Uttarakhand has an enormous investment capability in many areas having both small as well as large industries. Some of the businesses include tourism, agriculture, forestry, pharmaceutical sector. Some information on the business opportunities in Uttarakhand state are as follows :
Uttarakhand is particularly conducive to horticulture and floriculture. In order to meet the domestic and international markets, floriculture is being developed on a large scale. All around the year, the climate is perfect for growing flowers, therefore, it is proposed to make floriculture parks. Also, horticulture is being promoted on a large scale through the facilities to the industry.
To make significant contributions in agriculture, human and animal health-care, process industries and environment management, biotechnology is invented.
one can easily establish small and medium size agro parks or food parks etc. with the help of the assistance provided by the Uttarakhand government. Under the AEZ (Agri Export Zones) schemes of India, four AEZs have already been declared for medicinal plants, herbs, leechi, horticulture and basmati rice. Ministry of Food Processing Industry (MFPI) has included Uttarakhand in the “difficult category area” zone and therefore, any unit which will set up here will be eligible for higher incentives under the scheme of ministry. Also, government is providing subsidy for any matching project under various schemes of Agricultural and Processed Food Products Export Development Authority (APEDA), NHB (National Horticulture Board), MFPI (Ministry of Food Processing Industry) and NMPB (Natural Medicinal Plant Board).
To develop as a perfect destination for IT and ITES along with hardware production, the state is bequeathed naturally and has all the essentials. The state provides a high speed connectivity with the launching in Dehradun, an STPI earth station.
The state has unexploited capability for engendering hydropower, which is cheap and clean. In the state, nearly 15000 MW of hydropower can easily be generated. For allotment to the private sector, the government has already identified 47 small hydro sites (upto 25 MW). Further, 17 major hydro sites have been taken up for development.
Since almost 70% part of the state is covered with the forest, there is an excellent possibility for fostering of forest resource based industries. There is a vast scope to establish industries related to forest and agro wastes etc. Uttarakhand is very rich in the types of herbs, aromatic and medicinal species. To utilize these resources, a medicinal plants export zone has been established which covers seven districts in the offing.
A major industry has been received the status of a hot sector in Uttarakhand is “Tourism Industry”. It is so notorious industry that the state government has set up the Uttarakhand Tourism Board as an apex body to promote the tourism in the state. The state has already very well known as the centre of pilgrimage tourist area and a large investment potential is there in this sector which includes eco-tourism hotels, resorts, amusement parks, ropeways, spa centres, winter sports places, adventure tourism etc.
Now-a-days, there is a sector which is growing vastly, the Real Estate. Slowly – slowly the sector is spreading in the whole Uttarakhand. Many real estate companies are developing their business here.