States will be able to apply for industrial park development under the proposed Rs. 33,660 crore BHAVYA scheme beginning June 1.

The scheme is aimed at accelerating industrial infrastructure creation and promoting manufacturing-led economic growth across multiple regions.

Industrial parks play a key role in attracting investments by providing integrated infrastructure and streamlined industrial ecosystems.

The initiative is expected to support employment generation and encourage balanced regional industrial development.

It also aligns with India’s broader push to strengthen manufacturing competitiveness and supply chain capabilities.