Rahul: I want to start my own factory, but you know how difficult it is to open a factory in India.
Mukesh: Yes, from land acquisition to bureaucratic hurdles and capital loss. I can understand your pain.
To overcome this, the government of India has launched the Bhavya Scheme.
Why government wants to construct it ?
The problem is establishing an industry, it takes a lot of time, energy, paper work, funds and bureaucratic delays. Many businesses and investors suffer due to rules, regulations and sometimes corruption.
The documents and files are kept on the desk for years and not approved because of lame reasons.
So,
The government’s policy is to construct 100 industrial parks across India worth an amount of 33,660 crore rupees. It would create 15 lakh indirect and direct jobs and the nodal agency would be the National industrial corridor development corporation and which comes under Ministry of Commerce and Industry.
The government would construct core infrastructure facilities and create an eco-system for all the factory needs.
* Only machinery and production is the only work for investors. That's the major motive of the government.
For general areas, 100 acres of land would be taken and for tribal and hilly areas there would be 25 acres of land. It is an initiative to remove old procedures and bring innovative fast-track-based systems to business.
It comes under Make in India, employment generation and a target of Viksit Bharat 2047 vision.
