NewKerala.com

Plug-and-Play Industrial Parks to Boost India's Manufacturing to 25% of GDP

The newly approved Bharat Audyogik Vikas Yojna (BHAVYA) scheme plans to develop 100 plug-and-play industrial parks to elevate manufacturing's share of India's GDP to 25% by 2032. The model is designed to provide seamless, end-to-end ease of doing business, from faster approvals to ready infrastructure, significantly reducing entry barriers for investors. ASSOCHAM President Nirmal K. Minda praised the scheme as a historic breakthrough that will strengthen MSMEs and enhance India's global competitiveness. Prime Minister Narendra Modi emphasized that the initiative will boost logistics, services, and create large-scale employment opportunities.

Key Points: BHAVYA Scheme Aims for 25% Manufacturing Share in GDP by 2032

  • Targets 25% GDP share for manufacturing by 2032
  • 100 plug-and-play industrial parks approved
  • Aims to boost MSMEs and attract investment
  • Reduces entry barriers with pre-approved infrastructure
2 min read

Plug‑and‑play development to lift manufacturing to 25 pc of India's GDP by 2032

New BHAVYA scheme for 100 plug-and-play industrial parks aims to boost manufacturing, ease of doing business, and create jobs, targeting 25% GDP share.

"The scheme will significantly enhance ease of doing business through streamlined approvals and single-window systems. - Prime Minister Narendra Modi"

New Delhi, March 20

The plug‑and‑play industrial development under the Bharat Audyogik Vikas Yojna could raise the share of manufacturing in India's GDP to 25 per cent by 2032, experts said on Friday.

ASSOCHAM President Nirmal K. Minda praised the BHAVYA model calling it a historic breakthrough in India's manufacturing sector adding that a seamless, end-to-end ease-of-doing-business model, from approvals to operations, will meet the aspirations of New India and contribute to the vision of Viksit Bharat.

Emphasising the critical role of MSMEs as key drivers of India's economic growth, Minda remarked that BHAVYA will strengthen their growth trajectory and enhance their resilience in the global ecosystem.

The future-ready, sustainable, and efficient industrial parks will help MSMEs and startups become robust and globally competitive, he noted.

BHAVYA has the potential to expand India's industrial landscape, mitigate global headwinds, and elevate the country's growth potential to the next level, he added.

The Union Cabinet earlier this week approved the BHAVYA scheme to develop 100 plug-and-play industrial parks across the country.

The scheme is aimed at strengthening industrial infrastructure, attracting fresh investments, and creating large-scale employment opportunities while improving ease of doing business through faster approvals and single-window systems.

"The scheme will significantly enhance ease of doing business through streamlined approvals and single-window systems. It will boost logistics and services sectors too," Prime Minister Narendra Modi had said earlier this week.

The plug-and-play model will allow industries to begin operations quickly, supported by pre-approved land, ready infrastructure, and integrated services, significantly reducing entry barriers for investors.

Under the scheme, industrial parks spanning 100 to 1,000 acres will be developed with financial assistance of up to Rs 1 crore per acre. This will cover core infrastructure such as internal roads, utilities, drainage systems, and common facilities, along with value-added infrastructure like factory sheds, testing labs, and warehousing.

- IANS

Share this article:

Reader Comments

P
Priya S
Fantastic initiative! As someone from a small manufacturing family business, I know the pain of setting up. Ready infrastructure and pre-approved land will save so much time and capital. This can really boost 'Make in India'. Hope they focus on tier-2 and tier-3 cities too for balanced growth.
R
Rohit P
25% of GDP by 2032 is an ambitious target. The intent is good, but execution is key. We've seen schemes lose steam due to red tape later. The government must ensure continuous monitoring and genuine ease of doing business. Let's not just build parks, but also ensure they are occupied and productive.
M
Michael C
Working with Indian suppliers, the biggest hurdle is often infrastructure and delays. If BHAVYA delivers on its promise, it could make India a much more attractive manufacturing hub for global companies. The integrated services part is crucial.
S
Shreya B
Hope the scheme includes strong environmental safeguards. Sustainable development is a must. Building 100 parks is great, but they should be green and efficient, not just concrete jungles. Also, creating jobs is good, but what about skill development for those jobs?
K
Karthik V
This is excellent for startups! Testing labs and warehousing within the park itself will reduce initial costs significantly. Can be a big boost for hardware and electronics startups. Jai Viksit Bharat! 🚀

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50