- A separate policy for the chemical sector
- Big announcement at the end of October
- Preparation of 5 thousand acre chemical park
Mumbai: Maharashtra is all set to implement a dedicated chemical sector policy (Chemical Sector Policy) by the end of October, according to senior state government officials at the 'Mahachem 2026' held in Mumbai. Also, chemical parks of 2,500 to 5,000 acres are being developed and tested at Palghar, Raigad and Ratnagiri, and a 'Maharashtra Industry and Investment Fund' of Rs 1,000 crore is being planned to promote research and development, technology readiness and innovation.
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The upcoming policy will further strengthen Maharashtra's strong chemical manufacturing base and strengthen the state's position as a global hub for the sector. This will open up new investment opportunities in specialty chemicals, advanced materials, battery materials, electronic chemicals, advanced polymers, bioplastics and other high-value sectors. P. Anbalgan (IAS) speaking at Assocham Mahachem 2026 said that the state government is creating a stronger ecosystem for the chemical sector through independent policies, new chemical parks and measures to support innovation and technology-based growth.
“Maharashtra is working on a separate chemical sector policy, which we expect to be implemented by October-end. This policy will address the specific needs of the sector and complement initiatives in bioplastics, biotechnology, biomanufacturing and other emerging sectors,” said Dr. Anbalgan explained.
He added that the state government is exploring sites for chemical parks of 2,500 to 5,000 acres in places like Palghar, Raigad and Ratnagiri. Along with this, speedy approvals and 'ease of doing business' will be top priorities. The proposed ₹1,000 crore Maharashtra Industry and Investment Fund will support research, technological readiness and innovation, thereby strengthening the financial ecosystem for new technologies and businesses.
Hon. Chief Financial Advisor to Chief Minister and Chief Executive Officer of 'Mitra' Mr. Praveen Pardeshi (IAS) said that the chemical and pharmaceutical sector will be very important in realizing Maharashtra's dream of becoming a $1 trillion economy. The competitiveness of the sector will depend on infrastructure, energy and water availability and supporting policy reforms. “Achieving this requires faster development and an ecosystem that attracts more private investment. Affordable power-water supply, flexible energy availability, sustainable water management and complementary policy reforms for strategic sectors like chemicals and pharmaceuticals will be critical to boost Maharashtra's industrial competitiveness.”
Honorable Chief Minister of Maharashtra Shri. Devendra Fadnavis conveyed through Assocham that the state government is committed to attract new investments in the sector and facilitate the business environment through the 'Maitri' single-window platform, faster approvals and policy incentives. “We urge entrepreneurs to choose Maharashtra for their next big project. The state government is committed to creating a business-friendly environment through a single-window 'maitri' platform, speedy permits and strong policy incentives. A special policy for the sector will be announced soon, which will help attract investment and accelerate development.”
Stating that the chemical and petrochemical sector is the main engine of Maharashtra's goal of a $1 trillion economy, the Chief Minister explained that the government will continue to provide financial, logistical and administrative support to create an innovation-driven and sustainable industrial future.
22 billion dollar chemical opportunities for Maharashtra
According to Assocham-EY report 'Maharashtra: Fueling India's Trillion-Dollar Chemical Vision' released in 'MahaChem 2026', Maharashtra's chemical sector is valued at around $22 billion, with over 3,600 factories and 13 declared chemical zones. The sector contributes about 19 percent of India's total chemical GVA and 17 percent of the country's chemical exports. It also accounts for 13.5 percent of Maharashtra's total industrial output and has provided employment to around 3 lakh people.
The report highlights huge opportunities for Maharashtra to move up the value chain and in specialty chemicals, battery materials, electronic chemicals, advanced polymers, specialty coatings, pharma and agrochemical intermediates, bioplastics and other emerging sectors. Assocham Maharashtra State Council President Shri. Milind Hardikar said the sector is at a turning point and the next phase of development will have to move beyond just increasing production capacity to specialty chemicals, high-value derivatives and sustainable green chemistry.
“The sector is at a critical juncture. The issue is not just capacity expansion, but a structural shift towards specialty chemicals, high-value derivatives and sustainable green chemistry. We need to balance development with supply chain robustness, raw material security and sustainable production, and this requires industry and government working together.”
'Mahachem 2026 – 3I(i) organized by Assocham
The conference 'Catalyzing Investments, Innovation and Infrastructure' brought together policymakers, industry veterans, investors, researchers and startups to discuss the next phase of Maharashtra's chemical sector. These included in-depth discussions on investment opportunities, innovation and sustainable production, infrastructure and logistics, standardization and validation, and bringing new chemical technologies from concept to market.
The conference highlighted the need for greater synergy between policy, infrastructure, investment, research and industry to make Maharashtra globally competitive for next-generation chemical production.
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