The Union Cabinet approved the BHAVYA-Rasayan scheme for three dedicated chemical parks. This initiative has a financial outlay of Rs 3,030 crore for infrastructure development. The scheme will run for five years, promoting chemical industry growth and competitiveness.
Source: [Times of India](https://timesofindia.indiatimes.com/india/three-chemical-parks-to-be-set-up-under-bhavya-rasayan-scheme/articleshow/132609993.cms)