The Central Government has launched the BHAVYA Scheme to develop 100 industrial parks across India and boost the manufacturing sector. Union Commerce Minister Piyush Goyal announced that the project will receive ₹33,660 crore in funding. The BHAVYA Scheme aims to create modern industrial hubs with ready-to-use infrastructure for businesses.
Under the plan, the government will build parks in partnership with state governments through a plug-and-play model. Companies will get land, roads, electricity, water supply, warehouses, and other facilities before starting operations. Officials believe this approach will attract investments and generate large-scale employment.
The first phase will invite applications for 20 parks, followed by another 30 parks. The remaining 50 parks will come up in later stages. Each industrial park may spread across 100 to 1,000 acres. Maharashtra, Rajasthan, Haryana, and West Bengal have already shown interest in the scheme
