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India Launches INR33,660 Crore Plan for 100 Industrial Parks

3/21/2026

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Summary

Story summary

On March 18, 2026, India's cabinet approved the INR33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 industrial parks.
Information Minister Ashwini Vaishnaw said project aims to boost domestic manufacturing and create 1.5 million direct jobs.
The parks will range from 100 to 1,000 acres and receive up to INR1 crore per acre for infrastructure development, as part of the government's strategy to boost India's industrial capabilities and growth.

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Story summary

On March 18, 2026, India's cabinet approved the INR33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) to develop 100 industrial parks.
Information Minister Ashwini Vaishnaw said project aims to boost domestic manufacturing and create 1.5 million direct jobs.
The parks will range from 100 to 1,000 acres and receive up to INR1 crore per acre for infrastructure development, as part of the government's strategy to boost India's industrial capabilities and growth.