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Introduction |
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Himachal Pradesh, one of the fastest emerging states, located in the northwest of India is offering tremendous investment and business opportunities in sectors, such as construction and manufacturing. The state government has developed attractive investment climate by formulating various investment-friendly policies and initiatives. Investment in the manufacturing sector in Himachal Pradesh grew up by 95.5 per cent. The investment in the construction sector rose from USD 48.2 million as of March 2006 to USD 492.6 million as of March 2007. This recorded a massive growth in the GDP of USD 7 billion during 2006-07.
Advantage Himachal Pradesh
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Ranked first on the incentives index by NCAER
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Ranked second on consumer market index.
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Most urbanised state in the country.
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One of the lowest power tariff and cost of power generation in the country.
There are several factors that affect evolution of an industry in a region. Some of the major factors are:
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Policy
proactiveness: The policy that a state government adopts towards a sector directly affects its attractiveness for further investment. For example, the State Government has given many concessions for the establishment of industries. This has prompted many industry players to establish their manufacturing facilities in the state.
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Availability
of natural resources: Certain industries like agro-based industries have a high dependence on the availability of natural resources. The availability of high quality limestone spurred the growth of the cement industry in the state.
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Capability:
Availability of good quality manpower is essential for industries to flourish. High literacy rates and good quality workforce are added assets for the state.
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Content Source: www.ibef.org
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| Public Private Partnerships |
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