Why in the News
- The Union Cabinet has approved the Bharat Audyogik Vikas Yojana (BHAVYA) with an outlay of ₹33,660 crore to develop 100 plug-and-play industrial parks by 2032.
- The National Industrial Corridor Development Programme (NICDP) framework is the foundation for the BHAVYA (Bharat Audyogik Vikas Yojna) scheme. Approved on March 18, 2026, with a ₹33,660 crore outlay,
What is BHAVYA?
- A government scheme to create future-ready industrial parks across India
- Designed to provide:
- Ready infrastructure
- Seamless connectivity
- Focus on: Manufacturing competitiveness and investment
Key Features
1. Scale and Timeline
- Total parks: 100
- Duration: 6 years (starting 2026–27)
- First phase: 50 parks
2. Land Requirement
- Minimum:
- 100 acres (general)
- 25 acres (hilly and North Eastern states)
- Maximum: 1,000 acres
3. Funding Pattern
- Central Government:
- Up to ₹1 crore per acre
- Implementation:
- Joint effort of: Central government, State governments, and Private sector
4. Plug-and-Play Model
- Industrial units get:
- Pre-developed land
- Power, water, roads
- Logistics connectivity
5. Integration with National Infrastructure
- Linked with: PM GatiShakti
- Benefits:
- Multimodal connectivity (road, rail, ports)
- Efficient logistics
- Last-mile connectivity
6. Ease of Doing Business
- Features include:
- Single-window clearance systems
- Simplified approvals
- Investor-friendly policies
- State-led reforms
- Primary beneficiaries: Manufacturing units, MSMEs, startups, and global investors seeking ready-to-use industrial infrastructure
| [2016] Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in: (a) Andhra Pradesh (b) Gujarat (c) Maharashtra (d) Uttar Pradesh |
