India’s Union Cabinet sanctioned Rs 3,030 crore under the BHAVYA-Rasayan Scheme on Friday, chaired by Prime Minister Narendra Modi, to set up three dedicated Chemical Parks.
The allocation includes Rs 3,000 crore for common infrastructure facilities and basic utilities, and Rs 30 crore for administrative costs.
Each park will receive a Centre grant of up to Rs 1,000 crore, subject to the concerned state government contributing a minimum of Rs 500 crore.
A minimum contiguous area of 8 square kilometres, or roughly 2,000 acres, of encumbrance-free land is required for each park.
The scheme, announced in the Union Budget for FY 2026-27, will run for five years through FY 2030-31, aimed at integrating India’s chemical industry into global value chains and reducing import dependence.
The parks are meant to provide plug-and-play infrastructure with shared common facilities for the chemical sector.
(Image: Rajiv Nair EIL (CC BY-SA 4.0))
