India


Cabinet clears Rs 10,000-cr scheme to boost domestic container manufacturing

New Delhi, Oct 28 (UNI) The union Cabinet on Wednesday approved a Rs 10,000-crore Container Manufacturing Promotion Scheme (CMPS) to build a globally competitive container manufacturing industry in India, reduce import dependence and strengthen maritime and logistics supply chains. The scheme, which will remain in operation until the financial year 2039-40, will provide financial assistance to establish new manufacturing facilities and expand existing production units.
Announcing the decision after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the initiative was aimed at developing domestic manufacturing capabilities and improving the competitiveness of Indian-made shipping containers in international markets. The scheme was announced in the union Budget for 2026-27 as part of the government’s broader push to strengthen domestic manufacturing and supply-chain security.
The initiative aims to increase India’s annual container manufacturing capacity nearly tenfold to 7.5 lakh twenty-foot equivalent units (TEUs), the standard measure of container capacity in the shipping industry. The proposed expansion is expected to create an internationally competitive manufacturing base and position India as a potential global export hub for shipping containers.
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