Bharat Audyogik Vikas Yojna

Bharat Audyogik Vikas Yojna Latest News

Recently, the union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA).

About Bharat Audyogik Vikas Yojna

• It aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India’s growth story.
• Target: Developing 100 plug-and-play industrial parks across the country.
• Implementation: BHAVYA will be implemented in partnership with states and private sector players.

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Features of Bharat Audyogik Vikas Yojna

• Financial Scale: Total expenditure of ₹33,660 crore, providing up to ₹1 crore per acre for park development.
• Plug-and-Play Ecosystem: Provides ready-built factory sheds, testing labs, and underground utilities to enable industries to move from “intent to production” with speed.
• Infrastructure Scope: Covers core utilities, value-added facilities (warehousing), and social infrastructure such as worker housing.
• Connectivity & Logistics: Aligned with PM GatiShakti principles for seamless multimodal connectivity; external infrastructure support is provided up to 25% of the project cost.
• Sustainability Focus: Features green energy integration and a “no-dig” environment through integrated underground utility corridors for uninterrupted operations.
• Selection Process: Projects are selected via a challenge mode, prioritizing states that implement investor-friendly reforms and effective single-window systems.

What is “Plug-and-Play” Industrial Infrastructure?

• Plug-and-play infrastructure refers to industrial parks that are fully equipped with all necessary utilities and regulatory clearances before an investor arrives.

Source: PIB