New Delhi, March 18 -- 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. The Rs.33,660-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 Rs.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 a...