The Department for Promotion of Industry and Internal Trade released operational guidelines for the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme.
BHAVYA is a Central Sector Scheme launched to develop investment-ready and world-class industrial parks across India.
The scheme aims to develop 100 industrial parks between 2026-27 and 2031-32 with a total outlay of about ₹33,660 crore.
The scheme supports the Make in India initiative, the PM Gati Shakti programme, manufacturing growth, logistics improvement, and employment generation.
Projects will be implemented through Special Purpose Vehicles (SPVs) under the Companies Act, 2013, with National Industrial Corridor Development Corporation acting as the Project Management Agency.