India's Chemicals and Petrochemicals Sector: A Foundation for Industrial Growth

India's chemicals and petrochemicals sector is expanding through dedicated parks, investment regions, and research initiatives to boost domestic manufacturing and global competitiveness.

• India's chemicals sector is valued at USD 220 billion and projected to reach USD 300 billion by 2030.
• FDI inflows in the sector reached ₹1,04,895 crore during 2014–2026.
• The Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) Scheme was approved in July 2026 with a total outlay of ₹3,030 crore.
• PCPIRs in Dahej, Visakhapatnam–Kakinada, and Paradeep have attracted ₹3.4 lakh crore in investment and generated 3.7 lakh jobs.
• The Research, Development and Innovation Scheme, launched in November 2025, has a corpus of ₹1 lakh crore.