The Union Cabinet on 28 October 2026 approved the Container Manufacturing Promotion Scheme (CMPS) with a budget of Rs 10,000 crore until the 2039-40 financial year. The scheme aims to establish a competitive manufacturing ecosystem in India to reduce reliance on imports and strengthen supply chains. It provides financial aid for new facilities, expansion of existing units, and testing infrastructure. The release does not say when it takes effect.
Key points
- Total budget: Rs 10,000 crore until FY 2039-40
- Interest subvention: 3% per annum on eligible term loans (Rs 859 crore outlay)
- Operational assistance: Rs 8,891 crore for containers meeting global shipping standards
- Testing support: Rs 150 crore for common facilities like impact testing
- Targets: Increase capacity to 7.5 lakh TEUs and create 3,000 direct and 50,000 indirect jobs
When it applies
- budgetary outlay period for CMPS
Who it affects
- container manufacturers
Refers to
- Union Budget 2026–27