Union Cabinet approves ₹10,000 crore Container Manufacturing Promotion Scheme (CMPS)
On 28 October 2026, the Union Cabinet cleared the Container Manufacturing Promotion Scheme (CMPS) to boost container production at home. Announced in the Union Budget 2026–27, it carries a total outlay of ₹10,000 crore running up to FY 2039–40. The goals are lower import dependence, sturdier supply chains and making India a global hub for shipping containers.