RESPONSIBLE GROWTH INDEX

Rating for Industrial Corridors, Parks & Factories

Covers:

  • Manufacturing Zones
  • Special Economic Zones (SEZs)
  • Export Processing Zones (EPZs)
  • Textile and Apparel Parks
  • Food Processing and Agro-Based Parks
  • Electronics Manufacturing Clusters
  • Automobile and Auto Components Manufacturing Parks
  • Heavy Industrial Corridors (e.g., steel, cement, and chemicals)
  • Technology Parks (e.g., IT, biotech parks)
  • Pharmaceutical Manufacturing Zones
  • Renewable Energy Industrial Zones

Relevance and Impact

What Will I Be Able To Do?

What Will I Get?

Certification Levels

Fee Structure

Resources

How Can I Apply REGI To My Projects?

Relevance and Impact

The industrial landscape, from manufacturing zones to special economic zones (SEZs) and heavy industrial corridors, is under increasing pressure to balance economic growth with environmental responsibility and social equity. In an era where industrial operations must not only optimize production but also reduce carbon footprints, conserve natural resources, and ensure the well-being of employees and surrounding communities, traditional business models are becoming unsustainable.

For sectors such as textile and apparel parks, food processing, and electronics manufacturing clusters, resource inefficiency, excessive waste, and energy consumption are major pain points. Additionally, industries like automobile manufacturing and pharmaceutical production face regulatory pressures related to emissions, water usage, and waste management, adding complexity to their operations.

These challenges often extend beyond the operational level to infrastructure development within technology parks, renewable energy zones, and industrial corridors. Developers must navigate stakeholder demands for sustainable practices while ensuring profitability, efficient logistics, and compliance with evolving environmental laws. Social issues, such as worker safety and community impact, are also of growing concern, especially in regions where industrial expansion has far-reaching effects on local populations.

The Industrial Corridors, Parks & Factories Rating System provides a comprehensive approach to address these challenges, focusing on Environmental, Social, and Economic (ESE) criteria. By integrating sustainable practices into industrial projects, businesses can reduce energy consumption, improve waste management, and promote a healthier working environment. For example, implementing renewable energy solutions in pharmaceutical zones or heavy industrial corridors not only reduces operational costs but also lowers emissions, addressing both environmental and economic challenges.

In manufacturing zones and SEZs, adopting energy-efficient technology and waste recycling systems can mitigate resource inefficiencies, reduce costs, and improve regulatory compliance. This is particularly relevant for industries like food processing and textile manufacturing, where water conservation and waste reduction are critical.

Industrial Corridors, Parks & Factories Rating framework address these operational challenges through sustainable and responsible practices, businesses in industrial parks and factories can position themselves as leaders in an increasingly conscious market. This not only improves operational efficiency and risk management but also enhances social impact and environmental stewardship, aligning with global sustainability goals.

What Will I Be Able To Do?

Tangible Benefits:

  • Lower operational costs through shared infrastructure, resources, and services within parks and zones.
  • Meet environmental, safety, and quality standards, enhancing trust with regulators and investors.
  • Benefit from specialized zones and infrastructure that boost manufacturing efficiency, such as in SEZs and tech parks.
  • Export-oriented zones and compliance with international standards help gain access to new markets.
  • Implement renewable energy solutions and reduce environmental footprint with green technologies.
  • Availability of common services like logistics, waste management, and power supply reduces individual setup costs.
  • Benefit from targeted training and skilled labor pools within specialized industrial zones.

Intangible Benefits:

  • Aligning with REGI’s environmental, social, and governance standards fosters investor trust and long-term growth.
  • Certification attracts high-quality tenants, including tech companies and manufacturers focused on sustainability.
  • Contribute to regional development by creating jobs, supporting local businesses, and improving infrastructure.
  • Foster good relations with local communities through corporate social responsibility and environmental stewardship.
  • Position your industrial zone or park as a responsible player committed to long-term sustainable development.

What Will I Get?

This certification guides software development companies by incorporating the following scopes:

Environmental Scope:

1. Adoption of sustainable practices like energy efficiency, water conservation, and waste management.
2. Implementation of green technologies and reduction of carbon footprints.
3. Promotion of resource optimization to minimize environmental impact.

Social Scope:

1. Ensuring fair labor practices, safe working conditions, and employee well-being.
2. Promoting diversity, equity, and inclusion within the workplace.
3. Enhancing community engagement and fostering positive social impacts.

Governance Scope:

1. Strengthening compliance with regulations, data privacy, and intellectual property protection.
2. Establishing transparent and ethical business practices.
3. Implementing robust governance structures to mitigate legal and operational risks.

Economic and Geopolitical Scope:

1. Encouraging market diversification and strategic partnerships.
2. Developing risk management strategies to address economic and geopolitical uncertainties.
3. Fostering innovation to create new market opportunities and drive economic resilience.

Innovation and Market Leadership Scope:

1. Promoting responsible and ethical software development practices.
2. Differentiating companies through sustainable product offerings and innovative solutions.
3. Enhancing brand reputation and market positioning as leaders in responsible technology.

Certification Levels​

REGI Responsible Projects Certification Levels
Certification Level
Points Range
Description
1-STAR
Certified Level
40-49
Ideal for those initiating sustainable practices. A step towards a more responsible and eco-friendly approach.
2-STAR
Bronze Level
50-59
For entities committed to advancing sustainability initiatives. Recognizes efforts in resource efficiency and waste reduction.
3-STAR
Silver Level
60-69
Suitable for organizations with a substantial commitment to sustainability. Acknowledges achievements in various aspects of responsible practices.
4-STAR
Gold Level
70-79
Honors entities showcasing a high level of dedication to sustainable practices. Acknowledges excellence in resource efficiency, carbon footprint reduction, and waste management.
5-STAR
Platinum Level
80+
Represents the pinnacle of REGI certification. Signifies profound dedication to holistic sustainability, innovation, and continuous improvement.

Fee Structure​

Registration Fee (Rs)
REGI Founding Member
₹25,000
REGI Annual Member
₹25,000
Non-Member
₹30,000
Certification Fee(Rs)
REGI Founding Member
₹1,25,000
REGI Annual Member
₹1,80,000
Non-Member
₹2,25,000
NOTES:
  • Registration fee is a one-time fee paid at the beginning of the certification process.
  • Fee is exclusive of Goods and Services Tax (GST)
  • Certification fee is the main fee for assessing and certifying your product, service, or project.
  • Registration, Precertification and Certification fee are non-refundable
Payment Details:

Payment can be conveniently done through a Debit Card, Credit Card or Net Banking.

How Can I Apply REGI To My Projects?

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