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Himachal Pradesh's State
Domestic Product (SDP) stood at US$ 3.9
billion in 2003-04, registering a growth
rate of 7.9 per cent over the previous
year. The per capita income at current
prices witnessed an increase of 10 per
cent from US$ 466 in 2002-03 to US$
539.7 in 2003-04. The state is one of
the largest producers of horticulture
products in the country.
Advantage Himachal Pradesh
-
Ranked
first on the incentives index by
NCAER.
-
Ranked
second on consumer market index.
-
Most
urbanised state in the country.
-
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:
-
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.
-
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.
-
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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Andhra Pradesh
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