Indorama Ventures Public Company Limited has taken another significant step toward advancing the circular economy by launching a Zero Waste to Landfill initiative at its PETValue Philippines recycling facility. The partnership with Republic Cement and Building Materials demonstrates how cross-industry collaboration can maximize resource efficiency, reduce landfill waste, and support sustainable manufacturing.

Partnership Promotes a Circular Economy

Through its recycling business, IndoNova, Indorama Ventures converts post-consumer PET bottles into high-quality food-grade recycled PET (rPET), enabling used plastic bottles to be transformed into new food-grade packaging. While bottle-to-bottle recycling remains central to its sustainability strategy, the company continues to develop innovative solutions that extend the life cycle of materials beyond conventional recycling. As a result, PETValue Philippines, a joint venture between Indorama Ventures and Coca-Cola Europacific Aboitiz Philippines, has partnered with Republic Cement to launch the Zero Waste to Landfill initiative.

Philippines’ First Food-Grade PET Recycling Facility

Located in Cavite, PETValue Philippines is the country’s first bottle-to-bottle food-grade PET recycling facility. The plant processes used PET bottles and converts them into new food-grade plastic packaging, supporting the growing demand for recycled packaging materials. However, during the recycling process, bottle caps and labels cannot be recycled into new PET products. Instead of sending these materials to landfill, they are recovered by ecoloop, Republic Cement’s resource recovery business.

Non-Recyclable Plastic Waste Becomes Alternative Fuel

Under the initiative, bottle caps, labels, and other non-recyclable plastic materials are co-processed as alternative fuel in Republic Cement’s manufacturing facilities. This approach not only diverts waste from landfills but also recovers energy from materials that would otherwise be discarded. Consequently, the partnership improves resource utilization while supporting more sustainable cement production.

Collaboration Drives Resource Efficiency

Pankaj Sinha, Business Head – Recycling, IndoNova, Indorama Ventures, said the company believes circularity extends beyond recycling bottles into new bottles. According to Sinha, Indorama Ventures continually seeks innovative ways to recover value from every possible material generated during the recycling process. He added that the partnership illustrates how innovation and collaboration can eliminate waste, improve resource efficiency, and move industries closer to achieving a truly circular economy.

Cross-Industry Partnership Unlocks Greater Value

By combining PETValue Philippines’ advanced bottle-to-bottle recycling technology with Republic Cement’s expertise in resource recovery, the initiative creates a more integrated circular solution. Instead of allowing residual waste to end up in landfill sites, valuable materials remain in productive use, demonstrating how partnerships across industries can unlock additional environmental and economic value. Highlighting the collaboration, Atty. Angela Edralin-Valencia, Director of ecoloop, said the company helps partners recover value from waste while reducing dependence on landfills. She described the PETValue partnership as a strong example of circularity in action.

Indorama Ventures Strengthens Global Recycling Leadership

The Zero Waste to Landfill initiative reflects Indorama Ventures’ long-term commitment to expanding circular solutions beyond traditional bottle-to-bottle recycling. Since entering the plastics recycling business in 2011, the company has recycled nearly 180 billion post-consumer PET bottles worldwide. Today, its global recycling operations process more than 700 PET bottles every second, making it one of the world’s leading PET recyclers.

Accelerating Sustainable Waste Management

By combining world-class PET recycling technology with strategic industry partnerships, Indorama Ventures continues to reduce plastic waste, improve material recovery, and strengthen circular economy systems. As per the press release, the collaboration with Republic Cement not only supports responsible waste management in the Philippines but also demonstrates how innovative partnerships can accelerate industrial sustainability, reduce landfill dependency, and contribute to a low-carbon, resource-efficient future.

Linde signed six new Power Purchase Agreements (PPAs) to procure renewable electricity across Europe, Africa, and India, further strengthening its commitment to sustainability and low-carbon operations. The agreements will significantly expand the company’s renewable energy portfolio while supporting its long-term climate goals.

New PPAs to Power Operations with Renewable Energy

The newly signed agreements cover Linde’s operations in Spain, Greece, South Africa, and India. Through these PPAs, the company will source renewable electricity generated from newly developed wind and solar energy projects. Collectively, the agreements will provide approximately 0.63 terawatt-hours (TWh) of renewable electricity annually, enabling Linde to further reduce the carbon intensity of its operations across the EMEA (Europe, Middle East & Africa) and APAC (Asia Pacific) regions.

