The Union government has approved the Bharat Audyogik Vikas Yojana Rasayan (BHAVYA Rasayan) scheme. Under the scheme, Rs 3,030 crore will be spent on the development of 3 dedicated chemical parks across the country. Each chemical park will be built on a minimum contiguous area of 8 sq km of encumbrance-free land, with the Centre providing financial assistance of up to Rs 1,000 crore per park. State governments will contribute a minimum of Rs 500 crore towards the project These parks will offer plug-and-play industrial infrastructure, enabling chemical manufacturers to establish operations more quickly while reducing project costs and improving ease of doing business.

Aerospace domain firm Raghu Vamsi Aerospace plans to set up a 50-acre integrated superalloy manufacturing facility in Hyderabad.  The firm plans to invest Rs 600 crore in the project, which will have an annual production capacity of about 5,000 tonnes. This new plan will manufacture round bars, wires, forgings, castings, tungsten carbide powders, and other specialised products. It is expected to begin commercial production in 2028.

Engineering solutions firm Axiscades Engineering Technologies has acquired a 32,847 sq m land parcel at Mamidipally village, Balapur Mandal, Rangareddy District, Telangana. The land is purchased from Telangana State Industrial Infrastructure Corporation (TSIIC) in a deal worth Rs 39.42 crore. As per the firm, the land is acquired for defence hardware manufacturing and an article integration unit.

Minister for Large and Medium Industries in the Government of Karnataka, M.B. Patil, has informed that a 200-acre semiconductor park will be operationalized by December this year under Phase I of Knowledge, Wellbeing and Innovation (KWIN) City in Bengaluru. The minister made the announcemnet while speaking at the inaugural session of the 15th Strategic Electronics Summit-2026. 

Adani Group firm, Adani Energy Solutions (AESL), has bagged a new order worth Rs 8,500 crore. The order is for an inter-state transmission project in Andhra Pradesh to supply power to upcoming green hydrogen and green ammonia projects in the Visakhapatnam region. The work involves the development of a substation at Pendurthi, Vizag, and a substation at Khammam-II, and will be executed through a special purpose vehicle. As per ET, the project will be designed to meet an estimated 4,500 MW of demand from green hydrogen and green ammonia facilities while also supporting rising electricity requirements from data centres and digital infrastructure in the Pendurthi–Vizag region.