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Himachal Pradesh

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About Himachal Pradesh

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 23,000 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. Himachal Pradesh is known for its scenic beauty and the Domestic tourist arrival is expected to grow at a CAGR 5.90 %. 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.

Snapshot

Himachal Pradesh
  • 224 Opportunities
  • 4.97 bn USD Worth

Mode of Implementation

  • 96 EPC
  • 70 Others
  • 58 PPP
  • 0 Turnkey
Himachal Pradesh | Requirement

Sectors

Real Estate

60 Opportunities

worth 431.22 mn USD

Urban area population will increase from 460 to 600 million between 2018-31

Tourism

52 Opportunities

worth 928.81 mn USD

A key driver of growth in the service sector in India.

IT & Telecom

28 Opportunities

worth 25.71 mn USD

India has the 2nd largest telecom network in the world

Transport

22 Opportunities

worth 2.89 bn USD

A key driver of India's infrastructural growth

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Policies
  • HP Industrial Investment Policy and Rules, 2019

    To create an investment climate for existing industries to grow as well as to attract further investment in the State.

  • HP Hydro Policy 2006 (Amended in 2018)

    To speed up the Power Development in the State and achieve capacity addition

  • HP Film Policy 2019

    To develop Himachal Pradesh as an important destination for film production

  • HP Heritage Tourism Policy 2017

    Guidelines to identify Heritage Hotels in the state, and incentives available to them

  • IDS 2017 General Operational Guidelines for HP and Uttarakhand

    Incentives under the Industrial Development Scheme 2017 for HP and Uttarakhand

  • HP Mission on Food Processing Industries 2014

    To promote facilities for post-harvest operations including setting up of food processing industries.

  • HP Sustainable Tourism Development Policy 2013

    To promote sustainable tourism in the state and promote investments in tourism.

  • HP Startup Policy 2016

    To promote new ideas/ products and processes suitable for commercialization through startups.

  • Industrial Development Scheme for Himachal Pradesh (HP) & Uttarakhand, 2017 (Amended Oct 2018)

    To promote industrialisation in the states of Himachal Pradesh and Uttarakhand.

  • HP Solar Policy 2016

    To promote generation of electricity from solar energy for sustainable development.

  • HP Eco Tourism Policy 2017

    To establish the state as a leading ecotourism destination

  • HP Industrial Policy 2017

    To encourage investment and to facilitate ease of doing business in Himachal Pradesh.

  • HP Biotechnology Policy 2014

    To make Himachal a preferred and globally competitive destination for development of biotechnology products, processes and services

  • HP Single Window Act 2018

    To provide for time bound clearances for setting up of an industrial undertaking, commencement of production therein and promotion of industrial development in the State.