Home » News » Industry » Commerce Minister Releases Report on Industrial Park Rating System

Commerce Minister Releases Report on Industrial Park Rating System

             The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, released the report prepared by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, on Industrial Park Rating System. 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 rank 77 out of 190 countries. In order to ensure that India moves into the top 50 countries in Ease of Doing Business the Ministry has undertaken this exercise in studying infrastructure across states and in 3354 industrial clusters in order to assess quality of infrastructure in industrial parks.

Suresh Prabhu stated that this will be a useful tool for policy makers and investors at the click of a button. 3000 parks are on the database and the industrial parks have been rated on 4 points: internal infrastructure, external infrastructure, business services and facilities and environment, safety management.

To optimise resource utilisation and enhance the efficiency of the manufacturing sector, DIPP 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.

Over the last one year, State Governments and Industrial Development Corporations have actively used the portal and nominated over 200 parks for their assessment along the above parameters.

IPRS is proposed to be translated into an annual exercise covering all the parks across India. Coverage would be widened and updated to bring in deeper qualitative assessment feedback, bring in technological intervention and develop it as a tool that helps effectively for demand driven and need based interventions both by policy makers and investors.

 

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Borrowing limit of states increased from 3% to 5%; Public sector to be open for private players: FM

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. ...

Government to bring out new Industrial Policy-Capt. D. S. Mishra

“The covid – 19 Outbreak has taught us a lot of things but still it ...

Power Ministry floats draft Electricity Act; invites suggestions within 21 days

Supply of quality power at affordable prices is essential for sustained growth of the economy ...

New Textile Policy – 2020

Government is formulating a New Textile Policy for overall development of the sector. Inputs from ...

Major Port Authorities Bill 2020 Introduced in The Loksabha

Major Port Authorities Bill 2020 was introduced in the Loksabha by the minister of state ...

Public Enterprises Survey 2018-19 Tabled in Parliament

Total Paid up Capital in all CPSES as on 31.3.2019 Stood at Rs. 2,75,697 Crore ...

Quick Estimates of Index of Industrial Production and Use-Based Index for the month of November, 2019 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month ...

Steel Scrap Recycling Policy issued

Ministry of Steel has issued the Steel Scrap Recycling Policy. The policy aims to achieve ...

HLCA clears investment proposals worth Rs. 2, 04,069 Cr

The 20th High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Hon’ble Chief ...

Odisha to produce 100 MTPA steel by 2030 More than 50% value addition of the primary metal produced in Odisha

Prominent steel manufacturers met today at Bhubaneswar and interacted on the vision of achieving 100 ...

WP2Social Auto Publish Powered By : XYZScripts.com