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IBEF Presentataion UTTARAKHAND THE SPIRITUAL SOVEREIGN OF INDIA For updated information, please visit www.ibef.org February 2018 Table of Content Executive Summary .…………….….…….3 Advantage State ……..……………………4 Uttarakhand Vision ……………….……….5 Uttarakhand – An Introduction …….……..6 Annual State Budget 2015–16 ………….16 Infrastructure Status ...............................17 Business Opportunities ……..………......41 Doing Business in Uttarakhand …………58 State Acts & Policies …….………...........63 EXECUTIVE SUMMARY Evolving . Uttarakhand has witnessed massive growth in capital investments due to a conducive industrial policy and industrialisation generous tax benefits. Therefore, Uttarakhand is one of the fastest growing states in India. The state’s GSDP facilitating growth increased at a compound annual growth rate (CAGR) of 6.38 per cent between FY 12-17. The state is situated in the foothills of Himalayas. The presence of several hill stations, wildlife parks, Thriving tourism pilgrimage places & trekking routes make Uttarakhand an attractive tourist destination. Inflow of tourists into the state increased to 29.842 million in 2016. Hydropower generation . Uttarakhand is being developed as an ‘energy state’ to tap the hydropower electric potential of over 25,000 MW. As of January 2018, hydropower generation installed capacity in the state was recorded to be 1,815.69 potential MW. Forest sector on . Forest area covers about 71.05 per cent of the state. The state’s forest revenues increased at a CAGR of 9.5 per cent between 2004-05 and 2013-14 and reached US$ 64.67 million in 2014-15. Gross Value Added growth path (GVA) by forestry & logging in the state reached US$ 475 million in 2016-17. Floriculture and . Uttarakhand has almost all agro-geo climatic zones, which provide commercial opportunities for floriculture horticulture and horticulture. The state has 175 rare species of medicinal and aromatic plants. Source: Uttarakhand at a glance, 2014-15, Aranca Research Estimates, Central Electricity Authority, Forest Department, Uttarakhand, Ministry of Tourism 3 UTTARAKHAND For updated information, please visit www.ibef.org ADVANTAGE: UTTARAKHAND January Potential 2018 Favourable location and abundant resources Stable political environment . The state has close proximity to the national capital of . The state has a stable political environment with Hydropower Delhi, a leading market of the country and excellent successive governments that have been committed installed connectivity with neighbouring states. towards creating a progressive business environment. The state’s capacity of . Abundant natural resources due to hills and forests hydropower about supporting tourism, and vast water resources favouring potential is 1,815.69 hydropower. Agro-climatic conditions support 25,000 MW MW horticulture-based industries. Advantage Uttarakhand Adequate labour pool Policy and infrastructure . The average literacy level is high. A large pool of talented human resources is available as Uttarakhand . The state offers a wide range of benefits in terms of has some of the leading educational institutions in the interest incentives, financial assistance, subsidies and country. concessions. Top-notch institutes, such as IIT Roorkee and IIM . Uttarakhand has a strong social and industrial Kashipur, are located in the state. infrastructure, virtual connectivity with over 39,000 km of road network, two domestic airports, 345.23 km of rail routes and an installed power capacity of 3,324.011. Source: Central Electricity Authority, 1Up to Dec ember 2017 4 UTTARAKHAND For updated information, please visit www.ibef.org UTTARAKHAND VISION 2022 . Strengthen road network in urban areas . Quality primary education to be and upgrade national highways. provided to all children. Develop two major all-weather airports . Job oriented vocational training with connectivity to metro cities. facilities and establishment of higher education institutions. Affordable healthcare with focus on . Become a world leader in disease prevention. Transport Education & skill green energy by leveraging . Provide state funded maternal and development hydropower potential. child healthcare, especially in . Promote micro and small Health rural areas. enterprises. Industries Vision 2022 . Promote the state as a green Tourism Environment . Promote the state as a global economy by focusing on sectors tourist destination by showcasing such as IT, agriculture, tourism, its spiritual, cultural and adventure hydropower and education. tourism. Agriculture Infrastructure . 