Cabinet approves Container Manufacturing Promotion Scheme

The Union Cabinet has approved the Container Manufacturing Promotion Scheme (CMPS) with a budgetary outlay of Rs.10,000 crore up to FY 2039-40. The scheme aims to establish a globally competitive container manufacturing ecosystem in India, reduce import dependence, and strengthen supply-chain resilience by supporting greenfield facilities and brownfield expansions. Announced in the Union Budget 2026–27, CMPS comprises three major components: Interest Subvention Assistance (Rs.859 crore), Operational Expenditure Assistance (Rs.8,891 crore), and Testing and Certification Assistance (Rs.150 crore). The scheme is envisaged to increase annual domestic container manufacturing capacity tenfold, position India as an export hub, and generate direct and indirect employment.