[REVISION HISTORY]

India BHAVYA Rasayan chemical park scheme

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2026-08-10 06:03 UTC → 2026-08-17 18:05 UTC · added ~~removed~~

In late July 2026, the Indian Union ~~Cabinet, led by Prime Minister Narendra Modi,~~ Cabinet approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) programme. With a total outlay of Rs 3,030 ~~crore—consisting of Rs 3,000 crore for infrastructure and Rs 30 crore for administration—the~~ crore, the scheme aims to develop three large-scale chemical parks over five years (FY 2026-27 to FY 2030-31). Each park is eligible for a central grant of up to Rs 1,000 crore, contingent on a minimum state contribution of Rs 500 crore and the provision of at least 2,000 acres of contiguous land. ~~The initiative provides plug-and-play facilities, including effluent-treatment plants, water supply, and logistics, to boost domestic manufacturing and global competitiveness.~~ In response, West Bengal politicians began lobbying for a park in the ~~state.~~ state, with BJP MP Samik Bhattacharya ~~urged the state government to secure a park by considering~~ suggesting sites such as Singur, Haldia, Raghunathpur, and ~~Durgapur to revitalize the region's industrial base and create jobs.~~ Durgapur. By August 2026, the West Bengal government indicated it was preparing a proposal for the BHAVYA scheme. ~~Additionally, the~~ The state is also finalizing a new industrial policy to prioritize sectors ~~with high demand for ancillary industries—such as~~ like textiles, iron and steel, automotive, and ~~IT—while also~~ IT, while focusing on tea, timber, and tourism in North Bengal to support both large-scale units and MSMEs. Nationally, the BHAVYA scheme has received 87 applications from various states, significantly exceeding the initial target of up to 20 projects for the first round of approvals. During a meeting of the Apex Monitoring Authority of the National Industrial Corridor Development and Implementation Trust (NICDIT), Union Minister Nirmala Sitharaman emphasized the necessity of transitioning from project approvals to the timely completion of infrastructure. She urged states to resolve bottlenecks related to land, connectivity, utilities, and statutory clearances. Additionally, Union Minister Piyush Goyal noted that developments should align with PM GatiShakti through an integrated area-development approach.

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