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Himachal Pradesh: Industry Beyond 2020 – The Road Ahead

March, 2018

Himachal is widely associated as a holiday destination with its snowcapped mountains, verdant valleys, and crystal clear lakes and rivers. The State has also taken significant strides in fostering industrial development. Its geographic location and repository of natural resources including immense hydropower potential offers a strategic advantage for investors and entrepreneurs. Majority of growth in the industrial sector constitutes SMEs and MSMEs, which underlines the state’s important role in the Make in India story.

The State Government has pioneered several initiatives for good governance such as ‘e-Samadhan’ for redressal of public grievances, regulation of Labour & Business Parameters, Single Window Clearance System , State Wide Area Network (S.W.A.N.) for e-governance, amongst others. The government is already in the process of implementing Ease of Doing Business reforms that will streamline processes and enhance system efficiency.

The report highlights business and economic landscape, drivers and opportunities in focus sectors and key Government initiatives towards sustained socio-economic development of Himachal Pradesh. It also underlines the challenges facing the industry and provides recommendation towards catalyzing investments in the State.

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