The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme (CMPS) with a total budgetary outlay of ₹10,000 crore extending until FY 2039-40. This scheme was originally announced in the Union Budget 2026-27 and aims to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence, and strengthen supply-chain resilience.
The scheme comprises three major components with specific financial allocations. Interest Subvention Assistance (ISA) has been allocated ₹859 crore to provide 3% per annum interest subvention on eligible term loans (capital loans) for both greenfield container manufacturing facilities and brownfield expansion of existing capacities. Operational Expenditure Assistance (OEA) receives the largest share at ₹8,891 crore to provide financial assistance for all containers manufactured according to global shipping standards and sold by eligible manufacturers, helping bridge cost gaps and improve competitiveness. Additionally, ₹150 crore is allocated for testing and certification assistance to support setting up common facilities such as dynamic longitudinal impact testing.
The scheme is expected to significantly increase India's annual domestic container manufacturing capacity by approximately ten-fold, reaching up to 7.5 lakh TEUs. It aims to position India as a global export hub for quality shipping containers while generating an estimated 3,000 direct jobs and over 50,000 indirect jobs. The initiative will also support ancillary industries including corner castings, specialised steel, wooden frames, and paints, thereby creating a comprehensive manufacturing ecosystem.