Uttarakhand located at the foothills of the majestic Himalayan mountain ranges is known for its pristine beauty and breath-taking locales. While the State has always been acknowledged as a Tourism hub due to its snow covered peaks, Gushing rivers, Verdant valleys, Untouched forests & the presence of major religious destinations, the young State has also emerged as one of the major investment destinations for manufacturing in the country particularly in Automobiles, Pharmaceuticals & Food Processing due to its business friendly environment, conducive investment policies and simplified regulations.
The State has witnessed a Compound Annual Growth Rate (CAGR) of 10.34 % (between FY 2011-12 and 2018-19) mainly due to the growth of the manufacturing sector which now contributes to more than 33 % of the State GSDP.
The State offers an unbeatable combination of Single Point Clearances, Competitive Land prices in World Class Industrial Estates, Cheap Power, Clean Water, Highly skilled manpower, Good law & order, Proximity to National Capital Region with its huge consumer base as well as dedicated Relationship managers for Investors to guide them through their investment life cycle. Its world-renowned education system, Wild-life sanctuaries, peaceful & friendly people provide an unmatched quality of life to its residents.
A majorly organic State, the 4 Agro-climatic conditions allow the production of off-season vegetables and the State has the highest production of Pear, Peach, Plum, & Apricot in the country.
The State is rich in Limestone and has a huge potential for value added Industries.
Uttarakhand is being developed as an ‘Energy State’ to tap the hydropower electric potential of over 25,000 MW, 76.85 percent of the capacity owned by the State utilities, with an installed capacity of 1876.89 MW as of 29th Feb 2020. The State is striving to achieve its ambitious target of meeting 50% of its energy demand from renewable energy by 2023.
The state also offers tremendous opportunities in Wellness & Tourism sector. In 2020, total tourist arrival in the State was over 39 million. Wellness is imbibed in Uttarakhand’s culture and it has the potential to emerge as the world’s “Wellness Destination”.
Uttarakhand has been consistently ranked amongst the top states in India by DPIIT in its assessment for ease of doing business. The State’s Investment promotion Agency (IPA) is adjudged as the “Top Performer” by Invest India, DPIIT, in the rankings for Investment promotion Agencies across 20 States in the Country. Moreover, Uttarakhand ranks #1 in Export Preparedness Index 2020 under Himalayan states category.
World Class Industrial Areas are developed by State Infrastructure and Industrial Development Corporation of Uttarakhand Ltd (SIIDCUL).