
Prime Minister Narendra Modi’s Union Cabinet, convened on Wednesday, sanctioned a Rs 10,000 crore package for the Container Manufacturing Promotion Scheme (CMPS), targeting a ten‑fold rise in domestic container output by FY 2039‑40. The plan, unveiled at the 2026‑27 Union Budget, pledges to lift India’s container production to 7.5 lakh TEUs, a figure that would outstrip current output and curb the nation’s import dependence.
The scheme’s backbone includes three key financial levers: a Rs 859 crore interest subvention assistance (ISA) offering a 3 % per annum reduction on term loans for greenfield plants and brownfield expansions; an Rs 8,891 crore operational expenditure assistance (OEA) that offsets costs for containers meeting global shipping standards; and a Rs 150 crore testing‑and‑certification fund to build shared facilities such as dynamic longitudinal impact test rigs.
By nurturing ancillary sectors—corner castings, specialized steel, timber framing, and paint supply chains—the CMPS aims to generate around 3,000 direct jobs and more than 50,000 indirect positions across the country. These employment figures reflect a broader strategy to weave container manufacturing into India’s industrial fabric and create a self‑sufficient supply chain.
The cabinet highlighted that the initiative will be overseen by the Ministry of Commerce and Industry, with implementation slated to begin in FY 2027‑28. While the first greenfield plant is expected to go live by 2028, the ministry will coordinate the rollout of ISA, OEA and certification support across existing and new sites.
Industry observers note that the policy could reposition India as a competitive export hub for shipping containers, a sector where the country currently imports the bulk of its equipment. The cabinet’s decision marks a decisive step toward strengthening maritime logistics resilience and boosting domestic manufacturing capabilities.
tags: ["India", "Cabinet", "ContainerManufacturing", "JobCreation", "Infrastructure"]