The Indian government has launched the BHAVYA (Bharat Audyogik Vikas Yojna) scheme with a ₹33,660 crore outlay to develop 100 world-class industrial parks across the country. Commerce and Industry Minister Piyush Goyal announced that the scheme will operate in a "challenge mode" where states offering the most attractive proposals for industrial parks and business-friendly ecosystems will receive preference. Under the rollout plan, applications for the first 20 industrial parks will be invited in an initial two-month window, followed by 30 parks over the following two months, and proposals for 50 parks are expected within four months. The scheme aims to develop world-class industrial infrastructure through plug-and-play industrial parks, with the broader objective of boosting manufacturing, improving ease of doing business and accelerating India's economic growth.
Odisha successfully hosted the prestigious Confederation of Indian Industry (CII) Eastern Region Council meeting, bringing together industry leaders and representatives from eastern states including Bihar, West Bengal, Chhattisgarh and Jharkhand to deliberate on regional growth and economic cooperation. According to reports from THEBUSINESSBYTES.com, the high-level event focused on the collective role of eastern Indian states in advancing the Prime Minister's "Purvodaya" vision, aimed at accelerating inclusive development across the region. The conference provided a crucial platform for fostering stronger partnerships between governments and industry stakeholders in eastern India, with officials saying the event will showcase Odisha's rapid strides in industrial growth, infrastructure expansion and investment promotion.
The newly elected leadership of the CII Odisha State Council called on Chief Minister Shri Mohan Charan Majhi at Lok Seva Bhawan today, with the meeting attended by Shri Hemant Sharma, Additional Chief Secretary for Home, Industries, and Information & Public Relations. The delegation was led by CII Odisha Chapter Chairman Shri Anil Singh and Vice-Chairman Shri Manikanta Nayak, who met the Chief Minister to discuss strategic preparations for the upcoming high-profile CII Eastern Region Conference. As reported by THEBUSINESSBYTES.com, the meeting focused primarily on the roadmap for the Eastern Region Conference, which is set to bring together captains of industry, policy experts, and stakeholders from neighboring states alongside Odisha. The summit will provide a crucial platform to design a shared developmental framework, explore cross-border value chains, and leverage the natural resources and human capital of Eastern India to foster inclusive regional growth.
Odisha has been consistently attracting the highest volume of industrial investments in recent times, emerging as a premier investment destination across the country. Industry insiders credit this investment surge to the strategic overdrive led by ACS Shri Hemant Sharma, whose focused efforts in formulating and executing an industry-friendly Industrial Policy have substantially enhanced the ease of doing business, streamlined single-window clearances, and generated confidence among global and domestic corporations. The new CII leadership team reiterated its commitment to aligning industry goals with the socio-economic vision of the state government, prioritizing sectors such as downstream metals, manufacturing, technology-led growth, port infrastructure, and clean energy transition to establish Odisha as a globally competitive hub for innovation and enterprise while creating substantial employment opportunities.
During the conference, discussions were held on Odisha's emerging role as an investment destination and the importance of greater regional coordination in sectors such as manufacturing, mining, logistics, infrastructure, energy and skill development. The meeting focused on the coordinated role of eastern states under the Prime Minister's "Purvodaya" initiative, which aims to accelerate development across the region by leveraging its mineral resources, industrial potential, skilled workforce and strategic geographic advantages. The interaction underscores the state's proactive stance in creating an ecosystem highly conducive to business expansion, with the summit expected to provide a crucial platform for fostering stronger partnerships between governments and industry stakeholders in eastern India.
