Under the Vision 2030, the processing capacity of horticulture produce will be enhanced from 7.5% to 15% of the total horticulture production by 2030.
Uttarakhand is in the foothills of the Himalayan Mountain range. The state shares borders with China (Tibet) in the north, 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 is home to more than 175 species of rare medicinal, aromatic & herbal plants. The state has proximity to the national capital, Delhi, a leading market of the country and excellent connectivity with neighbouring states. Uttarakhand has abundant natural resources due to hills and forests. Its agro-climatic conditions support horticulture-based industries. The vast water resources available in the state are also favourable for hydropower.
Uttarakhand is one of the fastest growing states in India, thanks to the massive growth in capital investment arising from conducive industrial policy and generous tax benefits.
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 with over 39,000 km of road network, two domestic airports, and 345.23 km of rail routes.
As of May 2022 (Up to December), 30 Industrial Entrepreneurs Memorandums (IEMs) worth US$ 209.30 million) have been filed in Uttarakhand.
The presence of several hill stations, wildlife parks, pilgrimage places and trekking routes make Uttarakhand an attractive tourist destination. The tourism sector is accepted as a growth driver for inclusive social economic progress through its forward and backward links and the ability to create employment in the economy. The state is considering the development of spiritual and religious theme-based circuits for tourism. Under the Swadesh Darshan scheme of the central government, Uttarakhand is a site for eco-tourism. Other themes may involve treks/hikes/tours to view famous Himalayan peaks or treks along the course of the Ganga River, places of culinary interest, or villages where communities maintain traditional lifestyles that tourists may find interesting. The state witnessed surge in tourist arrivals, with 7 crore tourists arriving in 2023, it is expected to grow by 20% to 8.4 crore in 2024.
At current prices, Uttarakhand’s GSDP is projected to be Rs. 4.29 trillion (US$ 50.26 billion) in FY26. Between FY19 and FY26, GSDP of the state is estimated to increase at a CAGR of 8.86%. According to the Department for Promotion of Industry and Internal Trade (DPIIT), Between October 2019-December 2024, FDI inflow in Uttarakhand stood at Rs. 1,691 crore (US$ 217.5 million). In FY25 (Until February 2025), the total exports from the state stood at Rs. 13,239 crore (US$ 1.55 billion). Major items exported from Uttarakhand are Engineering Goods and Drugs and Pharmaceuticals, Electronic Goods, Plastic and Linoleum, etc.
Uttarakhand is one of the fastest growing states in India, thanks to the massive growth in capital investment arising from conducive industrial policy and generous tax benefits. The MSME sector plays a crucial role in the economic and social development of the state as this sector is the nursery of entrepreneurship. The government has placed a special mandate in its Vision 2030 strategy to develop the MSME sector. In the State Budget 2024-25, crop husbandry has been allocated Rs. 644 crore (US$ 77.25 million) which includes schemes such as National Mission for Natural Farming and PMKSY. Additionally, Rs. 157 crore (US$ 18.83 million) is allocated for research assistance to agriculture institutions. As part of the State Budget 2023-24, over the next three years, 50,000 polyhouses (a type of greenhouse) will be set up to promote cluster-based horticulture. Six ‘aroma valleys’ will also be developed, such as the Cinnamon Valley in Nainital and Mint Valley in Haridwar.