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The Central Warehousing Corporation (CWC), has paid a dividend of Rs. 2.25 crore to the central government for the year 2003-04. A cheque for this amount was handed over to Shri Sharad Pawar, Minister of Agriculture, Consumer Affairs, Food and Public Distribution by Shri N.K. Choubey, Managing Director, CWC here today. The Corporation has declared a dividend of 20 per cent approximately, of the post tax profit for the year 2003-04. With this dividend, a total amount of Rs. 96.79 crore has been paid back to the central government as against Rs. 37.42 crore invested by it in the share capital of CWC.
CWC proposes to develop a minor port exclusively for its warehousing activities mainly for decongesting the Mumbai port and to speed up making available commodities to consumers. Further the Corporation is also exploring the possibility of operating single window facilities similar to those offered by the railways. The Corporation has signed a MOU with the Railways for developing Rail Side Warehousing Facilities brought up at Bangalore as a Pilot Project; informed Shri S.K. Tuteja, Secretary, Department of Food and Public Distribution who is also Chairman of CWC. Shri Pawar while endorsing the activities of the Corporation suggested the development of a cold chain in collaboration with other players for promoting better preservation of agricultural commodities.
Central Warehousing Corporation (CWC) was established in 1957 under the Act of Parliament. It provides scientific storage facilities for agriculture produce, fertilizers, manure seeds etc. to the farmers, cooperative societies and other institutions at reasonable rates and has been rendering yeoman’s service to the farmers/agriculturists. The Corporation operates 471 werehouses all over India including 98 public/Management Custom Bonded warehouses and 34 Container Freight Stations/Inland Clearance Depots.
It has planned for setting up bulk silos infrastructure for foodgrain storage as part of the National Storage Policy. The Corporation is expanding its infrastructure at Dronagiri Node, Navi Mumbai to cater to its increased container business, as also at Kandla Port. It is also in the process of building conventional warehouses as well as Container Freight Station at Mundra Port, as an upcoming port of the West Coast.
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