Businesses

The local economy is driven primarily by agriculture, tourism, and research. * **Tea Industry**: Known as the "Tea Capital of Northwest India," Palampur is famous for Kangra Tea. The Palampur Cooperative Tea Factory is a major hub for processing. * **Tourism & Hospitality**: A significant portion of the local economy relies on hotels, homestays, and tour operators catering to nature lovers and trekkers. * **Research & Science**: The **CSIR-Institute of Himalayan Bioresource Technology (IHBT)** is a major employer and research hub, fostering startups in floriculture, biotechnology, and essential oils. * **Retail**: The Palampur main bazaar and the Maranda market act as the commercial centers for everyday goods and regional produce.