| The state of Uttarakhand was formed on | | | | also decided to develop a biotechnology park, |
| November 9, 2000, by carving out 14 hilly districts | | | | which will integrate all the resources and furnish a |
| of northern Uttar Pradesh. It is situated in the | | | | focused institutional setup, thereby accelerating |
| foothills of the Himalayan mountain ranges and | | | | the commercial growth of bioinformatics |
| shares its boundaries with Nepal in the east and | | | | and biotechnology in India. |
| China (Tibet) in the north. Uttarakhand is blessed | | | | These are some factors that have made |
| with diverse geographical features, including | | | | Uttarakhand a favorable destination for investors: |
| snow–capped mountain peaks in the north and | | | | 1. It is the first state in India to have developed a |
| tropical forests in the south. | | | | Tourism Development Board through legislation. |
| | | | | 2. Uttarakhand is encouraging development of |
| Uttarakhand also has diverse climatic conditions | | | | industrial parks, industrial estates, and growth |
| and all prominent climatic zones that make it | | | | centers in the state. |
| conformable to various commercial opportunities | | | | |
| in agriculture, floriculture, and horticulture. | | | | 3. There is an abundant base of highly skilled |
| | | | | human resources at affordable rates. |
| Some prominent industries of Uttarakhand are: | | | | 4. In Uttarakhand, there are many fiscal benefits |
| | | | | offered on investments. These benefits include |
| 1. Tourism Industry: | | | | Concessional Industrial Package that is furnished |
| | | | | by the state and the central governments. |
| Uttarakhand, also known as the Land of Gods, | | | | 5. It has a considerable hydro-potential (15,000 |
| has attracted tourists and pilgrims from across | | | | MW). Of this, only 1,124 MW have been realized |
| the globe. It also boasts of scenic hills, various holy | | | | so far. |
| shrines, and large forest cover that contribute | | | | 6. A dedicated IT park is expected to be |
| towards boosting its tourism sector. The | | | | established in Dehradun, the capital city of |
| Uttarakhand government has an ambition of | | | | Uttarakhand. |
| placing it on the global map as the topmost | | | | |
| destination for environmentally "sustainable and | | | | 7. Uttarakhand has successfully attracted key |
| socially responsible tourism". The tourism policy of | | | | industrial players including Mahindra & |
| the government aims at developing tourism as a | | | | Mahindra, Atlas Cycle Ltd., Asahi India Glass, |
| prominent source of employment and revenue | | | | Britannia Industries Ltd., and LG Electronics India |
| income generation. The tourism industry is | | | | Ltd. |
| considered to be pivotal for social and economic | | | | |
| development in the state. | | | | The state also has a vast pool of natural |
| | | | | resources that adds to its attractiveness as a hot |
| 2. Biotechnology: | | | | destination for investors, especially for the forest |
| Biotechnology is one of the most emerging thrust | | | | and tourism-based industries. The Uttarakhand |
| areas at the global level and is expected to make | | | | government has set up the State Infrastructure |
| substantial contributions in environment | | | | & Industrial Development Corporation of |
| management, agriculture, process industries, and | | | | Uttaranchal Ltd. (SIDCUL) to conceive, concretize, |
| human and animal health care. Uttarakhand hosts | | | | and contrive Uttarakhand's industrial development. |
| diverse flora and fauna culture and contains rare | | | | This corporation is a single window for the state's |
| species of both animals and plants. This gives | | | | various programs and schemes related to |
| Uttarakhand a natural advantage in the | | | | industry. |
| biotechnology sector. The Uttarakhand | | | | |
| government is establishing a high-level | | | | Uttarakhand, being a power-rich state, provides |
| biotechnology board to pursue initiatives in the | | | | vast investment opportunities in production, |
| research field. Furthermore, the government has | | | | transmission, and distribution of power. |