India Boosts Container Manufacturing to Cut China Dependence, Targets 1 Million Units Annually

• India plans to significantly increase domestic container manufacturing to reduce reliance on China, which currently dominates 97% of the sector.
• The central government has allocated an incentive package of ₹10,000 crore to develop a capacity of producing 1 million containers annually.
• Currently, India produces only 30,000 containers annually, while China's capacity is around 5 million units.
• The initiative aims to make Indian containers competitive internationally, despite being 30-40% more expensive than Chinese ones currently.
• This move is expected to benefit exporters and importers by reducing shipping costs, ensuring timely supply, and creating new employment opportunities.