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
Electrical & Electronics
Will solar manufacturing glow in India as renewable energy demand surges?
While India has successfully increased domestic solar module production, import of solar cells remains high. As India plans to add 60-65 GW of solar capacity, will it be a sunshine moment for solar ..
Read morePolicy Regulation
We see 40-50% growth in all our key businesses: Ram Iyer
In this interaction, Ram Iyer, Founder and CEO, Vayana, elaborates on challenges faced by MSMEs in accessing finance and probable solutions to ease their situation.
Read moreAuto & Auto Components
China’s Rare Earth Elements Curb Jolts Indian Auto Sector into Action
While Rare Earth Elements (REE) based components are utilised in traditional ICE vehicles, the production of EVs is fundamentally reliant on them—without REEs, manufacturing an EV is virtually imp..
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
