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Bhavya Develops Investment-Ready Manufacturing Ecosystems

The Indian government has launched the Bharat Audyogik Vikas Yojna (BHAVYA), a ₹33,660 crore initiative aimed at developing 100 plug-and-play industrial parks across the country. These parks will offer modern infrastructure and streamlined services to facilitate quicker establishment of new industries. The initiative is designed to attract investment, support micro, small, and medium enterprises (MSMEs), and enhance job creation while driving industrial growth. This move aligns with India's goal to increase the manufacturing sector's contribution to GDP from 16-17% to 25% by 2035, reflecting a shift towards higher-value, technology-intensive production.

The Radius summarizes this story. Read the original report from PIB News.