Central Warehousing Corporation 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 to provide logistics support to the agricultural sector. It operates 734[1] 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.
Function
The Warehousing Corporation Act, 1962: Subject to the provisions of this Act, the Central Warehousing Corporation may:[2]
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.[3][4]