Union Minister of Commerce and Industry, Shri Piyush Goyal, launched the Industrial Park Rating System (IPRS) 3.0 in New Delhi as part of the decade-long celebrations of the ‘Make in India’ initiative. Developed by the Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with the Asian Development Bank (ADB), the new version of IPRS aims to benchmark industrial parks and enhance India’s global competitiveness.
Highlighting the government’s commitment, Shri Goyal shared that 20 plug-and-play industrial parks and smart cities are being developed under NICDC—with four completed, four under construction, and others in the bidding and tendering stages. He emphasized that IPRS 3.0 will provide a transparent framework to evaluate industrial parks on infrastructure, facilities, and overall competitiveness.
The latest edition builds on earlier versions introduced in 2018 (pilot phase) and 2021 (IPRS 2.0), expanding its scope with new parameters such as:
- Sustainability and green infrastructure
- Logistics and connectivity
- Digitalization and skill linkages
- Enhanced tenant feedback
Under this system, industrial parks will be ranked as Leaders, Challengers, or Aspirers, based on their performance. This will not only guide investors with reliable information but also foster healthy competition among States and Union Territories.
For States and UTs, IPRS 3.0 provides an opportunity to:
- Showcase best-performing industrial parks
- Identify gaps for improvement
- Attract more investments and generate employment
- Build a sustainable and inclusive industrial ecosystem
The initiative is expected to accelerate the creation of world-class infrastructure, strengthen the ‘Make in India’ programme, and position India as a more attractive global investment destination.
Read more about IPRS 3.0: Industrial Park Rating System 3.0 Report
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