Indian Economy News

DPIIT issues operational guidelines for 100 world-class industrial parks under BHAVYA

The Department for Promotion of Industry and Internal Trade (DPIIT) has released operational guidelines for implementing the Bharat Audyogik Vikas Yojna (BHAVYA), a major initiative aimed at developing 100 world-class industrial parks across India. The scheme, approved by the Union Cabinet, has a financial outlay of Rs. 33,660 crore (US$ 3.53 billion) and will be implemented between FY27 and FY32. Designed to strengthen India’s manufacturing ecosystem, BHAVYA seeks to create investment-ready industrial hubs equipped with plug-and-play infrastructure, multimodal logistics connectivity, reliable utility services, digital governance systems and sustainable development features. In the first phase, up to 50 industrial parks will be selected through a challenge-based competitive process, with proposals evaluated on infrastructure quality, connectivity, industrial ecosystem strength, digital readiness and long-term sustainability. The scheme supports both greenfield and eligible brownfield projects and is aligned with the objectives of Make in India and Prime Minister Gati Shakti National Master Plan (PM Gati Shakti).

The guidelines provide a comprehensive framework covering project selection, funding mechanisms, governance structures and monitoring systems. Industrial parks will be developed through Special Purpose Vehicles (SPVs) incorporated under the Companies Act, 2013, with the National Industrial Corridor Development Corporation (NICDC) serving as the Project Management Agency. The scheme encourages the development of integrated industrial ecosystems featuring worker housing, testing laboratories, renewable energy infrastructure, common treatment facilities and digital single-window systems. Minimum land requirements have been set at 100 acres for non-hilly states and 25 acres for hilly and northeastern states, while larger parks of up to 1,000 acres may also be considered. Through enhanced ease of doing business, streamlined approvals and world-class infrastructure, BHAVYA is expected to attract substantial domestic and foreign investment, strengthen supply chains, support manufacturing growth and generate large-scale employment opportunities across the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.