Exim Bank Presents Export Strategy to Himachal Pradesh CM Sukhvinder Singh Sukhu

The Export-Import Bank of India (Exim Bank) presented a comprehensive export strategy for Himachal Pradesh to Chief Minister Sukhvinder Singh Sukhu. The strategy highlighted the state’s development as a manufacturing hub in various sectors including pharmaceuticals, textiles, light engineering goods, health, power, telecom, and IT.

The Chief Minister noted a significant rise in exports from Rs. 9,822.08 crore in 2019-20 to Rs. 17,543.49 crore in 2022-23, marking a 62% increase. Pharmaceuticals and textiles alone accounted for 80% of the total exports of the state.

Efforts by the government to create an investor-friendly environment have earned Himachal Pradesh several awards from the Government of India. The state ranks 15th overall and second among Himalayan states in export preparedness.

During the meeting, Chief Minister Sukhu announced the development of a medical device park in Nalagarh, Solan district, and a bulk drug park in Una district. Incentives will be offered to entrepreneurs establishing industrial units in the Baddi-Barotiwala-Nalagarh industrial hub.

The Chief Minister expressed gratitude to the Exim Bank team for their valuable suggestions aimed at boosting exports and addressing gaps in the state. Harsha Bangani, Managing Director of Exim Bank, assured the state government of financial support for 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 Education Rakesh Kanwar, and other senior officials.