Strong economic growth. High literacy rate. Tourists paradise. India s hydro-power hub. Heritage. Increasing agricultural productivity

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3 Strong economic growth Himachal Pradesh is one of the fastest-growing states in India. Its per capita Gross State Domestic Product (GSDP) is estimated at US$ 1,945.6 during compared with the national per capita GDP of US$ High literacy rate As per 2011 census (provisional data), Himachal Pradesh has a literacy rate of 82.8 per cent compared with the national average of 74.0 per cent. Tourists paradise India s hydro-power hub Heritage Increasing agricultural productivity Himachal Pradesh, known as the Land of Gods, is famous for its sheer topographic diversity and pristine natural beauty. The state received 16.1 million tourists, including 500,284 foreign travellers, in With a hydro power potential of 23,000 MW (of which just 8,432 MW has been harnessed), Himachal Pradesh accounts for 25 per cent of the country s total hydro power potential. About 17,480 of 17,495 villages in the state had electricity by the end of March Himachal Pradesh has a rich heritage of handicrafts. These include woollen and pashmina shawls, carpets, silver and metal ware, embroidered chappals, grass shoes, Kangra and Gompa style paintings, wood work, horse-hair bangles, wooden and metal utensils and various other house hold items. The government s emphasis on improving productivity has yielded positive results, with food grain production per hectare rising to 1.96 MT in from 1.41 MT in Productivity is also expected to increase to 2.02 MT by In the horticulture segment, Himachal Pradesh is the second largest producer of apples in India, with a production of 738,720 tonnes until December Source: Himachal Pradesh Economic Survey , Aranca Research MT- Metric Tonnes

4 FY2013 Tourism sector s contribution to GSDP 10 per cent High Growing economic demand growth and stable political environment GSDP expanded at a Compounded Annual Growth Rate (CAGR) of 14.7 per cent between and With a stable political environment and a single-party government, the state government is committed towards creating a progressive business environment. Pharmaceuticals and food processing hub Himachal Pradesh has attracted investments in the pharmaceuticals, IT and engineering industries. Agriculture plays a significant role in the state s economy. Himachal Pradesh has a robust food processing sector. Advantage Himachal Pradesh Rich labour pool and infrastructure support The state has a large base of skilled labour, making it a favourable destination for knowledge-based sectors. It also has a large pool of semi-skilled and unskilled labour. Himachal Pradesh has a strong hydropower base, with a potential capacity of 23,000 MW. Policy and incentives The state offers a wide range of policy and fiscal incentives for businesses under the Industrial Policy, Himachal Pradesh has well drafted sector specific policies for biotechnology and IT To promote and incentivise industry led sustainable growth, Industrial Policy 2013 was launched by the state government. FY2020* Tourism sector s contribution to GSDP 15 per cent Source: Socio-Economic Survey of Himachal Pradesh , News articles GSDP: Gross State Domestic Product, *Target

5 Agriculture contributes nearly 45 per cent to the net state domestic product. It is the main source of income as well as employment in Himachal. About 93 per cent of the state population depends directly upon agriculture. Parameters Capital Himachal Pradesh Shimla Geographical area (sq km) 55,673 Source: Maps of India Himachal Pradesh is located in the northern region of India. The state is surrounded by Jammu & Kashmir on the North, Punjab on the West and the South-West, Haryana on the South, Uttar Pradesh on the South-East and China on the East. Being a sub-himalayan state, Himachal Pradesh has a varied climate that changes with altitude. The climate ranges from warm and sub-humid tropical at low altitudes to cold and icy at high altitudes. There are three main seasons: winter from October to March, summer from April to June and rainy from July to September. Administrative districts (No) 12 Population density (persons per sq km)* 123 Total population (million)* 6.86 Male population (million)* 3.48 Female population (million)* 3.38 Sex ratio (females per 1,000 males)* 972 Literacy rate (%)* 82.8 Source: Government of Himachal Pradesh website, *Provisional data Census 2011

6 Parameter Himachal Pradesh All states Source Economy GSDP as a percentage of all states GSDP Average GSDP growth rate (%)* Per capita GSDP (US$) 1, , Planning Commission Databook, , current prices Planning Commission Databook, to (November 2014), current prices Planning Commission Databook, to , current prices, (December 2014) Physical Infrastructure Installed power capacity (MW) 4, ,701.5 Central Electricity Authority, as of January 2015 Wireless subscribers (No) 7,695, ,344,219 Broadband subscribers (No) 81,480** 94,490,000 National Highway length (km) 2, ,260 Telecom Regulatory Authority of India, as of January 2015 Ministry of Communications & Information Technology, as of January 2015 Ministry of Road Transport & Highways, as of January 2015 Airports (No) Airports Authority of India * Calculated in Indian rupee terms, **As of December 2011

7 Parameter Himachal Pradesh All states Source Social Indicators Literacy rate (%) Census 2011 Birth rate (per 1,000 population) Investment FDI equity inflows (US$ billion) 1.3* SRS Bulletin ( September 2013 Department of Industrial Policy & Promotion, April 2000 to January 2015 Outstanding investments (US$ billion) ,414.2 CMIE ( ) Industrial Infrastructure PPP projects (No) 1 1,339 *Including Chandigarh, Punjab and Haryana PPP: Public-Private Partnership, SRS: Sample Registration System

8 GSDP of Himachal Pradesh at current prices (in US$ billion) GSDP per capita of Himachal Pradesh at current prices (In US$) 5.4 CAGR 14.7%** CAGR 13.4%** 956 1,032 1,284 1,355 1,516 1,861 2,008 1,947 1,946 At current prices, Himachal Pradesh s GSDP was estimated at US$ 13.7 billion over GSDP expanded at a CAGR of 14.7 per cent** between and The year-on-year GSDP growth rate during stood at 6.2 per cent. Growth was mainly driven by the tertiary and secondary sectors. Himachal Pradesh s per capita GSDP increased to US$ 1,945.6 over from US$ during Average per capita GSDP rose at a CAGR of 13.4 per cent** between and Source: Planning Commission Databook, March 2014, **In Indian rupee terms, CAGR - Compound Annual Growth Rate

