Industrial policy of Himachal Pradesh

Industrial Policy of himachal pradesh

In order to turn the educated youth from job seekers to job creator and in order to give support to the ‘Startup’ and ‘innovative projects’ in the state and to provide skills to the youth and potential investors to develop Entrepreneurship “Chief Minister’s Startup/Innovation Projects/New Industries Scheme” has been formulated. The scheme envisages various incentives for startups so as to enable the entrepreneur’s success in their ventures. The scheme also makes provision of creation of incubation Centers in the host institutions in the State in order to build capacities, develop networking, establish necessary Infrastructure-2/”>INFRASTRUCTURE and generate awareness. The basic objective of this scheme is creation of self-EMPLOYMENT and employment generation, upgrading the skills of entrepreneurs and to provide them support to set up their units under professional guidance, promotion of innovation in focus areas, setting up of incubation centers, creating working space for startups and innovative projects, providing incentives, etc. This Scheme also aims at helping and hand-holding entrepreneurs to select viable projects in the potential areas in manufacturing and service sectors and train them to set up startups and subsequently manage and run their enterprises professionally.

Aims and Objectives

Self-employment/ employment generation and income generation.
To promote new ideas/ products and processes suitable for commercialization through startups.
Set up Incubators/Incubation Centers in the state.
Handhold new enterprises and entrepreneurs.
Help entrepreneurs gain knowledge, expertise and avail assistance as provided under various schemes being implemented by State/Central Govt./Other institutions.
Facilitate and promote innovation vii. Facilitate startups and Innovation Projects
To facilitate creation of incubation space
Facilitate adequate Investment to startups
Facilitate Venture Capital funding xi. Promote Human Capital
To promote Industrial development in the State.

Key focus area of the Scheme will be as follows:-

Technology driven Innovation in any sector
Rural infrastructure and facilities, crafts, arts, water and sanitation, RENEWABLE ENERGY, healthcare, etc.
Clean tech
agriculture, Horticulture-2/”>Horticulture and the related areas
Food Processing
Retail
Tourism and Hospitality
Mobile, IT and ITes including hardware
Biotechnology

Human Capital

In order to promote innovation at the school, college and university level it is envisaged as under:

The student/student teams, who apply to the incubator for incubation support and if duly accepted by the concerned educational institutions, shall be given 5% grace marks and 20% attendance every semester.
Final year projects of college students as part of degree completion have to be New and Innovative Projects. Incubators would create an online portal with details of all such projects so that students can post their projects online to avoid duplication.
College and School Level Entrepreneurship Development Clubs will be established through incubators to foster innovation and entrepreneurial spirit at school and college level.
The Universities will be advised to give credits to the students successfully completing notified online courses, Massive Open Online Courses (MOOCs) and their insertion as electives. The University in Conjunction with Incubators operating in the state shall decide the number of credits and evaluation methodology for such courses. Students should be free to learn electives from first year of college as part of degree completion even though electives are available only from third or fourth year.
All educational institutions offering under-graduate courses may implement a mandatory scheme of internship/apprenticeship in the last year of the course in association with the Industry. This may be waived off for students who are setting up their own startups in incubators.

Handholding and Support

The Scheme envisages practical exposure, orientation training, entrepreneurial guidance and handholding, etc. to potential entrepreneurs. The State Government shall provide financial support to HIs institutions so that they are able to provide requisite handholding and support to the new entrepreneurs/startups.

Startup/New Industries Support Center

The HP Centre for Entrepreneurship Development (HPCED) would act as a support center for the startups in the State. In addition, it will document and propagate the success stories and also associate successful entrepreneurs in potential sectors. The Centre would also rope in/enlist pool of institutions such as IITs, IIMs, Technology Centre and other institutes dealing with industrial development, etc. to train, orient, and handhold the new entrepreneurs. The Center would work out costs for such activities in consultation with the concerned institutions and seek approval thereof from the Empowered Committee (EC).The HPCED would also draw a list of officers of the Industries Departments comprising of Joint/Deputy Directors, General Managers, Managers, Industrial Promotion Officer, EOs, etc. who will act as Facilitators/Counselors. HPCED may also hire professional Counselors with qualification such as MBA, CAs or Law graduates or those holding B. Tech degree in Engineering through Outsourcing basis with the approval of Empowered Committee. Their role will be to interact with the entrepreneurs, handhold them, identify their capacity building needs and liaise with institutions which can cater to their capacity building needs and thereafter work with the concerned institution to prepare training modules for their occupational/entrepreneurial/managerial skills, as the case may be, by the concerned institution.

Support to Innovation Projects

The incentives under this scheme to the Innovation Projects will be as under:

25,000/- per month will be provided to the innovation projects as sustenance allowance for one year whose project is recommended by the Host Institution and approved by the Empowered Committee.
Incubation center will provide support to the startups and innovation projects by providing mentoring Services, access to their labs, facilities, etc. on a free-of-cost (FOC) basis.

The Industrial Policy of Himachal Pradesh is a set of guidelines and regulations that govern the establishment and operation of industries in the state. The policy aims to promote industrial development in the state by providing a conducive Environment for businesses to operate. The policy also aims to create employment opportunities and improve the standard of living of the people of Himachal Pradesh.

The objectives of the Industrial Policy of Himachal Pradesh are to:

Promote industrial development in the state
Create employment opportunities
Improve the standard of living of the people of Himachal Pradesh
Attract investment from domestic and foreign investors
Promote the development of high-tech industries
Promote the development of small and medium enterprises
Promote the development of export-oriented industries
Promote the development of environmentally friendly industries

The approach of the Industrial Policy of Himachal Pradesh is to provide a conducive environment for businesses to operate. The policy aims to do this by providing a number of incentives and exemptions to businesses, as well as by developing the necessary infrastructure.

