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.

Visit Sector

Power

With five perennial rivers flowing through the state, Himachal Pradesh has the potential to contribute about 17% of the total hydropower potential of India

Out of the total harnessable hydro potential of about 23,458 MW, 10,580 MW has already been harnessed.

Visit Sector

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.

Visit Sector

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.

Visit Sector

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)

Visit Sector

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.