Government Plans Support for 'Make in India' Container Production

The Indian government is considering financial support for local manufacturing of shipping containers due to a growing shortage and rising costs post-COVID-19. A viability gap funding (VGF) scheme is under discussion as part of a mission-mode implementation plan, according to sources familiar with the matter. "Direct subsidy and support via VGF are under examination," said a government official, adding that inter-ministerial consultations are ongoing. A container manufacturing mission is being considered to expedite local production. This initiative aims to protect exporters and importers from sudden container shortages and premium spikes. The issue of container availability became critical post-COVID when China began importing empty containers by offering premiums. "Chinese container owners often dominate the market during global disturbances, leading to shortages. India aims