Latest update: October, 2018
Last Updated: October, 2018
HIMACHAL PRADESH State Report | October, 2018
Himachal Pradesh is located in the northern region of India. The state is surrounded by Jammu and Kashmir on the north, Punjab on the west and the south-west, Haryana on the south, Uttar Pradesh on the south-east and China on the east.
Himachal Pradesh is one of the fastest growing states in India. The gross state domestic product (GSDP) grew at a compound annual growth rate (CAGR) of 11.48 per cent between 2011-12 and 2016-17. Its per capita GSDP is estimated at Rs 173,469 (US$ 2,585.61) during 2016-17 compared with the national per capita GDP of US$ 1,750.29.
As of July 2018, Himachal Pradesh had a total installed power generation capacity of 4,046.81 megawatt (MW). With a hydro power potential of 18,820 MW (of which just 9,755 MW has been harnessed), Himachal Pradesh accounts for 25.9 per cent of the country's total hydro power potential. All the villages of Himachal Pradesh were electrified. The state has also attracted investments in other sectors including in pharmaceuticals, IT and food processing industries.
The State Government of Himachal Pradesh offers a wide range of policy and fiscal incentives for businesses under the Industrial Policy, 2017. The state has also undertaken other policies such as Tourism Policy 2005 and IT Policy 2001 for upgradation of these sectors in the state. Himachal Pradesh has announced a Revised Solar Policy 2016 under which it plans to establish 700 MW of solar photovoltaic cell capacity.
The state (including Chandigarh, Punjab and Haryana) has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 1.47 billion during the period April 2000 to June 2018, according to data released by Department of Industrial Policy and Promotion (DIPP).
Last Updated: October 18, 2018