Renewable Power Continues to Grow

Linde continues to accelerate its transition toward cleaner energy sources. The company stated that low-carbon electricity now accounts for nearly 50% of its global power consumption. Furthermore, Linde has increased its active renewable electricity procurement by 2.7 times compared to its 2021 baseline. Renewable power purchases have grown from 2.8 TWh in 2021 to 7.6 TWh in 2025, reflecting the company’s sustained investment in renewable energy sourcing.

Supporting Linde’s 2035 Climate Targets

The new renewable energy agreements represent another important milestone in Linde’s global sustainability strategy. Erin Catapano, Vice President – Sustainability, Linde, said, “By continuing to actively secure new sources of renewable power, we are accelerating progress toward our target to reduce absolute emissions by 35% by 2035 while supporting our customers in reducing their own emissions.” The company continues to prioritize renewable electricity procurement as one of the key initiatives for lowering operational greenhouse gas emissions and advancing industrial decarbonisation.

Helping Customers Reduce Carbon Emissions

Beyond reducing emissions within its own operations, Linde is also helping customers achieve their sustainability objectives. In 2025, the company enabled customers to avoid approximately 98 million metric tons of carbon dioxide equivalent (CO₂e) emissions. This figure is more than twice the greenhouse gas emissions generated by Linde’s own global operations, highlighting the company’s growing contribution to industrial decarbonization worldwide.

Sustainability Leadership Recognized Globally

Linde’s sustainability performance continues to receive global recognition through inclusion in several leading environmental, social, and governance (ESG) benchmarks. These recognitions underscore Linde’s commitment to responsible business practices, climate action, and sustainable industrial growth.

Strengthening the Transition to Low-Carbon Industry

With the addition of six new renewable power purchase agreements, Linde continues to expand its renewable energy footprint across key international markets. As per the press release, as industries increasingly pursue decarbonisation, the company’s investments in wind and solar energy reinforce its position as a global leader in sustainable industrial gases and climate-focused innovation.

Tata Chemicals Limited announced its financial results for the first quarter ended June 30, 2026, delivering resilient operational performance despite a challenging global business environment. The company recorded strong revenue growth driven by higher production and sales volumes, although continued pressure on international soda ash prices impacted overall profitability.

Leadership Commentary

R. Mukundan, Managing Director and CEO, Tata Chemicals Limited, said the company remained resilient during the quarter despite external challenges. He noted that higher sales and production volumes, improved operating efficiencies, and disciplined cost management supported the company’s performance. However, exports of soda ash from the United States to Southeast Asia continued to face pricing pressure due to persistent oversupply and unremunerative market conditions.

Mukundan added that Tata Chemicals continues to execute its LIFE (Living, Industrial, Farm Essentials) strategy, which focuses on reshaping the business portfolio towards sustainability-driven and application-focused businesses while maintaining its core strengths. The strategy aims to gradually reduce dependence on cyclical businesses and build a structurally resilient growth platform capable of delivering stable long-term earnings.

Living Essentials Business Outlook

The company expects demand in its Living Essentials portfolio to remain healthy, supported by increasing premiumisation across the food, beverage, pharmaceutical, and animal feed industries. Core products such as salt and sodium bicarbonate are expected to deliver steady growth. Meanwhile, the prebiotics business is likely to witness faster expansion as consumers increasingly focus on health, nutrition, and wellness.

Industrial Essentials Continue to Face Challenges

The outlook for the Industrial Essentials segment, primarily comprising soda ash, remains challenging in the near term. According to the company, the global soda ash industry continues to experience excess production capacity, weak demand, and oversupply. Additionally, geopolitical uncertainties, along with elevated energy, freight, and raw material costs, continue to pressure margins and product realizations across international markets.

Positive Long-Term Outlook for Farm Essentials

The company remains optimistic about its Farm Essentials business, led by Rallis India. India’s agricultural sector is expected to benefit from improved irrigation infrastructure, increasing adoption of modern farming technologies, supportive government initiatives, and resilient rural demand. Nevertheless, Tata Chemicals cautioned that unpredictable monsoon patterns, potential El Niño conditions, and rising input costs remain key risks for agricultural production.

