Union Budget 2022-23: Exporters call for a PLI scheme for containers

Exporters are also hoping for an extension of the Interest Equalization Scheme (IES) for three-five years

Ahead of the Union Budget, exporters have sought various support measures from the government, including a production linked incentive (PLI)-type scheme for containers, tax refunds in cash, and extension of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme by another year.

According to the Federation of Indian Export Organisations (FIEO) a PLI-type scheme can encourage domestic manufacturing of containers. Despite a healthy order book across all sectors, exporters are grappling with a bunch of challenges such as shortage of containers, a sharp increase in freight, and space constraints on ships. Such a scheme could benefit exporters, especially at a time when