Industrial Development of Uttarakhand

Industrial development of uttarakhand

Uttarakhand is one of the fastest growing states in India, thanks to the massive Growth in capital investments arising from conducive Industrial Policy and generous tax benefits. The state is situated in the foothills of Himalayas. The presence of several hill stations, wildlife parks, pilgrimage places and trekking routes make Uttarakhand an attractive tourist destination. Uttarakhand is a well-renowned religious and wildlife tourism destination. About 21 new places in Uttarakhand that have the potential to become major tourist destinations. These places include Jageshwar, Baijnath, Saat Taal, Bhimtal, Patal Bhuvaneshwar, Chakori, Someshwar, Pithoragarh, Chakrata, Roopkund, Hanaul, Anson Barrage, Harshil, Dhanaulti and Dayara meadow. Jauljiwi in Kumaon and Tons in Garhwal division are planned to be developed as adventure tourism destinations.

Uttarakhand is being developed as an ‘energy state’ to tap the hydropower electric potential of over 25,000 MW. As of February 2020, the state had total installed power generation capacity of 3,549.68 MW. Hydro (renewable) power contributed 1,876.89 MW to the total installed power generation capacity of the state, followed by thermal power with a contribution of 980.83 MW and 660.21 MW from renewable sources. Of the total installed power generation capacity, state utilities accounted for the largest share of 1,320.02 MW, followed by 1,291.05 MW under private utilities and 938.61 MW under central utilities.

Some of the major initiatives taken by the government to promote Uttarakhand as an Investment destination are:

With Uttarakhand emerging as a hot tourist and industrial destination, the State Government is focusing on upgrading the Jolly Grant airport as an international airport, in coordination with Airports Authority of India.
In 2019-20, the work of 120 MW Byasi Hydro Power project is expected to be completed.
Since Investors Summit of October 2018, the state received Rs 17,246 crore investment and generated around 45,000 jobs in various sectors.
In July 2019, Bharat Heavy Electricals Limited and Container Corporation of India (CONCOR) entered in agreement to set up a rail-based Logistics terminal at Haridwar.
In 2019, the merger of the Uttarakhand Special Area Development Authority (SADA) with the Mussoorie Dehradun Development Authority (MDDA) was approved.
Uttarakhand government to introduce mobile caravans or motor homes equipped with all facilities available in a house to attract tourist.
Under Pradhan Mantri Gram Sadak Yojana (PMGSY), 32 habitations have been provided connectivity by completing the construction work on 598 km long roads, spending Rs 720 crore (US$ 103.02 million) in 2018-19 and Rs 900 crore (US$ 128.77 million) have been allocated for 2019-20.
The state government has started a service called e-Aushadhi Yojna in order to maintain continuous supply and availability of medicines and tele-radiology service has been started by the Government to accelerate the tests and diagnosis facilities of patients in 35 major hospitals of the state.
In April 2018, the second mega food park was at Mahuakhera Ganj village, Kashipur in Udham Singh Nagar district. M/s Himalayan Mega Food Park Private Ltd has been set up at Rs 99.96 crore (US$ 15.51 million) and will benefit 25,000 farmers and neighbouring districts.
Uttarakhand Policy for Skill development & Entrepreneurship was launched in 2018, which aims to increase the employability of workers, competitiveness of enterprise, and inclusiveness of growth.

Overview of industrial parks

IIE Pantnagar

SIDCUL created IIE Pantnagar from land the state government had purchased from the G.B. Pant University of agriculture and Technology and is currently selling land there afer building a supporting Infrastructure-2/”>INFRASTRUCTURE. With an estimated total investment of 35,730,000,000 rupees and expected EMPLOYMENT of 38,000 people, the scale of development is unprecedented in the state. e nearest city is the district capital, Rudrapur, in the Udham Singh Nagar district. By May 2007, 393 companies had obtained industrial sites there. Of those, 92 companies have started commercial production. ere is also the ELDECO-SIDCUL industrial park located in Sitarganj, approximately 30 km east of Rudrapur in the same district. In addition, bio-IT parks are being built nearby in cooperation with the G.B. Pant University. In this way, the same district within the state of Uttarakhand is being given an extremely elevated position in industrial development.

