Cabinet Approves Container Manufacturing Promotion Scheme
Cabinet · Economy · Posted 28 OCT 2026 3:42PM
What happened
The Union Cabinet approved the Container Manufacturing Promotion Scheme (CMPS) with a budgetary outlay of Rs.10,000 crore up to FY 2039-40 to establish a globally competitive container manufacturing ecosystem, reduce import dependence, and strengthen supply-chain resilience.
Why it matters for UPSC
This scheme is important for UPSC civil services preparation as it relates to industrial policy, manufacturing growth, logistics resilience, and import substitution under economic development.
Key objectives
- Budgetary outlay of Rs.10,000 crore up to FY 2039-40.
- Interest Subvention Assistance (ISA) outlay of Rs.859 crore providing 3% per annum interest subvention.
- Operational Expenditure Assistance (OEA) outlay of Rs.8,891 crore to bridge the cost gap.
- Testing and certification assistance outlay of Rs.150 crore.