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Union Cabinet Approves BHAVYA – Rasayan Scheme for Chemical Parks with Rs 3,030 Crore Investment

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New Delhi, July 24 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the Bharat Audyogik Vikas Yojana Rasayan or BHAVYA – Rasayan Scheme for establishing three dedicated Chemical Parks in the country with an investment of Rs 3,030 crore. The scheme, announced in the Union Budget of FY 2026–27, has an allocation of Rs 3,000 crore towards meeting the cost of establishing common infrastructure facilities and basic utilities inside the parks, while the remaini…