Budget 2026–27 Proposes Three New Chemical Parks

• Union Budget 2026–27 proposed setting up three new dedicated Chemical Parks through a challenge route on a cluster-based plug-and-play model, plus a ₹20,000 crore CCUS push covering chemicals among five industrial sectors.
• Announced by FM Nirmala Sitharaman on 1 February 2026; nodal body is the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers.
• Aims to cut import dependence and lift India's standing in global chemical value chains — links to GS-III industrial policy, manufacturing, climate-tech.