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Union Commerce Minister Piyush Goyal recently announced the launch of guidelines for the BHAVYA Scheme under which the Centre plans to develop 100 industrial parks across the country.

The scheme carries a financial outlay of ?33,660 crore and aims to create manufacturing and investment hubs through plug-and-play industrial parks in partnership with state governments.

Key Objectives

• Develop 100 investment-ready, world-class industrial parks over six years (2026–27 to 2031–32)
• Support Make in India and PM GatiShakti by creating integrated manufacturing zones
• Promote cluster-based industrial development, enabling manufacturers, suppliers, and service providers to operate in proximity — strengthening domestic supply chains and employment

Rollout Plan

• Applications for 20 parks will be invited in the first two months, followed by another 30 parks in the next two months, while the remaining 50 parks will be taken up in a subsequent phase. Goyal expects 50 parks to be operationalised within three years.

Financial Support

• Industrial parks will range from 100 to 1,000 acres, with financial assistance of up to ?1 crore per acre for infrastructure development. Support will cover internal roads, underground utilities, drainage systems, common treatment facilities, warehousing, testing labs, and worker housing.
• For proposals involving private sector partnerships, the Centre would provide assistance of ?50 lakh per acre. External infrastructure support of up to 25% of the project cost has also been proposed to improve connectivity with transport and logistics networks.

Implementation Framework

• The parks will be developed under the National Industrial Corridor Development Programme (NICDP) framework in partnership with states and private sector players. The National Industrial Corridor Development Corporation (NICDC), under DPIIT, will anchor implementation.
• States are required to set up Special Purpose Vehicles (SPVs) under the Companies Act, 2013, notify planning authorities, and establish single-window clearance systems for faster approvals.

Project Selection

Project selection will be carried out through a challenge-based process focused on investment-ready and reform-oriented proposals. States offering better facilities such as land, water, and power are likely to attract more investors. Rajasthan, Maharashtra, West Bengal, and Haryana have already shown interest.

Special Provisions

• Hilly states, NE states, UTs, and smaller states: Minimum land requirement reduced to 25 acres (vs. 100 acres for other states)
• Eligible for both greenfield and brownfield industrial parks
• Parks aligned with PM GatiShakti National Master Plan for multimodal connectivity and last-mile access
• Provisions for green energy and sustainable resource use

Significance

The BHAVYA Scheme is positioned as a major ease-of-doing-business initiative, providing pre-approved land, ready infrastructure, and integrated services to help industries begin operations faster — directly boosting India's manufacturing competitiveness and investment attractiveness.