Recently, the Central Government announced the launch of guidelines for the BHAVYA (Bharat Audyogik Vikas Yojana) Scheme, a major initiative aimed at strengthening India's manufacturing ecosystem through the development of world-class industrial infrastructure.
About the BHAVYA Scheme
The BHAVYA (Bharat Audyogik Vikas Yojana) Scheme is a Central Sector Scheme designed to create investment-ready, world-class industrial parks across the country. The initiative seeks to establish integrated manufacturing zones equipped with modern infrastructure and efficient logistics systems to attract both domestic and foreign investments.
The scheme primarily focuses on developing plug-and-play industrial ecosystems, which provide ready-to-use facilities for industries. These ecosystems will include multimodal logistics connectivity, reliable utility services, worker-support infrastructure, digital governance mechanisms, and sustainable development features, thereby reducing operational costs and improving ease of doing business.
Objectives and Targets
Under the scheme, the government aims to develop 100 industrial parks across India. The programme will be implemented over a period of six years, from 2026–27 to 2031–32, with the objective of promoting industrial growth, boosting manufacturing competitiveness, and generating employment opportunities.
Key Features of the Scheme
The BHAVYA Scheme has been designed to complement flagship initiatives such as Make in India and PM Gati Shakti by creating integrated manufacturing hubs supported by efficient transportation networks and modern infrastructure. It emphasizes the creation of investment-ready industrial zones that can facilitate rapid establishment and expansion of industries.
The scheme provides for the development of both greenfield industrial parks, which are built on undeveloped land, and eligible brownfield industrial parks, which involve the modernization or expansion of existing industrial areas.
To ensure adequate scale and viability, the minimum land requirement has been fixed at 100 acres for non-hilly states, while hilly states, Northeastern states, Union Territories, and smaller states require a minimum of 25 acres.
Implementation Mechanism
The implementation of the scheme will be carried out through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013. These SPVs will be responsible for planning, developing, managing, and maintaining the industrial parks in accordance with the scheme guidelines.
Significance of the Scheme
The BHAVYA Scheme represents a significant step towards transforming India into a global manufacturing hub. By providing world-class industrial infrastructure, seamless logistics connectivity, and sustainable development features, the scheme is expected to attract greater investments, enhance industrial productivity, strengthen supply chains, and contribute to the country's long-term economic growth and employment generation.
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In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
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