Standalone Financial Highlights – Q1 FY2026-27

Tata Chemicals reported a strong improvement in its standalone financial performance during the quarter. Revenue from operations increased 10% year-on-year to ₹1,281 crore, driven by higher sales volumes and improved realizations.  EBITDA rose 35% to ₹364 crore, supported by stronger volumes and better pricing, although partially offset by higher operating costs.  Profit After Tax (PAT) from continuing operations grew 12% to ₹343 crore compared with the corresponding quarter last year.

Consolidated Financial Highlights – Q1 FY2026-27

On a consolidated basis, Tata Chemicals recorded healthy revenue growth, although profitability came under pressure from weak international pricing. Revenue from operations increased 14% year-on-year to ₹4,255 crore, primarily driven by higher sales volumes that compensated for lower realizations.

EBITDA stood at ₹555 crore, compared with ₹649 crore in Q1 FY2025-26. The decline was mainly attributed to weaker realizations in overseas subsidiaries, particularly due to lower soda ash export prices from the United States to Southeast Asian markets.  Profit After Tax (PAT) declined significantly to ₹60 crore from ₹316 crore in the corresponding quarter last year. Lower product realizations, reduced other income, and lower income from joint ventures impacted overall profitability.  Net debt (excluding lease liabilities) reduced to ₹5,692 crore as of June 30, 2026, reflecting the successful monetization of assets during the quarter.

Strategic Focus Remains on Sustainable Growth

Despite near-term challenges in the global soda ash market, Tata Chemicals continues to strengthen its business through portfolio transformation, operational efficiency, and sustainability-led investments. As per the press release, the company expects its LIFE strategy to create a balanced business mix with greater exposure to non-cyclical, high-value applications, positioning it for stable and sustainable long-term growth.

Engineers India Limited (EIL) signed a Memorandum of Understanding (MoU) with the CSIR–Institute of Minerals and Materials Technology (CSIR-IMMT) to strengthen India’s capabilities in critical mineral processing, extractive metallurgy, and indigenous technology development. The strategic partnership aims to support the objectives of India’s National Critical Mineral Mission by developing advanced technologies for the exploration, processing, and commercial utilization of critical minerals. The collaboration also aligns with the country’s vision of building a resilient and self-reliant critical minerals ecosystem.

Supporting India’s Critical Mineral Mission

The EIL-CSIR-IMMT partnership is expected to play a vital role in strengthening India’s domestic critical mineral value chain. By combining EIL’s engineering and project execution expertise with CSIR-IMMT’s scientific research capabilities, the two organizations aim to accelerate innovation and develop indigenous technologies for strategic mineral processing. The collaboration will help reduce India’s dependence on imported critical minerals, which are essential for clean energy, electronics, electric vehicles, aerospace, defense, and other strategic industries.

Joint Research and Development Initiatives

As part of the agreement, EIL and CSIR-IMMT will undertake joint research and development (R&D) projects focused on advancing technologies across the critical minerals sector. The key research areas include advanced mineral processing technologies, innovative extraction techniques, extractive metallurgy and strategic mineral recovery methods. Through these initiatives, the organizations aim to improve resource efficiency, maximize mineral recovery, and develop cost-effective processing solutions for India’s growing industrial needs.

Scaling Laboratory Innovations for Industry

A major focus of the collaboration will be transforming laboratory-scale innovations into commercially deployable technologies. To achieve this, EIL and CSIR-IMMT will work together to enhance technology readiness levels, scale up promising mineral processing technologies, support industrial implementation and commercialization and facilitate technology transfer to manufacturing and processing industries. The partnership will help bridge the gap between scientific research and large-scale industrial deployment.

Driving Indigenous Technology Development

The collaboration is expected to accelerate the development of indigenous technologies for critical minerals, reducing reliance on imported processing technologies while strengthening India’s technological capabilities. The partnership will encourage innovation across the mining, metallurgy, and mineral processing sectors, creating new opportunities for sustainable resource development and value addition.

Strengthening India’s Strategic Mineral Supply Chain

Critical minerals are indispensable for next-generation technologies, including renewable energy systems, battery manufacturing, semiconductors, electric mobility, and advanced defense applications. By jointly developing advanced mineral processing solutions, EIL and CSIR-IMMT aim to establish a robust domestic supply chain capable of meeting India’s future industrial and strategic requirements. As reported by indianmasterminds.com, the MoU marks an important step toward enhancing India’s self-reliance in critical minerals, fostering indigenous innovation, and supporting the country’s long-term goals of sustainable industrial growth and technological leadership.

