Summary:

Operational instructions for the Bharat Audyogik Vikas Yojna (BHAVYA), a project to build 100 top-notch industrial parks around India, have been announced by the Department for Promotion of Industry and Internal Trade (DPIIT). The Union Cabinet approved the plan, which will cost ₹33,660 crore (US$3.53 billion) between FY27 and FY32. By building investment-ready hubs with plug and-play infrastructure, multimodal logistics, dependable utilities, digital governance systems, and sustainable characteristics, it seeks to fortify India's manufacturing environment. A competitive approach based on infrastructure, connectivity, ecological strength, and sustainability will be used in phase one to choose up to 50 parks. It will be executed through SPVs with NICDC as the project management agency, supporting investment, employment, and industrial expansion throughout India. It is in line with Make in India and PM Gati Shakti.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.