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DAILY NEWS ANALYSIS

  • 06 April, 2021

  • 3 Min Read

Modernization plan of Central Warehouse Corporation

Recently Min of Food Supplies taked about modernizing Central Warehousing Corporation and improving its storage capacities.

Other modernizing aspects that were talked about were:

    • doubling its warehouse storage capacity by end of year 2023 and achieve a turnover of Rs 10000 crore
    • tariff rationalization and setting of warehouses should be done independently by CWC without any bureaucratic interference
    • He said that maximum powers of decision making for operations should be delegated to the CWC. He also asked CWC to focus on building of cold chain storage in the country on priority basis.
    • Safety Audit for fire, earthquakes burglary and accidents in its all warehouses regularly.
    • build modern silos for wheat and rice storage all over the country, so that maximum grains could be stored in the country for longer periods.
    • build more cold chain facilities for storage Onion, Potato and Tomato in coordination with NAFED.

Central Warehousing Corporation

  • Central Warehousing Corporation is a Mini-Ratna Category-I CPSE.
  • It is a statutory body which was established under ‘The Warehousing Corporations Act, 1962.
  • It is a public warehouse operator established by the Government of India in 1957 for the purpose of warehousing of agriculture produce and certain other commodities notified by the Central Government and for matters connected there with.
  • Headquarters: New Delhi.

To read further on Food Security Click Here

Source: PIB


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