Oil and Natural Gas Corporation (ONGC) commenced drilling a key deepwater exploratory well in the Mahanadi offshore basin off the Odisha coast, marking another important milestone in India’s efforts to boost domestic oil and gas exploration. The drilling campaign forms part of the Government of India’s ‘Samudra Manthan’ initiative, which focuses on accelerating hydrocarbon exploration in deepwater and ultra-deepwater regions to strengthen the country’s energy security. Located in the Mahanadi offshore basin, approximately 23 nautical miles from ONGC’s Konark discovery, the well will evaluate the basin’s hydrocarbon potential following the company’s recent offshore discoveries. The exploration programme is expected to generate valuable geological data that could support future oil and natural gas development in the region.

Building on Utkal and Konark Discoveries

The latest drilling campaign builds upon ONGC’s earlier Utkal and Konark discoveries, which have significantly improved the hydrocarbon prospectivity of the Mahanadi offshore basin. The company first achieved a major deepwater breakthrough in the MN-DWN-98/3 block in 2006. Since then, continued exploration activities have indicated the presence of multi-trillion cubic feet (TCF) of natural gas reserves, highlighting the basin’s long-term resource potential. Consequently, ONGC continues to intensify exploration efforts to unlock additional hydrocarbon reserves and support India’s growing energy demand.

DeepX Centre to Strengthen Offshore Exploration

To enhance its deepwater exploration capabilities, ONGC has established a dedicated Deepwater Exploration Mission Centre (DeepX) in Mumbai. The state-of-the-art facility brings together advanced geoscientific expertise, high-end seismic and data interpretation capabilities, specialized technical training and international technology collaborations. The centre operates under ONGC’s ‘One Company, One Data’ strategy, which integrates geological and exploration data to improve decision-making, reduce exploration risks, and accelerate offshore resource development.

Supporting India’s Energy Security

The commencement of drilling at the Mahanadi offshore basin reflects ONGC’s continued commitment to expanding India’s domestic hydrocarbon resources. By advancing deepwater exploration, adopting advanced technologies, and strengthening technical capabilities through initiatives such as DeepX, the company aims to increase domestic oil and gas production, reduce import dependence, and contribute to India’s long-term energy security. As reported by projectstoday.ai, the latest exploration campaign also reinforces the strategic importance of deepwater resources in meeting the country’s future energy requirements while supporting sustainable growth in the upstream oil and gas sector.

Dreamfly Innovations, an Indian deep-tech company specializing in advanced aviation battery technologies, announced plans to establish a 40,000 sq. ft. aviation battery manufacturing facility in North Bengaluru. The facility will have an initial annual production capacity of 100 MWh, which can be expanded to 200 MWh, making it one of India’s largest aviation battery manufacturing facilities dedicated to the drone industry. The investment represents a major step toward strengthening India’s indigenous drone ecosystem while supporting the country’s ambitions to become a global hub for drone manufacturing and advanced aerial mobility.

Large-Scale Facility to Power India’s Drone Industry

The manufacturing facility will produce advanced aviation batteries for a broad range of drone applications, including defense, surveillance, infrastructure inspection, agricultural spraying, logistics and delivery and emerging air mobility platforms such as air taxis. By manufacturing
high-performance aviation batteries domestically, Dreamfly aims to strengthen India’s drone supply chain and reduce dependence on imported battery technologies.

Supporting Indigenous Manufacturing

Dreamfly Innovations currently achieves 77% indigenous content, aligning closely with the objectives of the Kisan Drone Policy and the Government of India’s broader localization initiatives. The company plans to develop advanced battery solutions within the country, enabling Indian drone manufacturers to source critical power systems domestically. As a result, the initiative will reduce import dependence while promoting self-reliance in advanced manufacturing technologies.

Advanced Battery Technology to Improve Drone Performance

Kajal Shah, Co-Founder and CEO of Dreamfly Innovations, emphasized the critical role batteries play in drone performance. She said that a drone’s performance, safety, endurance, and reliability are fundamentally dependent on its battery technology. As India’s drone economy continues to expand, developing domestic expertise in aviation batteries has become increasingly important. According to Shah, the manufacturing facility will enable Dreamfly to produce state-of-the-art batteries in India while supporting domestic drone manufacturers and contributing to the vision of Viksit Bharat, Make in India, and Atmanirbhar Bharat.

