The Union Cabinet has cleared a thirteen-year scheme to raise India's annual container manufacturing capacity more than tenfold and build a globally competitive ecosystem.

BulletsIn

• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Container Manufacturing Promotion Scheme in October 2026.
• The scheme was announced in the Union Budget 2026-27 and carries an outlay of Rs 10,000 crore.
• It will run from financial year 2027-28 to 2039-40, with three years to set up facilities and ten years of production support.
• The scheme aims to raise India's annual container manufacturing capacity from about 70,000 to 7.5 lakh twenty-foot equivalent units (TEU).
• It is expected to generate about Rs 75,000 crore in economic output by FY40, over seven times the government support.
• Interest Subvention Assistance accounts for Rs 859 crore, and Operational Expenditure Assistance takes the largest share at Rs 8,891 crore.
• Testing and Certification Assistance gets Rs 150 crore, while Scheme Management gets Rs 100 crore, and Land Leasing Support is also covered.
• An Inter-Ministerial Steering Committee will approve scheme guidelines and sanction financial assistance.
• The committee is chaired by Vijay Kumar, Secretary in the Ministry of Ports, Shipping and Waterways.
• The same Cabinet meeting approved a 3 per cent rise in dearness allowance and dearness relief to 63 per cent from July 1, 2026.