Union Cabinet has approved Container Manufacturing Promotion Scheme

The Union Cabinet has approved the Container Manufacturing Promotion Scheme (CMPS) with budgetary outlay of Rs.10,000 crore upto FY 2039-40 envisages to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply-chain resilience. The scheme is intended to support new manufacturing facilities as well as expansion of existing container manufacturing units. The Scheme for Container Manufacturing was announced in the Union Budget 2026?27. The scheme is likely to increase annual domestic container manufacturing capacity by around ten-fold, up to 7.5 lakh TEUs.

Powered by Capital Market - Live News