Cabinet approves Container Manufacturing Promotion Scheme (CMPS) worth Rs 10,000 crore
The Union Cabinet on 28 October 2026 approved the Container Manufacturing Promotion Scheme (CMPS) worth Rs 10,000 crore. It benefits container makers and linked industries, not ordinary consumers directly.
What this means for you
This scheme is mainly for companies that make containers, businesses setting up new plants and linked industries such as steel, parts and logistics. An ordinary reader does not have to fill any form or receive any money under it. The government expects it to create jobs, which may affect workers over the long run.
Key facts
- The scheme has an outlay of Rs 10,000 crore and was announced in the Union Budget 2026-27.
- It will run from financial year 2027-28 to financial year 2039-40.
- Three years are set for setting up units and ten years for production support.
- The aim is to raise annual container capacity from about 70,000 TEUs to 7.5 lakh TEUs.
- Rs 859 crore is for interest subsidy, Rs 8,891 crore for operating expense support, Rs 150 crore for testing and certification, and Rs 100 crore for scheme management.
- About 3,000 direct and more than 50,000 indirect jobs are expected.
What happened
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Container Manufacturing Promotion Scheme (CMPS) on 28 October 2026. The Rs 10,000 crore scheme was announced in the Union Budget 2026-27. Its aim is to build a container manufacturing ecosystem in India that can compete globally.
How long it will run
The scheme will operate from financial year 2027-28 to financial year 2039-40. It sets three years for setting up manufacturing units and ten years for production support. It will support both new units and the expansion of existing ones.
What changes
India’s annual container manufacturing capacity is currently about 70,000 TEUs. The scheme aims to raise it to 7.5 lakh TEUs, roughly ten times. The government says India’s trade depends on containers, but almost all of them are made abroad. Under the Maritime Amrit Kaal Vision, container traffic in India is projected to rise from about 2.4 crore TEUs in 2024 to 17.5 crore TEUs by 2047, so domestic manufacturing capacity is described as essential.
What support is offered
Rs 859 crore is set aside for interest subsidy. New plants with a capacity of at least 1,00,000 TEUs a year and expansions of existing plants with at least 25,000 TEUs will get a 3 per cent annual interest subsidy on eligible term loans.
Rs 8,891 crore is for operating expense support. This will be given on each container made to global shipping standards and sold by an eligible manufacturer, to narrow the cost gap with imported containers. Under this, the share of domestic content must rise from 70 per cent to 90 per cent.
Rs 150 crore is for testing and certification, to build shared testing facilities so that dependence on testing abroad falls. Rs 100 crore is for scheme management. Land at major ports will be available on lease at 25 per cent of the notified rate.
Who will monitor it
An inter-ministerial steering committee chaired by the Secretary of the Ministry of Ports, Shipping and Waterways will be set up. It will approve the scheme guidelines and sanction support amounts.
Who benefits
The government estimates the scheme will create about 3,000 direct and more than 50,000 indirect jobs in sectors such as steel, parts and logistics. It is also expected to boost allied industries such as corner casting, special steel, wooden frames and paint. The government expects about Rs 75,000 crore of economic output by financial year 2039-40.
What it means for ordinary people
The scheme is not directly for ordinary consumers. Applying or receiving money under it concerns container manufacturing companies. An ordinary reader does not need to fill any form for it. Details can be checked with the ministry concerned.
Questions and answers
What is the CMPS scheme?
It is a central scheme to promote container manufacturing, approved by the Cabinet on 28 October 2026. Its total outlay is Rs 10,000 crore and it will run from financial year 2027-28 to 2039-40.
Can an ordinary person apply for this scheme?
No, the scheme is for container manufacturing units, not for individuals. It supports setting up new plants or expanding existing ones.
What kind of support does the scheme give?
It offers 3 per cent annual interest subsidy on eligible term loans, operating expense support on each container sold, shared testing facilities, and land leases at major ports at 25 per cent of the notified rate.
How many jobs are expected?
The government estimates about 3,000 direct and more than 50,000 indirect jobs. This estimate covers linked sectors such as steel, parts and logistics.
Who will monitor the scheme?
An inter-ministerial steering committee chaired by the Secretary of the Ministry of Ports, Shipping and Waterways will be set up. It will approve guidelines and sanction support amounts.
Source: PIB, "भारत को वैश्विक कंटेनर विनिर्माण केंद्र बनाने के लिए मंत्रिमंडल ने 10,000 करोड़ रुपये की योजना को मंजूरी दी", 28 October 2026. Read the original notice
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