What is (HPSIDC), Himachal Pradesh Industrial Development Corporation?
HPSIDC full form is Himachal Pradesh State Industrial Development Corporation. It is a Nodal agency of the Himachal Pradesh govt. to enhance and develop industrial infrastructure in Himachal Pradesh. It is a major agency in the State to promote the setting up of small, medium, and large-scale industrial units. The Corporation also acts as a State-level financial institution. It’s headquartered in Shimla, the capital city of Himachal Pradesh, with several production units located in Lahaul and Spiti districts of Himachal Pradesh, India. HPSIDC was established in 1966 as an Industrial Development Corporation by the Government of Himachal Pradesh under the Himachal Pradesh Industrial Development Corporation Act to spearhead industrial development in the state.
HIMACHAL PRADESH STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. (HPSIDC) Overview
HIMACHAL PRADESH STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. (HPSIDC) has emerged as an important player in the state’s industrial development landscape. The company was formed in 1966 with the aim of promoting industrialization and modernization of the state’s economy. HPSIDC currently operates in five sectors namely textiles, pharmaceuticals, food processing, aluminum products, and engineering products. The company has also embarked on several projects such as setting up a new industrial township in Dharamsala and establishing a power plant in Kangra.
The Hpsidc Functionality
HIMACHAL PRADESH STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. (HPSIDC) is a public sector undertaking under the administrative control of the Himachal Pradesh Government with an area of operation that includes various industries across the state. HPSIDC is headquartered in Shimla and has a workforce of over 1,000 employees. The company operates seven industrial units located in Mandi, Chamba, Hamirpur, Kangra, Solan, Dharamsala and Kullu. These units are engaged in the production of engineering goods, textiles, handicrafts, food processing and pharmaceuticals.
The HPSIDC History
HIMACHAL PRADESH STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. (HPSIDC) is a government-owned industrial development corporation headquartered in Shimla, Himachal Pradesh, India. The company was established in 1966 and has since then been engaged in the promotion of industrial development and investment in the state of Himachal Pradesh.
The HPSIDC major focus areas are textiles, tourism, food industry, medical devices, and pharmaceuticals. The company has also ventured into other sectors such as coal mining, food processing, and automobile manufacturing. In addition to its core businesses, HPSIDC is also involved in developmental projects such as the construction of industrial area, factories, hospitals.
Since its establishment, HPSIDC has successfully promoted industrial growth in the state of Himachal Pradesh by investing in various enterprises. The company has also helped create thousands of jobs for residents of the state.
Industries in Himachal Pradesh
HIMACHAL PRADESH STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. (HPSIDC) is an agency of the Government of Himachal Pradesh entrusted with the responsibility of spearheading industrial development in the state. The Corporation has the mandate to promote business activity in sectors like food processing, leather and garments, Power generation, pharma, engineering and construction, tourism, etc.
The corporation has been successful in attracting large-scale investment. Some of the major projects undertaken by HPSIDC include a glass manufacturing plant at Kullu; hotel development at Dharamsala; a textile park at Mandi; a dairy farm at Kinnaur; power generation project at Solan; mineral exploration projects including a coal mine venture near Rupar and iron ore mine project near Hamirpur.
Industrial Areas in Himachal Pradesh Developed by HPSIDC
HPSIDC is established with the mandate of spearheading industrial development in Himachal Pradesh. Himachal Pradesh Government has developed 41 industrial areas and 15 industrial estates so far in Himachal Pradesh and planning to develop new industrial areas in Himachal.
Here is list of Industrial Area in Himachal Pradesh
Gagret, Parwano, Barotiwala, Baddi, Paonta Sahib, Mehatpur, Shamshi, Nagrotu Bagwan, Bilaspur, Reckong Peo and Sansar Pur Tera, Manjhouli in Nalagarh, Malku Majra in Baddi, Khadeen in Kasauli, Thathal in Amb. are some of the industrial areas of the state at present. As the dust free climate of Himachal is extremely suitable for the setting up of electronic industries, many electronic complexes have been established at Solan, Mandi, Hamirpur, Shogi, Raga-Ka-Bagh, Chamba, Ambi, Taliwala and Keylong. New industrial areas are: Pandoh in Mandi Sadar, Kandrori in Indora in Kangra district, Jeetpur Bheri in Gharari in Una district.
