NEW DELHI : A proposed Production Linked Incentive (PLI) Scheme aimed at boosting the domestic manufacturing of shipping containers is in limbo after India’s federal think tank, Niti Aayog, raised concerns over high costs.
The Shipping Ministry, however, has countered by emphasising the need for incentives to bring down domestic production costs and make India self-reliant in container manufacturing.
India’s container production costs currently stand significantly higher than global standards. The cost of manufacturing a 40-foot dry container in India ranges between Rs 3 . . .
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
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