India is planning to establish 100 industrial parks with modern plug-and-play infrastructure across the country under the BHAVYA scheme, as announced by Commerce and Industry Minister Piyush Goyal on Wednesday. According to reports from NDTV, the Union Cabinet approved the ₹33,660-crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme on March 18, 2026, aimed at developing world-class industrial infrastructure and unlocking manufacturing potential. Goyal suggested that one of these parks could be dedicated to US-India partnerships, with potential for multiple parks focused specifically on auto components manufacturing.
The minister outlined specific proposals for international collaboration, stating that India could create plug-and-play infrastructure tailored to suit specific partner requirements. As reported by NDTV, Goyal invited certain countries to establish enclaves within these industrial parks, suggesting that one park could be dedicated to US-India investments and potentially two to five parks for auto components only. He emphasized that the scheme aims to develop world-class industrial infrastructure and drive the country's economic growth through manufacturing excellence.
Beyond the industrial parks initiative, India is simultaneously developing 20 industrial cities to boost domestic manufacturing capabilities. According to NDTV, Goyal highlighted recent developments including Toyota's acquisition of 800 acres in one of the Maharashtra parks and the growing semiconductor ecosystem in Dholera and Sanand, Gujarat. The minister noted that the large semiconductor ecosystem is attracting significant land purchases from various stakeholders, indicating strong industrial interest in these manufacturing hubs.
The automotive sector continues to show strong performance with five million passenger cars expected to be sold this year, as reported by NDTV. Goyal highlighted that the auto component industry's international trade stands at nearly USD 50 billion, evenly divided between imports and exports. The minister called upon the industry to transform local businesses into global players, expand manufacturing footprints across developed countries, and move up the value chain toward the USD 500-billion industry target. He emphasized the need for greater supply-chain resilience and active indigenisation programmes to insulate from future disruptions.
Goyal referenced India's successful trade negotiations, noting that the country finalized a trade pact with the EU within a few months after EU Trade Commissioner Maros Sefcovic attended the ACMA summit. As reported by NDTV, he joked that US Ambassador Sergio Gor's presence at the event was motivated by this precedent, though India and the US are currently negotiating a bilateral trade pact with frameworks for the first phase already finalized. The minister will visit the US later this month for the G20 trade ministers' meet, with ongoing discussions on the trade deal amid changes in US tariff landscape.
