Topic
chemical parks
Cabinet Approves Rs 3,030 Crore BHAVYA Rasayan Scheme for Three Chemical Parks
The Union cabinet approved the BHAVYA Rasayan scheme with a total outlay of Rs 3,030 crore to set up three dedicated chemical parks across India. The scheme, announced in the Union Budget 2026-27, will provide grants of up to Rs 1,000 crore per park, with state governments contributing at least Rs 500 crore each. The parks aim to boost domestic manufacturing, exports, and employment while promoting environmentally sustainable industrial development.
Commodities Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme for Three Chemical Parks in India
The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved the BHAVYA-Rasayan Scheme with an outlay of ₹3,030 crore to establish three dedicated chemical parks. The scheme aims to promote the chemical industry along value chains, efficient resource utilisation, and lower logistics costs, with grants of up to ₹1,000 crore per park subject to state contributions.