ENA Sectors 2024-08-07 16:51:10 <p><span style="font-size:14px"><strong>New Delhi, Aug 7 (KNN)</strong> In a recent statement to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada addressed concerns regarding container manufacturing and the start-up ecosystem in India.</span></p> <p><span style="font-size:14px">The government currently has no plans to implement a Production Linked Incentive (PLI) scheme for the domestic manufacturing of shipping containers.</span></p> <p><span style="font-size:14px">Despite ongoing global conflicts and maritime security issues, Prasada reported no acute shortage of containers for exports.</span></p> <p><span style="font-size:14px">He emphasised that container availability at ports is primarily influenced by global supply and demand dynamics.</span></p> <p><span style="font-size:14px">To ensure container availability, the government has implemented various measures. These include regular interactions with stakeholders, such as shipping lines, port operators, and trade associations.</span></p> <p><span style="font-size:14px">Additionally, Container Corporation of India Ltd (CONCOR) has placed orders for containers from domestic manufacturers. The minister noted that these steps aim to support both export and domestic shipments.</span></p> <p><span style="font-size:14px">Prasada also provided an update on India's start-up sector. Since the launch of the Start-up India initiative in 2016, 140,803 entities have been recognised as start-ups by the Department for Promotion of Industry and Internal Trade (DPIIT) as of June 30, 2024. These recognised start-ups have reportedly created over 1.553 million direct jobs.</span></p> <p><span style="font-size:14px">For context, the PLI scheme, introduced in 2021 with an outlay of Rs 1.97 lakh crore, covers 14 sectors but does not include container manufacturing.</span></p> <p><span style="font-size:14px">The sectors benefiting from this scheme include telecommunication, white goods, textiles, medical devices, automobiles, and advanced technologies.</span></p> <p><span style="font-size:14px">This report provides an overview of the government's current stance on container manufacturing incentives and highlights the progress of India's start-up ecosystem.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38892 https://knnindia.co.in/news/newsdetails/sectors/government-rules-out-pli-scheme-for-container-manufacturing 2024-08-07 16:51:10 knnindia.co.in