Chemicals & Plastics #bhavya rasayan#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.
Jul 24, 2026 1 source