Shimlaशिमला   No. 388/2024-PUB24th June 2024

Exim bank gives presentation to CM on possible export strategy in Himachal

Exim bank gives presentation to CM on possible export strategy in Himachal


The Exim Bank (Export-Import Bank of India) gave a detailed presentation to the Chief Minister on possible export strategy of Himachal Pradesh, here today.

Speaking on the occasion, the Chief Minister Thakur Sukhvinder Singh Sukhu said that Himachal Pradesh has become a manufacturing hub for sectors including pharmaceuticals, textiles, light engineering goods, health, power, telecom and information technology. The state exports have increased from Rs. 9,822.08 crore in 2019-20 to Rs. 17,543.49  crore in 2022-23 marking a rise of 62 percent with pharmaceuticals and textiles as the key sectors accounting for Rs. 80 percent of total exports.

He said several efforts has been made in making investor friendly in the state and has been given various awards by the government of India. In the export preparedness, the state ranks 15th overall and second among Himalayan states.

The Chief Minister said a medical device park is being developed in Nalagarh of Solan district and a bulk drug park is coming up in Una district. He said incentives would be provided by the state government to the entrepreneurs for setting up industrial units in Baddi-Barotiwala-Nalagarh industrial hub.

He thanked the Exim Bank team for its valuable suggestions to increase export and bridge the related gaps.

Managing Director, Exim Bank, Harsha Bangani during her presentation assured the state government to finance various sectors.

  Agriculture Minister Chander Kumar, PWD Minister Vikramaditya Singh, Town and Country Planning Minister Rajesh Dharmani and Ayush Minister Yadvinder Goma, Chief Secretary Prabodh Saxena, Secretary to the Chief Minister Rakesh Kanwar and other senior officers were also present on this occasion.


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