The Indian government plans to invite applications from states for 50 industrial parks under the newly launched Bhavya scheme, which aims to establish a total of 100 parks across the country. This initiative, approved by the Union Cabinet on March 18, 2026, has a financial allocation of ₹33,660 crore (approximately $4 billion USD) and is designed to enhance the ease of doing business by providing plug-and-play manufacturing destinations. Commerce and Industry Minister Piyush Goyal announced that the first 50 parks are expected to be operational within three years. Each park will span between 100 to 1,000 acres, focusing on multimodal logistics, sustainability, and social infrastructure. The central government will fund infrastructure development at about ₹1 crore (around $120,000 USD) per acre, while states will provide the land. The scheme emphasizes domestic market support and aims to attract foreign direct investment, with Goyal highlighting record gross FDI of $95 billion for the year ending March 2026. Additionally, Goyal is set to visit Canada to discuss investments and trade targets, indicating India's growing global economic engagement.