Avaana Capital Backs Manufacturing Expansion

Vikas Verma, Partner at Avaana Capital, said the manufacturing facility reinforces Dreamfly’s position as a leading innovator in next-generation battery technologies. He noted that the expansion marks an important milestone in developing India’s advanced aerial mobility ecosystem by reducing import dependence and enabling Indian drone manufacturers to build safer, more reliable, and globally competitive platforms. He also expressed confidence that the investment would strengthen India’s deep-tech manufacturing ecosystem and accelerate the country’s ambition of becoming a global center for drones and future aviation technologies.

Strengthening India’s Deep-Tech Manufacturing Ecosystem

The aviation battery manufacturing facility reflects Dreamfly Innovations’ long-term commitment to advancing India’s deep-tech manufacturing capabilities. By developing indigenous aviation battery technologies at scale, the company aims to support the next phase of growth in India’s drone industry while creating a robust domestic supply chain for advanced aerial systems. As per the press release, the project is expected to enhance India’s technological self-reliance, promote innovation in battery manufacturing, and reinforce the country’s position as a future leader in drone and advanced aviation technologies.

L&T Heavy Engineering, the high-tech manufacturing arm of Larsen & Toubro (L&T), bagged a series of major international orders across Asia, Africa, North America, South America, and Europe. The contracts further strengthen the company’s position as a leading global supplier of critical process plant equipment for the refining, petrochemical, fertilizer, and energy sectors. The latest order highlight L&T’s growing international footprint and reinforce customer confidence in its advanced engineering and manufacturing capabilities.

Major Orders from Dangote Group

A key highlight of the new business is the award of multiple contracts from Dangote Group, Africa’s largest industrial conglomerate. Under the agreements, L&T Heavy Engineering will supply critical process equipment for a mega refinery project in Nigeria and multi-train fertilizer expansion projects in Nigeria and Ethiopia. The scope of work includes manufacturing and supplying several high-value process plant components, including the world’s largest Fluid Catalytic Cracking (FCC) Reactor-Regenerator Package, critical urea processing equipment and essential ammonia plant equipment. These projects will support the expansion of refining and fertilizer production capacity across Africa.

Repeat Order for Canada’s LNG Project

In addition to its African contracts, L&T secured a repeat order from a Japanese customer for an LNG project in Canada. The company will manufacture and supply heat exchangers and absorbers. The repeat business reflects the customer’s continued confidence in L&T’s engineering expertise, product quality, and reliable project execution.

Orders Across Spain, the US and Brazil

L&T Heavy Engineering has also expanded its global order book by winning contracts from customers in Spain, the United States, and Brazil. The orders include the supply of several core process plant equipment, such as coke drums, fractionator columns and heat exchangers. These specialized products are widely used in refineries, petrochemical complexes, and energy processing facilities worldwide.

Reinforcing Global Manufacturing Leadership

Anil Parab, Whole-time Director and Senior Executive Vice President – Manufacturing, L&T, said the contracts reaffirm customers’ trust in L&T’s world-class manufacturing capabilities. He added that the company’s consistent track record of delivering high-quality process equipment continues to strengthen its reputation among global clients and supports its long-term international growth strategy.

Strengthening Presence in Global Process Industries

The latest international orders further enhance L&T Heavy Engineering’s presence in key global markets while expanding its contribution to large-scale refinery, fertilizer, LNG, and petrochemical projects. As per the press release, by delivering technologically advanced and highly engineered process equipment, the company continues to support critical industrial infrastructure projects worldwide and reinforce its position as a trusted global engineering and manufacturing partner.

ACME’s strategic initiative to connect Oman and India through a green fuels corridor marks a significant step in advancing the global clean energy transition. The partnership leverages Oman’s abundant renewable energy resources and India’s growing demand for sustainable fuels, creating a strong foundation for long-term green hydrogen and green ammonia trade. The initiative also reinforces Oman’s ambition to become a leading global producer and exporter of low-carbon energy while supporting India’s clean energy and decarbonisation goals.

Oman Emerges as a Green Hydrogen Hub

Oman is rapidly positioning itself as a major hub for green hydrogen and green ammonia production. Backed by abundant solar and wind resources, favourable government policies, and a strategic location along key international shipping routes, the country is well placed to supply clean fuels to global markets. By partnering with India, one of the world’s fastest-growing energy consumers, Oman is creating new export opportunities for its future green energy production while strengthening regional energy cooperation.

