DPIIT issues guidelines for ₹33,660 crore industrial park scheme
Industrial park applicants must meet DPIIT land, selection and SPV governance conditions
DPIIT
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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.
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