India, Oct. 28 -- The Government of India has issued a release:
The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved the Container Manufacturing Promotion Scheme (CMPS), a Rs 10,000 crore programme announced in the Union Budget 2026-27 to build a globally competitive container manufacturing ecosystem in India. The scheme will run from FY 2027-28 to FY 2039-40, with three years for setting up facilities and ten years of production support.
The scheme will support new factories as well as the expansion of existing units. It aims to lift India's annual container manufacturing capacity around ten-fold, to 7.5 lakh TEUs, from about 70,000 TEUs today. Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowa...