Developed in partnership with state governments and private sector, they offer shared infrastructure, streamlined approvals and a predictable regulatory environment.
Status of IP in India
- Currently, India has more than 4,500 industrial parks as per India Industrial Land Bank (IILB).
- 306 plug-and-play industrial parks and 20 parks and smart cities are being developed under National Industrial Corridor Development Corporation (NICDC).
Key Benefits offered by Industrial Parks
- Economic Growth: Integrate scarce factors of production, generate higher productivity and operational efficiency, attract FDI (India among the top 5 global destinations for greenfield projects as per UNCTAD), creating jobs, and improved wages, etc.
- Environmental and Social Responsibility: Promote eco-friendly practices, support resource efficiency, etc., along with offering gender sensitive facilities, health and security systems to employees.
Initiatives taken to promote them
- Plug-And-Play Industrial Parks: Union Budget 2025-26 allocated Rs. 2,500 crores for their development.
- India Industrial Land Bank (IILB): Developed by Department for Promotion of Industry and Internal Trade (DPIIT) as a centralized Geographic Information System (GIS)-enabled platform offering spatial and non-spatial information on industrial land.
- Industrial Park Rating System (IPRS): Comprehensive framework for assessing performance and quality.
- IPRS 3.0 was launched in September 2025 with enhanced parameters on sustainability, skill linkages, digitalization, etc.
- Ease of Doing Business Reforms: Through National Business Reforms Action Plan (BRAP), 2014; Goods and Services Tax (GST), reducing compliance burden, etc.