Three Chemical Parks to Slash Import Dependence
News Update Union Budget 2026
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Three Chemical Parks to Slash Import Dependence

February 1, 2026
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The government will support states in establishing three dedicated chemical parks through a challenge-based scheme featuring cluster-based plug-and-play infrastructure. This initiative enhances domestic chemical production capacity while reducing import dependency for critical industrial inputs.​ Strategic Rare Earth Ecosystem Development Complementing this, four mineral-rich states—Odisha, Kerala, Andhra Pradesh, and Tamil Nadu—will

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