Industrial Park Rating System (IPRS) 3.0 to further strengthen India’s industrial ecosystem and enhance competitiveness of industrial infrastructure

The Industrial Park Rating System (IPRS) 3.0 was launched last week in New Delhi by the Union Minister of Commerce and Industry, Mr Piyush Goyal. Developed by the Department for Promotion of Industry and Internal Trade (DPIIT) with support from the Asian Development Bank (ADB), the initiative aims to further strengthen India’s industrial ecosystem and enhance the competitiveness of industrial infrastructure.

Mr Goyal highlighted that the government is actively developing 20 plug-and-play industrial parks and smart cities under NICDC, with four already completed, four under active construction, and the remaining at various stages of bidding and tendering. He added that the launch of IPRS 3.0 will help assess and benchmark facilities, infrastructure and competitiveness of industrial parks across the country. The initiative will provide stakeholders with reliable data, encourage best practices and support the creation of world class infrastructure, thereby strengthening the Make in India programme and enhancing India’s global competitiveness.

Building on the pilot phase in 2018 and IPRS 2.0 in 2021, the third edition introduces an expanded framework with new parameters, including sustainability, green infrastructure, logistics connectivity, digitalisation, skill linkages and enhanced tenant feedback.

Under IPRS 3.0, industrial parks will be benchmarked and categorised as Leaders, Challengers and Aspirers based on their performance across key indicators. This will provide investors with transparent and credible information, foster healthy competition among States and Union Territories, and guide policymakers in designing targeted interventions.

For States and UTs, the initiative offers an opportunity to showcase best-performing parks, identify gaps for improvement, attract investments, generate employment and strengthen their industrial ecosystem. The exercise is expected to make India a more sustainable, inclusive and globally competitive investment destination, highlighted a release.

Industrial Park Rating System 3.0: https://drive.google.com/file/d/1vSi9r0grHjKnDhEc4buyF6nN9dG3gAQt/view?usp=drive_link

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