9 NSDP of Himachal Pradesh at current prices (in US$ billion) NSDP per capita of Himachal Pradesh at current prices (In US$) CAGR 13.3%** CAGR 12.0%** 1,092 1,081 1,232 1,497 1,604 1,545 1, At current prices, Himachal Pradesh s Net State Domestic Product (NSDP) was estimated at US$ 10.8 billion during NSDP increased at a CAGR of 13.3 per cent** between and Himachal Pradesh s per capita NSDP grew to US$ 1,531.2 over from US$ during Average per capita NSDP increased at a CAGR of 12.0 per cent** between and Source: Planning Commission Databook, March 2014, **In Indian Rupee terms, CAGR - Compound Annual Growth Rate

10 During , the tertiary sector accounted for 42.8 per cent. GSDP composition by sector There has been a shift in the sectoral contribution over the years from primary to the tertiary sector. The overall performance of the economy during FY14 was encouraging. 36.2% CAGR 9.8%** 42.8% At a CAGR of 9.8** per cent, the tertiary sector has grown the fastest among others from to % 7.9%** 37.9% Agriculture retains a major share of the primary sector. Community and personal services are the main components of the tertiary sector. 25.7% 4.2%** 19.3% Primary sector Secondary sector Tertiary sector Source: CMIE **In Indian Rupee terms

11 Budget for is US$ 3,918 million. The fiscal deficit for is estimated at US$ million. Capital expenditure during is estimated to be US$ 324 million, a 6.4 per cent year-on-year drop. Revenue receipt Annual Budget (Estimates in US$ million) ,068 2,741 A budget outlay of US$ 39.3 million was made for the food, civil supplies & consumer affairs department during FY 15. An amount of US$ 9.1 million was kept for a four thousand hectare area under off-season vegetables during FY 15. A budget outlay of US$ 31.7 million was kept aside for promotion of horticulture in FY 15. Revenue expenditure Revenue A/C deficit Capital receipts Capital expenditure Capital A/C deficit 3,241 3, All figures converted at INR 60/US$

12 Budget highlights: To cover 80,000 individuals from the youth for skilling in the next financial year. To construct 450 km of road for motor vehicles, 40 km of road for jeeps and 30 bridges. To reduce electricity duty from 17 per cent to 15 per cent for the EHT category customers. To set up HP Investment Promotion Cell in various industries. To develop State of the Art industrial area with an investment of US$ 36.3 million. To establish two women police stations in Shimla and Dharmashala. To give 10 per cent dearness allowance to all state government employees and pensioners. To start 1,300 new buses for HRTC. To allocate a sum of US$ 16.6 million for the skill development initiative in the state in To provide laptops to 7,500 meritorious students of class 10 th and 12 th for under the Rajiv Gandhi Digital Yojna. A state government guarantee of US$ 38.8 million was provided to Himachal Pradesh Cooperative Agriculture & Rural Development Bank Ltd for Department-wise plan outlay as per budget : Education Department: US$ million. Agriculture Sector: US$ 63.7 million.

13 Agriculture happens to be the premier source of GSDP. About 15 per cent of the total GSDP came from agriculture and its allied sectors in Over , the total area under food grain production in Himachal Pradesh was estimated at 77 million hectares. Overall production of food grains # in the state was projected at 1.6 million tonnes during Maize, wheat and rice are the major food grains produced in Himachal Pradesh. Vegetable production is estimated to reach 1.4 million tonnes over Apple remains the major fruit crop, with mango and litchi gaining prominence in the recent years. Other major fruits grown are peaches, apricots and cherries. Apple production had reached 738,720 tonnes during April- December, Apples account for around 83 per cent of the total fruit production of Himachal Pradesh. Crop Annual production ( 000 tonnes) ^ Rice Maize Ragi 3.0 Small millets 5.0 Wheat Barley 36.0 Gram 2.5 Other pulses 19.0 Potato Vegetables 1,400.0 Ginger (dry) 4.0 Apple 738.7* Other fruit crops 75* Source: Economic Survey of Himachal Pradesh , ^Target, *Production up to December 2013, # Food grains include rice, maize, ragi, small millets, wheat, barley, gram and other pulses

14 According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows totalled US$ 1.3 billion* from April 2000 to January Over , outstanding investments in Himachal Pradesh totalled US$ 18.7 billion. Electricity and services are major sectors of investments, contributing more than 82 per cent together. The electricity sector accounted for around 63.6 per cent of total outstanding investments, followed by services (19.0 per cent) and manufacturing (11.9 per cent). Break up of outstanding investments by sectors ( ) 19.0% 11.9% 0.4% 0.4% 4.6% 63.6% Electricity Services Manufacturing Irrigation Real Estate Mining Source: CMIE *Including Chandigarh, Punjab and Haryana

15 Since much of the state is hilly, roads play a vital role in transportation. The state had a total road length of 34,945 km as of December As of March 2014, the length of national highways in the state was about 2,396 km. Himachal Pradesh is being funded under Pradhan Mantri Gram Sadak Yojna (PMGSY) by the World Bank assisted Rural Road Project (RRP-II). Under this project, approvals worth US$ 85.2 million have been received. Emphasis would be given towards metalling and tarring of the existing road length under PMGSY and providing new connectivity. For this, a target of availing the sanction of US$ 49.6 million for the year 2015, from the central government has been fixed. Source: Maps of India Source: Himachal Pradesh Economic Survey,

16 Roads have been assigned high priority by the Government of Himachal Pradesh. Over , the government outlay for road development and related activities was US$ 138 million. The government plans to connect 99 more villages through road transport; of which, 73 villages stood connected as of December As of December 2012, 9,861 villages in the state were connected by roads. Road type * Motorable double lane (kms) 2,384 2,403 2,411 2,415 2,415 Motorable single lane (kms) 28,832 29,464 29,999 30,550 33,325 # Jeepable (kms) Less than jeepable (kms) 1,655 1,565 1,483 1,422 1,370 Total (kms) 33,171 33,722 34,169 34,647 34,945 Source: Himachal Pradesh Economic Survey , *Up to December 2013, # Up to December 2014

17 Himachal Pradesh falls under the Northern Railways network. In the Railway Budget , the railway minister announced plans to conduct a survey in the next fiscal year for the Baddi-Bilaspur rail line. Furthermore, the Ministry of Railways has decided to impart skills to the youth in railwayrelated trades at 25 centres in India, Shimla being one of them. In a recent development, Himachal Pradesh s Chief Minister has announced that the Government would bear 50 per cent cost of the railway expansion project in the state. The decision was taken in order to boost the railway expansion programme, as railways continue to be an important link for the state s development. As of March 2012, Himachal Pradesh had a total railway route length of 296 km. Two narrow gauge lines connect Kalka with Shimla and Joginder Nagar with Pathankot, with a route length of 96 km and 113 km, respectively. A broad gauge line connects Nangal Dam in Punjab to Una. Currently this line is being extended till Talwara (Punjab) with track operational till Churu takarla. Una is connected to New Delhi by Jan Shatabdi express and Himachal Express. Source: Himachal Pradesh Economic Survey, , Indian Railways, Railway Budget,

