Saleman, YannickJordan, Luke Simon2014-01-032014-01-032013-04https://hdl.handle.net/10986/16488Industrial 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 fits 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.en-USCC BY-NC-ND 3.0 IGOADVISORY SERVICESAFFILIATEALLOCATIONBANK FINANCINGBANK LOANSBASE YEARBUSINESS PLANSCAPACITY BUILDINGCAPITAL FORMATIONCAPITAL GOODSCAPITAL MARKETSCHAMBERS OF COMMERCECOLLATERALCOLLECTIVE ACTIONCOLLUSIONCOMPETITIVE ADVANTAGECOMPETITIVENESSCORRUPTIONCOST SAVINGSCROWDING OUTCSDEBTDEBT FINANCINGDEBT REPAYMENTDEBT SERVICEDEMONSTRATION EFFECTSDEVELOPMENT CORPORATIONDEVELOPMENT CORPORATIONSDEVELOPMENT ECONOMICSDEVELOPMENT FINANCEDEVOLUTIONDIVISION OF LABORECONOMICSEMPLOYMENTENTREPRENEURENTREPRENEURSENVIRONMENTALENVIRONMENTSEQUITY CONTRIBUTIONEQUITY PARTICIPATIONSEXCESS DEMANDEXCHANGE RATEEXPORTSEXTERNALITIESEXTERNALITYFINANCESFINANCIAL HEALTHFINANCIAL INNOVATIONSFINANCIAL INSTITUTIONSFINANCIAL MEANSFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SKILLSFINANCIAL STRUCTUREFINANCIAL SUPPORTFISCAL SUBSIDIESFORECASTSFUTURE RESEARCHHEALTH SERVICESHOUSINGINCENTIVE FEEINDIVIDUAL ENTREPRENEURSINDUSTRIALIZATIONINSTALLMENTINSTALLMENTSINSURANCEINTERNATIONAL BANKJOB CREATIONLABOR MARKETSLABOR PRODUCTIVITYLAND MARKETLAND MARKETSLAND SPECULATIONLAWSLEGISLATIONLIQUIDITYLOANLOCAL GOVERNMENTLOCAL GOVERNMENTSNEGATIVE EXTERNALITIESNEGATIVE EXTERNALITYNEW MARKETSOPPORTUNITY COSTOPPORTUNITY COSTSPOLITICAL ECONOMYPOLLUTIONPOLLUTION CONTROLPRIVATE ENTREPRENEURSPRIVATE INVESTMENTPRIVATE SECTORPRODUCERSPUBLIC GOODSPUBLIC INVESTMENTPUBLIC SECTORPUBLIC-PRIVATE PARTNERSHIPREAL ESTATERESERVE ACCOUNTSAVINGSSOCIAL INFRASTRUCTURESPECIALIZATIONSUBSIDIARYTAXTRAINING CENTERTRANSACTION COSTSURBAN AREASURBANIZATIONVENTURE CAPITALWAGESWATER SUPPLYWorld Bank10.1596/16488