CHEMICAL PARKS

NEWS: The Union Budget 2026–27 announced India’s first dedicated budgetary support for chemical park infrastructure

ABOUT

• Chemical Parks are planned industrial clusters designed specifically for chemical and petrochemical manufacturing, where multiple units operate together using shared infrastructure and common facilities.
• The parks will follow a cluster-based, plug-and-play model, offering ready industrial land, common utilities, logistics support, and standard environmental compliance facilities
• Aims to strengthen domestic chemical manufacturing, reduce import dependence, improve supply-chain integration, and enhance India’s global competitiveness
• The initiative builds on successful cluster models such as Plastic Parks, Bulk Drug Parks, and Petroleum, Chemicals and Petrochemical Investment Regions(PCPIRs)
• Expected to deepen domestic manufacturing capabilities and enhance India’s integration into global chemical value chains in the coming decade