How to Setup Industrial Township

An industrial township is a designated area set aside for the development and growth of industrial activities and businesses. It typically includes factories, warehouses, and other industrial facilities, as well as infrastructure such as roads and utilities to support them. These townships are often created to attract investment and promote economic development in a specific region.

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Industrial townships are usually developed by the government or private organizations and are designed to provide a comprehensive range of facilities and services to support the growth and development of industries. These townships may include facilities such as power plants, water treatment plants, and waste management facilities, as well as transportation infrastructure such as ports, airports, and rail and road networks. They may also include housing for workers, schools, hospitals, and other community amenities.

In addition to providing infrastructure and facilities, industrial townships may also offer various incentives and benefits to attract industries and businesses. These may include tax breaks, subsidies, and streamlined regulatory processes. Some industrial townships may also provide training and education programs for workers, as well as research and development support for industries.

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The goal of industrial townships is to create a conducive environment for industries to grow and prosper, while also promoting economic development and creating jobs for the local population. They can be a major contributor to the country's economy and bring many positive changes to the region.

Global Market Size:

It is difficult to provide an exact global market size for industrial townships as the market is constantly evolving and the definition of an industrial township can vary between countries and regions. Additionally, the size of the market may also depend on factors such as the level of industrialization and economic development in a particular region.

According to a report by ResearchAndMarkets.com, the global market for industrial real estate is expected to reach $1.5 trillion by 2025, growing at a CAGR of around 6% during 2020-2025.

This growth is driven by factors such as the increasing e-commerce market, which is leading to a greater demand for warehouse and logistics space, as well as the growing manufacturing sector in developing countries, which is leading to increasing demand for industrial space.

Additionally, many countries are investing in the development of industrial townships to promote economic development and attract investment. For example, India has been actively developing industrial townships across the country, with the government announcing plans to set up 100 new industrial townships in the coming years.

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Market Size in India:

The market size for industrial townships in India is currently quite significant. According to a report by Research and Markets, the Indian industrial real estate market is expected to reach $40 billion by 2025, growing at a CAGR of around 10% during 2020-2025.

The Indian government has been actively promoting the development of industrial townships across the country as a means of promoting economic development and job creation. The government has announced plans to set up 100 new industrial townships in the coming years, which will provide a wide range of facilities and services to support the growth and development of industries.

The growth in the industrial real estate market in India is driven by factors such as the increasing manufacturing sector in the country, the growing e-commerce market, and the rising demand for logistics and warehouse space. Additionally, the Indian government's "Make in India" initiative, which aims to boost the country's manufacturing sector, has also led to an increase in demand for industrial space.

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The growth in the market size for industrial townships in India is also supported by various policy initiatives and schemes launched by the government, such as the "Industrial Corridor" scheme, which aims to develop industrial corridors and clusters across the country, and the "Smart Cities" initiative, which aims to develop smart and sustainable industrial townships.

Benefits of Industrial Township:

There are several benefits of industrial townships, both for the industries and businesses that operate within them, as well as for the local communities and the broader economy. Some of the key benefits include:

1. Industrial townships typically include a wide range of infrastructure and facilities to support the growth and development of industries. This includes facilities such as power plants, water treatment plants, and waste management facilities, as well as transportation infrastructure such as ports, airports, and rail and road networks.

2. Industrial townships may offer various incentives and benefits to attract industries and businesses. These may include tax breaks, subsidies, and streamlined regulatory processes.

3. Industrial townships can create jobs for the local population, both through the industries and businesses that operate within them, as well as through the construction and development of the townships themselves.

4. Industrial townships can promote economic development by attracting investment and encouraging the growth of industries and businesses. This can lead to an increase in GDP and a more diversified economy.

5. Industrial townships may include housing for workers, schools, hospitals, and other community amenities. This can improve the quality of life for the local population and help to build strong, sustainable communities.

6. Industrial townships often have regulations and policies in place to protect the environment, by ensuring proper disposal and treatment of industrial waste, promoting the use of renewable energy, and limiting pollution.

7. Some industrial townships may also provide training and education programs for workers, as well as research and development support for industries, which can help companies to innovate and stay competitive in the global market.

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Raw Materials Requirement:

The raw material requirements for setting up an industrial township will depend on the specific industries and businesses that will be operating within the township, as well as the infrastructure and facilities that will be provided. Some of the key raw materials that may be required for setting up an industrial township include

Construction materials: A wide range of construction materials may be required for building the factories, warehouses, and other industrial facilities within the township, as well as for building roads, bridges, and other infrastructure.

Raw materials for industries: The specific raw materials required for the industries operating within the township will vary depending on the type of industry. For example, a textile factory may require cotton, while a steel factory may require iron ore and coal.

Equipment and machinery: A wide range of equipment and machinery may be required for the industries and businesses operating within the township, such as industrial machinery, power generators, and transportation equipment.

Utilities: The Township will require a range of utilities such as electricity, water, and gas to support the operations of the industries and businesses within it.

Land: The most important raw material is the land, the land should be suitable for the specific industries that will be located in the township, and it should have proper connectivity to transportation networks, nearby sources of raw materials and labor, as well as other supporting facilities.

Registration, Certificates, and Licence Required:

There are several registration, certificates, and licenses that may be required for setting up an industrial township, as well as for the industries and businesses that will be operating within it. Some of the key registration, certificates, and licenses that may be required include:

· Industrial license

· Environmental clearance

· Building and construction permits

· Land-use certificate

· Fire safety and health and safety certificates

· Pollution control certificates

· Labor laws compliance

Land Acquisition:

Land acquisition is a crucial step in setting up an industrial township. The process of acquiring land for an industrial township usually involves identifying a suitable piece of land, negotiating with the landowner, and obtaining the necessary approvals from the government. The land should be suitable for the specific industries that will be located in the township, and it should have proper connectivity to transportation networks, nearby sources of raw materials and labor, as well as other supporting facilities.

The process of land acquisition can be complex and time-consuming, and it may require navigating a range of legal, regulatory, and administrative procedures. It may also require the involvement of several government departments, including those responsible for land acquisition, land records, and revenue. In some cases, the government may acquire the land on behalf of the industrial township developer through the process of eminent domain, where the government has the power to acquire land for public use, with compensation to the landowners.

Investment:

Investing in an industrial township is a significant undertaking that requires a significant amount of capital. The costs associated with setting up an industrial township can vary depending on a number of factors, such as the size and location of the project, the infrastructure and facilities that are required, and the industries that will be housed in the township.

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One of the major costs that would be incurred in setting up an industrial township is land acquisition and development. This includes the cost of purchasing land and preparing it for industrial use, such as leveling and grading the land and building roads, utilities, and other infrastructure.

Building construction is another major cost that needs to be considered while setting up an industrial township. The cost of constructing buildings and facilities for the various industries that will be housed in the township, including factories, warehouses, and offices, is significant.

The total cost of setting up an industrial township can range from a few million dollars for a small project to hundreds of millions or even billions of dollars for a large project.

Conclusion:

In this blog, we have explained how to set up an industrial township. By following the simple steps outlined in the article, you can create a thriving and productive township that will benefit your business in a number of ways. By establishing an industrial township, you can increase production efficiency, reduce expenses, and attract new customers.

If you are interested in setting up an industrial township of your own, be sure to get in touch to learn more about the process and how we can help make it a success.

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