Why industrial induction motor star point not grounded?

In any electrical system, we limit the neutral grounding to 1 or 2 locations at the power source, eg, the star-points of generators or transformers. By keeping the grounded neutrals at the power source, earth leakage current will be flowing radially from the power source to the point of short-circuit at downstream. In this way the direction of earth fault current flow can be easily identified and the earth fault protection relays in the distribution system can easily be coordinated.

Grounding a motor star point will create an earth path for earth leakage current to flow through that motor's star point. If there are 10 motors in a process plant and their star points are all grounded, there are 10 additional paths for earth leakage currents to flow through.
If all the motors' star points are grounded in this way the earth fault current detections by the protection relays will be complicated and likely they will trip at the incorrect locations because earth fault currents are flowing in many directions toward multiple grounded neutral points.

Therefore the electrical consumers (ie the load, including the capacitor banks), even if they are star connected, are not to be grounded.

Grounding of neutral point is not being decided base on the presence of unbalance loads. It is decided for safety reason and for earth fault protection requirement. Unbalance 3-phase load will result in some current flowing through the neutral conductor but it doesn't result in a (residual) current flowing through the neutral-ground connection.

Motor is a balanced 3-phase load, this I agree. However when the system supply voltage is unbalanced caused by unbalanced loads somewhere else or due to network conductors problem, the motor operating under unbalance voltage will result in unbalance current in the 3 windings. The same is true for the generator windings under that condition. The design engineer may then decide that individual machines should be fixed with negative phase sequence current protection.

Even if there is a neutral voltage shift in the induction motor, we should not ground the motor's neutral point. If you ground it, it may create nuisance trip of earth fault protection relays (the motor's EF relay, upstream EF relays, or the EF relay connected to transformer's neutral-ground CT).

I am sure in reality, there is some neutral voltage shift in motor's star point. However, there is no harm with that.

If you ground the star point, you still will not get rid of the unbalance current/voltage from the motor windings. There the negative sequence current is still present in the motor winding.
If you think an unbalance voltage supply is causing problem to the motors, you should solve the unbalance voltage problem elsewhere, not by grounding the motor's star point.