Summary
These boxes help move things across the world by sea.
The plan will help make many new jobs for people.
It will also help Indian factories grow and sell boxes to other countries.
Key Points
4 points1
Government will spend about ten thousand crore Indian rupees.
2
Goal is to make ten times more containers, up to 750,000 units.
3
Will create about 3,000 direct jobs and 50,000 indirect jobs.
4
Money will help factories with costs and loans.
New Words to Learn
15 wordsCabinet
the group of top leaders who make big decisions for the country
scheme
a plan or program to do something
container
a big metal box used to carry goods on ships
manufacturing
making things in a factory
budgetary outlay
the amount of money set aside for a project
maritime
related to the sea and ships
logistics
the way things are moved and stored
annual
happening once every year
twenty‑foot equivalent units
a way to measure the size of shipping boxes
operational expenditure assistance
money given to help pay for running costs
interest subvention assistance
extra help that makes loan interest cheaper
subsidy
money given to lower the price of something
term loans
loans that are paid back over a set time
testing and certification
checking that something meets required standards
ancillary industries
other businesses that help make the main product
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