Made in India: steel containers and sports goods get a big push
Rs 10,000 crore for containers and Rs 1,856.67 crore for sports equipment, aimed at jobs and fewer imports.
The Union Cabinet approved a Rs 10,000 crore incentive scheme to make steel shipping containers in India. It runs up to 2039-40 and aims to cut imports. Reports expect about 3,000 direct jobs and over 50,000 indirect jobs.
The money is split into three parts: Rs 859 crore as a 3 per cent yearly interest subsidy for new or expanded units, Rs 8,891 crore to help with running costs for containers that meet global standards, and Rs 150 crore for testing and certification facilities.
The Cabinet also approved the Khelo India Sports Equipment Manufacturing Scheme with Rs 1,856.67 crore from 2026 to 2033-34. It was first announced in the Union Budget 2026-27 and aims to raise investment, production and exports of sports goods.
Why it matters
Many shipping containers used by Indian traders are imported. Making them at home can save money and create jobs in factories and ports. The sports scheme aims to help India make more of its own cricket bats, balls, nets and other gear instead of buying abroad.
Quick facts
- Both schemes are linked to Make in India and self-reliance.
- Companies, not individuals, apply for these schemes.
Quick check: What does PLI stand for?
Production Linked Incentive.
