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||By A Special Correspondent|
The Central Warehousing Corporation (CWC) was established under the Agricultural Produce (Development and Warehousing) Corporations Act, 1956, which was later repealed and replaced by the Warehousing Corporations Act, 1962. The authorized and paid up capital of the Corporation are Rs. 100 crore and Rs. 68.02 crore respectively. The shareholders of the Corporation are the Government of India, the State Bank of India, 35 other scheduled banks, 7 insurance companies, 6 recognized associations/companies dealing in agricultural produce and 400 cooperative societies.
To emerge as a leading global market facilitator by providing integrated warehousing infrastructure and other logistic services; as a support to India’s economy with emphasis on customers’ delight.
To provide total quality service on a global scale in the field of warehousing, logistic services and related activities with value addition to the customers’ satisfaction
Functions of CWC:
The main functions of CWC are as follows:
As on 1st July 2010, CWC was operating 483 warehouses with a total storage capacity of 105.21 lakh MT with an average utilization of 92%.
CWC is the leading player in the Warehousing/Logistics business and providing warehousing/logistics facilities to its diversified clientele including farmers, traders, Government Departments, Semi-Government Agencies, Autonomous Bodies, Cooperative Institutions, importers/exporters, etc. The Corporation has been providing scientific storage facilities for foodgrains, agricultural inputs and produce and other notified commodities. In order to cross–subsidize the agricultural sector and to sustain its operation, CWC has been diversifying into different areas. It made an entry into operation of Public Bonded Warehouses in the late seventies, when the CBEC, acknowledging the expertise of CWC in the field of storage and warehousing, identified it as a custodian for imported dutiable goods. CWC is now operating 75 Custom Bonded Warehouses with a capacity of 5.11 Lakh MT. The CWC also runs 4 Air Cargo Complexes (8421 MT), 36 Container Freight Stations/Inland Clearance Depots (15.68 lakh MT) and 3 Temperature Controlled Warehouses (2200 MT) providing services to the export/import trade.
CWC is a consistently profit making PSU not dependent upon any budgetary support from the Government. All its operations as well construction/expansion activities are met out of its own internal generation of resources. The financial results of the Corporation for the past five years are as under:
State Warehousing Corporations
CWC has 17 Subsidiaries i.e. State Warehousing Corporations (SWCs). As on 01.07.2010, these SWCs operated 1599 Warehouses, with 223.50 lakh MT capacity with overall capacity utilization level of 82%. The CWC has so far invested Rs.60.37 crore as share capital in the SWCs.
During 2009-10, CWC earned a revenue of Rs.14.83 crore as against Rs.12.56 crore earned during 2008-09, posting a growth of about 20%.
(Income in lakh Rs)
Container Train Operations
With a category-I licence from the Indian Railways for running container trains on pan India basis, CWC is presently operating Container trains between Loni (Delhi) and J.N. Port (Navi Mumbai). It is also operating Container Rail Terminals at Loni and Kalamboli (Navi Mumbai )on PPP model. These terminals are also being used by other train operators as common user facility.
Integrated Check Post Terminal
CWC is operating an integrated truck terminal with spread over an area of 17.08 acre, at Petrapole (West Bengal) on the Indo-Bangladesh border with facility for truck parking, weighment, storage, customs examination, etc. for providing support services to the import/export trade with Bangladesh through land route. During 2009-10, this facility handled 1.62 lakh import/export trucks, recorded 89% capacity utilization and earned a revenue of Rs.254.30 lakh as against 1.53 lakh trucks handled and revenue of Rs.227 lakh earned through 82% capacity utilization during 2008-09.
Central Railside Warehouse Company Ltd (CRWC)
CWC has formed a 100% owned subsidiary company namely Central Railside Warehouse Company Ltd (CRWC) for development and spread over of Railside Warehousing Complexes(RWCs). The subsidiary was incorporated on 10th July, 2007 and received certificate for commencement of business on 24th July, 2007. CRWC is now operating 14 RWCs with a total storage capacity of 2,33,025 MT. Construction of RWCs at Dehri-on-sone, Saswad Road (Pune) and Dankuni (Kolkata) with a total capacity of 44,150 MT is in progress. Capacity at the existing Railside Warehousing Complexes at Yamuna Bridge, Agra (7,000 MT) and Korkkupet, Chennai (19,500 MT), is being augmented by CRWC to meet user demand.
Fulfilling Social Objectives
By providing warehousing facilities for foodgrains and other agricultural inputs and produce as well as providing infrastructure for EXIM trade, CWC fulfills the following social objectives:
Towards Corporate Social Responsibility
Establishment of CWC in March 1957 by the Government through the Agricultural Produce (Development & Warehousing) Corporations Act, 1956 was itself an initial attempt towards Corporate Social Responsibility to check the exploitation of the farmers by the village money lenders, save them from indebtedness, enable them to get loans against the Warehouse Receipt and thus avoid Distress Sale.
An illustrative list of activities supported under CSR Scheme is given below:
CWC’s Track Record
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