Investment in Himachal Pradesh

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.

Accounts for 26% of total hydel power potential of India

2^nd largest producer of apples in India

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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Urbanisation Rate

Females/ 1000 Males

Female/Male Ratio

Demographics

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

Himachal Pradesh stands at 21^st 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.

Upcoming projects:

Bulk Drug Pharma Park and Biotechnology Park at Nalagarh (Solan district)
Mega Food Park and Mega Textile Park in Una
Industrial areas at Kandrori (Kangra district) and Pandoga (Una district)
Smart Cities Mission, for which Dharamshala and Shimla are the cities identified in Himachal Pradesh

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*Validated OnJul 24, 2018

HP Industrial Policy 2017

To encourage investment and to facilitate ease of doing busi…
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HP Mission on Food Processing Industries…

To promote facilities for post-harvest operations including…
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HP Solar Policy 2016

To promote generation of electricity from solar energy for s…
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HP Startup Policy 2016

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