Socio-Economics of Herbal Processing Units in Himachal Pradesh

The study was designed to investigate the economics of herbal industrial units in Himachal Pradesh. Most of the herbal industries are organized as sole proprietorship followed by partnership, private, co-operative and private. Most of the entrepreneurs of herbal industrial units in H.P. were having experience between 21 to 30 years. As an entrepreneur of herbal industry having education in ayurvedic medicine system was high as compared to not having education in ayurvedic medicine system. Profitability analysis revealed that herbal processing industry is a profitable venture. Multiple regression analysis showed that explanatory variables positively affecting the gross return of herbal industry were found to be; expenses on packaging and qualification.