Haryana Chief Minister Nayab Singh Saini on Friday, 24 July 2026, welcomed the Union Cabinet's approval of the BHAVYA - Rasayan Scheme, calling it a landmark decision that will give India's chemical industry a new identity in global competition. The scheme carries an outlay of ₹3,030 crore and envisages the development of dedicated chemical parks across the country.

Context

Posting on X, CM Saini described the cabinet decision as one that will strengthen industrial infrastructure, attract investment, and generate employment at scale. In his post, he wrote — 'BHAVYA - Rasayan Scheme ko mili swikriti Bharat ke rasayanik udyog ko vaishvik pratispardha mein nayi pahchaan dilaane wala mahatvapurna nirnay hai' — [The approval of the BHAVYA - Rasayan Scheme is an important decision that will give India's chemical industry a new identity in global competition.] He extended his gratitude to Prime Minister Narendra Modi, whose leadership he credited for the decision.

Policy Backdrop

The BHAVYA - Rasayan Scheme fits within a broader industrial policy push that the central government has pursued over recent years. Dedicated chemical and petrochemical parks have been a recurring instrument in India's strategy to cut import dependence in the sector and raise its share in global value chains, building on the Atmanirbhar Bharat manufacturing framework and earlier Production Linked Incentive programmes covering chemicals and petrochemicals launched in 2020.

The ₹3,030 crore outlay signals a significant capital commitment to physical infrastructure — land, utilities, and common facilities — that industry stakeholders have long sought to reduce the cost of setting up chemical manufacturing units in India. The scheme aligns with the government's overarching Viksit Bharat vision, which targets a fully developed Indian economy by 2047.

Stakeholders and Impact

The primary beneficiaries of the scheme are expected to be chemical manufacturers, industrial investors, and the manufacturing workforce. Dedicated parks lower entry barriers for smaller producers by providing shared infrastructure, while also offering large-scale investors the certainty of planned industrial zones with regulatory clarity.

Employment generation is a stated objective of the scheme, as highlighted by CM Saini in his post. The chemical sector is a significant contributor to India's industrial output and export earnings, and expanding its domestic manufacturing base is seen as key to reducing the country's reliance on imports, particularly from China.

What's Next

Attention will now shift to the release of detailed scheme guidelines, the identification of locations for chemical parks, and state-level execution frameworks. Haryana, with its existing industrial belt along the Delhi-Mumbai Industrial Corridor, is among the states that could potentially host such facilities. Industry bodies are expected to engage with the government on investment proposals in the weeks ahead.

The cabinet approval marks the beginning of an implementation cycle whose outcomes — in terms of investment mobilisation and job creation — will determine whether the scheme delivers on its stated ambitions for India's chemical sector.