Extended deadline: October 31, 2026 (was September 30). The Department for Promotion of Industry and Internal Trade has given states one more month to file proposals under Round 2 of Phase-I of the Bharat Audyogik Vikas Yojana (BHAVYA) — a Rs 33,660-crore scheme to develop 100 investment-ready, plug-and-play industrial parks across India over six years, with NICDC as the project management agency.
Why this matters to founders, not just state governments: BHAVYA parks are built to be move-in ready — greenfield plus eligible brownfield sites, with state governments and private-sector participation. If you're a hardware, deeptech or climate-tech startup hunting for a site with power, permits and logistics already sorted, this scheme is literally designing your future factory floor.
The numbers show demand is real. Round 1 — which invited proposals for the first 20 parks and closed on July 31 — attracted 87 proposals, led by Maharashtra (14), Madhya Pradesh (11), and Tamil Nadu and Uttar Pradesh (7 each). Round 2 invites proposals for 30 more parks under Phase-I's challenge-based competition for up to 50 parks.
The decision to extend came at the National Level Steering Committee meeting on September 14, formalised through a DPIIT office memorandum dated September 28. Strictly, the October 31 deadline is for states and UTs to submit park proposals — but startup founders building hardware should be watching which states win the slots, because those are where the subsidised, shovel-ready manufacturing clusters will be.
Why it matters for founders
Manufacturing location is a ten-year decision — and BHAVYA is handing out some of the best-serviced industrial land India will build this decade. Track the winning states after October 31, and if you're scouting sites in 2027, start with the BHAVYA Round-1 and Round-2 parks before you sign anything.