Investigating Location Attributes For Industrial Area Development: A Case Area of Balaju Industrial Area.

Abstract

Industrial areas play a significant role in the economic growth and sustainability of any region. The choice of an ideal location for industrial growth is an important choice with an impact on several stakeholders, including enterprises, communities, and governments. This study focuses on the investigation of location attributes for industrial area development, with a specific case study of the Balaju Industrial Area, situated in Kathmandu, Nepal. The study takes a different approach to examine the major variables affecting industrial growth in particular region. In-depth literature reviews, surveys, and interviews are conducted to collect data. Regression analysis was then used to investigate the relationship between the impact and industrial location satisfaction. Following the discovery of such relationship, location attributes are investigated and recommended. The study examines and assesses several geographical characteristics that have been necessary for the industrial development are studied and identified. One of the key findings of this study is that the site of an industrial development directly affects the community and can have both positive and negative effects. As a result, it is essential to allocate location attributes for industrial development carefully. According to this study, it is major to consider a variety of factors, including infrastructure, a skilled and semi-skilled labor force, availability of land, safety and security, new technology, research center, effective laws and policies, accessibility to markets, financial viability, and environmental sustainability, when choosing a location for industrial development. The study's conclusion emphasizes the necessity for a holistic approach for developing industrial areas that takes into account the interaction between location attributes and their effects on economic, social, and environmental issues.