Industrial Parks Rating System 3.0

Introduction

Industrial Parks Rating System 3.0: The Union Ministry of Commerce and Industry recently launched the Industrial Parks Rating System (IPRS) 3.0 to enhance competitiveness among industrial clusters in India. This initiative introduces new parameters to evaluate industrial parks and ensures better planning for investors and policymakers.

About IPRS 3.0

Under IPRS 3.0, industrial parks are categorized into Leaders, Challengers, and Aspirers. The ranking is based on performance across multiple indicators such as connectivity, infrastructure quality, and ecosystem linkages. This system aims to provide transparent information to industries while encouraging parks to adopt global standards.

Static GK fact: The first version of IPRS was launched in 2018 by DPIIT.

Development and Support

The program has been developed by the Department for Promotion of Industry and Internal Trade (DPIIT) with technical support from the Asian Development Bank (ADB). By including international expertise, India aligns its industrial infrastructure with global benchmarks.

Static GK fact: The Asian Development Bank was established in 1966 with headquarters in Manila, Philippines.

New Parameters in IPRS 3.0

The new version includes crucial elements like sustainability, green infrastructure, logistics connectivity, digitalization, and skill linkages. Talent feedback mechanisms are also introduced to evaluate workforce satisfaction and productivity.

Static GK Tip: India has more than 4000 industrial parks and estates spread across states.

Benefits of IPRS 3.0

This framework will help investors identify high-performing parks, guide policymakers in targeted interventions, and encourage competition among states to improve industrial ecosystems. Enhanced focus on green and digital infrastructure also supports India’s vision of becoming a global manufacturing hub.

Static GK fact: India’s share in global manufacturing stood at around 3% in 2023, with targets to reach 5% by 2030.

Categories of Industrial Parks

• Leaders: Parks with high-quality infrastructure, sustainability, and global competitiveness.
• Challengers: Parks with strong potential but requiring improvements in certain areas.
• Aspirers: Parks in early stages, focusing on gradual growth and development.

Static GK Tip: Tamil Nadu, Maharashtra, and Gujarat are leading states in industrial infrastructure development.

Way Forward

With the integration of advanced evaluation parameters, IPRS 3.0 will play a key role in improving India’s industrial readiness. The emphasis on sustainability and talent development ensures that India’s industrial growth aligns with long-term economic and environmental goals.

Static Usthadian Current Affairs Table

Industrial Parks Rating System 3.0: