From The Economic Times · ET Bureau · · 50s
Cabinet approves Rs 10,000 crore container manufacturing scheme
India's cabinet greenlights Rs 10,000 crore plan to boost container manufacturing capacity by 2040.
In brief
India's cabinet greenlights Rs 10,000 crore plan to boost container manufacturing capacity by 2040. India's cabinet approved a Rs 10,000 crore scheme to increase domestic container manufacturing capacity to 750,000 TEUs by 2040. Originally reported by The Economic Times.
Cabinet approves Rs 10,000 crore scheme
The Union Cabinet approved a Rs 10,000 crore Container Manufacturing Promotion Scheme Wednesday.
13-year plan targets 750,000 TEUs by 2040
The scheme aims to increase annual domestic manufacturing capacity by ten-fold to 750,000 TEUs by 2040.
Rs 8,891 crore for operational assistance
The scheme provides Rs 8,891 crore for Operational Expenditure Assistance to support container manufacturers.
3% interest subvention for greenfield projects
An Interest Subvention Assistance of 3% per annum will support greenfield container manufacturing facilities.
The bottom line
India's cabinet approved a Rs 10,000 crore scheme to increase domestic container manufacturing capacity to 750,000 TEUs by 2040.
