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: