Union Budget FY 2026-2027: Chemical Parks

• Chemical Parks scheme — a new Union Budget FY 2026-27 initiative supporting States to set up three dedicated chemical parks on a challenge-based, cluster, plug-and-play model.
• Budget Estimate FY 2026-27 outlay: ₹600 crore.
• Aims to cut import dependence, push India up the global chemicals value chain (India is the world's 6th-largest chemical producer).
• Sits alongside a ₹20,000 crore allocation for Carbon Capture, Utilisation and Storage (CCUS) announced in the same Budget — examinable as a paired fact.