Partnership Supports India’s Clean Energy Transition

India’s growing focus on clean energy and industrial decarbonisation makes it an ideal market for Oman’s green fuels. The collaboration is expected to facilitate the long-term supply of green hydrogen and green ammonia, helping industries reduce carbon emissions while supporting energy security and sustainability objectives in both countries. As demand for low-carbon fuels increases globally, the Oman-India partnership is likely to play an important role in building resilient green energy supply chains.

Major Infrastructure Investments Ahead

The green fuels strategy will require significant investment across the entire clean energy value chain. Key infrastructure developments are expected to include large-scale solar and wind power projects, green hydrogen production facilities, electrolyser plants, green ammonia manufacturing units, hydrogen storage and handling infrastructure and export terminals and modern port facilities. These investments will establish the infrastructure needed to support large-scale production, storage, and international export of green fuels.

Growth Opportunities for the GCC Construction Sector

The initiative is expected to generate substantial opportunities for the GCC construction and engineering industry. As new industrial and energy projects move forward, demand will increase for specialized engineering, procurement, and construction (EPC) services, along with advanced project management and industrial infrastructure expertise. Consequently, the region is likely to witness a robust pipeline of large-scale projects involving renewable energy, hydrogen production, industrial processing, logistics, and export infrastructure.

Driving Economic Diversification and Sustainable Growth

Beyond expanding clean energy capacity, the partnership supports the Gulf region’s broader strategy of diversifying its economy beyond traditional hydrocarbons. By investing in green hydrogen and related industries, Oman aims to attract international investment, accelerate technology adoption, create skilled employment opportunities, and strengthen its position in the global energy transition. The initiative will encourage innovation across the renewable energy and construction sectors while fostering long-term sustainable industrial growth.

Strengthening the Global Green Energy Supply Chain

ACME’s Oman-India green fuels strategy represents more than a bilateral energy partnership. It reflects the growing importance of cross-border collaboration in building a sustainable global energy ecosystem. As reported by gulfcontractnews.com, as green hydrogen and green ammonia become increasingly important to industrial decarbonisation, this initiative is expected to strengthen international clean energy supply chains, enhance regional competitiveness, and accelerate the transition toward a low-carbon economy.

The Confederation of Indian Industry (CII) Telangana hosted the second edition of its flagship conference, ‘Pillars of Protection – Forging a Safer Future for Pharma and Chemical Manufacturing,’ bringing together industry leaders, policymakers, and safety experts to discuss strategies for improving industrial safety across the pharmaceutical and chemical sectors. Speakers unanimously emphasized that safety must evolve beyond regulatory compliance and become a strategic business priority driven by innovation, technology, and proactive risk management.

Telangana Seeks to Build a Global Benchmark in Industrial Safety

Sarvesh Singh, Director and CEO, Life Sciences and Pharma, government of Telangana, said that companies should view safety as a competitive advantage rather than merely a compliance requirement. He highlighted Telangana’s position as a global hub for life sciences and vaccine manufacturing and stressed the state’s responsibility to foster a proactive safety culture. To strengthen industrial safety, Singh encouraged organizations to promote incident reporting and adopt advanced technologies, including Artificial Intelligence (AI), Internet of Things (IoT), Digital twins, wearable safety devices and drone-based inspections. According to him, innovation, quality, and safety are the three pillars of a globally competitive life sciences ecosystem. He urged the industry to work collectively towards making Telangana the safest destination for pharmaceutical manufacturing.

Industry Must Adopt ‘Safety by Design’

Chakravarthi AVPS, Convener, CII Telangana Pharma and Life Sciences Panel, and Chairman and Managing Director of Ecobliss India Pvt. Ltd., called on companies to embed safety into every stage of their operations. “Scale without safety is a liability, and growth without resilience is unsustainable,” he remarked. He urged organizations to move beyond regulatory compliance and embrace “Safety by Design” as a core business philosophy. Furthermore, he stressed that zero-incident operations should become an everyday objective rather than an aspirational goal. He also emphasized that companies should view investments in safety as essential for long-term business sustainability rather than as an operational expense.

