Bharat Audyogik Vikas Yojna (BHAVYA) for developing 100 plug-and-play industrial parks across the country.
Under the scheme, industrial parks ranging from 100 to 1000 acres will be taken up for development. Financial support of up to Rs one crore per acre will be provided for core infrastructure such as roads, value-added infrastructure including ready-built factory sheds, testing labs and warehousing, and social infrastructure which refers to worker housing and support amenities.
Support for external infrastructure will also be provided up to 25% of the project cost, ensuring seamless connectivity and integration with existing networks, the government said.
“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 commerce and industry ministry said in a statement.
Primary beneficiaries of the scheme would be manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure while workers, logistics providers, service sector enterprises, and local communities would be the secondary beneficiaries, it said.BHAVYA will be implemented in partnership with states and private sector players and it builds on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework.
The industrial parks will be designed as futuristic and sustainable ecosystems. As per the government, green energy and sustainable resource use with integrated underground utility corridors enabling a no-dig environment for efficient maintenance and uninterrupted industrial operations.
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“These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies, and enhancing productivity across sectors,” the ministry said.
As per the government, BHAVYA is expected to drive large-scale job creation, generating substantial direct and indirect employment across manufacturing, logistics, and services, while catalysing significant investments.
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, according to the ministry.
