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The Union Cabinet has approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA–Rasayan) Scheme to establish three dedicated Chemical Parks across the country for strengthening India's chemical and petrochemical manufacturing ecosystem.

About BHAVYA–Rasayan Scheme

• BHAVYA–Rasayan is a Central Sector Scheme launched by the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers. It aims to develop integrated chemical parks with modern common infrastructure to enhance the competitiveness of India's chemical industry.
• The scheme will be implemented over five years (FY 2026–27 to FY 2030–31) with a total outlay of ?3,030 crore, including ?3,000 crore for infrastructure development and ?30 crore for administrative expenses.

Key Features

• The scheme envisages the establishment of three dedicated Chemical Parks, each spread over a minimum contiguous area of 8 sq. km. (2,000 acres) of encumbrance-free land.
• The Central Government will provide financial assistance of up to ?1,000 crore per park, subject to a minimum contribution of ?500 crore by the respective State Government. The parks will be selected through a Challenge Route.
• Each park will provide plug-and-play infrastructure with shared facilities such as Common Effluent Treatment Plants (CETP), Treatment, Storage and Disposal Facilities (TSDF), water supply systems, solvent recovery units, steam generation networks, interconnected pipelines, logistics, and warehousing facilities.