IIE Haridwar

IIE Haridwar was developed as an industrial park after SIDCUL obtained land owned by the government-run heavy electrical manufacturer Bharat Heavy Electrical Ltd (BHEL). It is located in the city of Haridwar. It is composed of 12 sectors, and as with IIE Pantnagar, the intention was to devote each sector to a certain Industry. For example, Sector 1 was for cosmetics, Sector 5 for food products, and Sector 6 for pharmaceutical products. However, other industries have actually setup their factories in these sectors. the largest corporation in the park is Hero MotoCorp Ltd.

The same company occupies an area of 116 acres on the eastern side of Sector 10, and the western side is being developed as a supplier park, with seven companies located within. Because Hero MotoCorp Ltd.’s advance into the park came into development later, other suppliers could not secure the land within this industrial park. For this reason, a real-estate development company was established within the Hero Group, the development of industrial parks neighboring IIE Haridwar (Industrial Park-2 and Industrial Park-4) was allowed, and suppliers were invited into this area. Although industrial land provisioning is similarly saturated within IIE Pantnagar, the ELDECO-SIDCUL industrial park located approximately 15 km away is satisfying demand for new industrial land. In comparison, industrial land offered by the state is unable to meet demands in Haridwar, and private industrial parks are playing a certain role as bases for industry.,

Uttarakhand is a state in India that is located in the Himalayas. The state has a Population of over 10 million people and is known for its natural beauty. Uttarakhand has a long history of industrial development, dating back to the 19th century. The state’s first industrial policy was introduced in 1994, and it has been revised several times since then. The current industrial policy was introduced in 2013, and it aims to promote industrial development in the state.

The industrial infrastructure in Uttarakhand is well-developed, with a number of industrial estates and parks located throughout the state. The state also has a number of universities and technical institutes that provide training for the industrial workforce. The government of Uttarakhand offers a number of incentives to industries that set up shop in the state. These incentives include tax breaks, subsidies, and land grants.

The list of industries in Uttarakhand is long and varied. Some of the major industries in the state include:

Textile manufacturing: Uttarakhand is a major producer of textiles, including Cotton, wool, and silk.
Engineering: Uttarakhand is home to a number of engineering companies that manufacture a variety of products, including machinery, tools, and equipment.
Chemicals: Uttarakhand is a major producer of chemicals, including Fertilizers, pesticides, and pharmaceuticals.
Mining: Uttarakhand is a major producer of Minerals, including coal, iron Ore, and bauxite.
Tourism: Uttarakhand is a popular tourist destination, and the tourism industry is a major contributor to the state’s economy.

There are a number of investment opportunities in Uttarakhand. The state has a number of advantages that make it an attractive investment destination, including:

Abundant natural Resources: Uttarakhand is rich in Natural Resources, including minerals, forests, and water.
A skilled workforce: Uttarakhand has a large and skilled workforce.
A favorable investment Climate: The government of Uttarakhand offers a number of incentives to investors, including tax breaks, subsidies, and land grants.
A strategic location: Uttarakhand is located in a strategic location, with easy access to markets in India and other countries.

There are a number of challenges that face industrial development in Uttarakhand. Some of the major challenges include:

Poor infrastructure: The infrastructure in Uttarakhand is not as developed as in some other parts of India. This can make it difficult for businesses to operate in the state.
High cost of living: The cost of living in Uttarakhand is relatively high. This can make it difficult for businesses to attract and retain employees.
Lack of skilled workforce: The skilled workforce in Uttarakhand is limited. This can make it difficult for businesses to find the employees they need.
Political instability: Uttarakhand has been plagued by political instability in recent years. This can make it difficult for businesses to plan for the future.

Despite the challenges, there are a number of reasons to be optimistic about the future of industrial development in Uttarakhand. The state has a number of advantages that make it an attractive investment destination, and the government is committed to promoting industrial development. With the right policies and investments, Uttarakhand has the potential to become a major industrial hub in India.

