New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme (CMPS) with a total outlay of ₹10,000 crore until the financial year 2039 to 2040. The initiative aims to establish a globally competitive container manufacturing industry in India and strengthen the country’s maritime and logistics infrastructure.
The scheme is expected to create around 3,000 direct jobs and more than 50,000 indirect employment opportunities. It will also support ancillary industries involved in producing specialised steel, corner castings, wooden frames, paints and other components required for container manufacturing.
Announced in the Union Budget 2026 to 2027, the scheme aims to reduce dependence on imported shipping containers, strengthen domestic production and improve the resilience of supply chains. It will support both new manufacturing facilities and the expansion of existing units.
The scheme has three major components. Interest Subvention Assistance has been allocated ₹859 crore to provide a three per cent annual interest subsidy on eligible term loans taken by manufacturers to establish new facilities or expand existing production capacity.
Operational Expenditure Assistance accounts for the largest share, with an allocation of ₹8,891 crore. It will provide financial support for containers manufactured according to international shipping standards and sold by eligible domestic manufacturers. The assistance is intended to narrow the cost gap between Indian made containers and competing products, improving their market competitiveness.
A further ₹150 crore has been earmarked for testing and certification assistance. This component will support common testing facilities, including infrastructure for dynamic longitudinal impact testing, to help ensure that domestically manufactured containers meet global standards.
The government expects the initiative to increase India’s annual container manufacturing capacity nearly tenfold to approximately 7.5 lakh twenty foot equivalent units (TEUs).
By developing a competitive domestic manufacturing base, the scheme aims to position India as a potential global export hub for quality shipping containers while strengthening the country’s maritime infrastructure, logistics network and long term supply chain security.
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