MP emerging as petrochemical hub: CM Mohan Yadav at India Chem 2026
Synopsis
At India Chem 2026 in Mumbai, Madhya Pradesh CM Mohan Yadav unveiled Bina as the state's newest petrochemical hub — backed by a PM Modi foundation stone, a several-hundred-crore investment and a projected annual output of 2.2 million tonnes. With ₹12 lakh crore in Global Investors Summit pledges reportedly moving to implementation, MP is staking its claim as central India's chemical corridor.
Key Takeaways
MP CM Mohan Yadav spoke at the inaugural session of India Chem 2026 at the Bombay Exhibition Centre on 22 October 2026 .
India's chemical, petroleum and petrochemical market has more than doubled from $120 billion in 2014 , attracting ₹1 lakh crore in FDI over 2014–2026.
Bina is being developed as a new petrochemical hub; the downstream unit is projected to produce over 2.2 million tonnes of products annually.
Investment proposals worth approximately ₹12 lakh crore from MP's Global Investors Summit are now being implemented on the ground.
MP has developed plastic parks of 121 acres in Tamod (Raisen) and 93 acres in Bilowa (Gwalior) .
India targets a one-trillion-dollar chemicals and petrochemicals sector by 2040 .
Madhya Pradesh Chief Minister Mohan Yadav on Thursday, 22 October 2026 positioned his state as a rising force in India's petrochemical landscape, making a series of major industrial announcements at the inaugural session of India Chem 2026 at the Bombay Exhibition Centre, Mumbai. Addressing a gathering that included Union and state ministers, global industry leaders and foreign delegations, Yadav outlined how Madhya Pradesh is translating investment pledges into on-ground projects.
India's Chemical Sector: A Doubling Story
Chief Minister Yadav cited data showing that India's combined chemical, petroleum and petrochemical market stood at $120 billion in 2014 and has more than doubled since then. According to the Chief Minister, the sector attracted ₹1 lakh crore in foreign direct investment between 2014 and 2026, a period he attributed to policy stability under Prime Minister Narendra Modi. He reiterated the national ambition of scaling the sector into a one-trillion-dollar industry by 2040, underscoring Madhya Pradesh's commitment to contributing to that target.
Bina: The New Petrochemical Hub
The centrepiece announcement was the development of Bina as a dedicated petrochemical hub. Prime Minister Modi had already laid the foundation stone for a downstream petrochemical unit at Bina involving an investment of several hundred crore rupees. The facility is projected to produce over 2.2 million tonnes of petrochemical products annually, supplying critical raw materials to sectors including plastics, packaging, pharmaceuticals, textiles and automobiles. The unit is also expected to generate significant employment for the state's youth, though specific job numbers were not disclosed.
₹12 Lakh Crore in Investment on the Ground
Yadav disclosed that investment proposals worth approximately ₹12 lakh crore received at Madhya Pradesh's Global Investors Summit are now being implemented. This on-ground implementation push is backed by infrastructure that the Chief Minister described as investor-friendly: electricity, water and land at competitive rates, surplus power, plug-and-play industrial zones and a simplified regulatory framework. He added that the state has developed modern plastic parks — spanning 121 acres in Tamod (Raisen district) and 93 acres in Bilowa (Gwalior) — to anchor plastic and polymer-based industries.
Textile, Gas and Strategic Infrastructure
Beyond petrochemicals, Yadav highlighted the PM MITRA Park as a successful model textile park and pointed to the strategic role of GAIL's gas infrastructure in Vijaypur and its petrochemical project in Ashta, Sehore district. Together, these assets position Madhya Pradesh as an integrated chemicals and manufacturing corridor in central India.
India Chem 2026: Scale and Context
India Chem 2026 is in its 14th edition and marks 26 years since its inception during the tenure of former Prime Minister Atal Bihari Vajpayee. This year's event features international partner countries including Brazil, Saudi Arabia, China, Germany, the United States, Japan and the European Union, alongside eight Indian state partners: Andhra Pradesh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu and West Bengal. Union Minister of Chemicals and Fertilisers J.P. Nadda, Maharashtra Chief Minister Devendra Fadnavis and Odisha Chief Minister Mohan Charan Manjhi were also present at the inaugural session. Yadav praised both Nadda and FICCI for organising what he called a vital platform for global dialogue amid shifting industrial dynamics.
The three-day deliberations are expected to yield fresh investment proposals and partnerships, with Madhya Pradesh looking to convert visibility at the forum into binding commitments on the ground.
Point of View
A production target of 2.2 million tonnes, and a named supply chain covering plastics, pharmaceuticals and automobiles. What the speech does not address is the gap between announced investment and verified disbursement, a recurring challenge at investor summits. With ₹12 lakh crore in Global Investors Summit commitments supposedly on the ground, independent tracking of actual capital expenditure versus pledges would tell a more complete story. The broader race among Indian states to anchor the chemicals corridor suggests MP's plug-and-play pitch will face stiff competition from Gujarat and Andhra Pradesh, both of which have deeper port and logistics advantages.
NationPress
22 Oct 2026
Frequently Asked Questions
What is India Chem 2026 and where is it being held?
India Chem 2026 is a biennial chemicals and petrochemicals industry conclave now in its 14th edition, being held at the Bombay Exhibition Centre in Mumbai. The event, which started during the tenure of former PM Atal Bihari Vajpayee, has completed 26 years and is one of South Asia's most prominent industrial platforms, featuring partner countries such as the US, Germany, Saudi Arabia and China.
What did MP CM Mohan Yadav announce at India Chem 2026?
CM Yadav announced the development of Bina as a new petrochemical hub, backed by a PM Modi-laid foundation stone and a downstream unit expected to produce over 2.2 million tonnes of petrochemical products annually. He also said ₹12 lakh crore in investment proposals from MP's Global Investors Summit are now being implemented, and highlighted plastic parks in Tamod and Bilowa.
How large is India's chemical and petrochemical sector today?
According to CM Yadav's address, the sector has more than doubled from $120 billion in 2014, and attracted ₹1 lakh crore in foreign direct investment between 2014 and 2026. The government's stated goal is to grow the sector into a one-trillion-dollar industry by 2040.
What industries will the Bina petrochemical unit serve?
The downstream petrochemical unit at Bina is designed to supply critical raw materials to industries including plastics, packaging, pharmaceuticals, textiles and automobiles. It is projected to produce over 2.2 million tonnes of petrochemical products per year and is expected to generate employment for Madhya Pradesh's youth.
Which states and countries are participating in India Chem 2026?
Eight Indian states — Andhra Pradesh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu and West Bengal — are state partners. International partner countries include Brazil, Saudi Arabia, China, Germany, the United States, Japan and the European Union.
