Bharat Audyogik Vikas Yojna (BHAVYA)
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- Context: The Union Cabinet approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of ₹33,660 crore for the development of 100 ‘plug-and-play’ industrial parks across the country.
- The aim was to create 100 “future ready” industrial parks integrated with the PM GatiShakti to make use of the latter’s multi-modal connectivity and last-mile access.
- The objective is to create plug-and-play industrial zones that help minimise delays and make it easier to start and run businesses.
- The scheme also offers assistance for external infrastructure, covering up to 25% of the total project cost, thereby improving overall connectivity.
- These parks will set new benchmarks in industrial infrastructure, ensuring reliability, reducing inefficiencies and enhancing productivity across sectors.
- As per Department for Promotion of Industry and Internal Trade the scheme’s duration would be for six years starting 2026-27. The first phase would see 50 parks being set up.
- The minimum land need for the parks would be 100 acre in most cases, and 25 acre for industrial parks in hilly or North Eastern States. The maximum size is 1,000 acre.
PM GatiShakti
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- The PM GatiShakti National Master Plan was launched by Prime Minister on October 13, 2021.
- It is a digital platform designed to bring together 16 ministries—including railways and road transport—for coordinated planning and execution of infrastructure projects.
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- The initiative aims to improve last-mile connectivity and lower logistics costs across the country.
- It integrates major infrastructure programmes such as Bharatmala, Sagarmala, inland waterways, dry ports, and UDAN.
- The plan also includes connectivity support for key economic zones like textile hubs, pharmaceutical clusters, defence corridors, electronics manufacturing zones, industrial corridors, fishing clusters, and agricultural zones.
- Overall, it seeks to enhance connectivity, streamline infrastructure development, and boost the global competitiveness of Indian industries.
Current Facts
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