Parks, community halls, libraries, commercial complexes, banks, and post offices are all available in the Industrial Park. An "Industrial Park" in India refers to a project in which plots of developed space or built-up space, in combination with common facilities and high-quality infrastructure, are established and made available to units for the purposes of industrial or commercial activity.
Historically, there have been two reasons for industrial parks. First, providing functioning infrastructure in a geographically constrained location is significantly easier to plan, especially for governments with delivery constraints. Second, the concentration of firms can have significant spillover effects both inside and outside the park, such as information spillovers, such as knowledge and technology; enterprise specialization and division of labour; the development of skilled labour markets; and the development of markets surrounding the parks.
The integrated park is made up of clusters of homes and commercial businesses that are connected by roadways, convenience stores, water treatment plants, and drainage and sewage services. With cities becoming increasingly crowded and lacking future development potential, integrated parks have been highlighted as a viable option.
With a lower FSI (Floor Space Index), more open areas, and an emphasis on creating a sustainable living ecosystem with residential and commercial spaces supported by an infrastructure backbone of power, roads, water, drainage, and sewage – a virtual living and breathing city – integrated parks are rather complex.
The ideal urbanization option is an integrated park. In terms of economic and societal factors, convenience is the primary goal. An Integrated Industrial Park combines residential and working opportunities in one location. Residential, infrastructure, and basic utilities, as well as job possibilities, are all available in one location.
Industrial parks can be a useful tool for increasing regional and national industrial competitiveness, as well as reducing negative externalities such as traffic congestion and "brain drain." They provide an institutional framework, contemporary administrative services, and physical infrastructure that may not be found anywhere else in the country. They're also built to satisfy the needs of industrial businesses in a certain region or community by providing current business development services like information and telecommunications.
Few Indian Major Players
1. AAA Township Pvt. Ltd.
2. Cessna Garden Developers Pvt. Ltd.
3. D L F Garden City Indore Pvt. Ltd.
4. Entertainment City Ltd.
5. Godrej Garden City Properties Pvt. Ltd.
6. Himachal Textile Park Ltd.
7. Industrial Township (Maharashtra) Ltd.