BHAVYA PLAN FOR INDUSTRIAL PARKS

NEWS: Cabinet Approves ₹33,660 Cr BHAVYA Plan for Industrial Parks

ABOUT

The Union Cabinet has approved:

• Bharat Audyogik Vikas Yojana (BHAVYA)
• Total allocation: ₹33,660 crore
• Aim: Develop 100 industrial parks across India by 2032

Key Objective of BHAVYA Scheme

• Create “future-ready” industrial parks
• Promote: Manufacturing growth, Industrial infrastructure
• Focus on: Efficiency, Productivity, Ease of doing business

‘Plug-and-Play’ Industrial Parks

• Ready-to-use infrastructure: Land, Power, Water, Connectivity
• Industries can: Start operations immediately
• Reduces: Time, Cost, Regulatory delays

Key Features

• Single-window clearance system
• Deregulation measures
• Investor-friendly policies
• Improve Ease of Doing Business (EoDB)

Expected Benefits

• Economic Growth: Boost to: Manufacturing sector, Exports
• Creation of: Jobs in industrial sector, Infrastructure Development
• Improved Industrial ecosystemà Regional Development
• Focus on: Balanced growth (including NE & hilly areas)