On October 5, 2021, Minister of State (MoS) Som Parkash, Ministry of Commerce & Industry released the 2nd edition of Industrial Park Ratings System (IPRS) report or IPRS 2.0 Report in New Delhi. It should be noted that it is the first annual IPRS as the earlier one was a pilot phase conducted in 2018.
- In the report 41 Industrial Parks were named as ‘Leaders’ category. These are mostly from Maharashtra and Rajasthan. 90 Industrial Parks are marked as ‘Challenger’ while 185 have been rated under ‘Aspirers’.
- IPRS 2.0 is on the lines of Atmanirbhar Bharat Abhiyan.
- It aims to enhance industrial competitiveness among parks, promote investment in the state industrial ecosystem, and to help industries to identify suitable investment destinations through a single platform.
Basis of analysis:
The report was prepared on the basis of following four pillars which have further 45 parameters:
ii.External infrastructure and connectivity,
iii.Business support services
iv.Environment and safety management
New features in IPRS 2.0:
i.Widening the coverage of parks (~400 across SIDCs/ UTs/Central Departments)
ii.Inclusion of private sector parks in IPRS
iii.Economic Zones (manufacturing) assessed separately
iv.Park tenants feedback mechanism
i.This report is an extension of the India Industrial Land Bank (IILB) which features more than 4,400 industrial parks in a GIS (Geographic information system)-enabled database to help investors identify their preferred location for investment.
ii.While assessing IPRS 2.0 referred Eco-Industrial Park (EIP) Framework (2017) developed by UNIDO (United Nations Industrial Development Organization),World Bank and GIZ, and International Guidelines for Industrial Park (IGIP) (2019) developed by UNIDO.
iii.It also takes into consideration various other frameworks implemented by DPIIT (Department for Promotion of Industry and Internal Trade) viz. Business Reform Action Plan (BRAP) and State Startup Ranking.
It was launched in 2018 by DPIIT in support of ADB (Asian Development Bank) as a pilot exercise. Its objective is to support policy development for enabling industrialisation across the country.
Recent Related News:
On September 22, 2021, Union Minister, Piyush Vedprakash Goyal, Ministry of Commerce & Industry launched the National Single Window System (NSWS), an online portal to enable global and domestic investors, entrepreneurs, and businesses to identify and obtain approvals and clearances needed in India. It is an effort toward ease of doing business.
About Ministry of Commerce & Industry:
Union Minister – Piyush Goyal (Constituency – Maharashtra)
Minister of State – Anupriya Singh Patel (Constituency – Mirzapur, Uttar Pradesh), Som Parkash (Constituency – Hoshiarpur, Punjab)