New Delhi, July 24 -- The union Cabinet on Friday approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) scheme, with an outlay of Rs 3,030-crore, to establish three dedicated Chemical Parks across the country, with the objective of strengthening India's chemical manufacturing ecosystem, attracting investments, boosting exports and generating employment.
Announcing the Cabinet decision, union Minister for Information and Broadcasting Ashwini Vaishnaw said the BHAVYA Rasayan Scheme, announced in the union Budget 2026-27, will be implemented over a five-year period from FY 2026-27 to FY 2030-31.
The scheme has a total financial outlay of Rs 3,030 crore, including Rs 3,000 crore earmarked for the creation of common infrastructure...