The Union Cabinet on 28 October 2026 approved the Container Manufacturing Promotion Scheme (CMPS), a Rs 10,000 crore initiative to establish a competitive container manufacturing ecosystem in India. The scheme aims to increase annual domestic capacity ten-fold, from 70,000 TEUs to 7.5 lakh TEUs, by providing interest subventions and operational expenditure support. It will run from FY 2027-28 to FY 2039-40, including three years for facility setup and ten years of production support. The program targets new factories and expansions of existing units to reduce import dependence and create approximately 53,000 direct and indirect jobs.
Key points
- Total budget: Rs 10,000 crore
- Capacity target: Increase from 70,000 TEUs to 7.5 lakh TEUs annually
- Interest support: 3% per year for eligible greenfield and brownfield projects
- Job creation: Estimated 3,000 direct and over 50,000 indirect jobs
- Timeline: Runs from FY 2027-28 to FY 2039-40
When it applies
- start of the Container Manufacturing Promotion Scheme
- end of the Container Manufacturing Promotion Scheme
Who it affects
- eligible container manufacturers