India, Oct. 28 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme (CMPS) with a budgetary outlay of Rs 10,000 crore until FY 2039-40. The scheme aims to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply chain resilience.
Announced in the Union Budget 2026-27, the scheme will support the establishment of new container manufacturing facilities as well as the expansion of existing production units.
The scheme comprises three major components:
Interest Subvention Assistance (ISA): With a financial allocation of Rs 859 crore, the component will provide interest subvention of 3% per annum on eligible t...