Context
The Union Government recently issued guidelines for the implementation of the BHAVYA (Bharat Audyogik Vikas Yojna) Scheme aimed at developing industrial parks across the country.
About BHAVYA (Bharat Audyogik Vikas Yojna)
- BHAVYA (Bharat Audyogik Vikas Yojna) is a Central Sector Scheme aimed at promoting world-class industrial ecosystems across India.
- The scheme seeks to strengthen initiatives such as Make in India and PM Gati Shakti through integrated manufacturing zones with plug-and-play infrastructure and multimodal connectivity.
- It focuses on developing investment-ready industrial infrastructure supported by reliable utilities, digital governance systems, worker amenities, and sustainable features.
- Under the scheme, 100 industrial parks are proposed to be developed over a six-year period from 2026–27 to 2031–32.
- Both greenfield and eligible brownfield projects are included under the scheme.
- 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 at least 25 acres.
- Implementation of the scheme will be carried out through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013.
