Central Warehousing Corporation is a statutory body which was established under âÂÂThe Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 to provide logistics support to the agricultural sector. It operates 734 warehouses across India with a storage capacity of 10 million tonnes. Services include foodgrain warehouses, industrial warehousing, custom bonded warehouses, container freight stations, inland clearance depots, and air-cargo complexes.
The Warehousing Corporation Act, 1962: Subject to the provisions of this Act, the Central Warehousing Corporation may:
The Warehousing Corporation (Amendment) Bill, 2011 has been proposed in the Lok Sabha by the Ministry of Consumer Affairs, Food and Public Distribution seeking to make Mini-Ratna company Central Warehousing Corporation (CWC) an independent body without the government being a guarantor.
CWC operations include scientific storage and handling services for more than 400 commodities, including Agricultural produce, Industrial raw materials, finished goods, and a variety of hygroscopic and perishable items.
CWC enables the movement of imported and exportable goods to and from the port towns and has developed an infrastructure of Container Freight Stations & Inland Clearance Depots throughout the country. It operates 36 CFSs/ ICDs where composite services for containerised movement of import/export cargo are provided. The Warehousing Corporation is empowered to acquire and build Warehouses for storage of Agricultural produce, seeds, fertilizers and other notified commodities and also to act as an agent of the Central Warehousing Corporation or of the Government, for purchases, sales storage, distribution etc., of Agricultural Commodities in time of need. Though it has been criticised for lack of manpower and technologically equipped warehousing facility.