Context
- The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Container Manufacturing Promotion Scheme (CMPS) on 28 October 2026.
- The scheme has a total budgetary outlay of ₹10,000 crore up to FY 2039–40.
- It was announced in the Union Budget 2026–27.
- The scheme aims to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence and strengthen supply-chain resilience.
About the Container Manufacturing Promotion Scheme (CMPS)
- Nodal Ministry: Ministry of Ports, Shipping and Waterways (MoPSW), Government of India.
- Budgetary Outlay: ₹10,000 crore up to FY 2039–40.
- Objective: To promote domestic container manufacturing, reduce reliance on imported containers and strengthen India’s maritime and logistics infrastructure.
- Coverage: Supports both:
- Greenfield projects: Establishment of new container manufacturing facilities.
- Brownfield projects: Expansion of existing container manufacturing capacities.
- Key Focus: Financial assistance, operational support, and testing and certification infrastructure for domestic container manufacturers.
Major Components of the Scheme
- Interest Subvention Assistance (ISA) with a financial outlay of Rs.859 croreto provide Interest subvention of 3% per annum on eligible term loans (capital loans) availed by container manufacturers for setting up of greenfield container manufacturing facilities and Brownfield expansion of existing container manufacturing capacities
- Operational Expenditure Assistance (OEA) with a financial outlay of Rs.8,891 croreto provide financial assistance for all containers manufactured as per global shipping standards and sold by eligible container manufacturers. This would help bridge the cost gap and improve the competitiveness of domestically manufactured containers.
- Testing and certification assistance with a financial outlay of Rs.150 croreto support setting up of common facilities such as Dynamic longitudinal impact testing etc.
Conclusion
The Container Manufacturing Promotion Scheme is an important initiative to strengthen India’s domestic manufacturing capabilities and maritime logistics ecosystem. By providing financial assistance, improving cost competitiveness and developing testing infrastructure, the scheme aims to reduce import dependence, generate employment and promote exports. Its effective implementation can contribute to India’s broader objectives of industrial development, supply-chain resilience and enhanced participation in global trade.