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Introduction

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Uttaranchal is a young state, barely four years old, having been carved out of Uttar Pradesh. It has however several good things going for it. Levels of literacy in the state are higher than the national average. The hills, the large forest cover and the presence of several holy shrines offer a tremendous tourist potential.

The paper describes in some detail the resource base available in the State and the potential that exists for development in specific areas; e.g. development of tourism, IT and biotech fields, particularly industries based on herbal and medicinal plants, hydro power generation etc.

Advantage Uttaranchal

  • 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.

  • Uttaranchal 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.

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

  • Investments in Uttaranchal 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.

  • Uttaranchal 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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