
The National Industrial Corridor Development Corporation (NICDC), operating under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to implement the BHAVYA scheme, an ambitious initiative to develop 100 plug-and-play industrial parks across India under the National Industrial Corridor Development Programme (NICDP).
Under the BHAVYA scheme, NICDC will create industrial parks with pre-approved land, ready infrastructure, and integrated services, designed to facilitate ease of doing business. These parks will feature streamlined approval processes, including single-window systems, enabling faster establishment of industries and reducing bureaucratic delays.
Aligned with the PM GatiShakti National Master Plan, the BHAVYA industrial parks will prioritise multimodal connectivity and efficient last-mile access. Infrastructure planning will include provisions such as underground utilities, ensuring reliable, efficient, and sustainable industrial operations.
The BHAVYA initiative builds on NICDC’s proven experience in developing industrial corridors and smart cities, aimed at expanding industrial infrastructure, promoting balanced regional growth, and supporting sustainable industrialisation. NICDC is currently implementing 20 projects across 13 states, focusing on greenfield industrial smart cities to enhance manufacturing competitiveness, attract investments, and generate employment.
Additionally, NICDC serves as the Project Management Agency for seven PM MITRA Parks under the Ministry of Textiles, facilitating integrated manufacturing ecosystems in the textile sector.
NICDC-developed industrial nodes, including Dholera, Shendra-Bidkin, Vikram Udyogpuri, and Greater Noida, have demonstrated success in integrated planning, infrastructure development, and investor-ready ecosystems, strengthening India’s industrial base and manufacturing capabilities.
These smart cities feature:
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The development of these industrial nodes has attracted both MSMEs and large manufacturers, with several locations experiencing strong demand for industrial land. NICDC’s initiatives are designed to accelerate industrial operations by eliminating delays associated with land acquisition and infrastructure setup, fostering a world-class industrial ecosystem.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Mar 20, 2026, 10:52 AM IST

Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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