In line with the 2024-25 Budget announcement, the government promises plug‑and‑play infrastructure across India with the potential to reshape manufacturing landscapes, including electronics.
The Union Cabinet has approved the Bharat Audyogik Vikas Yojna (BHAVYA), a ₹336.6 billion programme to establish 100 industrial parks across India over six years. Announced in the 2024–25 budget, the scheme aims to deliver plug-and-play infrastructure on plots ranging from 100 acres (about 40 hectares) to 1000 acres (equivalent to almost 405 hectares) near major cities.
In hilly and northeastern regions, parks may be as small as 25 acres (approximately 10 hectares).
In its first phase, 50 parks will be developed, with the Centre allocating ₹10 million per acre for core, value-added and social infrastructure, alongside external connectivity.
The initiative is expected to provide 33,660 acres (about 13,620 hectares) of investment-ready land at competitive rates. Amarjeet Singh Bhatia, Secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), said the scheme would ensure high-quality proposals through a challenge-based selection process.
Furthermore, external connectivity support will cover up to 25% of project costs, while implementation will be managed through Special Purpose Vehicles (SPVs) involving the National Industrial Corridor Development and Implementation Trust (NICDIT).
States will contribute land, and central public sector enterprises or private developers may also participate, subject to NICDIT and state involvement. Minister for Information and Broadcasting Ashwani Vaishnaw emphasised that the model would encourage reform-oriented, investment-ready projects.
The parks are designed as smaller versions of the 20 large industrial corridors currently under development in 10 states, four of which are operational. Infrastructure work has already commenced on most of those approved in 2024.
As India aims to become a global manufacturing hub for electronics, the BHAVYA scheme’s plug-and-play industrial parks with connectivity and social infrastructure are notable. Such facilities can reduce setup times for units that often face delays due to land and utility constraints.
The framework provides scope for operations in semiconductor assembly, consumer electronics and component manufacturing, offering a structured base for both domestic and international firms.
