Container Manufacturing Promotion Scheme (CMPS) cleared with Rs 10,000 crore outlay up to FY 2039-40

Key facts

• The Union Cabinet approved the Container Manufacturing Promotion Scheme (CMPS) with a budgetary outlay of Rs 10,000 crore up to FY 2039-40; the scheme was announced in the Union Budget 2026-27.
• CMPS aims to raise annual domestic container manufacturing capacity nearly tenfold to 7.5 lakh TEUs (0.75 million TEUs), reduce import dependence, and achieve a target of 15-20% of container manufacturing done in India.
• The scheme has three components: Operational Expenditure Assistance (OEA) of Rs 8,891 crore for containers manufactured to global shipping standards and sold by eligible domestic manufacturers; Interest Subvention Assistance (ISA) of Rs 859 crore providing 3% per annum subvention on eligible term loans; and Rs 150 crore for testing and certification assistance, including common facilities such as dynamic longitudinal impact testing.
• CMPS supports greenfield facilities and brownfield expansion of existing units, and is expected to generate an estimated 3,000 direct jobs and over 50,000 indirect jobs while supporting ancillary industries such as corner castings, specialised steel, wooden frames and paints.
• India imports nearly 2 million containers annually, while China manufactures about 95% of the world's shipping containers.
• The scheme is expected to position India as a global export hub for quality shipping containers and strengthen the resilience of India's maritime and logistics supply chains.
• Domestic container manufacturing requires Corten steel, which Indian steel makers like JSW, Tata Steel and SAIL can produce; other components such as corner castings and high-precision locking systems are largely imported, mainly from China.
• Companies in the emerging domestic container manufacturing ecosystem include DCM Containers (DCM Shriram International), Jupiter Wagons, APPL Container, Kalyani Cast Tech and SYMCON Industries; Maersk ordered 1,000 additional containers from DCM Containers in July 2026.
• The Cabinet also approved the Pradhan Mantri Viksit Gram Swaraj Yojana with an outlay of Rs 7,395 crore to transform over 2.5 lakh gram panchayats into self-reliant institutions.
• The Cabinet approved a 3% hike in Dearness Allowance and Dearness Relief effective from July 1, 2026, benefiting 48.54 lakh central government employees and 68.71 lakh pensioners.
• The Cabinet also approved the Khelo India Sports Goods Manufacturing Scheme with a total outlay of Rs 1,856.67 crore for the period 2026 to 2033-34.