Himachal Pradesh

Himachal Pradesh is a famous hill state with natural beauty and industrial opportunities. Even the state offers investment opportunities of about $17.03 bn spread across 12 different districts. It has made incredible progress in the sector of industrialization which has resulted in new industrial schemes in Himachal Pradesh.

Several programs are now in place to support and expand the state economy in each of Himachal Pradesh's districts.

Here are some Incentives that the government offers for state benefit and development:

1. Central Capital Investment Incentive
2. Project Report and Certification Cost Subsidy
3. Allotment of Land
4. Stamp Duty Concession
5. Transportation Assistance
6. Interest Subvention
7. Employment generation subsidy
8. Patent Filing Cost:

Promotion of Thrust Sectors

Himachal Pradesh offers several industrial subsidies and incentives to increase employment opportunities and promote industrial growth in the region. Here are the different thrust sectors in Himachal Pradesh:

i.)         Floriculture

ii.)        Medicinal herbs and aromatic herbs etc. – processing

iii.)       Honey

iv.)       Horticulture and Agro-based Industries such as: -

g.)        Sauces, Ketchup, etc.

h.)        Fruit juices & fruit pulp

i.)         Jams, Jellies, vegetable juices, puree, pickles, etc.

j.)         Preserved fruits and vegetables

k.)        Processing of fresh fruits and vegetables including packaging

l.)         Processing, preservation, and packaging of mushrooms

v.)        Food processing industry excluding those included in the negative list

vi.)       Sugar and its by-products

vii.)      Silk and silk products

viii.)      Wool and wool products

ix.)       Woven fabrics (Excisable garments)

x.)        Sports goods and articles and equipment for general physical exercise and equipments for adventure, sports activities

xi.)       Paper and paper products excluding those in negative list

xii.)      Pharma products

xiii.)      Information & communication technology, Computer hardware

xiv.)     Bottling of mineral water

xv.)      Eco-tourism – Hotels, resorts, spas, entertainment/amusement parks, and ropeways

xvi.)     Industrial gases (based on atmospheric fraction)

xvii.)    Handicrafts

xviii.)   Non-timber forest product-based industries