18 There are three airports in Himachal Pradesh at Kullu (Bhuntar), Kangra (Gaggal) and Shimla (Jubbar Hatti). There are 63 operational helipads, with plans of a few more helipads in the pipeline. The state government has identified three sites at Kandaghat in the Solan district and Nadaun in the Hamirpur district to establish an international airport in the state. A new international airport is also proposed in Sunder Nagar district. The state government has taken an initiative to introduce heli-taxi services, which are expected to improve connectivity and open up remote areas for tourists. Presently, these service are being operated in the Mani- Mahesh sector, Chamba district, during the Mani-Mahesh yatra. Source: Himachal Pradesh Economic Survey

19 Himachal Pradesh is naturally suited for hydropower generation and accounts for around 25.0 per cent of India s total hydropower potential. As per estimates, the state has the potential to generate 23,000 MW of hydro power through the construction of various hydel projects on river basins. The largest potential for electricity generation lies on the river Satluj (10,361 MW), followed by Beas (5,357 MW), Chenab (2,973 MW) and Ravi (2,958 MW) Through preliminary hydrological, topographical and geological investigations, it has been estimated that about 23,000 MW of hydroelectric potential can be exploited in the state by constructing various major, medium, small and mini/micro hydroelectric projects on these five river basins Of this hydel potential, 8,432.5 MW of projects have already been commissioned, while 3,805 MW of projects are under execution/construction. 817 Assessed hydro power potential (MW) 10,361 5,357 2,958 2, Yamuna Satluj Beas Ravi Chenab Self Identified /New Identified Source: Himachal Pradesh Economic Survey, Himachal Pradesh is one of the few states in India where power delivered to consumers is entirely metred.

20 As of January 2015, Himachal Pradesh had a total installed power generation capacity of 4,093.6 MW Hydro power accounted for 3,098.9 MW of total installed power generation capacity, followed by renewable power (638.1 MW) and thermal power (214.0 MW). As of September 2013, the private sector contributed more than twice to the capacity of hydro-based power plants as compared to the central government. 1,896.5 Installed power capacity (MW) 3, , , , , ,030.2 A large number of villages in the state have electricity; about 17,480 of 17,495 villages had electricity by the end of March As of March 2013, 99.9 per cent of the state s villages receive electricity Source: Central Electricity Authority, Figures for are as of January 2015)

21 According to the Telecom Regulatory Authority of India (TRAI), Himachal Pradesh had nearly 7.6 million wireless subscribers and 233,008 wire-line subscribers as of January According to the Department of Telecommunications, Government of India, the state had 1,170 telephone exchanges and 10,277 public call offices (PCOs) as of As of January 2015, the state had a high tele-density of per cent compared with the national average of per cent. Telecom infrastructure (as of March 2014) Wireless subscribers 7,695,330 Wire-line subscribers 233,008 Broadband subscribers 81,480* Teledensity (in per cent) Public call offices (PCOs) 10,277* Major telecom operators in Himachal Pradesh Bharat Sanchar Nigam Limited (BSNL) Bharti Airtel Tata Teleservices Reliance Communications Vodafone Essar Aircel Limited IDEA Cellular Services Source: Telecom Regulatory Authority of India, Department of Telecommunications, Annual Report , Ministry of Communications & Information Technology, India Post *As of , # As of November 2014

22 Shimla is one of the 65 cities that have been identified under the Jawaharlal Nehru Urban Renewal Mission (JNNURM) for local infrastructure development. Under JNNURM, five projects worth US$ 35.2 million have been sanctioned for Shimla. The projects have been sanctioned between and Key areas of development are roads and flyovers, water supply, solid-waste management and sewerage The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) was launched in all the 49 urban local bodies of the state. The main objective was to provide assistance to the 11,734 eligible identified BPL families by providing employment to the unemployed and under-employed poor. This scheme will help them to set up self employment ventures, and impart training in different trades. The Government of Himachal Pradesh has constituted a state-level steering committee under the chairmanship of the Chief Minister and has nominated Himachal Pradesh Housing and Urban Development Authority (HIMUDA) as the state-level nodal agency for implementing the planned projects under JNNURM. Source: JNNURM, Ministry of Urban Development, Municipal Corporation, Shimla

23 Himachal Pradesh has a road project being implemented under the Public-Private Partnership (PPP) mode; the cost of the project is US$ million. Additionally, a PPP of US$ million has been mooted for the development of an international airport in the state. Contract authority Project Investment (US$ million) PPP type Stage Integrated IT park-cum- township at Wakanaghat Urban development 85.3 BOO Under construction National Highway Authority of India Zirakpur-Parwanoo Road BOT -Toll Under construction Source: EOI: Expression Of Interest, BOOT: Build-Own-Operate-Transfer, BOT: Build-Operate-Transfer, DBFOT: Design-Build-Finance-Operate-Transfer, BOO: Build-Own-Operate

24 The state has a literacy rate of 82.8 per cent according to the provisional data of Census 2011; the male literacy rate is 89.5 per cent and the female literacy rate is 73.5 per cent. Sarva Shiksha Abhiyan, a programme that ensures each and every child receives elementary education, is being implemented in the state on a priority basis. Net Enrolment Ratio (NER) at the elementary stage (6 14 age group) of education in the state stood at more than 99 per cent, indicating an extremely small number of students outside the formal range of education. Literacy rates (%) Literacy rate 82.8 Male literacy 89.5 Female literacy 73.5 Source: Himachal Pradesh Economic Survey , Provisional data Census 2011 Himachal Pradesh is placing special emphasis on girl education, with the implementation of National Programme for Education of Girls at Elementary Level (NPEGEL) in eight educationally backward blocks, where rural literacy rates were below the national average. US$ million has been allotted for educational development in the state under the Annual Budget of Himachal Pradesh for FY 15.

