To stay competitive, the Low- or Middle-Income Countries (LMICs) need to embrace Industry 4.0 and Logistics 4.0. This requires government-level interventions and policy-making to incentivize quality product solutions and drive innovation in traditionally resistant economic sectors. In this position paper, we support the establishment of Smart Industrial Parks (SIPs) with a focus on enhancing operational efficiencies and bringing together MSMEs and startups targeting niche clientele with innovative Industry 4.0 solutions. SIPs along with the phased deployment of well-planned robotic automation technologies shall enable bringing down India's untenable logistics costs. Toward the successful execution of SIPs, we are required to implement the efficient allocation of manufacturing resources and capabilities within SIPs. Thus, we emphasize the importance of efficient resource utilization, collaboration, and technology adoption in industrial parks to promote industrial development and economic growth. We advocate the use of a cloud-based cyber-physical system for real-time data access and analysis in SIPs. Such centralized cloud-based monitoring of factory floors, warehouses, and industrial units using IoT infrastructure shall improve decision-making, efficiency, and safety. Digital Twins (DTs), which are cyber-replicas of physical systems, could play a significant role in enabling simulation, optimization, and real-time monitoring of smart manufacturing and distributed manufacturing systems. However, there are several challenges involved in implementing DTs in distributed manufacturing systems, such as defining data schemas and collaboration protocols, ensuring interoperability, the need for effective authentication technology, distributed machine learning models, and scalability to manage multiple DTs.