BHAVYA Rasayan Scheme: JP Nadda Hails 'Game Changer' at India Chem 2026 Launch
Union Minister JP Nadda inaugurates India Chem 2026 in Mumbai, hailing the BHAVYA Rasayan Scheme as a game changer for India's chemical sector.
Union Minister for Chemicals and Fertilisers and Health and Family Welfare, JP Nadda, has officially inaugurated the 14th edition of India Chem 2026 in Mumbai. During the event, the Minister highlighted the government's commitment to creating a conducive environment for the chemical industry, specifically pointing to the BHAVYA Rasayan Scheme as a transformative force for the sector.
A Vision for Global Competitiveness
Addressing a gathering of policymakers and industry titans, JP Nadda emphasized that a world-class chemical and petrochemical industry is essential for achieving the goals of an Atmanirbhar Bharat (Self-reliant India) and the vision of Viksit Bharat by 2047. He noted that the sector is indispensable to the nation's growth trajectory.
The Minister detailed the strategic pillars of the BHAVYA Rasayan Scheme, which aims to develop globally competitive chemical manufacturing hubs. Key focus areas include:
- Integrated Value Chains: Streamlining production from raw materials to finished products.
- Connectivity: Ensuring seamless access to ports, railways, airports, and roads to facilitate efficient logistics.
Nadda remarked that these initiatives present massive opportunities for both domestic players and the numerous multinational corporations already operating within India.
Prime Minister's Call to Action
During the ceremony, Minister Nadda shared a message from Prime Minister Narendra Modi. The Prime Minister noted that the expansion of India's Free Trade Agreements (FTAs) and a renewed focus on the ease of doing business are carving out new pathways for international investment.
"I am confident that Indian chemical manufacturers will take advantage of these opportunities to strengthen their presence in global supply chains," the Prime Minister stated, expressing hope that India Chem 2026 would foster partnerships for long-term sectoral development.
State Leaders Pitch Investment Opportunities
The event saw strong participation from state leadership, with Chief Ministers Devendra Fadnavis (Maharashtra), Mohan Yadav (Madhya Pradesh), and Mohan Charan Manjhi (Odisha) urging business leaders to explore investments in their respective states.
Maharashtra's Industrial Edge
Chief Minister Devendra Fadnavis highlighted the critical nature of the chemical industry for Maharashtra, noting that it currently provides employment to approximately three lakh people. He announced that the state is crafting a forward-looking, investment-friendly policy centered on the ease of doing business.
Madhya Pradesh and Odisha
Similarly, the Chief Ministers of Madhya Pradesh and Odisha invited industry captains to leverage their state-specific infrastructure and business-friendly policies designed specifically for the chemicals and petrochemicals sectors.
Infrastructure and Implementation
Union Minister of State Anupriya Patel further elaborated on the Bharat Audyogik Vikas Yojna (BHAVYA) Rasayan Scheme, revealing that the government has launched the scheme to establish three new dedicated Chemical Parks. She stressed that the success of these parks depends on close collaboration between state governments and industry leaders.
Adding to the technical scope of the event, Tejveer Singh, Secretary of the Department of Chemicals & Petrochemicals, explained that the two-day event would serve as a structured platform for business-to-business (B2B) interactions and focused group discussions on various subsectors.
Key Highlights of the Inauguration
- Knowledge Paper: A joint research paper by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Ernst & Young (EY) was released.
- Exhibition: An international exhibition was opened at the Bombay Exhibition Centre, NESCO, showcasing the latest technologies, equipment, and chemical products.