Introduction

Bharat Audyogik Vikas Yojna (BHAVYA) aims to develop 100 plug-and-play industrial parks to promote manufacturing, investment and employment in India.

Key Features

• Outlay: ₹33,660 crore; implementation period 2026–27 to 2031–32.
• Coverage: Supports up to 100 industrial parks, with the first phase covering up to 50 parks.
• Plug-and-play model: Provides pre-developed land, roads, electricity, water, drainage and common facilities.
• Financial assistance: Up to ₹1 crore per acre for eligible infrastructure.
• Implementation: Partnership between the Centre, state governments and private developers.
• Worker welfare: Includes housing, healthcare and skill development facilities.

Significance

• Reduces the cost and time required to establish industries.
• Attracts domestic and foreign investment.
• Supports MSMEs, start-ups and manufacturing firms.
• Generates employment and promotes regional industrial development.
• Strengthens supply chains and improves industrial competitiveness.

Challenges

• Land acquisition and environmental clearances.
• Coordination among governments and developers.
• Ensuring adequate infrastructure utilisation and employment generation.

Conclusion

BHAVYA can accelerate India’s manufacturing-led growth by combining ready-to-use industrial infrastructure with investment facilitation, supporting the vision of Viksit Bharat 2047.