Government Declares No Current PLI Scheme for Shipping Container Manufacturing

The government announced that there is no current proposal for a Production Linked Incentive (PLI) scheme for manufacturing shipping containers. Despite global conflicts and supply chain dynamics, there is no reported acute shortage of containers for exports. The Startup India initiative has created over 15.53 lakh direct jobs since 2016.

The government has confirmed that there is no current proposal for a Production Linked Incentive (PLI) scheme for the manufacturing of shipping containers in the country.

Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha that despite global supply chain disruptions due to conflicts and piracy, no acute shortage of containers for exports has been reported. Prasada stated that the availability of containers is primarily dictated by global supply and demand.

Prasada also highlighted regular interactions with shipping lines, ports, terminal operators, and export/import associations for potential interventions. Additionally, the Container Corporation of India Ltd (CONCOR) has placed orders for containers from domestic manufacturers. The Minister also noted that the Startup India initiative has facilitated the creation of over 15.53 lakh direct jobs since its launch in 2016, recognizing 1,40,803 entities as startups as of June 2024.

(With inputs from agencies.)