News: The Industrial Park Rating System (IPRS) 3.0 was launched recently by the Union Minister of Commerce & Industry in New Delhi.
About Industrial Park Rating System (IPRS) 3.0
- It is the latest iteration of a government initiative aimed at benchmarking and enhancing the competitiveness of industrial parks across India.
- Launch: IPRS 3.0 was launched on 20 September 2025 by Union Minister of Commerce & Industry in New Delhi.
- Developed by: DPIIT with support from the Asian Development Bank (ADB).
- Objective: To benchmark, assess and improve industrial parks’ competitiveness and infrastructure in India.
- Purpose and Benefits:
- Reliable Data: Provides stakeholders and investors with credible, transparent information.
- Benchmarking: Allows comparison of industrial park performance across the country.
- Best Practices: Encourages adoption of global standards and sustainable practices.
- Policy Support: Helps policymakers design targeted interventions and improve competitiveness.
- Boost to Make in India: Strengthens India’s industrial ecosystem and global competitiveness.
- Key Features of IPRS 3.0
- IPRS 3.0 introduces expanded parameters such as sustainability, green infrastructure, logistics connectivity, digitalization, skill linkages, and enhanced tenant feedback mechanisms.
- Under IPRS 3.0, industrial parks will be categorized into Leaders, Challengers, and Aspirers based on their performance across key indicators.
- The system will provide clear and transparent ratings to enable better benchmarking of facilities and competitiveness.
- Impact on States and Union Territories
- Showcase Top Parks: States and Union Territories will be able to showcase their best-performing industrial parks under the new rating system.
- Identify Gaps: The initiative will help identify gaps in infrastructure and services that require improvement.
- Attract Investments: IPRS 3.0 will encourage investments from both domestic and global investors by providing credible data.
- Employment Generation: The system will also support employment generation and skill development initiatives.
- Strengthen Ecosystem: It will strengthen the industrial and investment ecosystem in different regions of the country
