Industrial Park Rating System (IPRS) 3.0
The Union Minister of Commerce and Industry, Shri Piyush Goyal, launched the Industrial Park Rating System (IPRS) 3.0 in New Delhi. This event marked milestone during the decade-long celebrations of the Make in India initiative. Developed by the Department for Promotion of Industry and Internal Trade (DPIIT) with support from the Asian Development Bank (ADB), IPRS 3.0 aims to enhance India’s industrial infrastructure and competitiveness. The system will benchmark industrial parks across the country, promoting best practices and attracting investments.
Background and Development of IPRS
The Industrial Park Rating System was first piloted in 2018 to assess industrial infrastructure quality. It was upgraded to IPRS 2.0 in 2021 with improved parameters. The latest version, IPRS 3.0, introduces new criteria such as sustainability, green infrastructure, logistics connectivity, digitalisation, skill linkages, and tenant feedback. This evolution reflects India’s growing focus on sustainable and smart industrial development.
Objectives of IPRS 3.0
IPRS 3.0 aims to provide transparent, reliable data on industrial parks. It helps investors make informed decisions by categorising parks as Leaders, Challengers, or Aspirers. This classification encourages healthy competition among States and Union Territories. Policymakers can use the data to design targeted interventions and improve industrial ecosystems.
Role in Make in India Programme
The Make in India campaign seeks to boost manufacturing and attract foreign investment. IPRS 3.0 supports this vision by improving industrial infrastructure quality. It aligns with government plans to develop 20 plug-and-play industrial parks and smart cities under the National Industrial Corridor Development Corporation (NICDC). Four parks are completed, four are under construction, and others are in tendering stages.
Key Features of IPRS 3.0
The third edition expands the rating framework with new parameters: – Sustainability and green infrastructure to promote eco-friendly practices. – Enhanced logistics connectivity for better supply chain efficiency. – Digitalisation for smart management and operations. – Skill linkages to connect industries with local talent. – Tenant feedback to improve park services and facilities. These features aim to create world-class industrial environments.
Benefits for States and Union Territories
States and UTs can showcase their best-performing parks to attract investments. The system helps identify gaps and areas for improvement. This leads to employment generation and stronger industrial ecosystems. The transparent rating system also builds investor confidence and promotes inclusive growth.
Impact on India’s Global Competitiveness
By benchmarking infrastructure and performance, IPRS 3.0 positions India as a competitive destination for global investors. It supports sustainable industrial growth and innovation. The initiative is expected to enhance India’s standing in the global manufacturing and investment landscape.
| Related | |
|---|---|
