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
Railways
Concord to Develop World’s First 3,100 HP Hydrogen Locomotive System
Concord Control Systems, via its subsidiary ARCPL, will develop the world’s first 3,100 HP hydrogen-fuelled locomotive propulsion system for NTPC, marking a global milestone in green rail mobility..
Read moreElectrical & Electronics
IESA to Launch Vision 2047 Battery Roadmap at IBMSCS 2026
IESA will unveil its Vision 2047 white paper at IBMSCS 2026 in Hyderabad, outlining a strategic roadmap to build a competitive, self-reliant domestic battery ecosystem for India.
Read morePlastic, Packaging & Printing
Avro India Launches Large-scale Flexible Plastic Recycling Facility in Ghaziabad
Avro India Limited has commissioned a greenfield recycling facility in Ghaziabad to process difficult-to-recycle flexible plastics, strengthening India’s circular economy and EPR compliance ecosys..
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
