Union Minister for Chemicals and Fertilisers J. P. Nadda on Thursday inaugurated the 14th edition of India Chem 2026 at the Bombay Exhibition Centre, NESCO, in Mumbai, calling the BHAVYA Rasayan Scheme for the chemicals sector a game changer, ANI reported.
Source: ANI via TradingView
Minister of State Anupriya Patel told the gathering that the government has launched the Bharat Audyogik Vikas Yojna (BHAVYA) Rasayan Scheme for three new dedicated chemical parks, and urged industry and state governments to engage closely because states will play a key role in implementing it. Nadda said globally competitive chemical manufacturing hubs under the scheme would be judged on connectivity to ports, railways, airports and roads, along with integrated value chains.
Three-day flagship conclave (October 22–24) in Mumbai, organised by the Department of Chemicals and Petrochemicals with FICCI under the theme 'Advantage Bharat: An Emerging Global Chemicals Hub'. Japan is the partner country; over 200 exhibitors, more than 8,000 business visitors and over 50 CEOs are taking part. India is the world's sixth-largest chemicals producer and Asia's fourth-largest, and the industry is projected to reach USD 300 billion (yaani 300 arab dollar) by 2030 and USD 1 trillion by 2040.
Nadda also read out a message from Prime Minister Narendra Modi for India Chem 2026, in which the Prime Minister said improving the ease of doing business and expanding India's network of free trade agreements are opening new avenues for investment and access to international markets. Nadda said a vibrant, world-class chemical and petrochemical industry is essential for a Viksit and Atmanirbhar Bharat.
Maharashtra Chief Minister Devendra Fadnavis, Madhya Pradesh Chief Minister Mohan Yadav and Odisha Chief Minister Mohan Charan Majhi also addressed the gathering and invited industry to invest in their states. Fadnavis said the chemical industry provides employment to around three lakh people in Maharashtra. A knowledge paper prepared jointly by FICCI and Ernst & Young was released during the inaugural session, according to the report.
Source: ANI via Devdiscourse