OF NATURAL RESOURCES
Uttarakhand has an abundance of natural resources. There are many water
bodies in the form of rivers and lakes are present in the state, has positioned
it as a leading hydro power generator. There are lots of irrigation facilities,
with the favorable geographical climatic conditions; it makes agro based
industries develop in the state. The large forest cover (70 per cent)
provides opportunities for development of those industries which are based
on forest. Many species of herbs, aromatic and medicinal plants are found
in this region. Other natural resources include mineral deposits, rare
species of plants and animals, tea, and bamboo.
POLICIES AND INSENTIVE
Apart from the Concessional Industrial Package, the state also offers
additional benefits through its Industrial Policy of 2003. They focus
on three segments. Firstly, the thrust sectors, identified by the state
based on the need and potential for development, enjoy the added benefits
in terms of fiscal and non-fiscal advantages. The second segment offers
benefits for establishing industries, as well as for expanding existing
ones. And finally, the policies have different incentives allocated for
industries based on their size. There are additional benefits for revival
and rehabilitation of sick industries as well. The different types of
benefits offered by the state include tax exemptions, reimbursements on
loans, interest incentives, financial assistance, subsidies, and concessions.
In addition to common policies, sector specific policies make Tourism,
Information technology, Biotechnology and Agro-based Industries some of
the ideal areas to invest in.
Situated in close proximity to the National Capital Region, the state
has access to leading markets. Uttarakhand is also well connected by road,
rail and air to all neighboring states.
LITERACY RATES AND DEVELOPING SKILLS
The state has an above average literacy rate and is host to many reputed
educational institutes. Facilities aside, the initiatives taken by the
government to develop a talented pool of human resources is providing
additional support to industries in terms of skilled manpower.