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Govt plans financial support to boost local shipping container manufacturing amid post-COVID shortages

By Economic Times - a month ago
The Indian government is exploring financial support for local shipping container production to address a shortage and rising costs exacerbated by the COVID-19 pandemic. A potential viability gap funding (VGF) scheme is under consideration, alongside direct subsidies. The initiative aims to protect exporters and importers from container shortages and price spikes caused by geopolitical conflicts and market dynamics.

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