Discover Uttarakhand

Uttarakhand

Uttarakhand, situated in the foothills of the Himalayas, is one of India’s fastest growing states with a diverse economy driven by agro-based industries, tourism, pharmaceuticals, and information technology. With a projected Gross State Domestic Product (GSDP) of Rs. 4.29 trillion (US$ 50.26 billion) in FY26 and a steady compound annual growth rate of 8.86%, the state offers a robust environment for business expansion. Its strategic location, rich spiritual heritage, abundant natural resources, and improving infrastructure have made it an attractive destination for investment and trade. The state’s continued emphasis on sustainable development, enhanced connectivity, and capital investment makes it a significant hub for businesses seeking growth in northern India.

Business Environment

Uttarakhand’s pro-industry policies, tax incentives, and focus on infrastructure development have created a conducive atmosphere for industrial growth. The state government’s Vision 2030 aims to double horticultural processing capacity, strengthening agro-based sectors. Enhanced road connectivity, including all-weather highways linking key pilgrimage and border areas, supports smooth logistics and supply chain operations. The presence of skilled labor, growing urban centers, and rising female labor participation further enhance its business prospects.

Key Industries and Opportunities

• Agro-based industries and horticulture processing, benefiting from diverse climatic zones and fertile plains.

• Tourism and eco-tourism, bolstered by spiritual sites, wildlife parks, and hill stations attracting over 54 million visitors annually.

• Pharmaceutical manufacturing, supported by favorable industrial policies and growing demand.

• Information technology and digital services, enhanced by improved infrastructure and government incentives.

• Renewable energy and sustainable development projects aligned with the state’s green growth initiatives.

Trade and Infrastructure

Extensive infrastructure development over the past two decades has transformed Uttarakhand’s connectivity, with over 40,000 km of roads linking even remote villages. This connectivity facilitates access to markets, healthcare, and education, promoting inclusive economic growth. Key trade corridors linking the state to northern India and border regions enhance its strategic importance for commerce and defense logistics. The state’s focus on all-weather roadways and digital infrastructure ensures business continuity and scalability.