Delhi, March 18: In a landmark step towards accelerating industrial growth, the Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of Rs 33,660 crore for developing 100 plug-and-play industrial parks across the country.
The scheme aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story.
Building on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework, BHAVYA will be implemented in partnership with states and private sector players.
At the heart of BHAVYA lies a strong push for deregulation and ease of doing business, with streamlined approvals, effective single-window systems, and investor-friendly reforms led by states.
The scheme will deliver plug-and-play industrial ecosystems, enabling industries to move from intent to production with speed and certainty. With pre-approved land, ready infrastructure, and integrated services, BHAVYA will significantly reduce entry barriers for investors.
Under the scheme, industrial parks ranging from 100 to 1000 acres will be taken up for development. Financial support of 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); and support for external infrastructure will also be provided up to 25% of the project cost, ensuring seamless connectivity and integration with existing networks.
Project selection will be undertaken through a challenge mode, ensuring that only high-quality, reform-oriented and investment-ready proposals are taken forward.
Aligned with the PM GatiShakti Principles, the industrial parks will be designed as futuristic and sustainable ecosystems to enable seamless multimodal connectivity and efficient last-mile access.
Green energy and sustainable resource use with integrated underground utility corridors will enable a no-dig environment for efficient maintenance and uninterrupted industrial operations
These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies, and enhancing productivity across sectors.
BHAVYA is expected to drive large-scale job creation, generating substantial direct and indirect employment across manufacturing, logistics, and services, while catalysing significant investments.
The scheme will extend to all States and Union Territories, creating lakhs of employment opportunities across the country and accelerating industrial growth nationwide.
By fostering cluster-based development and enabling co-location of industries, suppliers, and service providers, BHAVYA will strengthen domestic supply chains, promote regional industrialization, and create new opportunities for millions of people.
The scheme will benefit manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure primarily. Secondary beneficiaries include workers, logistics providers, service sector enterprises, and local communities.
