Himachal Pradesh

Last Updated: January 2009


The state of Himachal Pradesh, located in the northwest of India, is at the forefront in attracting investments - especially in the construction and manufacturing sectors. The state government is creating an attractive investment climate by announcing various investment-friendly policies and initiatives. Investment in the manufacturing sector of the state shot up by 95.5 per cent, while that in the construction sector rose from US$ 48.2 million as of March 2006 to US$ 492.6 million as of March 2007.

The state’s GDP grew an impressive 12.93 per cent between 1999-2000 and 2006-07 to reach US$ 7 billion. Medium and large scale industries account for 80 per cent of investments and 45 per cent of the employment in the state. Sectors in this state that are ideally suited for investments include hydroelectric power, cement and tourism among others.

Himachal Pradesh has also emerged as one of the fastest growing region for the pharmaceutical industry in India. More than 300 pharmaceutical firms have set up base in Himachal Pradesh, including leading pharmaceutical companies such as Dr Reddy's Laboratories, Cipla and Ranbaxy among others.

State Presentation (FY 2008-09)
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Haryana

Last Updated: November 2009


Haryana has a per capita income higher than the national average—in 2007-08, the per capita income of Haryana was US$ 1,455.9, higher than the all-India average of US$ 850. Agriculture is one of the biggest employment generators in rural Haryana with strong potential in value addition and exports.

The state economy is shifting from agriculture to manufacturing and services sectors. Production of textiles, including ready-made garments, in Haryana is roughly US$ 1 billion, annually, and almost one-third of this is exported.

Haryana has witnessed a strong inflow of investments in recent times. As of December 2008, the total outstanding investments in Haryana was about US$ 76.57 billion. The secondary sector of Haryana is driven by automobile and auto components, light engineering, electricity, gas and construction. Haryana has a significant share in the production of passenger cars, tractors, motor cycles, refrigerators and sanitary-ware in the country. The state produces half of the passenger cars and two-wheelers in the country and is the preferred destination for auto majors and auto component manufacturers and is host to many significant players including Maruti Suzuki, Hero Honda and Yamaha Motors.

Gurgaon has emerged as a preferred destination for the IT Industry in North India. Total software exports from Haryana were about US$ 3.04 billion in 2006-07; software exports from the state have shown a growth of 33.5 per cent in 2006-07 over the previous year. The electronics industry in Haryana has also shown improved performance; a US$ 5.2 billion industry in 2006, it grew at a compound annual growth rate (CAGR) of 19.2 per cent between 2002 and 2006.

State Presentation (September 2009)
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Goa

Last Updated: November 2009


Goa is a globally recognised tourist destination famous for its beaches and cultural diversity. Tourism is a key economic activity of Goa and has contributed substantially to the economic development of the state in terms of employment generation and foreign exchange earnings.

Goa’s gross domestic product (GDP) grew at a compound annual growth rate (CAGR) of 15.4 per cent between 1999-2000 and 2007-08 from US$ 1.36 billion to US$ 4.3 billion. The per-capita income of Goa was US$ 2,731 while the all-India average was US$ 850 in 2008. The tertiary sector continues to be the mainstay of the state’s economy. In terms of per capita deposits, Goa is next only to Delhi and Chandigarh. At the end of 2006, Goa’s per capita deposits stood at US$ 2,482 against the all-India figure of US$ 711.7. In terms of number of households covered by banking facility, Goa ranks first in the country with 72.8 per cent financial inclusion.

Iron, manganese and bauxite ores are the major minerals found in Goa. Mining (especially of iron ore) along with tourism, is an important industry for Goa and the state exports over 60 per cent of the country’s iron ore (45.9 million tonnes in 2008). Apart from having an established iron ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas like fertilisers, tyres and tubes, cement, electrical machinery, fish net making machines, automatic washing machines, printed circuit boards, pharmaceutical and pharmaceutical machinery. The pharmaceuticals industry is the second largest employer after the mining industry in the state.

Goa is a major exporter of seafood to the US, Japan and European countries.

As of December 2008, the outstanding project investments in the state were to the tune of US$ 1,302 million, with the services sector accounting for the major chunk.

State Presentation (September 2009)
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Gujarat

Last Updated: November 2009


Located on the western coast of India, Gujarat has the longest coastline in the country at 1,600 km, and has one of the strongest port infrastructures in India. The state has 42 ports along a 1,600 km coastline, including one major port at Kandla and 41 minor ports and it is the first state in India to take up port privatisation. The agro sector, including animal husbandry, contributed 14.8 per cent (at current prices) to Gujarat‘s Gross State Domestic Product (GSDP) in 2006–07. In 2008–09, Gujarat was the highest exporter of cotton in India at 60 per cent. It was also the highest contributor of man-made fibre (31 per cent) and man-made filament yarn (38 per cent) in the country. Gujarat is the largest producer of denim in India (65 to 70 per cent) and the third-largest in the world.

