New Delhi24 minutes ago
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Union Commerce Minister Piyush Goyal on Saturday launched the guidelines of ‘Bhavya (India Industrial Development Scheme) Scheme’. Under which the government is preparing to develop 100 industrial parks across the country.
A financial outlay of ₹33,660 crore has been earmarked for this scheme, which will create manufacturing and investment hubs through plug-and-play industrial parks in partnership with state governments.
The Union Minister said that the Union Cabinet had approved this scheme about two months ago. The Central Government expects that the State Governments will provide a conducive environment to promote industrial development.
Applications sought from states in the next 4 months, applications for 20 parks will come in the first phase
Union Minister Piyush Goyal said that applications will be invited for 20 industrial parks in the first two months. In the next two months, applications will be taken for another 30 parks, while the remaining 50 parks will be included in the next phase.
The government is inviting applications from states and union territories (UTs) over the next four months. The central government plans to initially seek applications for 50 industrial parks so that the scheme can be implemented rapidly across the country.
Development will take place under the National Industrial Corridor Development Program
The scheme aims to create an investment-ready industrial ecosystem with pre-approved land, ready infrastructure and integrated services. This will help industries to start their operations quickly.
These parks will be developed in collaboration with states and private sector players under the structure of the National Industrial Corridor Development Program (NICDP).
Financial assistance up to ₹1 crore per acre for infrastructure
According to the information shared by the government, the size of these industrial parks will be between 100 to 1,000 acres. The government will provide financial assistance of up to ₹1 crore per acre for infrastructure development.
Under this assistance, internal roads, underground utilities, drainage systems, common treatment facilities, warehousing, testing labs and housing facilities for workers will be developed. For hilly states, industrial parks can be approved even on 25 acres of land.
Support to external infrastructure to improve connectivity
The Central Government has also proposed external infrastructure support up to 25 per cent of the project cost to improve connectivity with the existing transport and logistics network.
Projects under this scheme will be selected through a challenge-based process, which will focus on investment-ready and reform-oriented proposals.
ResJasthan, Maharashtra, West Bengal and Haryana expressed interest
The Union Minister said that states which provide better facilities like land, water and electricity can attract more investors. Rajasthan, Maharashtra, West Bengal and Haryana have shown interest in this scheme.
There is also a provision for states to submit proposals in partnership with private sector players, under which the central government will provide assistance of ₹50 lakh per acre.
Instructions to states to create single-window clearance system
To ensure quick approvals, states have been asked to set up special purpose vehicles (SPVs), notify planning authorities and create a single-window clearance system.
The Union Commerce Minister has expressed hope that these 50 parks will be fully operationalized in the next three years.
Work will be done under PM Gatishakti National Master Plan
These industrial parks are being prepared as per PM Gatishakti National Master Plan. Their focus will be on multimodal connectivity, efficient last-mile access and integrated underground utility corridors to reduce maintenance bottlenecks. The government said that these parks will also include provisions for the use of green energy and sustainable resources.
NICDC will take responsibility under DPIIT
According to a statement issued in March, the National Industrial Corridor Development Corporation (NICDC) under the Department for Promotion of Industry and Internal Trade (DPIIT) will take over the implementation of the scheme.
NICDC is currently implementing 20 Industrial Corridor Projects in 13 States and is also acting as the Project Management Agency for seven PM MITRA Parks under the Textile Ministry.
Cluster-based industrial development will be promoted
The government says that this scheme is expected to promote cluster-based industrial development. This will provide an opportunity to manufacturers, suppliers and service providers to work closer to each other, which will strengthen the domestic supply chain and create new employment opportunities.
What is Plug-and-Play Model and NICDC
Plug-and-Play Industrial Park: This means that industries will not have to wander for land, electricity, water, roads and other necessary approvals. The government will already prepare and provide all the infrastructure, companies just have to install their machines and start production. This promotes ‘ease of doing business’.
What is NICDC?: The National Industrial Corridor Development Corporation is the nodal agency overseeing the development of industrial corridors in India. It works to make the country’s logistics and manufacturing capacity globally competitive.
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