Why in News?
- Union Minister Sarbananda Sonowal unveiled the first Made-in-India EXIM shipping container for global shipping company Maersk at Dadri, Uttar Pradesh.
Key Details
- The container was manufactured in India by DCM Shriram Group.
- Maersk placed an order for 1,000 additional containers, signalling commercial adoption of domestic production.
- The Container Manufacturing Promotion Scheme (CMPS) aims to expand India’s annual container-manufacturing capacity and reduce dependence on imported containers.
Exam Connect
- EXIM → Export-import trade.
- TEU → Twenty-foot Equivalent Unit, the standard measure used for container capacity.