THEBUSINESSBYTES
BUREAU
NEW
DELHI, MARCH 18, 2026
In a landmark step
towards accelerating industrial growth, the Union Cabinet chaired by the Prime
Minister Narendra Modi has 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.
Laying a strong
industrial foundation for Viksit Bharat, the ambitious initiative builds on the
success of Industrial Smart Cities developed under the National Industrial
Corridor Development Programme (NICDP) framework and will be implemented in
partnership with states and private sector players. By integrating modern
infrastructure with policy support, BHAVYA is positioned to catalyse a new era
of manufacturing-led growth, fostering jobs, investments, and opportunities at
scale.
At the heart of
BHAVYA lies a decisive push towards deregulation and ease of doing business,
ensuring a seamless transition from approvals to operations. With streamlined
approvals, robust single-window systems, and investor-friendly reforms driven
by states, the scheme will deliver plug-and-play industrial ecosystems that
allow industries to move swiftly from intent to production. Pre-approved land,
ready infrastructure, and integrated services are set to significantly reduce
entry barriers for investors and enhance project execution timelines.
Under the scheme,
industrial parks ranging from 100 to 1000 acres will be developed with
financial support of up to Rs. one crore per acre. This will cover core
infrastructure such as internal roads, underground utilities, drainage systems,
common treatment facilities, ICT networks, and administrative systems,
alongside value-added infrastructure including ready-built factory sheds,
built-to-suit units, testing laboratories, and warehousing. Social infrastructure,
including worker housing and essential support amenities, will also be integral
to these developments. Additionally, support for external infrastructure of up
to 25 per cent of project cost will ensure seamless connectivity and
integration with existing transport and logistics networks.
Project selection
under BHAVYA will be undertaken through a challenge mode, ensuring that only
high-quality, reform-oriented, and investment-ready proposals are taken
forward. The industrial parks are envisioned as future-ready, sustainable
ecosystems aligned with PM GatiShakti principles, enabling multimodal
connectivity and efficient last-mile access. With a strong focus on green
energy and sustainable resource use, these parks will feature integrated
underground utility corridors, creating a no-dig environment that ensures
efficient maintenance and uninterrupted industrial operations.
The scheme is
expected to drive large-scale job creation by generating substantial direct and
indirect employment across manufacturing, logistics, and services, while also catalysing
significant investments. Extending across all States and Union Territories,
BHAVYA is poised to create lakhs of employment opportunities and accelerate
industrial growth nationwide.
By fostering
cluster-based development and enabling co-location of industries, suppliers,
and service providers, the scheme will strengthen domestic supply chains,
promote balanced regional industrialisation, and unlock new opportunities for
millions. It will directly benefit manufacturing units, MSMEs, startups, and
global investors seeking ready-to-use industrial infrastructure, while also
supporting workers, logistics providers, service enterprises, and local
communities.
