Snapshot

100% electricity generated from green energy sources

With five perennial rivers flowing through the state, Himachal Pradesh has the potential to contribute 26% to India's hydropower potential. The State has an estimated hydropower potential of over 27,000 MW.

The Baddi-Barotiwala-Nalagarh industrial belt has emerged as a key manufacturing hub for various sectors and the region is known to be Asia’s largest bulk drug manufacturing area.

Located in the western Himalayas, Himachal Pradesh is known for its scenic beauty. The state attracted around 19.6 mn tourists in 2017, which is about 3 times the size of its population. The State Government has also developed appropriate infrastructure for tourism development which includes a provision of public utility services, roads, communication network, airports, transport facilities, water supply and civic amenities, among others.

Hydel Power

Accounts for 26% of total hydel power potential of India

Apple

2nd largest producer of apples in India

Institute

Highest growth in the number of technical institutions in last 6 years

Tourism

Tourism sector contributed over 6.6% to Himachal Pradesh's GDP during 2017 and is expected to reach about 18% by the end of 2022.  

The state is famous for its Himalayan landscapes and popular hill-stations. The state attracted about 19.6 mn tourists in 2017, which is close to 3 times the size of its population.

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Power

With five perennial rivers flowing through the state, Himachal Pradesh has the potential to contribute 26% of the total hydropower potential of India.

The State has an estimated hydro potential of 27,436 MW; out of which 24,000 MW has been assessed as harnessable. It has a total installed hydropower generation capacity of 2,910 MW.

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Pharmaceuticals

Himachal Pradesh has emerged as the largest hub for drug manufacturing units in Asia. Over 300 pharmaceutical companies, including Ranbaxy, Dr Reddy’s, Morepen and Torrent Pharmaceuticals have set up operations in the state.

The state is also active in Ayurvedic ways of treatment through its 28 ayurvedic hospitals, 1,175 ayurvedic health care centres, 2 regional ayurvedic hospitals and 3 unani health care centres.

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Agro and Food Processing

Agro and food processing sector contributes about 10% to Himachal Pradesh's GDP and employs about 62% of the workforce.

Major crops grown in the state include rice, maize, potato, ginger, etc. The state is one of the leading producers of off-season vegetables.

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Tourism
Power
Pharmaceuticals
Agro and Food Processing
10

Urbanisation Rate

Females/ 1000 Males
972

Female/Male Ratio

Male/Female Ratio

Demographics

About 66% of Himachal Pradesh's population is in the working age group of 15-59 years. 

Himachal Pradesh stands at 21st position in terms of population amongst all states in India. The state's population of  6.9 mn is equivalent to the population of Bulgaria.

Skilled Manpower

  • 1

    Central University

  • 5

    State Universities

  • 17

    Private Universities

  • 44

    Engineering Colleges (AICTE approved)

  • 8

    Management Institutes

  • 14

    Pharmacy Colleges

  • 261

    Industrial Training Institutes

  • 33

    Polytechnic Institutes
  • Open

    HP Biotechnology Policy 2014

    To make Himachal a preferred and globally competitive destin…

  • Open

    HP Eco Tourism Policy 2017

    To establish the state as a leading ecotourism destination

  • Open

    HP Heritage Tourism Policy 2017

    Guidelines to identify Heritage Hotels in the state, and inc…

  • Open

    HP Hydro Policy 2006 (Amended in 2018)

    To speed up the Power Development in the State and achieve c…

  • Open

    HP Industrial Policy 2017

    To encourage investment and to facilitate ease of doing busi…

  • Open

    HP Mission on Food Processing Industries…

    To promote facilities for post-harvest operations including…

  • Open

    HP Single Window Act 2018

    To provide for time bound clearances for setting up of an in…

  • Open

    HP Solar Policy 2016

    To promote generation of electricity from solar energy for s…

  • Open

    HP Startup Policy 2016

    To promote new ideas/ products and processes suitable for co…

  • Open

    HP Sustainable Tourism Development Polic…

    To promote sustainable tourism in the state and promote inve…

  • Open

    IDS 2017 General Operational Guidelines…

    Incentives under the Industrial Development Scheme 2017 for…

  • Open

    Industrial Development Scheme for Himach…

    To promote industrialisation in the states of Himachal Prade…

*As per secondary research sources

Investible Projects

Investment Opportunities in Himachal Pradesh

  • Projects

    86

  • Opportunity

    $853.44 mn

  • Promoters

    12

  • District

    10

  • Private Projects

    20

  • Govt. Projects

    66

open

$157.16 mn

Road Upgradation Project [Punjab HP Border-Sihuni]

State (s) Himachal Pradesh
open

$140.61 mn

Road Upgradation Project [Kangra]

State (s) Himachal Pradesh
open

$61.33 mn

Smart Parking Project [Dharamshala]

State (s) Himachal Pradesh
open

$51.92 mn

Walkway Project [Dharamshala]

State (s) Himachal Pradesh
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State Url

Data on Map

  • Business Opportunities in Himachal Pradesh

Major Investors

Updates from Himachal Pradesh

  • Report

    Healthy States Progressive India

  • Report

    Setting up Business in India