Govt brings ₹3,030 crore scheme for setting up three large chemical parks
The remaining Rs 30 crore will be for the administrative expenditure.The scheme would run for a period of 5 years from the current fiscal to 2030-31.In response to a question, Mr. Vaishnaw said that the total investment for the the establishment of these three parks will be significantly higher than this. Each such park will have a minimum contiguous area of 8 sq km (minimum 2,000 acres) of encumbrance-free land," the statement said.The chemical parks could be greenfield or brownfield, depending on the state governments' selection based on the challenge route, Mr.
- ▪The remaining Rs 30 crore will be for the administrative expenditure.The scheme would run for a period of 5 years from the current fiscal to 2030-31.In response to a question, Mr.
- ▪Vaishnaw said that the total investment for the the establishment of these three parks will be significantly higher than this.
- ▪Each such park will have a minimum contiguous area of 8 sq km (minimum 2,000 acres) of encumbrance-free land," the statement said.The chemical parks could be greenfield or brownfield, depending on the state governments' selection based on t
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- ▪ BHAVYA Rasayan scheme: Cabinet approves Rs 3,030 crore for three chemical parks — Times of India — Top
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The government on Friday (July 24, 2026) announced a new ₹3,030-crore scheme for setting up three large chemical parks, each spreading across at least 2,000 acres, an initiative aimed at making India self-reliant in the sector.Also Read | Centre to establish chemical parks in Andhra Pradesh Announcing the Cabinet decision, Information & Broadcasting Minister Ashwini Vaishnaw said each park could see investments in the range of ₹20,000 crore to ₹50,000 crore and the scheme will act as a "multiplier".
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