How Can Industrial Park Benefit an Electric Vehicle Industry:
The global automotive industry is undergoing a paradigm shift at present in trying to switch to alternative or less energy intensive options. India too is investigating in this electric mobility shift. The burden of oil imports, rising pollution as well as international commitments to combat global climate change are among key factors motivating India's recent policies to speed up the transition to EV industry. The Indian automotive industry is the fifth largest in the world and is estimated to be the third largest by 2030. Catering the vast domestic market, reliance on the conventional modes of fuel intensive mobility will not be sustainable. The fast pace of growing Electric Vehicle industry also requires the space for establishment of any industry and for that nothing could be better than industrial parks in India.
Industrial Park benefits different companies to
setup in the specific space which gives them all the facilities which is
required to establish any industry. Industrial parks are an ideal catalyst for
industrialization and economic development. They help put into place an
infrastructure that fosters and attracts entrepreneurs of all scale and sizes.
They offer plots of varying sizes that best fit the requirement of businesses
and industries, they also promote economic activity in adjacent neighborhood
areas by offering better employment opportunities. SMIP has been particularly
instrumental in the development of areas in and around SMIP industrial plots.
Further the connectivity with road, rail and sea.
Automotive warehouse are one of the best reason
to establish your an EV industry in an industrial parks in India because they
provides not only storage areas but are now also fully equipped with machines
which lifts heavy materials which cuts down on manual labor costs, it also
offer all urban amenities like telecommunications, postal facilities, filling
stations, banks, etc.
In addition to the above, there are some
secondary benefits too like lower income housing, easy connectivity to capital
business centers, etc which helps exceedingly in improving socio-economic of
the local population. A good example in this regard would be of SMIP (Sojitz
Motherson Industrial Park) have mushroomed all over the globe all the while
driving commerce and business for greater economic stability among global and
domestic participants. In modern times too industrial parks have proved to be
the key engines for economic growth and well-being of developing and
underdeveloped economies.
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