Page 19 - Policy Economic Report - September 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 13: GDP growth projection (y-o-y) in %

8. IPRS 3.0 launched to benchmark industrial parks and boost Make in India initiative- Ministry of
Commerce and Industry

On the decade-long celebrations of “Make in India,” the Union Minister of Commerce and Industry, Shri
Piyush Goyal, launched the Industrial Park Rating System (IPRS) 3.0 in New Delhi. Developed by the
Department for Promotion of Industry and Internal Trade (DPIIT) with support from the Asian
Development Bank (ADB), the initiative aims to further strengthen India’s industrial ecosystem and
enhance the competitiveness of industrial infrastructure.

Shri Goyal highlighted that the Government is actively developing 20 plug-and-play industrial parks and
smart cities under NICDC, with four already completed, four under active construction, and the remaining
at various stages of bidding and tendering. He added that the launch of IPRS 3.0 will help assess and
benchmark facilities, infrastructure, and competitiveness of industrial parks across the country. The
initiative will provide stakeholders with reliable data, encourage best practices, and support the creation
of world-class infrastructure, thereby strengthening the Make in India programme and enhancing India’s
global competitiveness.

Building on the pilot phase in 2018 and IPRS 2.0 in 2021, the third edition introduces an expanded
framework with new parameters, including sustainability, green infrastructure, logistics connectivity,
digitalization, skill linkages, and enhanced tenant feedback.

Under IPRS 3.0, industrial parks will be benchmarked and categorized as Leaders, Challengers, and
Aspirers based on their performance across key indicators. This will provide investors with transparent

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