25 There were 10,739 primary schools over , ensuring education at the granular level. One engineering college in Bandla in the Bilaspur district and five government polytechnics (in Bilaspur, Kullu, Kinnaur, Sirmaur and Lahaul & Sipti) are expected to open from the academic session starting from August Vocational courses are currently offered in 25 senior secondary schools in the fields of electronic technology, computer techniques, audit and accountancy, electrical, horticulture and food preservation. The state is planning to establish 16 new universities in an effort to boost vocational and higher education. The education department plans to start vocational education in 75 senior secondary schools, with four new courses (automobile, retail, security and IT). Private participation is being encouraged in technical and vocational education. With the introduction of new Industrial Training Institutes/Centres (ITIs/ITCs), the annual seats for vocational training stand at 29,780 in the state. No of educational institutions (functional) Primary 10,739 Middle 2,349 High schools 827 Senior secondary schools 1,370 Degree colleges 72 Pupil-Teacher Ratio ( ) No of technical educational institutions 16:1 (all schools) Engineering colleges 20 Medical colleges 2 Dental colleges 5 Polytechnics 28 ITI/ITC 207 Source: Himachal Pradesh Economic Survey

26 There are 55 civil hospitals, 77 community health centres, 476 primary health centres, 11 ESI dispensaries and 2,066 sub-centres in the state. The state government has launched Himachal Health Vision 2020, to provide effective and efficient health services. Under the National Rural Health Mission, the government had proposed to open four new Ayurvedic Health Centres (AHCs) and one homeopathic health centre, upgrade hospitals and provide panchkarma/ksharsutra at 11 centres in Under the National Leprosy Eradication Programme, the prevalence rate reduced to 0.25 per 10,000 as of November 2012 compared with 5.14 per 10,000 in A provision of US$ million has been made for infrastructure development of public health in the state s annual budget FY 15. No of institutions ^ Civil hospitals 55 Community health centres 77 Primary health centres 476 Sub-centres 2,066 ESI dispensaries 11 Health indicators (2011) Birth rate* 16.2 Death rate* 6.7 Infant mortality rate** 36.0 Life expectancy at birth (years) Male ( ) 66.5 Female ( ) 67.3 Source: Himachal Pradesh Economic Survey , Ministry of Health and Family Welfare, Government of India, Sample Registration System (SRS) Bulletin 2012, ( *Per thousand persons, **Per thousand live births, ^Up to December, 2013

27 The Himachal Pradesh Sports Council oversees the state s sports related activities. The Indira Gandhi State Sports Complex provides training for judo, badminton, volleyball, gymnastics, table tennis, boxing, wrestling and martial arts. The complex also has a fitness centre and an aerobics facility. Adventure sports, such as river rafting, paragliding and trekking, are popular, given the climate and topography of Himachal Pradesh. Key hotels in Shimla are the East Bourne Resort & Spa, the Wildflower Hall and the Oberoi Cecil. In Dharamshala, main hotels are the Clubhouse and the Asia Health Resorts, while Hotel Kullu Valley and the Ambassador in Manali are known to be the most popular hotels in Kullu-Manali. Kangra Valley is considered as the cultural capital of Himachal Pradesh; it is home to Dharamshala and Mcleodganj, a hub for Buddhist-Tibetan culture. The district has several Buddhist monasteries and Hindu temples. The S.M. Convention Centre in Palampur is one of the largest of its kind in the state. It has 25 rooms, five banquet halls, seminar rooms and a board room. Under the state s Annual Budget , the Himachal Academy of Art, Culture & Language is providing financial assistance for bulk purchase of books to Himachali writers engaged in research work of folk lore and music and other cultural aspects of Himachal Pradesh.

28 As of December 2013, there were 494 medium and large scale industries and about 39,325 small scale industries, with a total investment of around US$ 3.2 billion, operating in the state. For development of industrial infrastructure, the state government planned the following under the state budget : Opening of Himachal Pradesh Investment Promotion Cell to drive new investment in the state. An Industry Advisory Council with representatives of industries to create a platform for deliberation of policy issues for industrial development in the state. Development of industrial areas at Pandoga and Kandrori with an investment of US$ 45.2 million. Infrastructure Industrial areas Baddi Barotiwala Nalagarh Industrial Area Biotechnology Park Nanotechnology Park Inland Container Depot (ICD) Description Set up at Baddi, Barotiwala, Parwanoo, Kala Amb, Paonta Sahib, Mehatpur, Tahliwal, Amb, Sansarpur Terrace, Golthai, etc. The industrial area has been promoted by the Ministry of Commerce and Industries, Government of India. It has emerged as a hub for textiles, pharmaceuticals and packaging industries. The government has proposed to set up a biotechnology park at Nalagarh. A nanotechnology park is proposed to come up on a 400-acre area near the Biotechnology Park at Aduwal near Nalagarh. An ICD is being developed at Baddi for the benefit of exporting industries through the Container Corporation of India. A Memorandum of Understanding (MoU) has been signed between the Himachal Pradesh government and Container Corporation of India.

29 In an effort to provide infrastructure support to entrepreneurs, the Himachal Pradesh government has developed 41 industrial areas and 17 industrial estates. Name and location Primary industry Description Baddi Pharmaceuticals/textiles Located in the Solan district, the Baddi industrial area has several pharmaceutical, textile, auto ancillary, paper and printing units. Barotiwala Multi-industry Located in the Solan district; hub for small scale industries. Parwanoo Chambaghat Paonta Sahib Light engineering Electronics Pharmaceuticals/chemicals Located in the Solan district; the city is an industrial cluster for High-Density Polyethylene (HDPE) pipe companies. Located on the Shimla-Kalka highway in the Solan district, the industrial area has prominent companies such as Himachal Futuristic Communications Limited and Shivalik Bimetal Controls Limited. Located in the Sirmour district, the industrial area has a number of pharmaceutical and chemical companies. Tahliwal and Gagret Electronics Located in the Una district, it has prominent telecommunications companies. Amb Industrial Area Sansarpur Terrace Engineering/auto Engineering Amb has prominent engineering and automotive companies such as International Cars and Motors Limited. Located in the Kangra district, it has some of the leading engineering companies of North India. Golthai Multi-industry Located in the Bilaspur district, it has been identified as a mini growth centre.

30 The rich natural resources of the state are favourably suited for investments in major sectors such as procurement of agricultural produce, hydroelectric power, cement and tourism. Himachal Pradesh has made significant achievements in the field of industrialisation in the past few years. Solan, Sirmour, Kangra and Una districts lead in terms of investments attracted. Small-scale village based industries play an important role in employment generation in the state. In the small scale sector, microscopes, watch parts, thermometers and hospital and heating equipment are manufactured. The village industry consists of sheep-rearing, wood carving, blacksmithing, spinning, weaving, leather tanning, pottery, handloom, handicrafts and bamboo crafts. Key industries in Himachal Pradesh Textiles Pharmaceuticals Food procurement and processing Light engineering IT and electronics Cement Tourism Hydropower Animal husbandry Agro-horticulture Sericulture As of December 2013, there were 494 medium and large scale industries and about 39,325 small-scale industries, with a total investment of about US$ 3.2 billion, operational in the state. These industries provide employment to about 0.28 million people.

