New Delhi, Oct. 29 -- 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 FY2040 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 units.

It aims to increase domestic production capacity, improve the competitiveness of Indian-made shipping containers and strengthen the country's maritime and logistics supply chains.

Three Components To Support Container Manufacturin...