The Union cabinet approved a new Rs 3,030-crore scheme for three dedicated chemical parks. This initiative aims to strengthen India's chemicals sector with world-class infrastructure. The Bharat Audyogik Vikas Yojana Rasayan scheme will be implemented over five years.
The Centre will provide up to Rs 1,000 crore grant for each park. This plan seeks to boost manufacturing, attract investments, and create jobs.
Summary from source