BHAVYA-Rasayan Scheme: Three Chemical Parks Approved
UPSC / SSC current affairs note · IR
Why in news
The Union Cabinet approved the BHAVYA-Rasayan scheme to set up three dedicated chemical parks with a financial outlay of Rs 3,030 crore. This initiative aims to boost the chemical industry, enhance global competitiveness, and create an environment-friendly ecosystem.
Background
The scheme was announced in the Union Budget and will run for five years. It is designed to promote the chemical industry's value chain, including upstream, downstream, and ancillary industries.
Key facts
The scheme is named Bharat Audyogik Vikas Yojana Rasayan (BHAVYA-Rasayan).
Total financial outlay: Rs 3,030 crore (Rs 3,000 crore for infrastructure, Rs 30 crore for admin).
Central grant up to Rs 1,000 crore per park; state contribution at least Rs 500 crore per park.
Scheme duration: five years.
Aims to enhance cost competitiveness and global integration of Indian chemical industry.
Will create centralized facilities: common effluent treatment plant, treatment/storage/disposal facilities, hazardous waste management.
Expected to generate employment and boost exports and import substitution.
Prelims pointers
- Scheme: BHAVYA-Rasayan (Bharat Audyogik Vikas Yojana Rasayan)
- Approved by: Union Cabinet
- Financial outlay: Rs 3,030 crore
- Number of parks: 3
- Central grant per park: up to Rs 1,000 crore
- State contribution per park: at least Rs 500 crore
- Duration: 5 years
- Key features: common effluent treatment plant, hazardous waste management
Mains angles
- Discuss the role of dedicated chemical parks in boosting India's manufacturing and export competitiveness.
- Critically examine the environmental safeguards and waste management provisions in the BHAVYA-Rasayan scheme.
- Analyze the fiscal federalism aspects: central grant vs state contribution in infrastructure schemes.