100% solid waste management, . Target 0.5 million international waste water treatment and tourists by 2022. recycling. Improve yield and quality by providing irrigation facilities and . Harness hydropower for 100% latest technology. electrification in the state and supply power to other states. Create cold chain infrastructure and access to market intelligence for . Connect major cities through multi-lane farmers. highways and proper roads for villages. Source: Confederation of Indian Industry 5 UTTARAKHAND For updated information, please visit www.ibef.org UTTARAKHAND FACTFILE . The state was formed in November 2000 by carving out the 13 hill- districts of Uttar Pradesh. It was formerly named Uttaranchal. Parameters Uttarakhand Capital Dehradun Geographical area (lakh sq. km) 53,483 Administrative districts (No) 13 Source: Maps of India Population density (persons per sq. km) 189 . Uttarakhand is located at the foothills of the Himalayan mountain Total population (million) 10.1 ranges. The state shares borders with China (Tibet) in the north & Nepal in the east & inter-state boundaries with Himachal Pradesh in Male population (million) 5.1 the west & northwest & Uttar Pradesh in the south. Female population (million) 4.9 . Hindi, Garhwali & Kumaoni are commonly spoken in the state. English is the medium of education in many of its schools. Sex ratio (females per 1,000 males) 963 . Uttarakhand has diverse geographical features ranging from snow- capped mountain peaks in the north to tropical forests in the south; Literacy rate (%) 79.63 its climate & vegetation vary accordingly. Source: Uttarakhand at a Glance, 2014-15, Directorate of Economics and Statistics 6 UTTARAKHAND For updated information, please visit www.ibef.org UTTARAKHAND IN FIGURES … (1/2) Parameter Uttarakhand All states Source Economy 2016-17 2016-17 “Advanced Estimates” provided by Directorate of GSDP as a percentage of all states’ GSDP 1.28 100.0 Economics and Statistics of Uttarakhand “Advanced Estimates” provided by Directorate of GSDP growth rate (%) 6.38 11.52 Economics and Statistics of Uttarakhand “Advanced Estimates” provided by Directorate of Per capita GSDP (US$) 2,787 1,799 Economics and Statistics of Uttarakhand Physical Infrastructure Installed power capacity (MW) 3,335.35 334,399.83 Central Electricity Authority, as of January 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No)1 163,099,654 1,167,435,645 November 2017 Telecom Regulatory Authority of India, as of Internet subscribers (No) 49,940,000 359,240,000 September 2017 NHAI, Roads and Building Department, June National highway length (km) 2,842 115,435 2017 Airports (No) 2 125 Airports Authority of India 1Note: Uttar Pradesh includes Uttarakhand 7 UTTARAKHAND For updated information, please visit www.ibef.org UTTARAKHAND IN FIGURES … (2/2) Parameter Uttarakhand All states Source Social Indicators Literacy rate (%) 79.6 73.0 Census, 2011 Birth rate (per 1,000 population) 16.6 20.4 SRS Bulletin, September 2017 Investment 1 Department of Industrial Policy & Promotion, April Cumulative FDI equity inflows (US$ billion)1 0.652 368.05 2000 to December 2017 Industrial Infrastructure DEA , Ministry of Finance, Government of India, Operational PPP projects (No) 129 9,068 February 2018 Ministry of Commerce & Industry, Department of Exporting SEZs (No) 0 222 Commerce, as of December 2017 PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System, 1 Includes Uttar Pradesh 8 UTTARAKHAND For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP GSDP of Uttarakhand at current prices (in US$ billion) GSDP per capita of Uttarakhand at current prices (in US$) 35 CAGR 6.38% 3000 CAGR 7.95% 30 2500 25 30.30 2000 2,787.42 27.34 2,549.80 20 25.06 2,367.94 1500 23.14 15 2,216.11 20.43 1,982.93 17.90 1000 10 1,760.99 5 500 0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 . At current prices, gross state domestic product (GSDP) of . In 2016-17, the state’s per capita GSDP was estimated at Uttarakhand stood at around US$ 30.29 billion in 2016-17. around US$ 2787.42. Between 2011-12 and 2016-17, GSDP of the state grew at a . The per capita GSDP increased at a CAGR of 7.95 per cent CAGR of 13.27 per cent. between 2011-12 and 2016-17. Source: Directorate of Economics and Statistics of Uttarakhand 9 UTTARAKHAND For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP of Uttarakhand at current prices (in US$ billion) NSDP per capita of Uttarakhand at current prices (in US$) 30.0 3,000 CAGR 8.18% CAGR 9.40% 25.0 2,500 27 20.0 2,000 2,496 24.44 20 2,279 22.32 2,109 15.0 1,500 1,960 18.17 1,763 15.83 10.0 1,557 1,000 5.0 500 0.0 - 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 . At current prices, net state domestic product (NSDP) of . In 2016-17, the state’s per capita NSDP was about US$ 2,496. Uttarakhand was around US$ 27 billion in 2016-17. The per capita NSDP increased at a CAGR of 8.18 per cent . NSDP of the state witnessed growth at a CAGR of 9.40 per between 2011-12 and 2017-18. cent between 2011-12 and 2016-17. Source: Directorate of Economics and Statistics of Uttarakhand 10 UTTARAKHAND For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – PERCENTAGE DISTRIBUTION OF GSVA . During 2016-17, the tertiary sector’s share in gross state value GSVA composition by sector added was 38.41 per cent.
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