The incentives and exemptions that are available under the Industrial Policy of Himachal Pradesh include:

Exemption from sales tax on raw materials and Capital Goods
Exemption from electricity duty
Exemption from stamp duty on the transfer of land
Exemption from registration fees for new companies
Interest subsidy on loans from banks
Capital subsidy on plant and machinery

The infrastructure that is being developed under the Industrial Policy of Himachal Pradesh includes:

Industrial estates
Power Plants
Roads
Airports
Railways
Water supply and sewerage systems

The Human resource development that is being promoted under the Industrial Policy of Himachal Pradesh includes:

Training programs for workers
Scholarships for students
Establishment of technical colleges and universities

The research and development that is being promoted under the Industrial Policy of Himachal Pradesh includes:

Establishment of research centers
Funding for research projects
Tax breaks for companies that invest in research and development

The environmental protection that is being promoted under the Industrial Policy of Himachal Pradesh includes:

Emission standards for industries
Waste Management regulations
Forest conservation measures

The social responsibility that is being promoted under the Industrial Policy of Himachal Pradesh includes:

Corporate social responsibility programs
Employee welfare schemes
Donations to charitable organizations

The monitoring and evaluation of the Industrial Policy of Himachal Pradesh is being carried out by the Department of Industries and Commerce. The department is responsible for collecting data on the performance of the policy and for making recommendations for its improvement.

The Industrial Policy of Himachal Pradesh has been successful in promoting industrial development in the state. The number of industries in the state has increased significantly since the policy was implemented. The policy has also created a large number of employment opportunities. The standard of living of the people of Himachal Pradesh has also improved as a result of the policy.

However, there are some challenges that the Industrial Policy of Himachal Pradesh faces. One challenge is the lack of skilled manpower in the state. Another challenge is the lack of infrastructure in some parts of the state. The government is working to address these challenges.

Overall, the Industrial Policy of Himachal Pradesh has been a success. The policy has promoted industrial development in the state, created employment opportunities, and improved the standard of living of the people of Himachal Pradesh. The government is working to address the challenges that the policy faces.

Here are some frequently asked questions and short answers about the Industrial policy of Himachal Pradesh:

What is the Industrial Policy of Himachal Pradesh?

The Industrial Policy of Himachal Pradesh is a set of guidelines and incentives that the government of Himachal Pradesh offers to businesses that want to set up shop in the state. The policy aims to promote industrial development in the state and create jobs.

What are the benefits of setting up a business in Himachal Pradesh?

There are many benefits to setting up a business in Himachal Pradesh. The state offers a number of incentives, including tax breaks, land subsidies, and access to government support services. The cost of living in Himachal Pradesh is also relatively low, which can help businesses to save Money.

What are the challenges of setting up a business in Himachal Pradesh?

There are a few challenges that businesses may face when setting up shop in Himachal Pradesh. The state has a relatively small Population, which can make it difficult to find a large enough customer base. The infrastructure in Himachal Pradesh is also not as developed as in some other parts of India, which can make it difficult to get goods and services to market.

What are some of the key industries in Himachal Pradesh?

The key industries in Himachal Pradesh are tourism, agriculture, and manufacturing. Tourism is a major Source Of Income for the state, and the government is working to promote the state as a destination for eco-tourism and adventure tourism. Agriculture is another important industry in Himachal Pradesh, and the state is known for its production of apples, potatoes, and other fruits and vegetables. Manufacturing is also a growing industry in Himachal Pradesh, and the state is home to a number of factories that produce textiles, electronics, and other goods.

What are the future prospects for the Industrial Policy of Himachal Pradesh?

The future prospects for the Industrial Policy of Himachal Pradesh are positive. The state has a number of advantages that make it an attractive destination for businesses, including its natural beauty, its low cost of living, and its government support. The government is also working to improve the infrastructure in the state, which will make it easier for businesses to operate.

Which of the following is not a major industry in Himachal Pradesh?
(A) Tourism
(B) Agriculture
(C) Mining
(D) IT
The main agricultural products of Himachal Pradesh are:
(A) Rice, wheat, maize
(B) Apples, potatoes, peas
(C) Tea, coffee, cardamom
(D) All of the above
The main mineral Resources of Himachal Pradesh are:
(A) Iron Ore, copper, bauxite
(B) Limestone, dolomite, gypsum
(C) Granite, marble, slate
(D) All of the above
The main industrial areas of Himachal Pradesh are:
(A) Baddi-Barotiwala-Nalagarh
(B) Una-Hamirpur
(C) Kangra-Dharamsala
(D) All of the above
The main exports of Himachal Pradesh are:
(A) Apples, potatoes, peas
(B) Handicrafts, woolen garments
(C) Machinery, electronics
(D) All of the above
The main imports of Himachal Pradesh are:
(A) Petroleum products, coal
(B) Iron and steel, cement
(C) Machinery, electronics
(D) All of the above
The main sources of revenue for the government of Himachal Pradesh are:
(A) Taxes
(B) Loans
(C) Grants from the central government
(D) All of the above
The main expenditure of the government of Himachal Pradesh is on:
(A) Education
(B) Health
(C) Infrastructure
(D) All of the above
The main social indicators of Himachal Pradesh are:
(A) Literacy rate
(B) Life expectancy
(C) Infant mortality rate
(D) All of the above
The main challenges faced by Himachal Pradesh are:
(A) POVERTY
(B) Unemployment
(C) Lack of infrastructure
(D) All of the above