Commerce Minister releases report on Industrial Park Rating System
The Union Commerce Minister, Suresh Prabhu has released a report on Industrial Park Rating System. The Ministry has undertaken the exercise of studying infrastructure across states and in 3354 industrial clusters in order to assess the quality of infrastructure in industrial parks.
The Union Commerce Minister, Suresh Prabhu on November 19, 2018 released a report on Industrial Park Rating System. The report was prepared by the Department of Industrial Policy & Promotion (DIPP) under the Ministry of Commerce and Industry.
Speaking on this occasion, Commerce Minister said that manufacturing has emerged as one of the high growth sectors in India and it has moved 23 places up in the World Bank’s Ease of Doing Business (EODB-2019) and achieved the rank of 77 out of 190 countries.
• The Ministry has undertaken the exercise of studying infrastructure across states and in 3354 industrial clusters in order to assess the quality of infrastructure in industrial parks, to ensure that India moves into the top 50 countries in Ease of Doing Business.
• According to the Commerce Ministry, it will be a useful tool for policymakers and investors at the click of a button.
• The database includes 3000 parks and all the industrial parks will be rated on the following 4 points:
- Internal infrastructure
- External infrastructure
- Business services and facilities
- Environment and safety management
• To optimise resource utilisation and enhance the efficiency of the manufacturing sector, the DIPP has launched the Industrial Information System (IIS), a GIS-enabled database of industrial areas and clusters across the country in May 2017.
• The portal serves as a one-stop solution to the free and easy accessibility of all industrial information including availability of raw material – agriculture, horticulture, minerals, natural resources, distance from key logistic nodes, layers of terrain and urban infrastructure.
• The portal has been actively used by the State Governments and Industrial Development Corporations over the last one year and they have nominated over 200 parks for assessment along the above parameters.
The Industrial Park Rating System is proposed to be translated into an annual exercise covering all the parks across India.
The coverage would be widened and updated to bring in deeper qualitative assessment feedback and technological intervention and develop it as a tool that effectively helps for demand-driven and need-based interventions both by policymakers and investors.