Rajasthan has a huge potential to become a ‘cluster of shipping containers’ to bridge the widening demand-supply gap as currently India is manufacturing only 10,000 shipping grade containers per year as against the requirements of 1,50,000 containers in the next three years.
Currently, the Container Corporation of India (CONCOR) has a fleet of 3,700 containers, but the entire fleet catering to the domestic segment is imported to China. Hence, Rajasthan has a huge potential of becoming a cluster of shipping containers’, a study conducted by the MSME-EPC revealed (Micro, Small & Medium Enterprises–Export Promotion Council) today.
“While the global shipping container market is growing at a CAGR of 12 per cent, by 2028, it is likely to touch Rs 1.75 lakh crore. India has a shortage of shipping grade containers as a result of which shipping lines often increase their rates phenomenally severely impacting India’s export/import supply chain and competitiveness of industry,” MSME-EPC said.
