Cabinet approves INR 30.30 bln for BHAVYA Rasayan Scheme
This story was originally published at 16:43 IST on 24 July 2026
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--Cabinet OKs INR 30.30 bln for Bhavya Rasayan Scheme
NEW DELHI – The Cabinet has approved the Bharat Audyogik Vikas Yojana Rasayan Scheme for establishing three dedicated chemical parks in the country. The scheme will have a total outlay of INR 30.30 billion, a government release said. The scheme would run for a period of 5 years till 2030-31 (Apr-Mar).
The Centre would provide a grant of up to INR 10 billion for each park with a minimum contribution of INR 5 billion by the concerned state government, the release added. The scheme will promote development of the chemical industry along with the whole value chain, including upstream, downstream and ancillary industries, promoting efficient utilisation of resources, leading to lower logistics costs.
"It will help the Indian chemical industry better integrate in global value chains, leading to greater exports and higher import substitution," the release said. The scheme will facilitate the development of the chemical sector by attracting domestic and foreign investments, enhancing domestic production capacity, and generating employment. End
Reported by Sagar Sen
Edited by Himanshi Gupta
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