Archive · 6 Oct 2026
India Plans Three Chemical Parks Under Bhavya Rasayan Scheme
India plans to build three large parks for chemical companies.
The plan is called the Bhavya Rasayan scheme.
The central government will give Rs 1,000 crore, and each participating state must provide at least Rs 500 crore.
Industry groups and states are being asked to propose where the parks should be built.
Minister Anupriya Patel said proposals would be approved after they are submitted.
The government says the parks can help companies grow and make more products in India.
Mumbai will also host the India Chem 2026 industry gathering from October 22 to 24.
India’s chemicals and petrochemicals demand is expected to reach USD 1 trillion by 2040.
India’s Bhavya Rasayan scheme aims to establish three large chemical parks.
The central government will provide Rs 1,000 crore, and participating states must contribute at least Rs 500 crore each.
Minister Anupriya Patel urged industry and state governments to submit proposals; she said approvals would follow once proposals are received.
Patel said the parks are intended to support innovation, manufacturing expansion and growth in the chemicals and petrochemicals sector.
India Chem 2026 is scheduled in Mumbai from October 22 to 24; sector demand is projected to reach USD 1 trillion by 2040.
- Who
- The Government of India, Union Minister of State for Chemicals and Fertilizers Anupriya Patel, participating state governments and industry.
- What
- The Bhavya Rasayan scheme aims to establish three large chemical parks.
- When
- The announcement was published October 6, 2026; India Chem 2026 is scheduled for October 22–24, 2026.
- Where
- The parks are planned across India; India Chem 2026 will take place in Mumbai.
- Why
- The scheme is intended to support manufacturing, innovation and expansion in India’s chemicals and petrochemicals sector.
- Planned parks
- Three large chemical parks
- Central government assistance
- Rs 1,000 crore
- Minimum state contribution
- Rs 500 crore per participating state
- India Chem 2026 dates
- October 22–24, 2026
- India Chem 2026 location
- Mumbai
- Projected chemicals and petrochemicals demand
- Nearly USD 1 trillion by 2040
- Speciality chemicals market in 2025
- Rs 5,83,972 crore (USD 67.0 billion)