31 Agriculture is the main occupation and the major source of employment in the state, as per cent of the population lives in rural areas Major food crops in the state are rice, maize, wheat, barley, jowar, pulses, bajra and potato. The state government is focusing on increasing productivity levels besides diversification towards high-value crops. Production of principal crops (in 000 tonnes) Production per hectare (in metric tonnes) 1,111 1,489 1,538 1,562 1,510 1, * ** *** Rice Maize Wheat Barley Pulses *** ** Source: Himachal Pradesh Economic Survey *Tentative, **Production, ***Target

32 With suitable agro-climatic conditions, Himachal Pradesh has realised the importance of commercial crops, including off-season vegetables, potatoes and ginger. The state has emerged as the leading producer of off-season vegetables, with the annual yield reaching a million tonnes during Production of commercial crops (in 000 tonnes) 1,391 1,475 1,510 1,581 1,568 1,591 The food processing industry primarily focuses on the areas of traditional processing of agricultural and horticultural raw materials. Agri-procurement has lately been an investment area for corporate entities * ** *** Potato Vegetables Cremica Group Adani Agri Fresh Nestle India Dabur Some of the key players Mukhya Mantri Adarsh Krishi Gaon Yojana was started during FY 14 covering one Panchayat of each constituency. Each Panchayat was provided Rs 1 million as gap filling fund for creation and upgradation of agriculture infrastructure, which has yielded good results. To extend this scheme in another 68 panchayats, one additional panchayat in each constituency would be provided with the same fund in FY15. Source: Himachal Pradesh Economic Survey *Tentative, **Production, ***Target

33 * Agro-climatic conditions favour cultivation of temperate to sub-tropical fruits in Himachal Pradesh. Accordingly, the land use pattern has shifted from agriculture to fruit crops in the past few decades. Area under fruit cultivation has increased to 220,706 hectares during compared with barely 792 hectares in Apple remains the major fruit produced, constituting about 85.0 per cent total fruit cultivation. Vegetables play a notable part in the agriculture sector of Himachal Pradesh. Area under fruits (in 000 hectares) Production of fruits (in 000 tonnes) , Source: Himachal Pradesh Economic Survey *Upto December 2013

34 Cremica Group Adani Agrifresh Ltd Nestle India Dabur India Ltd Cremica Group is a prominent player in food retail and food services industries in India. The company s business activities include Cremica Frozen Foods, EBI Foods, Mrs Bector s Desserts and Cremica Agro India. The company is commissioning a plant at Tahliwal Industrial Area, Una, for manufacturing biscuits and Indian snack foods. It is a 100 per cent automated facility, with a monthly manufacturing capacity of 5,000 tonnes of biscuits. Adani Agrifresh, a 100 per cent subsidiary of Adani Enterprises, which had consolidated revenue of US$ 9.1 billion over , has set up three controlled-atmosphere storage units at Rampur, Sainj and Rohru in Himachal Pradesh, with an investment of US$ 40 million and a combined capacity of 18,000 metric tonnes of apples per year. The subsidiary is involved in the procurement, storage and transportation of fresh fruits and vegetables. The company directly buys fruits from about 4,000 farmers. Nestlé has been operating in India for almost a century, with seven production facilities across the country. The company produces chocolates and confectionaries, prepared dishes and cooking aids, beverages and milk products and nutrition. It generated revenue of US$ 1.51 billion in The construction of Nestlé s factory in Tahliwal, Una, Himachal Pradesh, is underway. Dabur is one of the country s largest consumer goods companies. It generated revenue of US$ 1.2 billion over The company manufactures several products, including honey and amla, in Baddi.

35 Himachal Pradesh is one of the fastest-growing regions in the pharmaceutical industry in India, driven by incentives announced by the state government in its Industrial Policy, Over 300 pharmaceutical companies, including Ranbaxy, Dr Reddy s, Morepen and Torrent Pharmaceuticals, have set up operations in the state. Some of the key players Ranbaxy Laboratories Ltd Cipla Ltd Dr Reddy's Laboratories Ltd Panacea Biotec Ltd The Department of Environment, Science & Technology (DEST), Government of Himachal Pradesh, proposes to develop a Biotechnology Park (BTP) spread over an area of about 35 acres at Aduwal in Solan under PPP mode in the state. The park would have a Biotechnology Incubation Centre as well as a Biotechnology Industrial Cluster. Under the state s Annual Budget , the state government planned to allocate US$ 41.9 million for development of Ayurveda-based pharmaceutical industries during FY15.

36 Ranbaxy Laboratories Ltd Cipla Ltd Dr Reddy's Laboratories Ltd (DRL) Panacea Biotec Ltd Ranbaxy is one of the leading pharmaceutical companies in India, with business operations in 43 countries and manufacturing facilities in eight countries. It has a manufacturing facility at Paonta Sahib, Sirmaur. In 2008, Japanese conglomerate Daiichi Sankyo became the largest shareholder in Ranbaxy, which is now its global generic arm. In , the company s revenue was around US$ 2.1 billion. Ranbaxy now plans to sell its generic drugs in Japan, where only a few generic companies are present. However, approval from Japanese authorities is currently under process. Cipla has one of the largest product portfolios, with over 1,000 products and revenue of around US$ 1.7 billion over The company targets to reach revenues of US$ 5 billion by The company established a manufacturing facility in Baddi in The unit manufactures bulk drugs, tablets and capsules, creams, aerosols/inhalation devices and injections/sterile solutions. Recently, Cipla s subsidiary Meditab Holdings Ltd acquired a 14.5 per cent stake in Qualities Chemicals Industries Limited for US$ 15 million, with holding now increasing to per cent. Established in 1984, Dr Reddy s ranks among the top 15 generics players in the world. It is the first pharmaceutical company in Asia-Pacific (outside Japan) to be listed on the New York Stock Exchange (NYSE). It is a global pharmaceutical major with presence in over 25 countries. Overseas business contributed around 87.0 per cent to total revenue (US$ 2.3 billion) over The company has a presence in therapeutic categories such as anti-infectives, cardio-vascular, diabetes, dermatology, pain management, nutrition, dental, urological and oncology. Dr Reddy s has a finished dosage facility in Baddi. Panacea is one of India s prominent pharmaceutical and biotech companies involved in research, manufacturing and marketing of pharmaceutical formulations. It generated revenue of US$ million over As of March 2013, the company had filed around 1,510 patents, of which 415 have been granted. The company has around 3,300 employees, including around 275 scientists. Panacea s pharmaceutical and vaccine formulations facility is located in Baddi, with a production capacity of 600 million doses per annum. The production is likely to be increased to one billion doses per annum after the addition of the third line.

