The Union cabinet had, on March 18, approved the scheme for developing 100 plug-and-play industrial parks across the country.
“The BHAVYA scheme will be run in two phases,” Goyal said, noting subsequent phases would be implemented based on the experience and learnings from initial rounds.
Goyal said applications received between June 1 and July 31 would be considered for the first phase of 20 parks. A further 30 parks would be taken up based on applications received up to September 30.
An official statement said the 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.”
It aims to develop world-class industrial infrastructure, unlock manufacturing potential and drive the country’s economic growth.
“We want to make sure that the scheme does become the change agent in terms of promoting investments across India in industry,” Goyal said here while launching a portal to roll out the scheme.