New Delhi: In a major economic push with an eye on jobs and global competitiveness, the Union Cabinet chaired by Narendra Modi has cleared a massive Rs 33,660 crore industrial scheme, signalling what the government calls a 'new era' in manufacturing-led growth.
The Bharat Audyogik Vikas Yojana (BHAVYA) aims to set up 100 plug-and-play industrial parks across the country - ready-to-use ecosystems where companies can move from investment intent to actual production with minimal delay, a shift the Centre believes will redefine ease of doing business.
Top government sources indicated that the scheme, which was part of the Union Budget vision, is designed to compress timelines that have historically slowed industrial expansion - from land acquisition to regulatory approvals - by offering pre-cleared land, built infrastructure and single-window systems.
Briefing on the Cabinet decision, senior ministers underlined that the initiative fits into the Modi government’s broader push to position India as a global manufacturing destination, leveraging policy stability, infrastructure upgrades and a growing talent base.
The parks, expected to come up over the next few years, will range between 100 and 1,000 acres and will be developed in partnership with states and private players. They will feature core infrastructure such as roads and utilities, alongside factory sheds, warehouses and worker housing - effectively creating end-to-end industrial ecosystems rather than just land parcels.
The Centre will provide financial support of up to Rs 1 crore per acre, along with up to 25% funding for external connectivity, ensuring these parks are integrated with logistics networks under the PM GatiShakti framework.
Officials said the projects will be selected through a competitive 'challenge mode', nudging states to offer reform-oriented, investment-ready proposals - a model aimed at rewarding efficiency and accelerating execution.
The government estimates that the scheme could unlock large-scale investment and generate up to 15 lakh direct jobs, with ripple effects across logistics, services and local economies.
Union Home Minister Amit Shah has repeatedly emphasised that infrastructure-led development remains central to the Modi government’s economic strategy, with a focus on creating opportunities at scale and strengthening domestic supply chains.
With BHAVYA, the Centre is attempting to move beyond incremental reforms - betting instead on ready-made industrial ecosystems to fast-track manufacturing, attract global investors and anchor India’s ambitions of becoming a self-reliant, export-driven economy.
BI Bureau
