Three chemical parks to be set up under BHAVYA-Rasayan scheme
Union Cabinet approved the BHAVYA-Rasayan scheme for three dedicated chemical parks.
Total financial outlay is Rs 3,030 crore, with Rs 3,000 crore for common infrastructure and utilities.
Centre provides up to Rs 1,000 crore per park; state must contribute at least Rs 500 crore per park.
Scheme aims to enhance cost competitiveness, boost exports, and integrate Indian chemical industry into global value chains.
Centralized waste management facilities like common effluent treatment and hazardous waste disposal will be established.
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