2 months ago
1
The Union Cabinet connected Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of ₹33,660 crore, for the improvement of 100 ‘plug-and-play’ concern parks crossed the country.
The purpose of the strategy is to make 100 “future ready” concern parks that volition integrate with the PM GatiShakti programme truthful that they tin avail of that programme’s multi-modal connectivity and last-mile access.
“These parks volition acceptable caller benchmarks successful concern infrastructure, ensuring reliability, reducing inefficiencies, and enhancing productivity crossed sectors,” the authorities said successful a release.
According to Department for Promotion of Industry and Internal Trade Secretary Amardeep Singh Bhatia, the strategy duration would beryllium for six years starting successful 2026-27. The archetypal signifier of improvement would spot 50 parks being acceptable up.
The minimum onshore required for the parks would beryllium 100 acres successful astir cases, and 25 acres for concern parks successful hilly oregon North Eastern states. The maximum size nether the strategy is 1,000 acres.
While the Central authorities volition supply backing of up to Rs 1 crore per acre, the strategy is meant to see the engagement of the respective State governments arsenic good arsenic the backstage sector.
“At the bosom of BHAVYA lies a beardown propulsion for deregulation and easiness of doing business, with streamlined approvals, effectual single-window systems, and investor-friendly reforms led by States,” the authorities said.
