Centre sets stage for 100 industrial parks

The Centre on Wednesday set the ball rolling for 100 industrial parks with ready land, infrastructure and clearances, enabling businesses to move swiftly from plans to production.

- Dhirendra Kumar, Vijay C. Roy & Rituraj Baruah

The parks will range from 100 to 1,000 acres.

The 333,660-crore Bharat Audyogik Vikas Yojna (Bhavya) kicks off in fiscal year 2027 (FY27), aiming to expand India's manufacturing muscle, while creating large-scale employment.

The Union Cabinet also approved a series of projects totalling more than ₹45,000 crore, including Bhavya, which will be executed over five years.

"The scheme is expected to drive large-scale job creation, generating substantial direct and indirect employment across manufacturing, logistics, and services, while catalyzing significant investments. The scheme aims to generate 15 lakh direct jobs by boosting manufacturing-led growth and enhancing infrastructure with ready-to-use industrial parks," said Ashwini Vaishnaw, Union minister for railways, information and broadcasting, and electronics and information technology.

The Bhavya scheme will be implemented in partnership with states and private sector players, building on the experience of industrial smart cities developed under the National Industrial Corridor Development Programme. The parks will range from 100 to 1,000 acres, and receive financial support of up to ₹1 crore per acre provided for core, value-added and social infrastructure. In North Eastern and hilly states with geographical constraints, the minimum size will be 25 acres.