Three chemical parks receive Cabinet approval
India’s Union Cabinet approved the BHAVYA Rasayan scheme to establish three dedicated chemical parks with a total outlay of ₹3,030 crore, running 2026-27 to 2030-31, offering up to ₹1,000 crore per park contingent on a ₹500 crore state contribution. The parks will provide plug-and-play common infrastructure, utilities, and centralized environmental facilities to boost domestic chemical manufacturing, reduce logistics costs, and improve integration into global value chains.