Cabinet approves ₹33,660 crore BHAVYA scheme for 100 new industrial parks by 2032

The Union Cabinet on Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of ₹33,660 crore, for the development of 100 ‘plug-and-play’ industrial parks across the country. 

The aim of the scheme is to create 100 “future ready” industrial parks that will integrate with the PM GatiShakti programme so that they can avail of that programme’s multi-modal connectivity and last-mile access.

“These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies, and enhancing productivity across sectors,” the government said in a release. 

According to Department for Promotion of Industry and Internal Trade Secretary Amardeep Singh Bhatia, the scheme duration would be for six years starting in 2026-27. The first phase of development would see 50 parks being set up. 

The minimum land required for the parks would be 100 acres in most cases, and 25 acres for industrial parks in hilly or North Eastern states. The maximum size under the scheme is 1,000 acres.

While the Central government will provide funding of up to Rs 1 crore per acre, the scheme is meant to include the involvement of the respective State governments as well as the private sector. 

“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 government said.