Industry Odisha Bureau, Jul 8: In a bid to develop 100 ‘plug-and-play industrial parks’ across India as well as designed to create ‘investment-ready industrial ecosystems’ that could enable to start operations quickly without procedural delays, the Government of India (GoI) has reportedly launched a flagship scheme named Bharat Audyogik Vikas Yojana (BHAVYA).
It has reportedly been claimed that, “BHAVYA aims to transform India’s industrial landscape by providing modern, ready-to-use industrial parks that attract investment, enhance manufacturing capacity, and generate employment, thereby supporting the vision of a self-reliant and industrially advanced India.”
As per media reports, “The BHAVYA is a Central Sector Scheme approved by the Union Cabinet with a financial outlay of ₹33,660 crore for a period of six years, i.e. from fiscal year 2026-27 (FY27) to fiscal year 2031-32 (FY32).”
It has also been reported that, “the BHAVYA scheme will be implemented by the National Industrial Corridor Development Corporation (NICDC) under the Department for Promotion of Industry and Internal Trade (DPIIT) in partnership with the State Governments and private sector players.”
So far BHAVYA’s objectives are concerned, they are reportedly “to develop world-class industrial infrastructure to attract domestic and global investors, to facilitate ease of doing business by providing pre-approved land, utilities and clearances, to promote manufacturing-led economic growth and strengthen domestic supply chains along with improving integration with global value chains, to generate large-scale employment and investment opportunities, and to revive legacy industrial clusters through technology and infrastructure modernization.”
It has reportedly been claimed that, the BHAVYA scheme’s 100 plug-and-play industrial parks across India include:
“Pre-approved land, internal roads, drainage, utilities, ready-built factory sheds, testing labs, and worker housing”.
“The Government will provide up to Rs 1 crore per acre for core infrastructure and fund up to 25% of external connectivity costs”.
“Parks will range from 100 to 1,000 acres, ensuring flexibility for different industrial needs”.
“Projects will be selected based on investment readiness and reform-oriented proposals from states, UTs, and private developers”.
“Ensured multimodal connectivity, efficient logistics, and integrated underground utility corridors”.
