India, Oct. 14 -- The Government of India has issued a release:
Bharat Audyogik Vikas Yojna (BHAVYA) is a Rs.33,660 crore initiative to develop 100 plug-and-play industrial parks across India. The parks will provide modern industrial infrastructure, reliable services, and faster approvals, reducing the time needed to set up new industries. The scheme aims to attract investment, support MSMEs, strengthen supply chains, create jobs, and drive industrial growth across regions.
A New Phase in Manufacturing Policy
Period
Policy Approach
What it Added
Pre-2020
Industrial estates and SEZs
Fiscal incentives; export-oriented regulatory perimeter
NICDP
Smart industrial cities with integrated infrastructure
Planned nodes, multimodal connect...