Coastal Talk News | New Delhi
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme (CMPS) with budgetary outlay of Rs.10,000 crore upto FY 2039-40. It envisages to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply-chain resilience. The scheme is intended to support new manufacturing facilities as well as expansion of existing container manufacturing units The Scheme for Container Manufacturing was announced in the Union Budget 2026–27.
It is envisaged that this scheme will have better impact on the manufacturing capacity of container. This may increase annual domestic container manufacturing capacity by around ten-fold. This may also create an internationally competitive manufacturing base, with potential to position India as a global export hub for quality shipping containers. This is also expected to strengthen resilience of India’s maritime and logistics supply chains and generate an estimated 3,000 direct jobs and over 50,000 indirect jobs, while supporting ancillary industries such as specialised steel, wooden frames and paints.
