The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA) with a financial outlay of ₹33,660 crore. This scheme aims to establish 100 plug-and-play industrial parks across India to accelerate industrial growth, enhance manufacturing competitiveness, and generate significant employment opportunities.
| Aspect | Details |
|---|---|
| Objective | To develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story |
| Outlay | ₹33,660 crore |
| Basis/Gensis | Builds on success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) |
| Implementation Mode | To be implemented in partnership with States and private sector players |
| Implementing Agency | National Industrial Corridor Development Corporation Limited (NICDC), under DPIIT, Ministry of Commerce & Industry |
| · NIDC is spearheading the development of world-class greenfield industrial smart cities to enhance manufacturing competitiveness, attract investments, and generate employment. | |
| · NICDC is currently implementing 20 projects across 13 states. | |
| Key Provisions of BHAVYA Scheme | |
| Ease of Doing Business | Strong push for deregulation; streamlined approvals; effective single-window systems; investor-friendly reforms led by States |
| Plug-and-Play Ecosystem | Enabling industries to move from intent to production with speed and certainty with: |
| · Pre-approved land | |
| · Ready infrastructure, and integrated services | |
| · Reduced entry barriers for investors | |
| Industrial Park Size | Parks ranging from 100 to 1000 acres will be taken up for development |
| Financial Support | Up to Rs.1 crore per acre will be provided for: |
| · Core infrastructure (internal roads, underground utilities, drainage, common treatment facilities, ICT and administrative systems) | |
| · Value-added infrastructure (ready-built factory sheds, built-to-suit units, testing labs, warehousing) | |
| · Social infrastructure (worker housing and support amenities) | |
| Support for external infrastructure: Up to 25% of the project cost, ensuring seamless connectivity and integration with existing networks. | |
| Project selection | It will be undertaken through a challenge mode, ensuring that only high-quality, reform-oriented and investment-ready proposals are taken forward. |
| Futuristic and Sustainable Ecosystems | The industrial parks will be designed as futuristic and sustainable ecosystems: |
| · Aligned with the PM GatiShakti Principles to enable seamless multimodal connectivity and efficient last-mile access | |
| · Green energy and sustainable resource use with integrated underground utility corridors enabling a no-dig environment for efficient maintenance and uninterrupted industrial operations | |
| Beneficiaries of the scheme | · Primary beneficiaries: Manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure |
| · Secondary beneficiaries: Workers, logistics providers, service sector enterprises, and local communities | |
| Socio-economic Impact of BHAVYA Scheme | · Job Creation: Expected to drive large-scale job creation, generating substantial direct and indirect employment across manufacturing, logistics, and services, while catalysing significant investments. |
| · Balanced Regional Development: It will extend to all States and UTs, creating lakhs of employment opportunities across the country and accelerating industrial growth nationwide. | |
| · Strengthen domestic supply chains: It will strengthen domestic supply chains and promote regional industrialization by fostering cluster-based development and enabling co-location of industries, suppliers, and service providers |