NEWS: Union Cabinet approved CMPS with a ₹10,000 crore outlay through FY 2039–40.

ABOUT

• Nodal Ministry: Ministry of Ports, Shipping and Waterways.
• Aim: Make India a self-reliant container manufacturing and export hub + reduce import dependence.

KEY FEATURES

• Capacity target: Increase annual production from 70,000 TEUs to 7.5 lakh TEUs.
• Production assistance: ₹8,891 crore.
• Interest subsidy: ₹859 crore; 3% annual interest subvention.
• Testing facilities: ₹150 crore for domestic testing and certification.
• Port land: Concessional leases at 25% of applicable rates.
• Localisation: Domestic content target to rise from 70% to 90% by FY33.

SIGNIFICANCE

• Reduces dependence on imported containers.
• Addresses 30–40% cost disadvantage.
• Strengthens maritime logistics + manufacturing.
• Creates jobs and promotes exports.
• Reduces dependence on foreign certification facilities.