New Delhi, March 18 -- The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of Rs 33,660 crore for developing 100 plug-and-play industrial parks across the country.

Briefing reporters about the decisions of the Union Cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said the scheme aims to develop world-class industrial infrastructure, unlocking manufacturing potential and driving India's growth story.

Building on the success of Industrial Smart Cities developed under the National Industrial Corridor Development Programme (NICDP) framework, BHAVYA will be implemented in partnership with states and private sector players.

At the heart of BHAVYA lies a strong push for deregulation and ...