The development of industrial parks as a constructive channel of industrial infrastructure has attracted the attention of policymakers in recent years as they can develop certain synergies and a typical entrepreneurial culture in the industrial economy of any country. At their best, industrial parks align infrastructure provision and agglomeration economies to jolt industrial growth. Local communities embracing the concept of industrial parks are looking for some additional benefits such as higher economic efficiency, higher competitiveness, generation of additional revenues through positive relations at the community level, creation of jobs, solving the conflict between economy and environment, diminishing the demand on the country infrastructure, decreasing the effects of pollution, and using energy from regenerating sources and replacement materials. It is in the context, the paper attempts to explore the economic imperative of industrial parks with particular reference to its impact on regional economic development.