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.
No PLI proposals for shipping container manufacturing; GOI

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

Aerospace Defence
Bharat Forge reports strong Q4 recovery

Bharat Forge reports strong Q4 recovery

Bharat Forge posted a strong Q4 FY26 recovery, supported by improved exports, resilient domestic automotive demand, and continued momentum across industrial and defence businesses.

Read more
Automation & Robotics
How automation is redefining efficiency in manufacturing

How automation is redefining efficiency in manufacturing

Aayaan Bery, Sales and Global Marketing Director at KSP Inc, says manufacturing efficiency now depends on automation, data visibility, workforce readiness and export competitiveness. Indian manufact..

Read more
Automation & Robotics
India is an important market for German engineering firms: Rajesh Nath

India is an important market for German engineering firms: Rajesh Nath

In this interview with Rakesh Rao, Rajesh Nath, Managing Director, VDMA India, highlights how the evolving Indo-German partnership is expected to play a pivotal role in shaping future industrial eco..

Read more

Related Products

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016