The government on Wednesday approved Rs 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 plug-and-play industrial parks across the country.
The scheme — cleared by the Union Cabinet on Wednesday — aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story, Information and Broadcasting Minister Ashwini Vaishnaw said while briefing reporters on Cabinet decisions.
Under the scheme, industrial parks ranging from 100 to 1,000 acres will be taken up for the development with financial support of up to Rs 1 crore per acre. These parks will have core infrastructure like internal roads, underground utilities, drainage, common treatment facilities, ICT and administrative systems, Vaishnaw said.
There would be ready-built factory sheds, built-to-suit units, testing labs, warehousing and social infrastructure, including houses for workers.
Vaishnaw said the support for external infrastructure will also be provided up to 25 per cent of the project cost, while project selection will be undertaken through a challenge mode, ensuring that only high-quality, investment-ready proposals are taken forward.
Building on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework, Vaishnaw said BHAVYA will be implemented in partnership with states and private sector players.
With pre-approved land, ready infrastructure, and integrated services, BHAVYA will significantly reduce entry barriers for investors, he added.
The BHAVYA scheme is expected to generate large-scale employment, creating significant direct and indirect job opportunities across manufacturing, logistics, and services while attracting substantial investments, said the Minister, adding that it will be implemented across all states and Union Territories.
The National Industrial Corridor Development Corporation Limited (NICDC), under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, 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.
