Overview

• The plan targets a USD 1 trillion chemical output and a 12% share of global value chains by 2040.
• By 2030, it aims to raise India’s GVC share to 5–6%, eliminate a USD 31 billion trade deficit, boost exports by USD 35–40 billion and create around 700,000 skilled jobs.
• A sales-linked operational expenditure subsidy is proposed to spur production of chemicals with high import dependence and strong export potential.
• Existing hubs at Dahej, Paradeep and Vizag will be upgraded and a Chemical Committee set up at major ports to streamline logistics.
• The roadmap emphasizes increased R&D funding, industry-academia partnerships and targeted free trade agreements to drive specialty and green chemical growth.