Cabinet Approves ₹3,030 Crore BHAVYA Rasayan Scheme
Three dedicated chemical parks to be developed to boost manufacturing, exports and employment under Viksit Bharat vision
- Cabinet approves ₹3,030 crore BHAVYA Rasayan Scheme for three chemical parks.
- Centre to provide up to ₹1,000 crore for each park.
- Parks to feature plug-and-play infrastructure and common utilities.
- Scheme aims to boost investment, exports, jobs and sustainable industrial growth.
GG News Bureau
New Delhi, 24th July: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) Scheme for establishing three dedicated Chemical Parks across the country to strengthen India’s chemical manufacturing ecosystem.
Announced in the Union Budget 2026–27, the scheme has a total financial outlay of ₹3,030 crore, including ₹3,000 crore for developing common infrastructure and basic utilities within the parks and ₹30 crore towards administrative expenditure. The scheme will be implemented over a five-year period from FY 2026–27 to FY 2030–31.
Under the scheme, the Central Government will provide a grant of up to ₹1,000 crore for each chemical park, while the respective State Government will contribute a minimum of ₹500 crore.
The three parks will be developed by State Governments through a challenge-based selection process. Each park will require a minimum contiguous area of 8 square kilometres (2,000 acres) of encumbrance-free land.
The proposed parks will offer plug-and-play infrastructure tailored to the chemical industry, including Common Effluent Treatment Plants (CETPs), Treatment, Storage and Disposal Facilities (TSDFs), water supply systems, solvent recovery units, steam generation networks, interconnected pipelines, and logistics and warehousing facilities.
According to the government, the scheme will promote integrated development of the chemical sector across upstream, downstream and ancillary industries, helping reduce logistics costs and improve resource efficiency.
The Cabinet said shared infrastructure will enhance the cost competitiveness of Indian chemical manufacturers, improve integration into global value chains, increase exports, reduce import dependence and attract both domestic and foreign investment.
The scheme also focuses on environmentally sustainable industrial development through centralised waste management, effluent treatment and hazardous waste disposal facilities to ensure better compliance with environmental regulations.
The government said the development of the chemical sector will generate significant employment opportunities and support downstream industries such as agriculture, textiles, pharmaceuticals, nutraceuticals, construction, automobiles and electronics, contributing to the vision of Viksit Bharat by 2047 and strengthening Atmanirbhar Bharat.
