The Implementation of Industrial Parks : Some Lessons Learned in India

Industrial parks are as popular as they are controversial, in India and globally. At their best they align infrastructure provision and agglomeration economies to jolt industrial growth. More often, they generate negative spill-overs, provide handouts, sit empty, or simply do not get built. This paper disaggregates how parks are built and how they fail. It contextualizes parks in India, followed by a thick case study of an innovative scheme that appears to buck the trend. This performance is then explained by the way in which the scheme's design and action fit India's political economy. The paper concludes by considering how the analysis and the lessons learned might inform the design and implementation of industrial park programs and other public interventions, in India and elsewhere.

Bibliographic Details

Main Authors:	Saleman, Yannick, Jordan, Luke
Language:	English en_US
Published:	World Bank, Washington, DC 2014-03
Subjects:	ADVISORY SERVICES, AFFILIATE, ALLOCATION, BANK FINANCING, BANK LOANS, BASE YEAR, BUSINESS PLANS, CAPACITY BUILDING, CAPITAL FORMATION, CAPITAL GOODS, CAPITAL MARKETS, CHAMBERS OF COMMERCE, COLLATERAL, COLLECTIVE ACTION, COLLUSION, COMPETITIVE ADVANTAGE, COMPETITIVENESS, CORPORATION, CORRUPTION, COST SAVINGS, CROWDING OUT, DEBT, DEBT FINANCING, DEBT REPAYMENT, DEBT SERVICE, DEMONSTRATION EFFECTS, DEVELOPMENT CORPORATION, DEVELOPMENT CORPORATIONS, DEVELOPMENT ECONOMICS, DEVELOPMENT FINANCE, DEVELOPMENT POLICY, DEVOLUTION, DIVISION OF LABOR, ECONOMICS, EMPLOYMENT, ENTREPRENEUR, ENTREPRENEURS, ENVIRONMENTAL, ENVIRONMENTS, EQUITY CONTRIBUTION, EQUITY PARTICIPATIONS, EXCESS DEMAND, EXCHANGE RATE, EXPORTS, EXTERNALITIES, FINANCES, FINANCIAL HEALTH, FINANCIAL INNOVATIONS, FINANCIAL INSTITUTIONS, FINANCIAL MEANS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SKILLS, FINANCIAL STRUCTURE, FINANCIAL SUPPORT, FISCAL SUBSIDIES, FORECASTS, FUTURE RESEARCH, HEALTH SERVICES, HOUSING, INCENTIVE FEE, INDIVIDUAL ENTREPRENEURS, INDUSTRIALIZATION, INSTALLMENT, INSTALLMENTS, INSURANCE, INTERNATIONAL BANK, JOB CREATION, LABOR MARKETS, LABOR PRODUCTIVITY, LAND MARKET, LAND MARKETS, LAND SPECULATION, LAWS, LEGISLATION, LIQUIDITY, LOAN, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, NEGATIVE EXTERNALITIES, NEGATIVE EXTERNALITY, NEW MARKETS, OPPORTUNITY COST, OPPORTUNITY COSTS, POLICY MAKERS, POLITICAL ECONOMY, POLLUTION, POLLUTION CONTROL, PRIVATE ENTREPRENEURS, PRIVATE INVESTMENT, PRIVATE SECTOR, PRODUCERS, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC SECTOR, PUBLIC-PRIVATE PARTNERSHIP, REAL ESTATE, RESERVE ACCOUNT, SOCIAL INFRASTRUCTURE, SPECIALIZATION, SUBSIDIARY, TAX, TRAINING CENTER, TRANSACTION COSTS, URBAN AREAS, URBANIZATION, VENTURE CAPITAL, WAGES, WATER SUPPLY,
Online Access:	http://documents.worldbank.org/curated/en/2014/03/19194220/implementation-industrial-parks-some-lessons-learned-india https://hdl.handle.net/10986/17282
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