The Union Cabinet, chaired by the Prime Minister, has approved the Container Manufacturing Promotion Scheme (CMPS) with a total budgetary outlay of Rs.10,000 crore up to the financial year 2039-40, according to an official release. Originally announced in the Union Budget 2026–27, the scheme aims to build a globally competitive container manufacturing ecosystem in India, cut import dependence, and strengthen supply-chain resilience by supporting both new facilities and the expansion of existing units.
The scheme comprises three major financial components: Interest Subvention Assistance (ISA) of Rs.859 crore providing a 3% per annum interest subvention on eligible term loans for greenfield and brownfield projects; Operational Expenditure Assistance (OEA) of Rs.8,891 crore to bridge the cost gap for containers manufactured to global shipping standards; and Rs.150 crore for testing and certification assistance to set up common facilities such as dynamic longitudinal impact testing.
What it means
- The scheme provides a 3% per annum interest subvention on eligible capital loans for setting up new facilities or expanding existing capacities.
- Financial assistance is provided for containers manufactured according to global shipping standards and sold by eligible manufacturers.
- Testing and certification assistance supports the establishment of common facilities like dynamic longitudinal impact testing.
Source
Press Information Bureau, Government of India, “Cabinet approves Container Manufacturing Promotion Scheme”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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