Collaboration and efficiency
Innovation and technology transfer
Skill development
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: d) All of the above.
Industrial parks and clusters provide infrastructure and support services to specific industries, promoting collaboration and efficiency, innovation and technology transfer, and skill development.
- Collaboration and efficiency: Industrial parks and clusters bring together businesses from the same industry, which allows them to collaborate on projects, share resources, and learn from each other. This can lead to increased efficiency and productivity.
- Innovation and technology transfer: Industrial parks and clusters can also foster innovation and technology transfer. Businesses in a cluster are often exposed to new ideas and technologies from their neighbors, which can help them to develop new products and services.
- Skill development: Industrial parks and clusters can also help to develop skills in the workforce. Businesses in a cluster often need to hire workers with specialized skills, which can lead to the development of new training programs and apprenticeships.
In addition to these benefits, industrial parks and clusters can also help to attract new businesses to an area, create jobs, and boost the local economy.