| The state of Uttarakhand was formed on November | | | | decided to develop a biotechnology park, which will |
| 9, 2000, by carving out 14 hilly districts of northern | | | | integrate all the resources and furnish a focused |
| Uttar Pradesh. It is situated in the foothills of the | | | | institutional setup, thereby accelerating the |
| Himalayan mountain ranges and shares its boundaries | | | | commercial growth of bioinformatics and |
| with Nepal in the east and China (Tibet) in the north. | | | | biotechnology in India. |
| Uttarakhand is blessed with diverse geographical | | | | These are some factors that have made |
| features, including snow-capped mountain peaks in | | | | Uttarakhand a favorable destination for investors: |
| the north and tropical forests in the south. | | | | 1. It is the first state in India to have developed a |
| Uttarakhand also has diverse climatic conditions and all | | | | Tourism Development Board through legislation. |
| prominent climatic zones that make it conformable to | | | | 2. Uttarakhand is encouraging development of |
| various commercial opportunities in agriculture, | | | | industrial parks, industrial estates, and growth centers |
| floriculture, and horticulture. | | | | in the state. |
| Some prominent industries of Uttarakhand are: | | | | 3. There is an abundant base of highly skilled human |
| 1. Tourism Industry: | | | | resources at affordable rates. |
| Uttarakhand, also known as the Land of Gods, has | | | | 4. In Uttarakhand, there are many fiscal benefits |
| attracted tourists and pilgrims from across the globe. | | | | offered on investments. These benefits include |
| It also boasts of scenic hills, various holy shrines, and | | | | Concessional Industrial Package that is furnished by |
| large forest cover that contribute towards boosting | | | | the state and the central governments. |
| its tourism sector. The Uttarakhand government has | | | | 5. It has a considerable hydro-potential (15,000 MW). |
| an ambition of placing it on the global map as the | | | | Of this, only 1,124 MW have been realized so far. |
| topmost destination for environmentally "sustainable | | | | 6. A dedicated IT park is expected to be established |
| and socially responsible tourism". The tourism policy of | | | | in Dehradun, the capital city of Uttarakhand. |
| the government aims at developing tourism as a | | | | 7. Uttarakhand has successfully attracted key |
| prominent source of employment and revenue | | | | industrial players including Mahindra & Mahindra, Atlas |
| income generation. The tourism industry is considered | | | | Cycle Ltd., Asahi India Glass, Britannia Industries Ltd., |
| to be pivotal for social and economic development in | | | | and LG Electronics India Ltd. |
| the state. | | | | The state also has a vast pool of natural resources |
| 2. Biotechnology: | | | | that adds to its attractiveness as a hot destination |
| Biotechnology is one of the most emerging thrust | | | | for investors, especially for the forest and |
| areas at the global level and is expected to make | | | | tourism-based industries. The Uttarakhand |
| substantial contributions in environment management, | | | | government has set up the State Infrastructure & |
| agriculture, process industries, and human and animal | | | | Industrial Development Corporation of Uttaranchal |
| health care. Uttarakhand hosts diverse flora and | | | | Ltd. (SIDCUL) to conceive, concretize, and contrive |
| fauna culture and contains rare species of both | | | | Uttarakhand's industrial development. This corporation |
| animals and plants. This gives Uttarakhand a natural | | | | is a single window for the state's various programs |
| advantage in the biotechnology sector. The | | | | and schemes related to industry. |
| Uttarakhand government is establishing a high-level | | | | Uttarakhand, being a power-rich state, provides vast |
| biotechnology board to pursue initiatives in the | | | | investment opportunities in production, transmission, |
| research field. Furthermore, the government has also | | | | and distribution of power. |