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Home Economy

Central Warehousing Corporation

March 3, 2021
in Economy
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Central Warehousing Corporation
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In news : Recently the Union Minister of Consumer Affairs, Food & Public Distribution said that it’s time for Central Warehousing Corporation ( CWC) to increase the current capacity of 130 LMT by manifold at the earliest

About Central Warehousing Corporation(CWC)

  • CWS is a Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Consumer Affairs, Food and Public Distribution. 
  • Aim: Its aim is to provide reliable, cost-effective, value-added, integrated warehousing and logistics solutions in a socially responsible and environment friendly manner.
  • CWC is engaged in the business of warehousing, total logistics management and allied activities.
  • It is a ‘A’-Mini Ratna, Category – 1 CPSE
  • It is a statutory body which was established under ‘The Warehousing Corporations Act, 1962’.

Warehousing activities of CWC 

  • Warehousing activities of CWC includes food grain warehouses, industrial warehousing, custom bonded warehouses, container freight stations, inland clearance depots and air cargo complexes.
  • CWC has 19 State Warehousing Corporations (SWCs) as its associates. 
  • CWC is 50% shareholder in the equity capital of the SWCs. 
  • As on 31.12.2019, these SWCs were operating 2055 warehouses with a total storage capacity of 354.85 lakh MT.

Other services

  • Apart from storage and handling, CWC also provides services in the area of clearing & forwarding, handling & transportation, disinfestation, fumigation etc.
  • CWC also offers consultancy services/ training to different agencies for construction of warehousing infrastructure.

Current warehouses operated by CWS & storage capacity

As a premier Warehousing Agency, CWCis operating 415 warehouses as on 31.12.2019 with a total storage capacity of 101.44 lakh MT including 25 Container Freight Stations (CFSs)/ Inland Clearance Depots (ICDs), 3 Air Cargo Complexes (ACCs), 2 Inland Check Posts (ICPs) at Petrapole and Attari and 3 Temperature Controlled Warehouses.

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Source: PIB
Tags: PIBPrelims

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