Odisha Chief Minister Mohan Charan Majhi on Friday, 25 July 2026, welcomed the Union Cabinet's approval of the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA-Rasayan) Scheme, calling it a landmark reform in India's path toward becoming a global chemical manufacturing powerhouse. The scheme carries an outlay of ₹3,030 crore and envisages the creation of three world-class chemical parks designed to attract both domestic and international investment.

Context

In his post on X, CM Majhi stated that the scheme 'will attract domestic and global investments, generate large-scale employment and strengthen upstream, downstream and ancillary industries.' He also expressed gratitude to Prime Minister Narendra Modi, describing the initiative as 'visionary' and crediting it with advancing the goals of Atmanirbharta and a Viksit Bharat. The Chief Minister's endorsement signals strong state-level support for the centrally driven industrial push.

The BHAVYA-Rasayan Scheme is structured around the concept of shared infrastructure within dedicated chemical parks. According to the post, this model is intended to lower production costs, promote sustainable waste management, reduce import dependence, and deepen India's integration with global value chains.

Policy Backdrop

The scheme builds on a multi-year policy lineage aimed at strengthening domestic manufacturing. The Make in India initiative, launched in 2014, first positioned India as a target destination for global manufacturing investment. The Atmanirbhar Bharat campaign, announced in 2020, sharpened the focus on self-reliance in critical sectors, including chemicals and petrochemicals.

An earlier framework, the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) policy introduced in 2007, had sought to promote integrated chemical regions with shared utilities and logistics. BHAVYA-Rasayan represents a continuation and deepening of that approach, with an explicit emphasis on sustainable industrial practices and export competitiveness.

India's chemicals sector has long been flagged as strategically important given the country's high import bill for specialty and fine chemicals. Shared-infrastructure parks are seen as a way to bring down capital costs for smaller manufacturers and make Indian chemical exports more price-competitive globally.

Stakeholders and Impact

The primary beneficiaries identified in the post include chemical manufacturers, industrial investors, and the broader manufacturing workforce. By clustering producers within common-infrastructure parks, the scheme aims to create ancillary ecosystems — suppliers, logistics providers, and service firms — that multiply employment beyond the core chemical units.

Sustainable waste management built into the park design is expected to address one of the sector's persistent environmental concerns, potentially easing regulatory compliance for tenants. Boosting exports while reducing reliance on imported chemicals would also strengthen India's current-account position over the medium term.

Odisha, which has been actively positioning itself as an industrial investment destination, stands to benefit if one of the three parks is located in the state. The Chief Minister's prompt and prominent endorsement of the scheme underscores the state government's interest in being part of the rollout.

What's Next

The immediate focus will shift to the announcement of locations for the three chemical parks, which will determine which states attract the bulk of early investment flows. Domestic and global chemical firms are expected to begin preliminary engagement with the government once site details are confirmed.

Subsequent investment proposals, infrastructure tendering, and state-level land-allocation decisions will define the pace at which the scheme's ₹3,030 crore outlay translates into on-ground activity. The BHAVYA-Rasayan Scheme could become a key data point in India's pitch to global supply chains looking to diversify manufacturing bases away from single-country dependence.