Cabinet okays ₹33,660-cr. BHAVYA plan for 100 industrial parks by 2032

GOVERNANCE – POLICY

19 MARCH 2026

• The Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of ₹33,660 crore for the development of 100 ‘plug-and-play’ industrial parks across the country.
• The scheme’s duration would be for six years starting 2026-27.
• The first phase would see 50 parks being set up.
• The aim was to create 100 “future ready” industrial parks integrated with the PM GatiShakti to make use of the latter’s multi-modal connectivity and last-mile access.
• “These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies and enhancing productivity across sectors,” the government said.
• The minimum land need for the parks would be 100 acre in most cases, and 25 acre for industrial parks in hilly or North Eastern States. The maximum size is 1,000 acre.
• While the Union government will provide up to ₹1 crore per acre, the scheme is meant to involve State governments as well as the private sector.