The way forward for industrial development in Uttarakhand is to address the challenges that the state faces. The government needs to invest in infrastructure, improve the Education system, and create a more business-friendly Environment. The private sector also needs to play a role in developing the state’s Industrial Sector. With the right policies and investments, Uttarakhand has the potential to become a major industrial hub in India.

Here are some frequently asked questions and short answers about industrial development:

What is industrial development?
Industrial development is the process of increasing the number and size of factories and other industrial enterprises in a country or region. It can be achieved through a variety of means, such as government investment in infrastructure, tax breaks for businesses, and the provision of training and education for workers.
What are the benefits of industrial development?
Industrial development can lead to a number of benefits, including:
Increased economic growth: As more factories are built and more goods are produced, the economy will grow. This can lead to higher wages, more jobs, and a better standard of living for everyone.
Increased innovation: Industrial development can lead to the development of new technologies and products. This can help to improve the Quality Of Life for everyone and make the economy more competitive.
Increased employment: As more factories are built and more goods are produced, more jobs will be created. This can help to reduce Unemployment and POVERTY.
What are the challenges of industrial development?
Industrial development can also lead to a number of challenges, including:
Environmental pollution: Factories can produce a lot of pollution, which can damage the environment. This can lead to Health problems for people living near factories and can damage the natural resources that we rely on.
Social problems: Industrial development can lead to social problems, such as crime and poverty. This is because people who are displaced from their homes by factories may not be able to find new jobs or housing.
Economic inequality: Industrial development can lead to economic inequality, as the benefits of development are often concentrated in the hands of a few people. This can lead to social unrest and political instability.
How can we address the challenges of industrial development?
There are a number of ways to address the challenges of industrial development, including:
Investing in environmental protection: Governments can invest in environmental protection measures, such as pollution control technologies, to reduce the environmental impact of factories.
Investing in social development: Governments can invest in social development measures, such as education and healthcare, to help people who are displaced by factories.
Promoting economic Equality: Governments can promote economic equality by providing tax breaks and other incentives to small businesses and by investing in education and training for workers.
What is the future of industrial development?
The future of industrial development is uncertain. Some experts believe that the trend towards Globalization/”>Globalization-3/”>Globalization will lead to a decline in manufacturing in developed countries, as factories are moved to countries with lower labor costs. Others believe that new technologies, such as automation, will lead to a resurgence of manufacturing in developed countries. The future of industrial development will depend on a number of factors, including the cost of labor, the availability of natural resources, and the development of new technologies.

Here are some MCQs without mentioning the topic Industrial Development of Uttarakhand:

Which of the following is not a type of industry?
(A) Primary industry
(B) Secondary industry
(C) Tertiary industry
(D) Quaternary industry
Which of the following is not a factor of production?
(A) Land
(B) Labor
(C) Capital
(D) Entrepreneurship
Which of the following is not a characteristic of a developed country?
(A) High per capita income
(B) High level of industrialization
(C) High level of Urbanization
(D) Low level of poverty
Which of the following is not a characteristic of a developing country?
(A) Low per capita income
(B) Low level of industrialization
(C) Low level of urbanization
(D) High level of poverty
Which of the following is not a goal of Economic Development?
(A) To increase per capita income
(B) To reduce poverty
(C) To improve the standard of living
(D) To increase the level of industrialization
Which of the following is not a strategy for economic development?
(A) Import substitution
(B) Export Promotion
(C) Import Liberalization-2/”>Liberalization
(D) Privatization
Which of the following is not a type of economic growth?
(A) Extensive growth
(B) Intensive growth
(C) Sustainable growth
(D) Unsustainable growth
Which of the following is not a factor that can hinder economic development?
(A) Political instability
(B) Corruption
(C) Lack of infrastructure
(D) High level of education
Which of the following is not a benefit of economic development?
(A) Increased per capita income
(B) Reduced poverty
(C) Improved standard of living
(D) Increased environmental pollution
Which of the following is not a cost of economic development?
(A) Increased inequality
(B) Environmental pollution
(C) Loss of traditional culture
(D) Increased crime rate