Industries In Uttarakhand

Uttarakhand Industry

State Uttarakhand is a land of scenic beauty, temples, lakes, mountains, glaciers and green lush meadows. Therefore the main industry of this state is tourism industry, but the tourism industry of Uttarakhand is legging behind in the lack of good infrastructure and facilities. The govt. has also not given proper attention to this sector. We hope the state Govt. will take appropriate action to boost this sector and one day Uttarakhand will become a major tourist destination in all over India.

In recent years, Uttarakhand has emerged as one of the most attractive industrial destinations in India. The government is encouraging private participation in all industrial activities. The New Industrial Policy announced in 2003 by the state government puts in place the regulatory framework for Uttarakhand’s industrialisation. The New Industrial Policy indicates that private resources may be tapped while promoting integrated Industrial Estates in Uttarakhand.

State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd:

SIIDCUL, a Government of Uttarakhand Enterprise, was incorporated as a Limited Company in the year 2002 with an authorised share capital of Rs. 50 Crores and Rs. 20 Crores paid up capital through Government of Uttarakhand in order to promote Industrial development in the State, provide financial assistance in the shape of debt, equity, venture capital, develop infrastructure and assist private initiative in Industry and Infrastructure and implement, manage projects and provide specialized financial, consultancy and construction and all such other activities to promote industries and develop Industrial Infrastructure in the State of Uttarakhand directly or through Special Purpose Vehicles, Joint Ventures, assisted companies etc.