India Targets $1 Trillion Chemical Sector as India Chem 2026 Launches
- Event: India Chem 2026 in Mumbai
- Dates: October 22-24, 2026
- Sector goal: $1 trillion by 2040
- Infra push: BHAVYA Rasayan guidelines released
India has set its sights on expanding its chemical and petrochemical industry into a $1 trillion sector by 2040. Unveiling the 14th edition of India Chem 2026 in New Delhi, Minister of State Anupriya Patel called on manufacturers to submit park proposals under the freshly released BHAVYA Rasayan scheme guidelines.
The biennial flagship summit runs October 22 to 24 in Mumbai under the theme Advantage Bharat. Policymakers are explicitly linking chemical output to broader national mandates, including Semiconductor Mission 2.0 and the Critical Mineral Mission, aiming to establish domestic leadership in battery, semiconductor, and specialty chemicals.
To cut operating costs, the Department of Chemicals and Petrochemicals is rolling out dedicated plug-and-play chemical parks through the BHAVYA Rasayan framework. Simultaneously, the ministry is lobbying to include the sector within the central government's ₹1 lakh crore Research Development Innovation scheme to accelerate commercial laboratory-to-market scaling.
Organized jointly with FICCI, the Mumbai summit will host bilateral forums with delegations from the United States, Europe, Russia, and Japan. For producers and chemical exporters, the immediate imperative centers on engaging state governments quickly to secure project clearances under the new park guidelines.
Frequently Asked Questions
When and where is India Chem 2026 taking place?
India Chem 2026 is scheduled to take place in Mumbai from October 22 to 24, 2026.
What is the primary objective of the BHAVYA Rasayan scheme?
The scheme facilitates dedicated chemical parks with plug-and-play infrastructure to lower production costs and attract domestic and foreign direct investment.
What long-term economic target has the government set for the chemical sector?
The Centre aims to grow the Indian chemicals and petrochemicals sector into a $1 trillion industry by 2040.
Source
PIB Press Release ID 2319421, Ministry of Chemicals and Fertilizers · 2026-10-05
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