· Manufacturing & Investment · Source: business-standard.com

Cabinet approves ₹10,000 cr container manufacturing scheme: Why it matters

The Union Cabinet approved the ₹10,000-crore Container Manufacturing Promotion Scheme to cut India’s dependence on imported shipping containers, mainly from China. The scheme aims to lift annual capacity from about 70,000 to 750,000 TEUs, with operational assistance, a three per cent interest subsidy and common testing support running until FY40. It requires 70 per cent domestic content through FY32, and could create about 3,000 direct jobs.

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