Last Updated: 17 Oct 2025

New Schemes of Petrochemicals (NPS)

The New Schemes of Petrochemicals (NPS) aim to establish dedicated plastic parks and Centres of Excellence in polymer technology while promoting the chemical and petrochemical industry through awareness and development initiatives.

Key initiatives under the scheme include

  • Setting up of dedicated Plastic Parks in the field of petrochemicals and setting up of Centres of Excellence (CoE) in Polymer Technology
  • Chemical Promotion and Development Scheme (CPDS) will be subsumed under the NPS from FY 2023-24. 
    • The scheme envisages creating awareness and dissemination of information for promotion and development of chemical and petrochemical industry. 
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