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  Uttrakhand
Introduction
PPP Initiatives
Executive Summary
Uttrakhand at a Glance
Advantage Uttrakhand
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Uttaranchal
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Uttaranchal

 

Introduction

 
Formed by carving out 14 hilly districts of Uttar Pradesh, Uttarakhand is strategically located and forms part of India's northern boundary. The state is endowed with diverse geographical features ranging from snow–capped mountain peaks in the north to tropical forests in the south. Equally diverse are the climatic conditions and vegetation found across the state. The scenic hills, the large forest cover, and the presence of different holy shrines give an enormous boost to its tourism economy.

Apart from this, Uttarakhand is a home to several of the nation's major industries which have a strong foothold in the manufacturing and services sectors. Not only agro-based, the state is now attracting IT, sugarcane-based alternative energy and power generating companies and biotech companies. Urban infrastructure development is a priority and tourism sector is considered as the major promoter of the economy.

The government has an objective to place Uttarakhand on the world map as a leading destination for environmentally "sustainable and socially responsible tourism". There was a 224.21 per cent rise in the budget allocated for tourism, between the ninth and tenth Five-Year Plans.

The state of Uttarakhand - with Dehradun as its administrative and legislative capital - is one of the five states in India to be declared as UNESCO's World Heritage Biodiversity sites. The state occupies an area of 53,483 sq km and has a population of 8.5 million.

GSDP at current prices in 2005-2006 stood at US$ 6,331.1 million, while the NSDP at current prices in 2005-2006 stood at US$ 5,508 million. Annual per capita income at current prices in 2005-06 has been US$ 691.17.

Advantage Uttarakhand

  • The state has significant hydro-potential (15,000 MW) of which only 1124 MW has been realised.

  • The state is promoting establishment of Industrial estates, industrial parks and growth centre in the State.

  • A dedicated IT Park to come up in Dehradun.

  • Uttarakhand is the first state in the country to have created a Tourism Development Board by legislation.

  • Vast pool of a natural resource adds to the state’s attractiveness as an investment destination, especially for tourism and forest based industry.

  • Abundant availability of quality human resource base at competitive rates.

  • Uttarakhand compares favourably with the all India aggregates in terms of the spread of basic infrastructural facilities.

  • Investments in Uttarakhand enjoy a number of fiscal benefits like the Concessional Industrial Package offered by the State and the Central governments.

  • The Tehri Hydro Development project is one of the highest multipurpose projects to be built across river Ganges.

  • Uttarakhand has been successfully able to attract some of the key industrial players like Mahindra & Mahindra, Asahi India Glass, Atlas Cycle Ltd., Britannia Industries Ltd., LG Electronics India Ltd, etc.

 

Content Source: www.ibef.org

 
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