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"industrial development" is a perfectly correct and usable phrase in written English.
For example, you could use the phrase in a sentence such as: "The city is investing heavily in industrial development as part of its economic growth plan."
Exact(54)
Rapid industrial development followed.
Industrial development has been curtailed.
Early industrial development was slow.
Rapid industrial development started in the 1930s.
The 19th century saw rapid industrial development.
Its slight industrial development includes a tannery.
Similar(6)
"Industrial Development in Docklands - Organisation.
Industrial Development Authority, $75 million refunding bonds.
Northside Industrial Development Authority, Texas, $55 million of debt securities.
Hillsboro County Industrial Development Authority, Fla., $200 million debt securities.
The Industrial Development Agency also issued $16.5 million in bonds.
More suggestions(15)
industry's development
industrial opportunities
industrial developments
industrial scale development
industrial communities
industrialization development
industry development
industrial policies
industrial states
industries development
industrial businesses
industrial settlements
industrial industries
industrialized development
industrial markets
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com