Boosting Himachal’s Export: Insights from Exim Bank Presentation

The Export-Import Bank of India (Exim Bank) recently delivered a comprehensive presentation to Chief Minister Thakur Sukhvinder Singh Sukhu, focusing on potential export strategies for Himachal Pradesh. During the presentation, Chief Minister Sukhu highlighted that the state has emerged as a manufacturing hub across various sectors, including pharmaceuticals, textiles, light engineering goods, health, power, telecom, and information technology. Notably, Himachal Pradesh’s exports surged from Rs. 9,822.08 crore in 2019-20 to Rs. 17,543.49 crore in 2022-23, representing a remarkable 62 percent growth. Pharmaceuticals and textiles played a pivotal role, accounting for 80 percent of total exports.

The state government has actively fostered an investor-friendly environment, earning accolades from the Indian government. Himachal Pradesh ranks 15th overall in export preparedness and holds the second position among Himalayan states.

Additionally, the Chief Minister shared plans for a medical device park in Nalagarh (Solan district) and a bulk drug park in Una district. The government aims to incentivize entrepreneurs to establish industrial units in the Baddi-Barotiwala-Nalagarh industrial hub.

Exim Bank’s Managing Director, Harsha Bangani, assured the state government of financial support across various sectors. The presentation was attended by Agriculture Minister Chander Kumar, PWD Minister Vikramaditya Singh, Town and Country Planning Minister Rajesh Dharmani, Ayush Minister Yadvinder Goma, Chief Secretary Prabodh Saxena, Secretary to the Chief Minister Rakesh Kanwar, and other senior officials.

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