SYLLABUS
GS-3: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment; industrial policy and their effects on industrial growth.
Context: The Union Cabinet has approved the BHAVYA Rasayan Scheme to establish three dedicated Chemical Parks across India for strengthening the chemical and petrochemical sector through world-class common infrastructure.
About the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) Scheme
- Announced in: Union Budget 2026–27 as a Central Sector Scheme.
- Implementing Period: FY 2026–27 to FY 2030–31 (5 years).
- Total Financial Outlay:₹3,030 crore
- ₹3,000 crore for developing common infrastructure and basic utilities.
- ₹30 crore for administrative expenditure.
- Objective: To establish three dedicated Chemical Parks with plug-and-play common infrastructure and basic utilities for promoting investment, domestic manufacturing and competitiveness of India’s chemical industry.
- Financial Assistance:
- Central grant of up to ₹1,000 crore per Chemical Park.
- Subject to a minimum contribution of ₹500 crore by the respective State Government.
- Selection of Parks: Through a Challenge Route among States.
- Land Requirement:
- Minimum 8 sq. km. (2,000 acres) of contiguous, encumbrance-free land for each park.
- Parks may be Greenfield or Brownfield, depending on the proposal of the State Government.
- Estimated Investment: Each park is expected to attract ₹20,000–50,000 crore of investments, while the Central assistance is limited to common infrastructure.
- Common Infrastructure Facilities:
- Common Effluent Treatment Plant (CETP).
- Treatment, Storage and Disposal Facility (TSDF).
- Hazardous Waste Management infrastructure.
- Water supply and distribution systems.
- Solvent recovery and distillation facilities.
- Steam generation and distribution network.
- Interconnected pipeline network.
- Logistics and warehousing facilities.
- Coverage: The scheme supports the entire chemical value chain, including upstream, downstream and ancillary industries.
Benefits of the Scheme
- Strengthens the Chemical Industry Ecosystem: Promotes the development of upstream, downstream and ancillary industries, enabling efficient resource utilisation and reducing logistics costs.
- Enhances Global Competitiveness and Self-Reliance: Shared common infrastructure improves cost competitiveness, strengthens India’s integration into Global Value Chains (GVCs), boosts exports, supports import substitution, and promotes Atmanirbhar Bharat by enhancing domestic production capacity.
- Attracts Investments and Generates Employment: Encourages domestic and foreign investments, creates large-scale direct and indirect employment, and stimulates growth in downstream industries.
- Promotes Sustainable Industrial Development: Establishes a centralized environmental infrastructure—including Common Effluent Treatment Plants (CETP), Treatment, Storage and Disposal Facilities (TSDF), and hazardous waste management systems—to ensure better environmental compliance.
- Creates a Multiplier Effect Across the Economy: Strengthens key sectors such as agriculture, textiles, pharmaceuticals, nutraceuticals, construction, automobiles and electronics, contributing to the vision of Viksit Bharat @2047.