Cabinet Approves BHAVYA - Rasayan Scheme for Chemical Parks

Cabinet Approves BHAVYA - Rasayan Scheme for Chemical Parks

#GS-3 #Economy #Infrastructure #Current Events #National #Chemical Industry

Why in News

  • The Union Cabinet, led by the Prime Minister, has approved a new scheme called the **Bharat Audyogik Vikas Yojana Rasayan (BHAVYA - Rasayan)**.

About the BHAVYA - Rasayan Scheme

  • This central sector scheme focuses on building chemical and petrochemical manufacturing parks by giving financial help for modern shared infrastructure.
  • The **Department of Chemicals and Petrochemicals** under the **Ministry of Chemicals and Fertilizers** will run this scheme.
  • The program will run for **5 years**, starting from **FY 2026-27** to **FY 2030-31**.
  • It aims to build an eco-friendly and low-cost chemical ecosystem that reduces shipping costs, attracts domestic investment and **FDI**, cuts imports, and boosts India's role in **Global Value Chains (GVCs)**.

Key Features of the Scheme

  • The government has set aside a total budget of **₹3,030 crore**, which includes **₹3,000 crore** for shared facilities and **₹30 crore** for administrative costs.
  • The scheme will set up **three dedicated chemical parks** with world-class facilities across participating states.
  • The Central Government will give up to **₹1,000 crore per park**, while the state government must contribute at least **₹500 crore**.
  • Sites submitted by state governments will be evaluated and selected through a competitive **Challenge Route** framework.
  • States must provide at least **8 sq. km. (2,000 acres)** of continuous and dispute-free land for every park.
  • The parks will feature **Common Effluent Treatment Plants (CETP)** to safely clean industrial wastewater.
  • They will include **Treatment, Storage, and Disposal Facilities (TSDF)** to handle hazardous industrial waste safely.
  • The infrastructure will provide dedicated solvent recovery and distillation units for factories inside the park.
  • The facilities will supply steam through centralized generation and distribution systems for manufacturing needs.
  • The locations will offer interconnected pipeline networks along with modern logistics and warehousing spaces.

Significance of the Scheme

  • These chemical hubs will boost the domestic supply of raw materials for farming, clothing, and electronics, lowering reliance on foreign imports.
  • Shared **CETPs** and waste management sites will lower factory costs, reduce environmental pollution, and support the goals of **Viksit Bharat 2047**.