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Industrial Park Rating System 3.0 Launched by Piyush Goyal
What is it?
- Launch Date: On September 20, 2025, the system was introduced in New Delhi.
- Key Person: Union Minister Piyush Goyal led the launch.
- System Name: Called Industrial Park Rating System (IPRS) 3.0.
- Developed By: Created by DPIIT with help from the Asian Development Bank (ADB).
- Purpose: To assess and improve the quality of industrial parks in India.
- Special Occasion: Launched on the 10-year anniversary of the ‘Make in India’ campaign.
Why was it launched?
- Improving Industrial Infrastructure: The primary goal is to enhance the facilities and services provided by industrial parks, making them more attractive for businesses.
- Encouraging Healthy Competition: By evaluating and ranking parks, the system motivates states and union territories to improve their infrastructure and services.
- Supporting ‘Make in India’: The initiative aligns with the ‘Make in India’ campaign, aiming to boost manufacturing and attract investments.
Key Features of IPRS 3.0
- Expanded Evaluation Criteria: The new system includes additional factors such as sustainability, green infrastructure, logistics connectivity, digitalization, skill linkages, and tenant feedback.
- Categorization of Parks: Industrial parks will be classified into three categories: Leaders, Challengers, and Aspirers, based on their performance across various parameters.
- Data-Driven Approach: The system emphasizes the use of reliable data and feedback to assess the performance of industrial parks.
Benefits of IPRS 3.0
- Informed Decision-Making: Investors can use the ratings to make informed decisions about where to establish or expand their businesses.
- Identification of Improvement Areas: The system helps identify areas where industrial parks need improvement, guiding policymakers in making necessary interventions.
- Attracting Investments: High ratings can make industrial parks more attractive to investors, leading to increased investments and job creation.
Implementation and Future Plans
- Development of Plug-and-Play Parks: The government is working on developing 20 plug-and-play industrial parks and smart cities under the National Industrial Corridor Development Corporation (NICDC). Currently, four are completed, four are under construction, and others are in various stages of development.
- Continuous Monitoring: The performance of industrial parks will be regularly assessed to ensure continuous improvement and alignment with global standards.
Important Questions
- On which date was the Industrial Park Rating System 3.0 launched in New Delhi?
- Which Union Minister launched the Industrial Park Rating System 3.0 in India?
- Which department developed the Industrial Park Rating System 3.0 with support from the Asian Development Bank?
- What is the main purpose of the Industrial Park Rating System 3.0 in India?
- The launch of the Industrial Park Rating System 3.0 coincided with the anniversary of which campaign?
Conclusion
The launch of IPRS 3.0 marks a significant step towards enhancing the quality and competitiveness of India’s industrial parks. By providing a transparent and data-driven evaluation system, it aims to foster a more conducive environment for businesses, thereby contributing to the overall growth of the manufacturing sector in India.
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