The Union Cabinet announced on 28 October 2026 the approval of the Container Manufacturing Promotion Scheme (CMPS) with a budget of Rs 10,000 crore. The scheme aims to establish a competitive manufacturing ecosystem in India to reduce import reliance and increase domestic capacity ten-fold to 7.5 lakh TEUs. It provides interest subventions for new or expanded facilities and operational assistance for containers meeting global standards. The program is planned to run until the end of the 2039-40 financial year.
Key points
- Total budget: Rs 10,000 crore until FY 2039-40
- 3% annual interest subvention for eligible capital loans (Rs 859 crore outlay)
- Rs 8,891 crore for operational assistance for containers meeting global standards
- Target: Increase domestic capacity ten-fold to 7.5 lakh TEUs
- Job creation: Estimated 3,000 direct and over 50,000 indirect jobs
When it applies
- Container Manufacturing Promotion Scheme (CMPS) budgetary outlay
Who it affects
- container manufacturers
- eligible container manufacturers