Industrial Park

Reviewed by Vineeth | Updated on Sep 30, 2020

Introduction

Industrial parks are a portion of the city that are specifically reserved for industrial use. These zones are not for the use of commercial or residential needs. Industrial parks generally include ports, oil refineries, distribution centres, warehouses, and factories.

Most industrial parks are situated in those areas where the environment is conducive for industrial activities. Also, industries are entitled to tax concessions on having their business bases at the specified industrial park.

Understanding Industrial Park

Industrial parks may go on to combine a blend of transportation, storage facilities, and production in the same location. This may involve chemical plants, steel manufacturers, food and beverage processors, plastic manufacturers, and airports.

For instance, an industrial park located near a major seaport will be well equipped with the railroad and several freeways with facilities to confer major routes for the movement of trucks and other heavy vehicles carrying goods.

The kind of businesses based out of this industrial park will include facilities for cold storage, engine part manufacturing companies, and distribution warehouses.

Importance

Industrial parks may be designed such that it gets together supporting features and services that are going to benefit the organisations that are going to occupy the facilities there. Ports offer access for commodities and manufactured products that are to be brought to the major hubs of the industries for the purpose of distribution.

Cranes and other similar heavy lifting facilities available at the industrial parks can be of immense help in transferring the cargo to railroad card and trucks.

Cargos can also be parked at the warehouses that are situated inside the industrial park. Manufacturers that are based out of the industrial parks having port access can swiftly get access to the materials that they need in order to manufacture the products.

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