Gujarat ranks first in the production of crude oil (onshore —55.10 per cent) and natural gas (onshore —32.3 per cent) in India. The state has the highest number of oil and gas fields, both onshore and offshore, in India (31.3 per cent). Nearly 36.6 per cent of India’s installed refining capacity is in the state of Gujarat. The state is the highest contributor to the total national production of petrochemical products.

Gujarat accounts for 72 per cent of the world‘s share of processed diamonds and 80 per cent of total diamonds processed in India, with eight out of 10 diamonds in the world being polished in Surat. It is internationally renowned for the production of unique hand-made silver ornaments (85 per cent of total silver jewellery production of India).

The GSDP of Gujarat was US$ 61 billion (E) at current prices in 2007–08 and the state has set the highest growth target of 11.2 per cent for the Eleventh Five Year Plan. The per capita income of Gujarat in 2006–07 stood at US$ 829.6, higher than the national average of US$ 655.2. The tertiary sector is the highest contributor to Gujarat‘s economic basket, while manufacturing accounts for the largest share of employment across industries in Gujarat.

State Presentation (September 2009)
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Delhi

Last Updated: October 2009


Delhi, India's capital, is not only the largest commercial centre in northern India, but also the largest centre of small industries. Delhi and the national capital region (NCR) rank among the top regions in India in terms of attracting foreign direct investment (FDI). The state received US$ 16.71 billion from April 2000 to July 2009.

The per capita income of the state at current prices for 2006-07 (quick estimates) stood at US$ 1,443. The Annual Plan Outlay for Delhi has increased from US$ 1.08 billion in 2004-05 to US$ 2.16 billion in 2008-09. As per Census 2001, the total population of Delhi stood at 13.8 million.

The Golden Quadrilateral project undertaken by the National Highway Authority of India (NHAI) will connect Delhi to other parts of the country. In addition to the six approved corridors of Delhi Metro Phase II, a 20 km metro corridor from Central Secretariat to Badarpur and another 18 km corridor from New Delhi Railway Station to Indira Gandhi International Airport is currently being constructed in Delhi. The DTC fleet, which is the world’s largest eco-friendly bus service, travels extensively on the state’s well-networked roads.

Chhattisgarh

Last Updated: November 2009


Chhattisgarh, which covers a geographical area of 135,000 sq km, is India's newest state and one of the country‘s fastest-growing states. Fourty per cent of the state is under forest area.

Chhattisgarh is the richest state in terms of mineral wealth, with 28 varieties of major minerals, including diamonds. It is the only state in India to have tin ore reserves. Over one-fifth of iron ore in the country is mined here and one of the best quality iron ore deposits in the world is found in the Bailadila mines in the south of the state, from where it is exported to Japan and other countries. The mineral-rich state attracted investment proposals worth US$ 4.89 billion in October 2007. Construction and services in the tertiary sector registered a growth of more than 30 per cent year-on-year in 2008–09. The state is the iron and steel hub of the country. The Bhilai Steel Plant of Steel Authority of India Ltd (SAIL) produces more than 4 million tonnes of iron and steel per annum.

The significance of mining and industrial activity in the state has propelled the setting up of the South East Central Railways(1998), headquartered at Bilaspur —it generates the highest revenues for Indian Railways. Korba in Chhattisgarh is termed the Power Capital of India with National Thermal Power Corporation (NTPC)‘s Super Thermal Power Plant working at 90 per cent Plant Load Factor (PLF). The state has huge coal reserves at 84 per cent of India‘s coal and holds the major share of coal deposits in India, which has led to its 'power hub' status.

State Presentation (September 2009)

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Bihar

Last Updated: November 2009


While Bihar has a varied mix of industries ranging from agro-based (food processing, silk and tea) to leather and non-metallic minerals, the state is one of the largest producers of vegetables in the country and is the leading producer of litchis, honey and makhanas, as well as the fourth-largest producer of mangoes in the country. Sugar plays a prominent role in Bihar‘s economy and the state is the country's sixth-largest tobacco producing state. Recent years have seen significant improvement in Bihar‘s economic performance - the state’s gross domestic product (GDP) has grown at a compound annual growth rate (CAGR) of 6.9 per cent between 1999–2000 and 2008–09 to reach US$ 18.6 billion; growth has been driven mainly by the services sector.

Bihar is aggressive on building industrial infrastructure and has a steady inflow of investments across sectors. As of December 2008, outstanding investments in Bihar stood at US$ 22.8 billion. The state has 263 large and medium industries, a majority of which are located in Patna division, followed by Tirhut. Patna, Tirhut, Muzaffarpur, Barauni, Bhagalpur and Gaya are the main industrial centres in Bihar. Currently, the state has leather, and textile and handloom industries as its prominent sectors, apart from a few engineering units. Petroleum remains a huge contributor to its GSDP as the state has one of the largest public sector refineries, that of Indian Oil Corporation (IOC).

Key manufacturing players include Bata Industries, Bharat Wagon and Engineering Company and Indian Oil Corporation.

State Presentation (September 2009)

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