37 The textiles industry in Himachal Pradesh is mainly focussed on spinning, with companies such as Vardhman engaged in weaving and dyeing. Handloom and carpet weaving have developed as small scale industries. Low power tariffs in the state are encouraging growth in the textile industry, with the knitwear industry emerging in Himachal Pradesh. Vardhman Group Winsome Group Birla Textile Mills Himachal Fibre Ltd Some of the key players Indorama Industries has unveiled plans to expand its spandex production capacity to 10,000 tonnes per annum by the end of 2014 compared to the current capacity of 5,000 tonnes. Himachal Textile Park Ltd, a subsidiary of Jindal Cotex Ltd, established a Textile Park in the state to provide land and necessary infrastructure facilities to units set up in the park. Jindal Medicot Limited and Jindal Specialty Textiles Limited have already set up their technical textile projects in the textile park. More units are coming up in the near future to set up their technical textile projects Vardhman Textiles Ltd is going to set up two major units, worth US$ 91.2 million, in Himachal Pradesh through it s two subsidiaries Auro Textiles and Mahavir Spining Mills.

38 Vardhman Group Winsome Group The Group has a turnover of US$ million. It has four state-of-the-art spinning facilities in Baddi, with a combined installed capacity of about 260,160 spindles. The Group s products include yarns, fabrics, garments, sewing threads and fibre. Vardhman is among the largest producers and exporters of yarns and grey woven fabrics, tyre cord yarns and sewing threads. The Group has also set up a finishing operation in Baddi under the name of Auro Textiles, which has a production capacity of 50 million metres per annum. Winsome Textile Industries Limited, part of the Winsome Group, has a spinning facility in Baddi. It produces yarns in a variety of shades in melange, package dyed and fibre-dyed yarns. The company is planning to set up another spinning unit, with a production capacity of 40,800 spindles as well as a circular knitting unit in Himachal Pradesh at an investment of approximately US$ 43.8 million. It generated a revenue of US$ million in Birla Textile Mills Division of Chambal Fertilisers and Chemicals Limited is a flagship company of the KK Birla Group of companies. The company s Baddi plant has an installed capacity of more than 83,320 spindles. Himachal Fibre Ltd Established in 1982, the company manufactures multiple types of yarns such as cotton, melange, open-end and blended. It has a manufacturing unit in the Barotiwala industrial area, Solan, and generated revenue of US$ 21.8 million over

39 The light engineering goods industry in Himachal Pradesh includes precision engineering components, automotive components, steel and fabrication units, and cylinder manufacturing. Kala Amb in Paonta Sahib has a large number of steel fabrication mills. Some of the key players Gabriel India International Cars and Motors Ltd Blue Star India TVS Motor Company Auto component units are mainly based in Parwanoo (Solan district). A general and light engineering industrial cluster is also located in Parwanoo. International Cars and Motors Limited has a factory in Una. Chennai-based Rajsriya Automotive Industries, a tier-i supplier of sheet metal pressed parts, opened a new plant in Nalagarh in January 2015 in order to be at a location close to its largest customer - TVS Motor Company.

40 Gabriel India International Cars and Motors Ltd Gabriel is a flagship company of Anand Automotive Group; it manufactures ride-control systems and engine bearings. The company supplies to all three segments of the market: original equipment, aftermarket and exports. It produces 20 million units per annum. In 2007, Gabriel set up a plant in Parwanoo. The plant manufactures shock absorbers for commercial vehicles and two wheelers, struts for passenger cars and front forks for motor cycles. It generated a revenue of US$ 213 million ICML is a subsidiary of the Sonalika Group. It sells multi-utility vehicles under the Rhino brand. The company has an installed capacity of 2,000 vehicles per month, a state-of-the-art facility at Una and a technical collaboration agreement with MG Rover of the UK. The Sonalika Group intends to invest US$ 219 million in Himachal Pradesh during Blue Star India Blue Star is one of India s largest air conditioning companies. It generated revenue of US$ million over The company employs 2,785 people in six manufacturing facilities across the country. In 2005, Blue Star set up a 14,000 sq m manufacturing unit in Kala Amb. TVS Motor Company TVS Motor is one of the largest two-wheeler manufacturers in India. During , the company began operations at its new plant in Nalagarh. It generated revenue of US$ 1.4 billion over and had around 4,405 employees. The company plans to be debt free by fiscal year 2015 and plans to incur a capital expenditure of US$ 33.7 million for increasing the production capacity of its three-wheelers. Earlier in the year, TVS inked a partnership with BMW to roll out bikes in the 500cc category.

41 Minerals constitute a fundamental component of the state s economic base. Good quality limestone, which is one of the ingredients in the manufacture of cement, is available in plenty in the state. Five cement plants at Barmana, Bilaspur (two units), Kashlog, district Solan (two units) and Rajban district Sirmour (one unit) and one major cement plant in Baga- Bhalag of Solan district are under operation in the state. ACC Ltd Ambuja Cements Ltd Jaypee Cements Key players Reliance Cement Company was recently granted a prospecting licence to set up a cement plant. MoUs have been signed for the establishment of major cement plants by M/s Harish Cement (Grasim) at Sundernagar (Mandi district), M/s India Cements Limited at Gumma-Rohaha (Shimla), and M/s Lafarge India Limited at Alsindi (Mandi). The Government of Himachal Pradesh has signed an MoU with Jaypee Industries to establish a large cement plant at Broh Shind (Chamba district). In addition, the state government has granted prospecting licenses to the companies in order to carry out the detailed study for proving the deposits, quantity and quality of limestone and other associated minerals.

