Chief Minister Dr. Mohan Yadav said Madhya Pradesh is poised to become a leading global hub for chemicals and petrochemicals, offering significant investment opportunities in petrochemicals, fertilisers, speciality chemicals, and pharmaceuticals. Addressing the inaugural session of India Chem-2026 at the Bombay Exhibition Centre in Mumbai on Thursday, he assured investors of the state government’s full support through a transparent, streamlined and industry-friendly investment system.
Chief Minister Dr. Yadav said Prime Minister Narendra Modi has set a target of taking the turnover of businesses related to chemicals and fertilisers to USD 1 trillion by 2040. He invited domestic and international investors to explore Madhya Pradesh’s industrial potential and participate in the Global Investors Summit-2027. The three-day India Chem-2026, themed “Advantage Bharat – An Emerging Global Chemicals Hub,” will continue until October 24.
Bina Emerging as Petrochemical Hub
Chief Minister Dr. Yadav said Bina is becoming a major centre for petrochemical industries. Prime Minister Shri Narendra Modi has performed the Bhoomi Poojan for a downstream petrochemical unit in Bina, Sagar district, at an investment of approximately ₹50,000 crore. The unit is expected to produce over 2.2 million tonnes of petrochemical products annually.
Bharat Petroleum Corporation Limited’s ethylene cracker and refinery expansion project, involving approximately ₹49,000 crore, will further strengthen petrochemical-based industries in Central India. Chief Minister Dr. Yadav urged companies such as Indian Oil, Reliance and Haldia Petrochemicals to explore polymer processing and distribution opportunities around Bina.
CM also highlighted the modern plastic parks at Tamot in Raisen district, spread across 121 acres, and Bilaua in Gwalior, spread across 93 acres. These facilities will support polymer processing and MSME growth. The PM MITRA Textile Park in Dhar is expected to create opportunities for textiles, polymers, chemicals and allied industries.
Chief Minister Dr. Yadav, highlighting opportunities in gas-based industries, cited GAIL’s gas-processing facilities and green hydrogen plant at Vijaypur, GAIL India’s petrochemical project at Ashta in Sehore district, Grasim Industries’ industrial complex at Nagda and the proposed petrochemical project at Dewas.
Investment Opportunities across Chemicals and Allied Sectors
Chief Minister Dr. Yadav invited agrochemical companies such as UPL, PI Industries, Dhanuka and Syngenta to consider Madhya Pradesh as a manufacturing destination. He also encouraged Deepak Nitrite, Aarti Industries and global companies such as BASF, Dow, Arkema, LANXESS and Mitsubishi Chemical to explore opportunities in speciality chemicals and future industrial expansion.
CM Mohan Yadav said Madhya Pradesh’s strategic location, surplus power, adequate water resources, industrial land bank, plug-and-play infrastructure; extensive road network, airports, inland container depots and skilled workforce make it an attractive investment destination.
The state has received investment proposals worth more than ₹34 lakh crore over the past nearly three years, with proposals worth over ₹12 lakh crore moving towards implementation.
Chief Minister Dr. Yadav said that this progress reflects the state’s transparent policies and investor-friendly environment. He added that India exports petrochemical and organic products to more than 170 countries, while chemical and petrochemical production has grown by approximately 25% over the past 12 years. He emphasised that global supply-chain disruptions present opportunities for investment and expansion in the sector.
Union Government Announces Support for Chemical Parks and R&D
Union Minister for Health and Family Welfare and Chemicals and Fertilisers Jagat Prakash Nadda said India’s petrochemical industry is currently valued at USD 220 billion, with a target of reaching USD 1 trillion by 2040. Under the vision of Viksit Bharat 2047, India’s chemical and petrochemical industries are projected to exceed USD 1.6 trillion in value. Nadda said the Union Government would provide ₹1,000 crore for each major chemical park under the proposed scheme to promote petrochemical and ancillary industries. The Centre would also facilitate the environmental clearances required for developing world-class chemical parks. He further highlighted the provision of a ₹1 lakh crore fund to encourage research and development in advanced petrochemical and chemical industries. He stressed the importance of sustainable manufacturing, reduced carbon emissions, employee training and industrial safety.
