The Union Cabinet, chaired by the Prime Minister, has approved the Bharat Audyogik Vikas Yojna (BHAVYA) to usher in a new era of plug-and-play industrial development in the country. The scheme aims to provide ready-built industrial infrastructure with pre-approved clearances, enabling industries to commence operations in a time-bound and efficient manner.
Salient Features:
- Development of plug-and-play industrial parks with world-class infrastructure
- Availability of pre-cleared land and statutory approvals
- Provision of common utilities and trunk infrastructure
- Promotion of integrated industrial townships
- Focus on ease of doing business and reducing compliance burden
Objectives:
- Accelerate industrialization and manufacturing growth
- Attract domestic and foreign investments
- Generate employment opportunities
- Enhance India’s competitiveness as a global manufacturing hub
- Implementation Mechanism:
The scheme will be implemented through close coordination between Central Ministries, State Governments, and private sector stakeholders. It will support the development of modern industrial ecosystems with efficient logistics and sustainable infrastructure.
Impact:
BHAVYA is expected to significantly reduce project gestation periods, improve infrastructure readiness, and facilitate faster establishment of industries, thereby contributing to economic growth and job creation.