Home » Global News » Asia » PLI scheme for container manufacturing shelved

PLI scheme for container manufacturing shelved

The government recently announced that at present, there is no proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers in the country.
Facebook
Twitter
LinkedIn
WhatsApp
Email

Minister of State for Commerce and Industry, Jitin Prasada said the government has taken various measures to increase the availability of containers both, for exports as well as for domestic shipments. There is no reported acute shortage of containers for exports on account of conflict between Russia and Ukraine, Israel and Hamas and Red Sea pirates, he said.

“At present, there is no proposal of a PLI scheme for manufacturing of shipping containers,” Prasada added. The PLI scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma, with an outlay of Rs 1.97 lakh crore.

He added that the availability of containers at any port is largely dependent on Global supply and demand dynamics. “However, in this regard, regular interactions are done with shipping lines, ports/terminal operators, and export/import associations for possible interventions,” he said adding Container Corporation of India Ltd (CONCOR) which is one of the major domestic container operators in India have placed orders for procurement of containers from Indian manufacturers.

Facebook
Twitter
LinkedIn
WhatsApp
Email

Subscribe to Our Newsletter

One Ocean Maritime Media Private Limited
Email
Name
Share your views in comments