Business Opportunities in Himachal Pradesh

Tourism

One of the most visited North Indian State by international & domestic tourists & recognized as Asia’s #1 paragliding site, Tourism contributes 7% to Himachal Pradesh’s GDP and the state aims to increase the share to 8.5 % by the end of 2022

The state is famous for its Himalayan landscapes and popular hill stations.

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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 27,587 MW; out of which 10,948 MW has been assessed as harnessable.

It has a total installed hydropower generation capacity of 2,910 MW

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AYUSH and healthcare in Himachal Pradesh

Pharmaceuticals

Himachal Pradesh has emerged as the largest hub for drug manufacturing units in Asia, meeting 35% of their demand of Pharma formulation.

The state has a widespread presence of 600+ Pharma Formulation Manufacturing Units and over 300 Pharma companies, including Ranbaxy, Dr Reddy’s, Morepen and Torrent Pharmaceuticals. 40% of India’s total manufacturing of drug formulations is in Himachal Pradesh. Exports of Pharma stand at $ 1033.81 mn of total State’s exports.

Upcoming Bulk Drug Park in Haroli in Una district is expected to provide employment to more than 20,000 people.

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Agro and Food Processing

Ranks 2nd in production of Apples & Almonds in the country

With four favourable agro-climatic zones, Himachal Pradesh is one of the largest producers of off-season vegetables viz. capsicum, tomato, peas, cabbage, cucumber, and exotic fruits viz. Persimmon & Kiwi. The state is known as the “Fruit and Vegetable Bowl of India”.

The State has availability of a dedicated Mega Food Park, Cold Chains, and Food Processing Units, standing as a testament to the presence of world’s leading food processing players in the State, including Britannia, TATA, Cremica, ITC, Pepsico, and Nestle.

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Medical Devices

The first Medical Devices Park in northern India spread over 265 acres has been approved by the Government of India in Nalagarh, Solan

Himachal Pradesh is ranked #1 among ‘North-Eastern/Hill States’ in India Innovation Index 2020 & is recognized as the best performing State in Bio-Medical Waste Management by CPCB (2020)

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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 the 20^th 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.