The creation of Uttarakhand has helped the state and its people recognize the potential this region bears in several sectors. In order to boost the economy of the region, one of the first initiatives of the Government of Uttarakhand was to set up the State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd popularly known as SIDCUL. This Government body was formed in order to promote Industrial development in the State, provide financial assistance in the shape of debt, equity, venture capital, to develop infrastructure and to assist private initiative in setting up industries and infrastructure and to provide specialized financial consultancy in order to promote industries and develop Industrial Infrastructure in the State of Uttarakhand either directly or through Special Purpose Vehicles, and Joint Ventures. SIDCUL is instrumental in creating several Industrial areas such as the Integrated Industrial Estate at BHEL, Haridwar, Integrated Industrial Estate at Pantnagar, IT Park, Dehradun, Pharma City - Selaqui, Dehradun, and the Integrated Industrial Estate at Sitarganj
The Government also introduced several policies including a landmark Industrial policy granting exemptions and incentives and outlining priority sectors best suited for the geography and climate of the region. These Government policies are aimed at showcasing opportunities in various sectors in Uttarakhand and the edge that the state has vis a vis proximity to Delhi and the National Capital Region.
Uttarakhand is now proving to be a big destination for investment, business and growth. Fiscal packages offered by the Government in Tourism, Entertainment along with the New Industrial Policy, subsidies and grants offer a great climate for investment. As an emerging state, Uttarakhand promises bright returns. Due to its proximity to Delhi and NCR, a higher and better quality of life, relatively crime free environment and natural beauty, Uttarakhand will soon emerge to be India’s premiere investment destination and Dehradun will become one of the leading centers of economic growth.