42 ACC Ltd ACC is one of India s foremost manufacturers of cement and concrete, with 14 cement factories. It has a plant, Gagal Cement Works, in Bilaspur. In September 2009, Himachal Pradesh allowed ACC to generate electricity using waste exhaust from kiln gases, an eco-friendly method. Ambuja Cements Ltd Ambuja Cements is among the large cement companies in India, with an annual combined capacity of million tonnes. It has an installed capacity of two million tonnes per annum (MTPA) in Darlaghat (Solan district). The company inaugurated its third cement plant in Nalagarh, with a production capacity of 1.5 million tonnes. It also set up a new clinker production facility, with a production capacity of 2.2 million tonnes, in Rauri in Recently, in November 2013, Ambuja Cements announced that it received shareholders approval to buy 24 per cent stake in Holcim (India) from Holderind International for US$ million. Jaypee Cement Jaypee Cement has an aggregate annual capacity of 28 million tonnes per annum and is among the largest cement producers in the country. The company has aggressive expansion plans and is targeting an annual production capacity of 35.9 million tonnes by Jaypee has a cement blending unit in Nalagarh, with a production capacity of 2.5 million metric tonnes. In February 2014, Jaypee Cement Corporation began talks with Ultratech for the sale of its two units (two MTPA each) in Himachal Pradesh.

43 Himachal Pradesh s IT policy and incentives offered to the IT industry are aimed at promoting the state as an attractive destination for the industry. The state has proposed to set up IT parks, and several incentives are being offered to IT firms. Software Technology Parks of India (STPI) has established a centre in Shimla. Some of the key players Himachal Futuristic Communication Ltd Microtek International WeP Peripherals Ltd Spice Mobile During , software exports made by registered units through STPI were worth US$ 0.19 million. The state has launched a venture capital fund dedicated to the IT industry, with a corpus of around US$ 4.2 million. It is funded jointly by Small Industries Development Bank of India (SIDBI) and other state government agencies. Information technology has a great scope for employment generation and revenue earnings in the state. The government has introduced HIMSWAN, SUGUM, Hospital Management Information System (HMIS), Common Services Centres (CSCs), and State Data Centre (SDC), AGRISNET, e-procurement, Content Service Provider (CSP) and e-samadhan systems to bring efficiency and transparency in administration through IT and IT-enabled services.

44 Himachal Futuristic Communications Ltd (HFCL) Microtek International Pvt Ltd HFCL is a leading telecom equipment manufacturer, particularly into transmission equipment, optical-fibre cables, accessories and terminal equipment. It has a manufacturing facility at Solan. The total employee strength of the company was 973, as of March The company is among the first Indian telecommunication companies to have successfully subscribed a Global Depository Receipts (GDR) issue. The company has participated and executed various national and international turnkey projects in the fields of satellite & radio communication, CDMA mobile networks, optical transport networks and spectrum management solutions. Microtek International is an IT peripherals and power products company. It has set up a motherboard manufacturing facility in Parwanoo, with a capacity of 50,000 motherboards per month. WeP Peripherals Ltd Established in 2000, WeP Peripherals (earlier Wipro Peripherals) started manufacturing dotmatrix printers. It has now diversified into retail solutions, energy solutions and printing solutions. The company has a state-of-the-art manufacturing facility in Baddi, with a production capacity of more than 650,000 products per annum. Spice Mobile Spice Mobile, a subsidiary of the Spice Group, is among the largest mobile handset manufacturers in India. The company has a manufacturing facility in Baddi, where it began mobile handset production in March Spice Mobile accounts for around per cent of the mobile devices market in India.

45 Tourism is emerging as a big industry in Himachal Pradesh. The state has a number of beautiful places, rivers, rivulets, lakes, parks and other centres that attract the tourists. Tourism is one of the most important sectors for the state economy in terms of foreign exchange earnings and creation of employment opportunities Himachal Pradesh is endowed with topographic diversity, historical monuments and religious shrines. As of December 2014, there were 2,953 registered hotels in the state. Top tourist destinations Kullu 613 Shimla 397 Kangra 379 No of registered hotels and guest houses Destination Shimla 3.4 Kullu 3.2 Kangra 2.3 Una 1.1 Bilaspur 1.0 Chamba 1.0 Sirmaur 1.0 Solan 0.9 Mandi 0.8 Hamirpur 0.7 Kinnaur 0.5 Lahaul & Spiti 0.4 No of tourists* (in million) Solan 204 Chamba 145 Source: Ministry of Tourism, Government of India, Himachal Pradesh Economic Survey , *Tourist arrivals for 2012

46 The government introduced a home-stay scheme in 2008 that aims at providing clean and comfortable accommodation to tourists in rural areas in the vicinity of famous tourist destinations where hotels are packed to capacity. Tourist inflows in the state increased to 16.1 million in 2012 from 11.4 million in 2009, implying a CAGR of 12.2 per cent. To boost tourism, the state plans to set up a golf course and improve connectivity by increasing the number of helipads. Sustainable Tourism Policy, 2013 has been formulated for promoting sustainable tourism without damaging the ecology and environment. Number of domestic tourists (in millions) Number of foreign tourists (in 000s) Source: Ministry of Tourism, Government of India, Himachal Pradesh Economic Survey

47 Livestock is integral to the sustainability of the economy of Himachal Pradesh. Farm activities are being supplemented by improvement in milch cattle through a cross-breeding programme, rabbitry, pisiculture and floriculture. The contribution of major livestock products during the year was 1.14 million MT of milk, 1,650 MT of wool, million eggs and 3,997 MT of meat, which would likely be to the order of 1.16 million MT of milk, 1,670 MT of wool, million eggs and 4,000 MT of meat during Annual production (in metric tonnes) Milk 1.1 million 1.2 million Wool 1,650 1,670 Eggs million million Meat 3,997 4,000 Under Animal Health and Disease Control, Himachal Pradesh had one state level veterinary hospital, seven polyclinics, 49 sub-divisional veterinary hospitals, 282 veterinary hospitals, 30 central veterinary dispensaries and 1,762 veterinary dispensaries as on 31 December Source: Ministry of Tourism, Government of India, Himachal Pradesh Economic Survey Dairy production is an integral part of animal husbandry and forms part of the earning of small and marginal farmers in Himachal Pradesh.

