Maharashtra to Unveil Dedicated Chemical Industry Policy in November
Maharashtras new chemical industry policy aims to boost investment and job creation, set to launch in the first week of November.
Mumbai, October 22 (Daily Kiran) : Maharashtra Chief Minister Devendra Fadnavis announced on Thursday that the state government is preparing a dedicated policy for the chemical industry, which will be officially released in the first week of November. This initiative includes plans to develop a major chemical industrial hub in the Palghar district’s Dahanu port area.
Fadnavis shared this information during the inauguration ceremony of India Chem 2026. He emphasized that the new policy aims to address the evolving needs of industries, foster investment-friendly infrastructure, and accelerate the expansion of the chemical sector in the state.
Currently, Maharashtra is home to approximately 3,600 chemical units, contributing nearly 19 percent to the country’s gross value added (GVA) in the chemical sector. The state also accounts for 17 percent of the national chemical exports.
The Chief Minister highlighted that the state government is streamlining the approval process for investors through platforms like ‘Maitri’ and ‘Invest Maharashtra,’ ensuring they receive the necessary support.
The chemical sector in Maharashtra currently provides jobs for around 300,000 people, with the potential to double employment opportunities under the new policy.
Madhya Pradesh Chief Minister Mohan Yadav mentioned a significant ₹50,000 crore petrochemical project in Bina during the event, while also discussing plans for expanding plastic and gas-based industrial parks.
Odisha Chief Minister Mohan Chara Majhi stated that his state is transitioning from a mineral-based economy to a chemical industrial economy, promoting investments in green hydrogen, petrochemicals, and fertilizers by leveraging coastal port capacities.
Union Minister of Chemicals and Fertilizers JP Nadda reaffirmed the central government’s commitment to developing the chemical industry through favorable policies, robust infrastructure, and support for research and development.
Nadda noted that India’s chemical industry is currently valued at around $220 billion, with a goal to reach $1 trillion by 2040 and $1.6 trillion by 2047. He highlighted the Bulk Drug Park scheme, which provides up to ₹1,000 crore in support for each park, contingent on state governments contributing at least ₹500 crore to create a world-class industrial ecosystem.
Additionally, he mentioned that advanced chemicals are included in a ₹1 lakh crore research, development, and innovation fund, emphasizing the need for prioritizing industrial safety, safe management of hazardous chemicals, worker training, carbon emission reduction, and expanding plastic recycling infrastructure.
The event also featured remarks from Union Minister of State Anupriya Patel and Gujarat Minister Praful Pansheriya, who stressed the importance of simplifying regulatory compliance and providing support to industries.
