DPIIT successfully organizes National Workshop on Industrial Park Rating System

Source: The post is based on the article “DPIIT successfully organizes National Workshop on Industrial Park Rating System” published in PIB on 3rd July 2023

What is the News?

The Department for Promotion of Industry and Internal Trade(DPIIT) has successfully organized the National Workshop on Industrial Park Rating System (IPRS).

What is the Industrial Park Rating System (IPRS)?

The Industrial Park Rating System (IPRS) was launched by the Department for Promotion of Industry and Internal Trade (DPIIT) in 2018. It a pilot initiative, launched with the support of the Asian Development Bank(ADB) and the Ministry of Electronics and Information Technology(MeitY).

It is an extension of the India Industrial Land Bank (IILB) platform which features more than 4,500 industrial parks 

Aim: To rate the country’s industrial parks and special economic zones.

Parameters: It rates industrial parks across four pillars: internal infrastructure and utilities, external infrastructure and facilities, business support services, and environmental and safety management.

Based on the findings of the pilot and review of the global approaches, frameworks, and guidelines DPIIT launched ‘IPRS 2.0’ in October, 2021. It is a key enabler for identifying additional measures to enhance industrial competitiveness.

Compared with the 34-parameters assessment framework used for the pilot phase, 45 parameters were developed for the assessment of industrial parks and 40 parameters separately for SEZs under the four pillars of IPRS 2.0.