BHAVYA Industrial Parks Scheme (Bharat Audyogik Vikas Yojana)

Why in News?

The Union Commerce and Industry Minister recently chaired the Board of Trade meeting in New Delhi, urging States to prioritise exports, effectively implement the BHAVYA Industrial Parks Scheme, and strengthen India’s export competitiveness through coordinated efforts between the Centre, States, and industry. The Bharat Audyogik Vikas Yojana (BHAVYA) is a flagship Central Sector Scheme launched by the Department for Promotion of Industry and Internal Trade (DPIIT) to develop 100 world-class, investment-ready industrial parks across the country.

The scheme is a major step towards transforming India into a globally competitive manufacturing hub by creating integrated industrial infrastructure that supports Make in India, PM Gati Shakti, and the vision of Viksit Bharat 2047.

Key Features of the BHAVYA Industrial Parks Scheme

The BHAVYA Industrial Parks Scheme has a total financial outlay of approximately ₹33,660 crore and will be implemented over six years (2026–27 to 2031–32). It supports the development of both greenfield and eligible brownfield industrial parks.

The minimum land requirement is 100 acres for non-hilly states and 25 acres for hilly states, Northeastern states, Union Territories, and smaller states. In the first phase, up to 50 industrial parks will be selected through a challenge-based evaluation considering factors such as connectivity, site suitability, infrastructure quality, industrial ecosystem, policy support, digital readiness, and sustainability.

The industrial parks will feature plug-and-play infrastructure, multimodal logistics connectivity, uninterrupted power and water supply, underground utilities, common effluent treatment plants (CETPs), testing laboratories, worker housing, renewable energy systems, and digital single-window clearance mechanisms, making them globally competitive investment destinations.

Implementation and Significance

Projects under the scheme will be implemented through Special Purpose Vehicles (SPVs) constituted under the Companies Act, 2013, while the National Industrial Corridor Development Corporation (NICDC) will function as the Project Management Agency responsible for implementation and monitoring.

The BHAVYA Scheme is expected to attract substantial domestic and foreign investment, reduce approval and land acquisition delays, strengthen manufacturing supply chains, generate employment, increase exports, and improve India’s integration into Global Value Chains (GVCs). It will also complement India’s expanding manufacturing ecosystem, including sectors such as defence, electronics, semiconductors, renewable energy, automobiles, and advanced manufacturing.

Important Facts for Exams

• BHAVYA stands for Bharat Audyogik Vikas Yojana.
• It is a Central Sector Scheme implemented by the Department for Promotion of Industry and Internal Trade (DPIIT).
• The scheme aims to develop 100 investment-ready industrial parks across India.
• Total outlay: Approximately ₹33,660 crore.
• Implementation period: 2026–27 to 2031–32.
• Supports both greenfield and eligible brownfield industrial parks.
• Minimum land requirement: 100 acres (non-hilly states) and 25 acres (hilly states, Northeastern states, Union Territories, and smaller states).
• NICDC serves as the Project Management Agency, while projects are executed through Special Purpose Vehicles (SPVs).
• The scheme aligns with Make in India, PM Gati Shakti, Atmanirbhar Bharat, and the vision of Viksit Bharat 2047.
• BHAVYA aims to enhance manufacturing, exports, employment generation, and integration with Global Value Chains (GVCs).