Process Safety Critical for Global Competitiveness

R. Sivaprasad Reddy, Past Chairman of CII Telangana and Managing Director of Rachamallu Forgings Ltd., said that robust process safety is fundamental to building a resilient and globally competitive life sciences sector. He noted that process safety extends far beyond regulatory compliance and requires comprehensive emergency preparedness, AI-enabled safety systems, continuous workforce awareness and a strong organizational safety culture. According to Reddy, organizations that prioritize process safety will be better equipped to manage operational risks while strengthening business resilience.

CII Telangana Reaffirms Commitment to Industrial Safety

Reaffirming the industry’s commitment to continuous improvement, R. Sivaprasad Reddy said CII Telangana will continue promoting best practices through knowledge sharing, capacity building, and collaborative industry initiatives. The conference highlighted the growing consensus that technology-driven safety practices, proactive risk management, and a strong safety culture will play a crucial role in shaping the future of India’s pharmaceutical and chemical manufacturing sectors. As reported by thehindubusinessline.com, as the industry expands globally, experts agreed that making safety a strategic priority will not only protect people and assets but also enhance operational excellence, sustainability, and international competitiveness.

The union cabinet approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) with a total outlay of ₹3,030 crore to establish three world-class chemical parks across India. Announced in the union budget 2026–27, the scheme aims to strengthen domestic chemical manufacturing, attract investments, generate employment, and enhance the global competitiveness of India’s chemical industry. The scheme will be implemented over a five-year period, from FY 2026–27 to FY 2030–31, and is expected to create an integrated ecosystem for the country’s rapidly expanding chemical sector.

Three Integrated Chemical Parks Planned

Under the BHAVYA Rasayan Scheme, the government will support the development of three large, dedicated chemical parks. These parks will provide world-class common infrastructure and essential utilities that chemical manufacturers require to establish and expand their operations. By offering shared facilities, the government intends to reduce infrastructure costs, improve operational efficiency, and strengthen the entire chemical manufacturing value chain. As a result, companies will be able to focus more on production and innovation rather than investing heavily in basic infrastructure.

₹3,030 Crore Budget Allocation

The government has allocated ₹3,030 crore for the scheme.

Of the total allocation:

₹3,000 crore will be utilized for developing common infrastructure and basic utilities within the chemical parks.

₹30 crore has been earmarked for administrative and implementation-related expenses.

The scheme will remain operational until FY 2030–31, ensuring sustained support for the development of these industrial hubs.

Central and State Governments to Share Investment

The BHAVYA Rasayan Scheme follows a collaborative funding model involving both the central and state governments. Under the scheme, the central government can provide grants of up to ₹1,000 crore for each chemical park. However, the respective state government must contribute a minimum of ₹500 crore towards the project’s development. The shared investment model is expected to encourage greater participation from states while ensuring faster execution of infrastructure projects.

Parks to Be Selected Through Challenge Route

The three chemical parks will be selected through a Challenge Route, allowing state governments to compete based on their proposals and readiness. To qualify, each proposed chemical park must have a minimum area of eight square kilometres (approximately 2,000 acres) and contiguous and encumbrance-free land suitable for industrial development. These requirements are intended to facilitate the creation of large-scale integrated chemical manufacturing clusters capable of supporting future industrial expansion.

Plug-and-Play Infrastructure to Reduce Costs

A key feature of the BHAVYA Rasayan Scheme is the development of plug-and-play infrastructure. Instead of building individual utilities and support facilities, companies operating within the parks will have access to shared infrastructure such as roads, power supply, water systems, effluent treatment, logistics, and other essential services. Consequently, businesses can significantly reduce project costs, shorten project timelines, and begin commercial operations more quickly.

Supporting India’s Fast-Growing Chemical Industry

India’s chemical and petrochemical sector serves as the backbone of several key industries, including agriculture, pharmaceuticals, nutraceuticals, textiles, construction, automobiles and electronics. By strengthening manufacturing infrastructure, the government expects the scheme to improve supply chain efficiency and support downstream industries that depend on chemical products.

Driving Investment and Manufacturing and Employment

The government expects the BHAVYA Rasayan Scheme to attract significant domestic and foreign investments into India’s chemical sector. At the same time, the new chemical parks are expected to expand manufacturing capacity, encourage technology adoption, create employment opportunities, and improve India’s position as a global chemical manufacturing destination. As reported by indianmasterminds.com, overall, the scheme represents a major step toward building globally competitive chemical manufacturing hubs while supporting the country’s long-term industrial growth strategy.