Overview
- State officials told ASSOCHAM MahaChem 2026 in Mumbai this week that a Chemical Sector Policy will be published by the end of October 2026 to provide sector-specific rules and incentives.
- The government has proposed a Rs 1,000-crore Maharashtra Industries and Investment Fund to support research, technology readiness and commercialisation in high-value chemical segments.
- Officials said they are examining sites in Palghar, Raigad and Ratnagiri for new chemical parks sized between 2,500 and 5,000 acres but stressed these plans are at exploratory and planning stages.
- Chief Minister Devendra Fadnavis and state advisors highlighted faster clearances, the MAITRI single-window platform and competitive utilities as priorities to lure private investment and cut project lead times.
- An ASSOCHAM-EY report cited at the event values Maharashtra’s chemical sector at about US$22 billion with roughly 3,600 factories and 300,000 employees, and industry leaders urged a shift from capacity growth to specialty and sustainable chemistry.