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14 August 2019Page 1
Himachal Pradesh
14 August 2019Page 2
Himachal Pradesh - an Overview
► One of the fastest growing states in India
► GSDP of USD 21.69 bn in FY 2019
► GSDP growth rate at market price in FY 2019 - 11.2%
► Per Capita Income at current prices – USD 2528 in FY 2019
(National USD 1792)
► Per Capita Income registered a growth rate of 10% from
FY 2018 to FY 2019 (National growth 6%)
► Export of USD 1.2 bn in FY 2018 to 52 countries
► Export growth rate of 16% (FY 2018)
► Population (2011 census) – 6.9 Million/ National – 1.21 Billion
► Population Density – 123 per sq,kms/ National Average -
382 per sq,kms
► Literacy rate - 82.80/ National Average - 73.0
► Life expectancy – 71/ National average- 67.5
Himachal at a Glance
Economic IndicatorsUttar
Pradesh
Uttarakhand
Haryana
Punjab
Jammu &
Kashmir
Proximity to Consumer market
About 300 million (25% of India’s Population)
Delhi
14 August 2019Page 3
Manufacturing & Pharmaceuticals
► Manufacturing growth rate - 12.5% (FY 19)
► 60 developed Industrial areas
► The State is known as pharmaceutical hub of Asia
► Meets 35% of demand in Asia
► 300 pharma companies
► Textile hub with total capacity of more than 600,000
spindles
► Cement hub owing to surplus limestone in the State
► Other areas of investment in manufacturing:
► Food Processing, FMCG, Auto & Light Engineering,
Electronics, Precision Tools
► Himachal Pradesh exports to more than 52 countries
Key Players in the State Sector Overview
14 August 2019Page 4
Himachal Pradesh - Industrial map
Manufacturing sectors
Engineering
Pharmaceuticals
Food Processing
Textile
Cement
Precision tools
14 August 2019Page 5
Focus Sectors
Hydro & Renewable Energy
Information Technology/ ITeS &
Electronics
Agri-business, Food Processing & Post
Harvest Technology
Tourism, Hospitality & Civil Aviation
Wellness, Healthcare & AYUSH
Education & Skill Development
Housing, Urban Development and
Infrastructure
Manufacturing and Pharmaceuticals
14 August 2019Page 6
Availability of Land Bank for Investors
► Online land bank portal prepared
► All private and government land details are
uploaded on the official website “risinghimachal.in”
► 1600 acres of Government land available for
Industries
► Private land bank approx. 618 acres (92 locations)
(Available and uploaded on our website)
Open”https://risinghimachal.in/”
Click on “Land Bank” at the right top corner of the
screen
Process to see the Land Bank available on portal
14 August 2019Page 7
Progress Made so far
➢ Attracted investment intent worth INR 30,000 Crore till date through 260+ MoUs across
8 focus sectors
➢ All MoUs are monitored through online Him Pragati Portal
MoU Signing Ceremony on 25th Feb 2019 at Shimla CM Address at MoU Signing Ceremony on 25th Feb 19 at Shimla
14 August 2019Page 8
International Roadshows
Frankfurt
Frankfurt
Dubai
DubaiNetherlands
Netherlands
14 August 2019Page 9
Domestic Roadshow Bengaluru (30 January 2019)
✓ 15 B2G Meetings with prominent corporates like Wipro, Metro(Cash& Carry), Toyota Kirloskar Auto
Parts, TVS, Indo Nissin etc.
B2G Meeting in progress in Bengaluru Audience in the Roadshow
14 August 2019Page 10
Domestic Roadshow Hyderabad (31 January 2019)
✓ 18 B2G Meetings with prominent corporates like Nagarjuna Construction Company Limited, Ramky
Enviro Engineers, Apollo Hospital Enterprises, Dr. Reddy Laboratories Ltd etc.
B2G Meeting in progress in Hyderabad Hon’ble Industries Minister address during the
roadshow
14 August 2019Page 11
Domestic Roadshow Mumbai (27 – 28 June 2019)
Meeting with Mr Rattan Tata, Chairman, Tata Trusts Meeting with Mr Anand Mahindra, Chairman, Mahindra Group
Meeting with Mr Harsh Goenka, RPG Group Meeting with Mr Adi Godrej, Godrej Group
14 August 2019Page 12
Domestic Roadshow Mumbai (27 – 28 June 2019)
Meeting with Mr Mukesh Ambani, Reliance Group Meeting with Mr Neeraj Akhoury, MD & CEO, ACC Ltd
✓ 10 B2G Meetings with prominent corporates like TATA Group, Reliance Industries, Mahindra Holidays
& Resorts, SKIL Infrastructure Ltd, Devagabond outdoor Pvt Ltd & Himalyan Bliss
✓ Signed 6 MoUs, with investment amounting INR 1020 Cr
14 August 2019Page 13
Domestic Roadshow Delhi (10 July 2019)
B2G Meeting in progress in DelhiCurtain Raiser: meeting with the Ambassadors/ Representatives
of 60 Nations
✓ 16 B2G Meetings with prominent corporates like Field Fresh Food; GMR, OYO India, Trans Metalite
India, Virgo Group, Renew Power, Ski Himalayas Ropeway, Jaipuria schools, Satya developers,
Munjal Auto, Dr Path Labs
✓ Signed 6 MoUs, with investment amounting INR 1195 Cr
14 August 2019Page 14
Domestic Roadshow Ahmedabad (12 July 2019)
✓ 16 B2G Meetings with prominent corporates like Gujrat Ambuja Exports; JJ PV Solar Private Limited;
Blue Ray Aviation Private Limited; Centaur Energy; Creative Choice Group; Ultracab India Limited;
& Chandresh Cables
✓ Signed 8 MoUs, with investment amounting INR 780 Cr
B2G Meeting in progress in AhmedabadMoU Exchange between corporate and State
Government
