Industrial Park Rating System (IPRS) 3.0 Released

The Union Commerce and Industry Minister Shri Piyush Goyal at the 10th anniversary of the Make in India program introduced the Industrial Park Rating System (IPRS) 3.0 at New Delhi. This framework which was developed by the Department for Promotion of Industry and Internal Trade (DPIIT) with the assistance of Asian Development Bank (ADB) is meant to enhance the industrial competitiveness of India and also encourage foreign investments in India.

Evolution of IPRS

The rating system was initially used as a pilot in 2018 to determine the quality of industrial parks. In 2021, it was revised to IPRS 2.0 and had improved evaluation parameters. The most recent version is IPRS 3.0 which further introduces sustainability, green infrastructure, logistics efficiency, digitalisation, skill development and tenant feedback as recent benchmarks.

Objectives of IPRS 3.0

The system gives clear and reliable information on industrial parks regarding them as Leaders, Challengers, or Aspirers. This promotes good competition between States and Union Territories. It also provides investors with definite information, as well as assists policymakers with pinpointing the gaps and enhancing the local industrial ecosystems.

Role in Make in India

IPRS 3.0 contributes to the mission of Make in India where industrial infrastructure standards are to be improved. It is in line with the projects that are being developed by the National Industrial Corridor Development Corporation (NICDC) that is building 20 modern plug-and-play industrial parks and smart cities. Among these, four are already completed, four of them are being constructed and some are in the tendering process.

Key Features

• Green infrastructure focus on sustainability.
• Better logistics connectivity in favor of supply chain efficiency.
• Smartening up of parks through digitalisation.
• Skill fastening to align the local talent with industries.
• Feedback by tenants to improve park facilities and services.

Benefits for States and UTs

The framework enables States and Union Territories to present their top performing parks, draw in new investors and correct weaknesses. This results in creation of jobs, inclusive growth and robust regional economies.

Global Impact

IPRS 3.0 has made India a competitive manufacturing and sustainable hub by comparing infrastructure with international standards. It instills investor confidence, promotes innovation and enhances the role of India in global industrialization.