Government of Himachal Pradesh, proposes to develop a Biotechnology Park (BTP) spread over an area of about 35 acres at village Aduwal in Solan under public-private partnership (PPP) mode in the state. The park would have a Biotechnology Incubation Centre and a Biotechnology Industrial Cluster.
  • The Government of Himachal Pradesh has signed a MoU with Jaypee Industries to establish a large cement plant at Broh Shind (Chamba district).
  • The state has launched a venture capital fund dedicated to the IT industry, with a corpus of around US$ 4.2 million. It is funded jointly by Small Industries Development Bank of India (SIDBI) and other state government agencies.

Download File Click here to Download File   (Size: 1.95 MB )