What is in news : The 2nd edition of the Industrial Park Rating System (IPRS) Report was launched by the Ministry of Commerce & Industry

Details :

• 41 Industrial Parks have been assessed as “Leaders”
• 90 Industrial Parks have been rated as under Challenger
• 185 have been rated as under “Aspirers”.
• Ratings are assigned on the basis of key existing parameters and infrastructure facilities etc
• Rating exercise will be instrumental to contribute to India’s growth story and to chart out the path of progress for both the industry and the country
• Beneficial in improving ranks of Ease of doing business
• Report is an extension of the India Industrial Land Bank which features more than 4,400 industrial parks in a GIS-enabled database to help investors identify their preferred location for investment.
• The portal is currently integrated with industry-based GIS system of 21 States and UTs and plot-wise information in these are updated on a real-time basis
• Several initiatives have been undertaken by the Government, such as the One District One Product (ODOP) Initiative, Production-Linked Incentive (PLI) Schemes and the National Single Window System (NSWS), to promote industry and boost exports. Despite the COVID, India’s economic indicators have bounced back.
• The India Industrial Land Bank (IILB) provides details of more than 5.6 lakh hectares, roughly the size bigger than 30-40 countries, on the click of a button and prospective entrepreneurs can apply sitting from anywhere across the world.
• The GIS-enabled IILB acts as a one-stop source of information on Industrial Infrastructure. Significant scaling up in coverage of Industrial Parks on this Land Bank has played a key role in facilitating the IPRS.
• The IPRS pilot exercise was launched in 2018, with an objective of enhancing industrial infrastructure competitiveness and supporting policy development for enabling industrialization across the country as the Government pushes ahead a high-growth trajectory with an aim to scale the $5 trillion mark for the Indian economy by 2025.
• Based on the learnings from the pilot stage, the Government started the IPRS 2.0 in 2020. All the States of India and 51 SEZs, including 29 Private, have participated the IPRS 2.0 Report. 24 Private Sector Industrial Parks have also been nominated. Ratings have been undertaken for 449 out of 478 nominations received. The feedback survey involved responses from 5,700 tenants.