The country has been aiming to set up state-of-the-art electronic manufacturing facilities and parks
The 2nd edition of the Industrial Park Rating System (IPRS) Report has been launched by the Minister of State for Commerce & Industry, Som Prakash. Speaking on the occasion, Parkash said the IPRS 2.0 Report will enhance India’s industrial competitiveness and attract investment.
“As India continues to strengthen its status as a leading investment destination by continuously improving its ‘Ease of Doing Business’ through the enactment of several policy measures especially during the COVID-19 pandemic to ensure continuity, I am sure this 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,” he said.
It is to be noted here that the country has been aiming to set up state-of-the-art electronic manufacturing facilities and parks. India has launched multiple PLI schemes promising incentives over thousands of crores related to electronics manufacturing.
The new 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.
“We expect to achieve PAN India integration by December 2021,” said the Minister.
With this system, the investors can even remotely refer to this report to identify the suitable investable land area, as per the various parameters of infrastructure, connectivity, business support services and environment and safety standards and make informed investment decisions
“The aim to take India to new heights in manufacturing seems to be getting nearer,” he said.
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.