The Electronic Industries Association of India (ELCINA), India’s leading association of electronics manufacturers, welcomes the Government’s announcement of the Bharat Audyogik Vikas Yojana (BHAVYA) scheme, with a Rs. 33,600 crore outlay, aimed at developing India’s industrial manufacturing ecosystem. The BHAVYA scheme would support India’s transformation into a globally competitive, self-reliant electronics, components, and semiconductor ecosystem.
Welcoming the BHAVYA scheme, Rajoo Goel, Secretary General, ELCINA, said: “The Government has announced the BHAVYA scheme at an opportune time and stands to significantly strengthen the ecosystem and the value chain. Through cluster-based promotion, BHAVYA can co-locate OEMs, component suppliers, logistics providers, and service providers within the same industrial park, which is exactly what a deeper ecosystem for electronics and semiconductors requires. At ELCINA, we are excited to see how this scheme will transform the industry over the next few years.”
ELCINA President, Dr Sasikumar Gendham, lauded the scheme as “it would complement the EMC Schemes of MeitY under which several Electronics Manufacturing Clusters had been initiated and industries set up. BHAVYA would catalyse this further and suggested that existing Clusters should also be allowed to benefit from the Scheme and enhance their infrastructure further”.
The plug-and-play industrial ecosystems will help industry players – both existing and new – cut down on the setup phase and move more quickly towards production. Additionally, with streamlined approvals, effective single-window systems, and investor-friendly reforms led by states, the industry would be in a better position to address the critical need to reduce import dependence and position the country as a credible export and supply-chain hub.
ELCINA also lauds the Government’s broader goals of job creation, investment, and economic growth across states. BHAVYA is expected to enhance the supply chain while creating new opportunities for Indians who stand to benefit from the country’s manufacturing growth, particularly in the electronics sector.
