India approves ₹3,030 crore BHAVYA chemical parks scheme

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2026-08-10 11:06:46 -

Insights India's Union Cabinet has approved BHAVYA Rasayan to establish three dedicated chemical parks with a ₹30.3 billion (~$361 million) outlay over FY 2026-27 to FY 2030-31. The parks will provide common utilities and plug-and-play infrastructure for chemical value chains. Textile and other downstream users are expected to gain from lower logistics costs, import substitution and export...

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