DPIIT issues guidelines for ₹33,660 crore industrial park scheme
Industrial park applicants must meet DPIIT land, selection and SPV governance conditions
Change
DPIIT issued operational guidelines for the BHAVYA scheme to develop 100 industrial parks with a ₹33,660 crore outlay over 2026-27 to 2031-32.
Why it matters
The guidelines convert the industrial park scheme into an application and implementation framework. Proposals will be selected through a challenge-based process, with land thresholds, infrastructure-quality criteria, SPV governance, funding linkage and monitoring obligations now defined.
Implications
- — State industrial departments and park sponsors must structure proposals against DPIIT’s challenge-based selection criteria — connectivity, site suitability, infrastructure quality, ecosystem strength, digital governance and sustainability determine selection.
- — Industrial park SPVs must be incorporated under the Companies Act, 2013 and own project planning, development, operation, investor facilitation and long-term asset maintenance — implementation responsibility sits at the SPV level.
- — Private developers participating in industrial park projects must operate through project-specific SPVs with defined governance, transparency and accountability mechanisms — private participation is tied to the scheme’s SPV structure.
- — Project sponsors must meet minimum land thresholds of 100 acres in non-hill states and 25 acres in hill states, North Eastern states, Union Territories and small states — land eligibility is a gating condition for project consideration.
Who is affected
- — State industrial development departments preparing BHAVYA scheme proposals
- — Industrial park SPVs incorporated under the Companies Act, 2013
- — Private developers participating in industrial park projects through project-specific SPVs
- — Project sponsors assembling greenfield and eligible brownfield industrial park sites in India