Container Manufacturing Assistance Scheme

Container Manufacturing Assistance Scheme is a targeted initiative to establish a competitive domestic container manufacturing industry through financial and institutional support.

Container Manufacturing Assistance Scheme
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Container Manufacturing Assistance Scheme Latest News

The Government has proposed a ₹10,000 crore Container Manufacturing Assistance Scheme (CMAS) to strengthen domestic production of shipping containers. 

About Container Manufacturing Assistance Scheme

  • It is a targeted initiative to establish a competitive domestic container manufacturing industry through financial and institutional support.
  • It supports establishment of new manufacturing facilities and expansion of existing units.
  • It also aims to enhance manufacturing capacity to meet India’s growing demand for shipping containers.
  • Target: The initiative targets an annual domestic manufacturing capacity of around 10 times the existing container production capacity upto 7.5 lakh Twenty-foot Equivalent Units (TEUs).
  • Financial Outlay: ₹10,000 crore over five years.
  • To strengthen the container manufacturing value chain, the scheme provides:
    • Capital assistance for establishing new Greenfield manufacturing facilities.
    • Support for expansion of existing Brownfield manufacturing units.
    • Operational support to improve the competitiveness of domestic container manufacturing.
    • Support for testing infrastructure, skilling initiatives and capacity building.
  • CMAS complements the Government’s initiatives under Make in India,Maritime Amrit Kaal Vision 2047, PM Gati Shakti, the National Logistics Policy and the Sagarmala Programme.

Source: DD News

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Container Manufacturing Assistance Scheme FAQs

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