The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Container Manufacturing Promotion Scheme (CMPS) with a budgetary outlay of Rs 10,000 crore running through FY 2039-40. First announced in the Union Budget 2026-27, this government initiative seeks to build a globally competitive container manufacturing ecosystem in India, reduce reliance on imports, and increase annual production capacity nearly ten-fold to 7.5 lakh twenty-foot equivalent units (TEUs).

Role Overview

The approved scheme is expected to drive extensive recruitment across the manufacturing, supply-chain, and logistics sectors. According to official estimates, the program will generate approximately 3,000 direct job opportunities and over 50,000 indirect jobs. The initiative will also spur growth in crucial ancillary industries, including specialized steel, paints, wooden frames, and corner castings. Funding will support both the establishment of new greenfield manufacturing facilities and the expansion of existing brownfield capacities.

Key Details

The CMPS initiative is structured into three primary financial support pillars to enhance domestic industrial competitiveness:

Total Budgetary Outlay: Rs 10,000 crore up to FY 2039-40.
Interest Subvention Assistance (ISA): Rs 859 crore allocated to provide a 3 percent annual interest subvention on eligible term loans for setting up or expanding production facilities.
Operational Expenditure Assistance (OEA): Rs 8,891 crore earmarked for financial assistance on containers manufactured to global shipping standards and sold by eligible producers.
Testing and Certification Assistance: Rs 150 crore set aside for shared testing infrastructure, including dynamic longitudinal impact testing facilities.
Job Creation: Approximately 3,000 direct positions and over 50,000 indirect roles.