The Union cabinet has approved a new scheme called Bharat Audyogik Vikas Yojna (BHAVYA) with a total outlay of ₹33,660 Cr to set up 100 “plug-and-play” industrial parks across India. With the scheme, the Union government intends to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story.
With support from states and private players, the scheme would see the development of the aforementioned parks which would be sized in a range of 100-1,000 acres. The government will be providing a financial support of ₹1 Cr per acre for the following purposes:
It will also fund up to 25% of the cost for external infrastructure such as connectivity.
The scheme will also help in cutting bureaucratic hurdles by building a single-window system for getting faster approvals. It will also push cluster-based development, where manufacturers, suppliers and service providers operate in the same area.
BHAVYA builds on earlier projects under the National Industrial Corridor Development Programme, implemented by National Industrial Corridor Development Corporation.
The move comes amid a wider push by the government to scale up manufacturing and reduce import dependence. Flagship programmes such as the production-linked incentive (PLI) scheme, with an outlay of ₹1.97 Lakh Cr, are already helping up scale domestic manufacturing capabilities.
In parallel, newer initiatives announced in the Union Budget 2026-27 also offer a greater push to deepen India’s manufacturing prowess.
These include the expansion of electronics manufacturing incentives to ₹40,000 Cr, a ₹40,000 Cr push under the India Semiconductor Mission 2.0, and schemes for container manufacturing, rare earths and capital goods.
The government is also targeting seven key sectors, including semiconductors, biopharma, electronics, chemicals and textiles, as part of a broader strategy to strengthen supply chains and boost exports.
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