The SIDC or another government body / statutory authority is usually in charge of promoting industrial parks. A government agency plans, approves, develops, manages, and regulates the projects, with just a small amount of private sector involvement.
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Industrial parks can be promoted through a variety of schemes, including Growth Centres, Export Processing Zones, Free Trade Zones, Export Promotion Industrial Parks, Software Technology Parks, and Electronics Hardware Technology Parks. Industrial parks can be designed to include additional services and features that benefit the businesses who rent space there. Commodities and completed products can be transported to large industrial hubs for distribution through ports.
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The cargo is transferred to trucks and railroad waggons using cranes and other heavy lifting equipment available at the industrial park. Within the industrial park, freight can also be housed in warehouses. Manufacturers with access to a port can easily obtain the resources they need to make their products if they are located in an industrial park with port access.
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Advantages of Industrial park:
- Industrial parks are very adaptable. One of the primary advantages of industrial parks over other types of real estate development is that many, if not all, of them are flexible or easy to reconfigure.
- Industrial parks can have production, transportation, and storage facilities all in one location. Chemical facilities, plastics makers, food and beverage processors, and steel producers are all examples of this.
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- Industrial parks aren’t just for the benefit of the local economy. The country benefits from this type of real estate endeavor in two ways. If the complex houses local industries that can be developed, the first option is the best.
- Every continent has a unique niche and competitive advantage to offer international and foreign investors. Central America, for example, is one of the fastest-growing regions in the world, with developing infrastructure and abundant natural resources. Something not insignificant.
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- One industry benefits from the proximity of another. A finished product from one industry can be used as a raw material in another. Because both industries will be housed in the same complex, transportation and implementation expenses would be saved.
- The industrial leaders are also relieved by the proximity. The initial outlay is minimal, and all necessary infrastructure and support services are easily available. As a result, entrepreneurs may devote their entire attention to the firm and its growth.
- More jobs will be created. Industrial parks boost labour mobility and generate more work opportunities. Because many of the units require a lot of labour, there are chances for both skilled and unskilled workers.
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Rising Demand of Industrial Park:
Estimating demand for an industrial park is difficult because the existence of an industrial park (IP) is a catalyst for industrial investment in the surrounding area. Another difficulty is to divide the total planned industrial investment into units that will most likely be situated inside IPs and those that will most likely be located outside IPs.
Small to medium units have historically been more likely to be found in IPs. Government policies also have an impact on demand for industrial parks. An IP-friendly approach should encourage greater investments to be made in industrial parks rather than isolated businesses. The demand for industrial parks can be thought of as derived, with anticipated industrial investment serving as the driving force.
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As previously stated, the need for industrial parks is determined by the amount of industrial investment anticipated in the state. Demand was calculated using estimates about industrial growth, project investment to land area norms, project phasing, and the chance of stated or proposed projects being completed.
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Key Players:
- Ansal Landmark Townships Pvt. Ltd.
- Cessna Garden Developers Pvt. Ltd.
- D L F Garden City Indore Pvt. Ltd.
- Entertainment City Ltd.
- Godrej Garden City Properties Pvt. Ltd.
- Himachal Textile Park Ltd.
- Industrial Township (Maharashtra) Ltd.
- Infinite Infopark Ltd.
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