BHAVYA: ₹33,660 Crore Scheme to Build 100 Plug-and-Play Industrial Parks Across India

Key facts

• Bharat Audyogik Vikas Yojna (BHAVYA) is a ₹33,660 crore initiative approved by the Cabinet in March 2026 and notified on 10 April 2026 to develop 100 plug-and-play industrial parks across India.
• BHAVYA provides financial assistance of up to ₹1 crore per acre for developing industrial parks, with up to 25% of approved funding allowed for external infrastructure such as road, rail, and last-mile logistics connectivity.
• The scheme will be implemented over six years from FY2026-27 to FY2031-32, with up to 50 parks selected in the first phase through a challenge mode across two selection rounds; each park will span 25 to 1,000 acres and projects will be managed through Special Purpose Vehicles (SPVs).
• The BHAVYA Portal was launched in June 2026 for project submission, appraisal, evaluation, and a transparent, competitive selection process.
• India's manufacturing sector contributes about 16-17 percent of GDP and employs over 27 million workers; the National Manufacturing Mission aims to raise this share to 25 percent by 2035.
• As of February 2026, India had 370 notified SEZs that attracted investments worth ₹7.82 lakh crore and generated employment for over 31.7 lakh people.
• India currently has 260 plug-and-play industrial parks, and ₹2,500 crore was allocated for their development in the Union Budget 2025-26.
• In July 2026, the Government approved the BHAVYA-Rasayan Scheme for three Chemical Parks providing common facilities and environmental safeguards for chemical manufacturing.
• Dholera Special Investment Region in Gujarat has 495 acres allotted across 11 plots, with investment potential of ₹97,328 crore and employment potential of over 6,000 jobs, including land for Tata Electronics' semiconductor facility and Renew Power's solar module manufacturing plant.