Union Cabinet approved CMPS with budgetary outlay of Rs 10,000 crore
With an aim to boost domestic container manufacturing, curb import dependence and enhance supply-chain resilience, the Union Cabinet has approved the Container Manufacturing Promotion Scheme (CMPS) with budgetary outlay of Rs 10,000 crore upto FY 2039-40. The scheme is intended to support new manufacturing facilities as well as expansion of existing container manufacturing units. The Scheme for Container Manufacturing was announced in the Union Budget for 2026-27.
The scheme comprises three major components. The Interest Subvention Assistance (ISA), with a financial outlay of Rs 859 crore to 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.
The Operational Expenditure Assistance (OEA), with a financial outlay of Rs 8,891 crore to 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 crore to support setting up of common facilities such as Dynamic longitudinal impact testing etc