14 August 2019Page 15
Key Incentives Industrial Investment Policy - 2019
Category of Enterprise
MSMEManufacturing Sector* - up to INR 10 Crores
Service Sector# - up to INR 5 Crores
LargeManufacturing Sector* – Above INR 10 Crores
Service Sector# – Above INR 5 Crores
MegaManufacturing Sector* – Above INR 100 Crores
Service Sector# – Above INR 50 Crores
AnchorFixed Capital Investment of more than INR 200 Crores and employing more
than 200 Bonafide Himachalis on regular basis
Investment in *Plant & Machinery, # Equipment
Regional Categorization
Category “A” Industrial developed areas of the State
Category “B” Intermediate areas or industrially developing areas of the State
Category “C”Tribal areas, industrially backward development blocks and backward panchayats of the State
14 August 2019Page 16
Key Incentives Industrial Investment Policy - 2019
Allotment of Land at Concessional Rate (A, B & C)
Rebate on Payment of Stamp Duty and Registration Fee
Reimbursement of Net State Goods and Service Tax
MSME 50%-70% of rate / premium fixed (commences production within 2 years)
Large 25%-65% of rate / premium fixed (commences production within 3 years)
Anchor 50% to 75% of premium fixed (commences production within 3 years)
MSME50% to 90% of the applicable rates in Category A, B & C areas on instrument of conveyance or lease deed
Large 50% to 80% of the applicable rates in Category A, B & C areas on instrument of conveyance or lease deedAnchor
MSME 50%-90% of SGST paid up to 80% of FCI for a period of 7 years
Large 50%-80% of SGST paid up to 80% of FCI for a period of 5 years
Anchor Net SGST reimbursement up to 80% of FCI for a period of 7 years
FCI - Fixed Capital Investment
14 August 2019Page 17
Key Incentives Industrial Investment Policy - 2019
Interest Subvention for period of 3 Years in Category A, B & C
Concessional rate of electricity charges
Transport Subsidy on transportation of Raw Material and Finished Products within the state
MSME@ 3% on term loan subject to a max of Rs. 2 ,4 and 6 lakhs per annum for a period of 3 years
Large@ 3%, on term loan subject to a max of Rs. 10, 15 and 20
lakhs per annum for a period of 3 years
MSME • For New Enterprises, Energy Charges @ 15% lower than the
approved Energy Charges for a period of 3 years
• For Existing Enterprise, rebate @ 15% on Energy Charges for
additional power consumption beyond the preceding
financial year
Large
Anchor
MSME Reimbursement @ 3% to 5% of annual turnover for a period of 3 to 5 years (Category B & C only) subject to maximum of
Rs. 10 to 30 lakhs per annumLarge
Anchor@ 5% of annual turnover for a period of 5 years subject to
maximum of Rs.30 lakhs per annum
14 August 2019Page 18
Key Incentives Industrial Investment Policy - 2019
Capital Infrastructure for Industrial Parks
Capital Infrastructure for Sector Specific Theme Parks
Capital Infrastructure Subsidy @ 40% subject to maximum of Rs.10,
15 & 20 Crore for parks set up in Category A, B & C areas
respectively
Capital Infrastructure Subsidy of the cost incurred for the
development of common industrial infrastructure & utilities @ 25%,
40% & 50% subject to max of Rs.15, 20 & 25 Crore in Category A, B &
C respectively
14 August 2019Page 19
Key Incentives Industrial Investment Policy - 2019
a) Reimbursement of 90% of the charges paid to the consultant for preparation of DPR,
subject to max of INR 1 Lakh
b) Interest Subvention @ 5 % on term loan for a period of 05 years subject to a max ceiling
of Rs. 3, 5 & 7 lakhs per annum in Category A, B & C areas respectively subject to
condition that interest subsidy would be calculated on simple interest.
c) Reimbursement of 100% of cost incurred on inland carriage and inland transit
insurance of Plant and Machinery after Commencement of Commercial Production
subject to max of Rs. 3 lakhs.
Incentives for Special Category of Entrepreneurs
Special Category of Entrepreneurs are entitled to avail following
additional incentives
14 August 2019Page 20
Policies Notified, Formulation & Revision
# Policy under formulation/ revision
1 HP Tourism Policy, 2019
2 HP Ayurveda Policy, 2019
3 HP IT and Electronics, 2019
4 HP Electrical Vehicle Policy, 2019
5 HP Food Processing Policy, 2019
# Policy Notified
1 HP Film Policy, 2019
14 August 2019Page 21
Rising Himachal – Website and Mobile app
Website – www.risinghimachal.in
Important information on website: Details about incentives, focussectors, investible projects, event announcements and schedule,registration for summit etc.
Mobile Application: Available in Google play and Apple Store(iOS)
14 August 2019Page 22
You all are Cordially invited
Dharamshala
Global Investors’ Meet
at
Dharamshala
Himachal Pradesh
on
7th - 8th November 2019
Himachal Pradesh
Contact Us:
Mr Abid Hussain Sadiq,
Special Secretary, Industries
Mob: +91-70185-28289Email: [email protected]
Mr Hans Raj Sharma, Director, Industries
Mob: +91-94180-10040
Email: [email protected]
Knowledge Partner - EY
Mr. Navreet Singh Beling
Mob: +91-87188-05524
Email: [email protected]
