A new report highlights Himachal Pradesh’s vast forest-based bioeconomy potential, showing how artificial intelligence and sustainable resource management can drive economic growth and conservation.

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• A joint report by the Himachal Pradesh Forest Department and the Indian School of Business estimates the state’s forest bioeconomy potential at ₹22,600 crore.
• The study titled “Counting Green Wealth: Towards a Future-Ready People’s Forest Economy in Himachal Pradesh” highlights opportunities beyond traditionally recorded forest resources.
• The report emphasizes the use of artificial intelligence, satellite imaging and scientific data analysis to transform conservation efforts into sustainable economic development.
• Wild fruits and health-based forest products represent the largest opportunity, with an estimated market potential of approximately ₹11,340 crore across the state.
• Pine needle utilization for eco-coal production could create a ₹5,500 crore industry while simultaneously reducing wildfire risks in forest regions.
• Regulated Khair timber resources have been valued at nearly ₹5,000 crore, supporting sustainable forestry practices and long-term economic benefits.
• Bamboo-based industries including construction materials and biofuel production offer an estimated market opportunity of around ₹2,760 crore.
• The report promotes a people-centric forest economy model that combines local knowledge, advanced technology and climate resilience for sustainable growth.