Cabinet nod to Rs 54,926 crore plans: BHAVYA parks, support for cotton farmers, UP highway, hydro push

The Union Cabinet on Wednesday approved proposals worth Rs 54,926 crore, Union Minister Ashwini Vaishnaw said at a briefing.Among them is a Rs 33,660 crore scheme to set up 100 plug-and-play industrial parks across the country, alongside a key highway project in Uttar Pradesh, MSP funding support for cotton farmers, and a new small hydro power scheme.The industrial parks scheme — Bharat Audyogik Vikas Yojna (BHAVYA) — aims to boost manufacturing by creating ready-to-use industrial ecosystems with pre-approved land, infrastructure and single-window clearances. The programme will be implemented in partnership with states and private players, and is expected to reduce entry barriers for investors.