India to develop containers in Bhavnagar

India to Manufacture Containers in Bhavnagar

The Centre is looking to develop Bhavnagar in Gujarat as a container hub and has set up pilot projects for its manufacturing, as per reports. The initiative aimed at attaining self-reliance in container production eyes Rs 1,000 crore investment from private players. The Ministry of Shipping during the last six months has taken several initiatives to encourage container production at Bhavnagar with the help of re-rolling and furnace makers who are being encouraged to diversify in the space. One container costs about Rs 3.5 lakh and once the production picks up, India would not be require to import it. The Centre is in discussions with ArcelorMittal which has assured to provide the specific grade of steel for container manufacturing.

 

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