A dedicated Chemical Sector Policy is set to be unveiled by the end of October. This policy will encourage investments in various high-value segments, including specialty chemicals and advanced materials. Plans for large chemical parks are also in the works, with potential locations being examined.

The proposed chemical parks could span between 2,500 and 5,000 acres. A Rs 1,000-crore innovation fund is also being proposed. Further details about the policy and plans are available from senior state officials who discussed the framework at a recent event.

The policy aims to address the industry's specific requirements and complement existing initiatives. For more information, the full announcement from the source provides additional details.