India Developing Next Generation Industrial Parks

As India strives to establish itself as a leading global manufacturing and industrial hub, a well-functioning industrial park ecosystem would be vital in furthering this objective. The country’s industrial parks are poised to undergo a significant transformation, reflecting a mix of efficiency, technology, sustainability, and community.

 

With increasing urgency surrounding environmental challenges and resource scarcity, combined with rapid advancements in technology and automation, these next-generation industrial parks are prepared to revolutionise traditional manufacturing practices.

Key growth drivers for India’s burgeoning industrial sector:

 

·       Supporting policies: Make in India campaign, Production-Linked Incentive (PLI) scheme, etc.

·       Ease of doing business: Cutting redundant regulatory procedures and offering single window clearance

·       Financial incentives: Tax incentives, subsidies, rebates, etc.

·       Trade deals: Actively pursuing trade deals, boosting exports

·       Labour pools: Availability of skilled labour at viable costs

·       Infrastructure: Rapidly growing infrastructure facilitating growth

·       Technological advancements: Emerging innovation hubs and facilities, offering strong R&D capabilities

·       China + 1 strategy: Global companies geographically diversifying their manufacturing hubs, allowing India to cash-in

 

This comprehensive report aims to address the following topics:

 

• Key statistics about industrial parks in India and their major benefits
• Central and state policies promoting industrialisation in the country
• An overview of the industrial park ecosystem across key states
• A summary of the Industrial Park Rating System 2.0
• An overview and the key components of a next-gen industrial park
• Prominent international and domestic examples of next-gen industrial parks
• Major steps involved in setting up an industrial park in India
• Upcoming industrial parks and private investments, and preferred development models

 
Please click the download button to delve deeper into the evolving dynamics of India’s industrial parks and the real estate sector.