Uttarakhand has been rapidly transforming itself into an economic powerhouse. With an unbeatable combination of single-point clearances, Competitive Land prices, Cheap Power, Highly skilled manpower, Good law & order, and Proximity to the National Capital Region, Uttarakhand has emerged as a preferred Investment destination.
An abode to the Himalayas and the Ganges, the State is home to 5 top tourism destinations of India. The State has also emerged as one of the major investment destinations for manufacturing in the country with the secondary sector contributing to more than 50% of the State's GSDP.
The Government's 30+ investor friendly policies are poised to attract further Investments in the State. We have created a conducive environment for the Industries by reducing more than 2000 compliances and decriminalizing clauses that have been in practice for ages. Uttarakhand has chosen the path of development and prosperity and through this Investor's summit, we look forward to your partnership with the State in achieving the common goal.
Robust Economic Growth
With a staggering Compound Annual Growth Rate (CAGR) of 7.8% in Gross State Domestic Product (GSDP) between FY16 and FY22, Uttarakhand's economy is on the rise.
Stellar Law and Order
Boasting one of the lowest incidences of work disruptions due to strikes, Uttarakhand provides a stable and conducive environment for business operations.
Comprehensive Policy and Onboarding Support
Benefit from the state's comprehensive policy framework and robust onboarding support, facilitating your seamless transition into Uttarakhand's dynamic business ecosystem.
A Natural Paradise
Nestled in the Himalayas, Uttarakhand boasts breath-taking hill stations, wildlife parks, pilgrimage sites, and trekking routes. Its natural beauty makes it an alluring tourist destination. In 2019, it welcomed 35.60 million domestic tourists and over 0.15 million foreign visitors.
Uttarakhand hosts seven Industrial Estates across various regions, covering a vast 8000+ acres and housing over 2000 industrial units.
Renewable Energy Focus
The state prioritizes renewable energy, aiming to harness over 25,000 MW of hydropower potential. As of August 2022, it already boasts an installed hydropower capacity of 2,095.89 MW, with 100% electrification achieved and an installed power capacity of 3,697.39 MW.
Uttarakhand has doubled its exports in the last five years and ranked first among Himalayan states in Export Preparedness Rankings in 2020. The state's world-class export facilities, business-friendly environment, and infrastructure have led to total exports of USD 1.73 billion in 2021-22.
Uttarakhand offers excellent connectivity with an extensive road network spanning over 39,000 km, two domestic airports, and 339.80 km of rail routes.
With diverse agro-geo climatic zones, Uttarakhand presents commercial opportunities in floriculture and horticulture. The state plans to double its horticulture processing capacity by 2030, boasting over 175 rare species of medicinal and aromatic plants and 403 horticulture-based units.
With an average literacy rate of 78.82% and more than 61% of its population in the working age group, Uttarakhand offers a vast pool of talented human resources. The state is home to some of the country's leading educational institutions.
Uttarakhand is rich in limestone deposits, holding immense potential for value-added industries.
Uttarakhand offers several strategic advantages, including abundant water resources, a peaceful environment with minimal strikes, proximity to the National Capital Region (NCR) and the Amritsar Kolkata Industrial Corridor (AKIC), availability of skilled manpower, favourable agroclimatic conditions, world-class Integrated Industrial Estates, affordable and reliable power, and transparent land allotment at competitive prices."Invest in Uttarakhand and become a part of its promising future."