India Unveils Rs 10,000 Crore Container Scheme to Counter China, Boost Logistics

• Union Finance Minister Nirmala Sitharaman announced a Rs 10,000 crore scheme in the Union Budget 2026-27 for globally competitive container manufacturing.
• The initiative aims to boost domestic production, reduce India's heavy reliance on China for shipping containers, and enhance the logistics sector.
• China currently dominates over 95% of global container manufacturing, making Indian-made containers 30-40% more expensive.
• Andhra Pradesh CM Chandrababu Naidu welcomed the budget, emphasizing its potential to address container shortages, accelerate infrastructure development, and boost exports.
• This scheme is seen as a strategic move to challenge China's dominance, transform India into a global manufacturing hub, and strengthen the 'Make in India' initiative.

Why It Matters: India's Rs 10,000 crore container manufacturing scheme aims to reduce China dependence and boost exports.