Cabinet approves ₹10,000 crore scheme to enhance container manufacturing
The Union Cabinet approved the Container Manufacturing Promotion Scheme on Wednesday, with a budget of ₹10,000 crore allocated until 2039-40. Chaired by Prime Minister Narendra Modi, the initiative aims to enhance domestic container production, reduce reliance on imports, and strengthen logistics supply chains. The scheme intends to increase India's annual container manufacturing capacity to 7.5 lakh twenty-foot equivalent units (TEUs) and includes significant financial support for manufacturers. It is projected to create 3,000 direct jobs and over 50,000 indirect jobs, while also benefiting ancillary industries.
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