Schedule a Call Back
No PLI proposals for shipping container manufacturing; GOI
Industry News- Aug 09,24
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.
The government announced that there are no current proposals for a Production Linked Incentive (PLI) scheme specifically for the manufacturing of shipping containers in India.
Minister of State for Commerce and Industry Jitin Prasada clarified in a written response to the Lok Sabha that while the government has implemented various measures to enhance container availability for both domestic and export shipments, no PLI scheme is under consideration for this sector.
Prasada noted that global dynamics, including the geopolitical conflicts and regional issues, have not led to a severe shortage of containers. "The availability of containers at ports is influenced by global supply and demand," he said.
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.
In addition, Prasada mentioned that regular engagements are held with shipping lines, ports, terminal operators, and trade associations to explore possible interventions. Container Corporation of India Ltd (CONCOR), a major domestic player, has placed orders with Indian manufacturers for new containers.
Separately, Prasada highlighted that the Startup India initiative, launched in 2016, has recognised 140,803 startups, creating over 1.55 million direct jobs.
(Business Standard)
Related Stories
Auto & Auto Components
For the foreseeable future, multiple fuels will coexist and grow: Farrokh Cooper
In this conversation with Rakesh Rao, Farrokh Cooper, CMD, Cooper Corporation, shares his views on manufacturing, technology and the road ahead.
Read moreMachine Tools & Accessories
TRUMPF Showcases Laser and Plasma Technologies at Semicon Japan 2025
At Semicon Japan 2025, high tech company TRUMPF demonstrates how innovative laser and plasma technologies can reduce production costs, improve chip quality, and make the semiconductor industry fit f..
Read moreConstruction Equipment
CII–ICEMA Highlight Export Competitiveness of India’s CE Industry at EXCON 2025
CII and ICEMA, at EXCON 2025, underscored India’s growing construction equipment export strength, policy support, innovation leadership and global ambitions.
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
