PHDCCI’s quotes on key Cabinet Decisions
Bharat Audyogik Vikas Yojna (BHAVYA): Rajeev Juneja, President PHDCCI
City Air News
Mar 18, 2026 08:38
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“The approval of the Bharat Audyogik Vikas Yojna (BHAVYA) marks a strategic shift in India’s industrial policy ecosystem. Combining large-scale public investment with a plug-and-play model will addresses bottlenecks in land availability, infrastructure readiness, and regulatory approvals. Alignment with PM GatiShakti indicate a move toward efficiency-driven growth. BHAVYA has the potential to crowd in private investment, and strengthen domestic supply chains and suggests a conscious transition from fragmented industrial development to coordinated industrialization says, Mr. Rajeev Juneja, President PHDCCI”
Hydropower: Dr. Ranjeet Mehta, CEO & SG, PHDCCI
The approval of the Small Hydro Power Development Scheme (FY 2026–31) by the Union Cabinet marks a targeted push toward decentralized renewable energy in the wake of geopolitical uncertainty concerning oil and gas supply chain. By catalyzing ₹15,000 crore in investment, it aligns with "Atmanirbhar Bharat" goals. The initiative balances environmental sustainability with rural employment generation, strengthening India’s commitment of long-term clean energy transition said Dr. Ranjeet Mehta, CEO & SG, PHDCCI.”
