In the last few years there has been a remarkable growth in the number of enterprises moving to industrial parks which are globally acknowledged for economic growth and development of the country. The initiatives taken by various state Governments, along with benefits like dedicated infrastructure and transport access; have encouraged many developers to foray into multi-product industrial development park across India. Development of these parks attracts investments from private, MNC’s companies’ further boosting several flagship initiatives of the Indian Government like ‘Make in India’ leading to proliferation of job opportunities.

It is clear that developers prefer setting up industrial areas in planned cities (Navi Mumbai, for example) to provide enterprises with modern infrastructure and good transportation access and Navi Mumbai meets the exacting infrastructure needs of enterprises. Besides opting for planned cities. Developers with a vision who understand the significance of proper planning, design, and technology for developing a robust industrial park have explored ways to innovate and build futuristic industrial parks. It is important to have the right team of architects and designers to ensure the final outcome meets the stringent requirements of industrial parks. While the basic need to ensure uninterrupted power supply to the industrial park is a must, developers need to accentuate the offering by adding high-quality lighting, elevators, air conditioning, building automation, and power distribution systems.

Responsible for creating millions of jobs every year, the SME sector faces challenges at multiple levels in business processes, amenities and access to good trans-port systems, credit gaps etc. In the past few years, real estate enterprises have seen increased interest from state Governments, industry bodies and the Government in setting up designated industrial parks, offering comprehensive facilities capable of scaling as per the size of operations and a gamut of attractive facilities to promote industrial growth. The go-to market for industrial outputs is practically everywhere including large metros and clusters of industrial towns scattered across the country. To tap these markets, MSMEs need to be able to reduce operational costs and focus on up scaling. To provide excellent infrastructure and facilities to the Micro, Small and Medium enterprises around large metros and important freight corridors, industrial parks need to address the challenges of continuous power and water supply for industrial units, waste & drainage treatment systems, freight elevators, loading unloading bays and adequate lighting providing the next phase of support to the smaller enterprises.

It is critical that industrial parks are strategically located at the national highways, railway stations, airports and seaports. Navi Mumbai is a hub for skilled force across industries while its central connectivity offers excellent convenience of accessibility to the workforce. The central, as well as state Governments need to simplify the entire process if they want more investment in industrial park development. A faster clearance process, new initiatives and focus on overall infrastructure around a proposed site would help enable faster growth in this sector. And a rapid growth in this sector will further enable the Governments initiatives like Make in India, Smart Cities mission. 

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