The Union Cabinet on 28 October 2026 approved the Container Manufacturing Promotion Scheme with an outlay of Rs 10,000 crore up to 2039-40, aiming to lift India's annual container-making capacity from about 70,000 TEUs to 7.5 lakh TEUs.
WHAT HAPPENED
The Union Cabinet cleared the Container Manufacturing Promotion Scheme (CMPS) on 28 October 2026. The scheme was first announced in the Union Budget 2026-27 to cut dependence on imported shipping containers.
KEY FACTS
- Outlay: Rs 10,000 crore, running from 2027-28 to 2039-40: about three years to set up plants and ten years of production support.
- Rs 8,891 crore: financial assistance for containers built to global shipping standards and sold by eligible makers.
- Rs 859 crore: interest subvention of 3% a year on term loans for greenfield plants and brownfield expansion.
- Rs 150 crore: help with testing and certification.
- Capacity goal: from about 70,000 TEUs (twenty-foot equivalent units) a year to 7.5 lakh TEUs.
- Jobs: about 3,000 direct and over 50,000 indirect jobs, including in ancillary industries such as corner castings, special steel, wooden floors and paints.
- Union Minister Ashwini Vaishnaw said the aim is to reduce the concentration of container manufacturing in one country.
EXAM ANGLE
Know the unit TEU (twenty-foot equivalent unit), the three components and their split (8,891 + 859 + 150 = 10,000 crore), and the 2039-40 end year.
SOURCE AND DATE
Cabinet decision of 28 October 2026, reported by The Tribune (ANI/IANS), Punjab Kesari and Pratidin Time the same day. Added to this collection on 28 October 2026.