48 Projects Doodh Ganga Yojna Livestock Insurance Scheme National Project on Cattle & Buffalo Development Bhed Palak Samridhi Yojna Shepherd Insurance Scheme Description Bank Loan of US$ 8,295 for purchase of 10 cows and construction of shed for them including 10 per cent share of beneficiary. Bank Loan of US$ 29,860 for purchase of cold chain milk transportation system and US$ 39,814 for establishing milk product making units. Cows and buffaloes giving five litres or more milk per day are insured under this scheme. Premium of insurance kept at 5.15 per cent for three years and 2.91 per cent for the first year, which is shared equally by the government and the owner. It has been sanctioned on the basis of 100 per cent central assistance. US$ 2.10 billion during the 1 st phase and US$ 3.98 billion during the 2 nd phase were released for the state. Aims to strengthen liquid nitrogen storage & distribution, sperm stations & banks, training facilities, etc. 500 sheep and 25 goats would be given to the beneficiary for breeding units, and an amount of US$ 41,473 is the total outlay. About 33.3 per cent subsidy of total outlay and maximum of US$ 13,819 would be paid to the beneficiary. The concerned person will have to pay 25 per cent of the total project cost. Life Insurance Corporation, Government of India and the shepherd would bear the premium of the insurance. To provide chaff cutter at 75 per cent subsidy. To provide a scholarship of US$ 20 per year for two children of the beneficiary studying in classes Source: Himachal Pradesh Economic Survey

49 Single-Window Clearance Mechanism (SWM) was established in It has a two-tier structure. SWM structure in Himachal Pradesh District Single Window Clearance Committee for each district in the state is chaired by General Manager/Member Secretary, with senior-most officers of departments concerned in the district as members. State-level Single Window Clearance and Monitoring Authority Chief Minister of Himachal Pradesh State-level agency with Chief Minister of Himachal Pradesh as Chairman and various heads of departments as members. Approval for proposals with investments of over US$ 1.09 million, power requirement of above 1 MW and industries in the negative list (such as forest-based and mining); as defined by central and state governments, are decided by the state-level Single- Window Clearance Agency. District-level Single Window Clearance Agency GM-DIC/ Member Secretary Source: Industries Department, Government of Himachal Pradesh GM: General Manager, DIC: District Industrial Centre

50 Single-window Clearance and Monitoring Agency: State-level Nodal Agency Purpose Provides first approval to medium and large scale investment proposals between days of submission. Projects above US$ 1.09 million, power requirements above one MW and industries in the negative list (such as forestbased and mining) as defined by the central and state governments are approved by the agency. Composition The Chief Minister of Himachal Pradesh is Chairman of the agency; other members include heads of the departments of town and country planning, labour, electricity, water, director of industries and industrial adviser. District Industry Centre (DIC): District-level Committee for Single-window Clearance Purpose Provides sanctions and clearances for setting up small scale industrial units. Composition Convened by the General Manager, DIC or member secretary, Single-window Clearance and Monitoring Agency. Source: Industries Department, Government of Himachal Pradesh MW: Mega-Watt, DIC: District Industrial Centre

51 Agency Single-Window Clearance Agency Himachal Pradesh State Small Industries and Export Corporation Description Agency for speedy clearance and in-principle approval to large and medium scale projects. Time frame for approval is days. Since inception in 2004, 60 meetings have been held, and 898 projects, with an investment of US$ 6.41* billion, have been approved up to March Supply of raw materials through appropriate depots. Supply of machinery on hire-purchase. Provision of assistance in export and marketing. Himachal Pradesh Financial Corporation To provide medium and long-term loans as well as working capital loans to small and medium scale units under various schemes. To provide loans for expansion, modernisation and rehabilitation of existing units. *US$ 1 = (Average rate for )

52 Agency Directorate of Industries Description Registration of Small Scale Industries (SSI) and recommendation of medium and large scale industries to the appropriate authority. Technical and general consultancy. Recommendation for financial assistance to financial institutions/banks for margin money and loans. Industrial infrastructure development. Collection and maintenance of data relating to industrial units. Allotment of industrial plots, sheds and shops in districts. Liaison with and provide feedback to the central and state governments. Administration of all incentives to industries given by the central and state governments.

53 Agency Himachal Pradesh Industries Department Himachal Pradesh State Industrial Development Corporation Limited Contact information Udyog Bhawan Shimla Phone: Website: New Himrus Bhawan Circular Road Shimla Phone: , Fax: Website:

54 Approvals and clearances required Departments to be consulted Prior to setting up the unit Registration Allotment of land/shed Permission for land use No Objection Certificate under Water and Air Act Approval for construction activity and building plan Site environmental approval Provisional trade tax registrations Registration under Central Sales Tax Act District Industry Centre for SSI or Large and Medium Industries State Department of Industries/Infrastructure Corporation District Authorities, Department of Town and Country Planning Himachal Pradesh State Pollution Control Board Town and Country Planning Authority State Pollution Control Board and Ministry of Environment and Forests Central and State Excise Departments Central and State Excise Departments Source: Commissionerate of Industries, Government of Himachal Pradesh

55 Approvals and clearances required Departments to be consulted Before commencement of production No Objection Certificate under Water and Air Act No Objection Certificate Permanent trade tax registration Registration under Central Sales Tax Act Himachal Pradesh State Pollution Control Board Fire Department and Directorate of Factories and Boilers Central and State Excise Departments Central and State Excise Departments After commencement of production/activity Registration Department of Industries and respective sector departments such as Information Technology/Biotechnology, etc. Source: Commissionerate of Industries, Government of Himachal Pradesh

56 Parameter Industrial land (per sq ft) Office space rent (per sq ft per month) Residential rent (1,600 to 2,500 sq ft house) Cost estimate Baddi Industrial Area: US$ Other Industrial Areas: US$ US 10 cents to US$ 8 US$ per month* Hotel costs (per room, per night) US$ Power (per kwh) Small and medium industries: US cents Large industries: US cents Labour (minimum wage per day) US$ Water (per kl) Domestic: US 16.2 cents Commercial: US 32.6 cents Source: Directorate of Industries, Ministry of Labour and Employment, Government of India, Himachal Pradesh Irrigation and Public Health Department, Himachal Pradesh State Electricity Board Ltd, Industry sources *Simla or Kullu Manali, kl: kilolitre

57 Tourism Policy 2005 Objective To make tourism the prime engine of economic growth by positioning the state as a leading global destination by Read more Industrial Policy 2004 Objective To develop infrastructure with lesser number of regulations and provide speedy clearance of new projects. Read more IT Policy 2001 Objectives Action plan to harness potential benefits offered by the IT sector. To use IT for heralding world class e-tourism in the state. Read more

58 Hydro Policy Objective To focus on capacity addition, energy security, access and availability, affordability, efficiency, environment and local employment. Read more

59 Exchange rates (Fiscal Year) Exchange rates (Calendar Year) Year INR equivalent of one US$ Year INR equivalent of one US$ * Q Q Q Average for the year, *Average for first three quarters

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