Cabinet Approves BHAVYA Scheme: ₹33,660 Crore Plan to Build 100 Industrial Parks Across India

New Delhi | March 18, 2026

In a major push to accelerate industrial growth, the Government of India has approved the Bharat Audyogik Vikas Yojana (BHAVYA). The ambitious scheme will see an investment of ₹33,660 crore to develop 100 plug-and-play industrial parks across the country.

The initiative is expected to significantly boost manufacturing, attract global investments, and strengthen India's position as a global industrial hub.

What is the BHAVYA Scheme?

The BHAVYA scheme is an extension of the National Industrial Corridor Development Programme (NICDP) and aims to:

  • Create ready-to-use industrial infrastructure

  • Simplify investment processes

  • Promote public-private partnerships

The government is focusing on a single-window clearance system and faster approvals to ensure ease of doing business for investors.

 Key Features of the Scheme

 Industrial Parks

  • Total Parks: 100

  • Size Range: 100 to 1000 acres

  • Coverage: Across all states and union territories

 Financial Support

  • Up to ₹1 crore per acre assistance

  • Up to 25% support for external connectivity

 Infrastructure Development Focus

Core Infrastructure:

  • Internal roads

  • Underground utilities

  • Drainage systems

  • ICT-enabled administrative systems

Value-Added Infrastructure:

  • Ready factory sheds

  • Customized industrial units

  • Testing laboratories

  • Warehousing facilities

Social Infrastructure:

  • Worker housing

  • Essential support services

 Project Selection Process

Projects under the scheme will be selected through a “Challenge Mode”, ensuring only high-quality, investment-ready proposals are approved.

Who Will Benefit?

The scheme is designed to benefit a wide range of stakeholders:

 Primary Beneficiaries:

  • MSMEs

  • Startups

  • Manufacturing companies

  • Global investors

 Secondary Beneficiaries:

  • Logistics companies

  • Service sector businesses

  • Local communities

Employment & Economic Impact

According to the government, the BHAVYA scheme will:

  • Generate large-scale employment opportunities

  • Boost manufacturing output

  • Strengthen India's economic growth

  • Support the “Make in India” initiative

 Why This Scheme Matters

Modern industries prefer plug-and-play infrastructure, where everything—from land to utilities—is pre-ready.

The BHAVYA scheme addresses this demand by:

  • Reducing project setup time

  • Minimizing regulatory delays

  • Attracting faster investments

This positions India as a strong alternative in the global supply chain landscape.

 NEX NEWS ANALYSIS

According to NEX NEWS, the BHAVYA scheme marks a significant shift in India’s industrial strategy.

If executed effectively, it could:

  • Strengthen the MSME ecosystem

  • Accelerate manufacturing-led startups

  • Position India as a key player in the global “China+1” strategy

The BHAVYA scheme is more than just an infrastructure initiative—it is a strategic move toward transforming India into a global manufacturing powerhouse.

Its long-term impact will be visible in:

 Investment inflow
 Job creation

Industrial expansion