PLI scheme for manufacturing shipping containers on the cards

New Delhi, Nov 14 (KNN) Over a global shortage of containers amid the Russia-Ukraine war, the government is formulating a production-linked incentive (PLI) scheme for manufacturing shipping-grade containers.

According to a report by Mint, the government has decided to play a decisive role in addressing the problem.

The scheme may be announced in the budget for FY24 as part of the government’s initiative to introduce PLI projects for several sectors, and official in the know told Mint that.

The government has also been trying to lower its import dependence on China for containers.

“A PLI scheme is under consideration. According to the requirement, the incentive amount will be considered to woo private players, and make India self-sufficient in manufacturing containers," he said.

To bring it under PLI and cluster-based manufacturing system, a high-level committee has been formed to promote local container manufacturing.  (KNN Bureau)