NewzVille Desk
Union Minister of Commerce & Industry, Piyush Goyal, today launched the Bharat Audyogik Vikas Yojana, ‘BHAVYA’ Portal in New Delhi. Addressing the gathering, Piyush Goyal said that the BHAVYA Scheme will adopt a competitive model under which States will be encouraged to submit detailed project proposals highlighting their industrial strengths, availability of land, investor interest and sectoral potential.
He said the Government will work closely with industry to identify the most suitable sectors and infrastructure requirements for each location, whether for chemicals, manufacturing, data centres or other industries.
He added that investors would be able to access detailed information on industrial parks through digital platforms, including land availability, connectivity and surrounding infrastructure, enabling them to make informed investment decisions. The scheme will seek to ensure that industrial parks are designed according to the specific needs of different sectors and investors, making them more attractive destinations for domestic and global investments.
Announcing the BHAVYA Scheme, the Minister said that it aims to develop 100 industrial parks across the country to promote large-scale job creation through greater investments. He said the parks will be developed in different sizes, ranging from 25 acres in hilly regions, smaller Union Territories and Northeastern States, to between 100 and 500 acres in mid-sized States and regions, and up to 1,000 acres in locations closer to cities and towns, depending on need assessment and the commitment of States.
