INFRASTRUCTURE
Rs 33,660-crore BHAVYA set to power over 100 industrial parks
- IBJ Bureau
- Mar 19, 2026
In a major push to boost manufacturing and industrial growth, the Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA) with an outlay of Rs 33,660 crore.
The scheme aims to develop 100 plug-and-play industrial parks across India, offering ready infrastructure to investors and businesses.
The BHAVYA scheme is designed to create world-class industrial ecosystems and accelerate India’s journey towards becoming a global manufacturing hub.
Building on the success of industrial smart cities developed under the National Industrial Corridor Development Programme (NICDP), the new initiative will be implemented in collaboration with State governments and private players.
A key highlight of the scheme is its focus on ease of doing business. With streamlined approvals, single-window clearances and investor-friendly reforms, BHAVYA aims to help companies move from planning to production faster.
The plug-and-play model ensures pre-approved land, ready utilities and integrated services, significantly reducing entry barriers for both domestic and global investors.
Under the plan, industrial parks ranging from 100 to 1,000 acres will be developed.
The government will provide financial support of up to Rs 1 crore per acre for core infrastructure, such as roads, utilities and drainage, along with value-added facilities, like factory sheds, testing labs and warehousing.
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