The Central Warehousing Corporation (CWC), a Central Public Sector Enterprise under the Ministry of Consumer Affairs, Food & Public Distribution, recently celebrated its 70th Foundation Day.
On this occasion, CWC’s performance overview for FY 2024–25 was presented. It achieved highest-ever turnover of ₹2,776.88 crore and Profit Before Tax (PBT) of ₹711.60 crore during FY 2024–25, compared to ₹2,303.81 crore turnover and ₹590.36 crore PBT in FY 2023–24. A dividend of ₹160.10 crore has been proposed and paid for the year.
About Central Warehousing Corporation (CWC)
- Legal Status: It is premier statutory body under the Warehousing Corporation Act, 1962.
- Established Year: 1957
- CPSE Status: Navratna Central Public Sector Enterprise (CPSE)
- Parent Ministry: Ministry of Consumer Affairs, Food & Public Distribution, Government of India.
- Mandate: To provide reliable, cost-effective, and integrated warehousing and logistics solutions.
Key objectives include:
- Strengthening Food Security: Maintaining buffer stocks to support the nation’s food security framework.
- Reducing Post-Harvest Losses: Assisting farmers in reducing losses through scientific storage and pest control.
- Market Facilitation: Acting as a leading market facilitator by integrating warehousing infrastructure across the supply chain.
- Credit Accessibility: Enabling credit through negotiable warehouse receipts (NWRs) to improve liquidity in rural areas.
Functions of CWC:
It performs a range of operational and commercial functions
- Scientific Storage: Building and managing warehouses for over 400 commodities, including perishables in cold storage and industrial goods.
- Total Warehouses: 741 directly operated units with a storage capacity of 149.0 lakh MT.
- State Associates: Partners with 19 State Warehousing Corporations (SWCs), which operate an additional 2,264 warehouses
- EXIM Logistics: Operating Container Freight Stations (CFSs), Inland Clearance Depots (ICDs), and Air Cargo Complexes to facilitate international trade.
- Pest Control Services: Providing specialized disinfestation and fumigation services for farmers, exporters, and government agencies.
- Farmers Extension Service Scheme (FESS): Educating farmers on scientific preservation techniques and offering rebates on storage charges.
- Consultancy & Training: Offering expert advice on storage problems and preparation of techno-economic feasibility reports for warehousing projects.
- Public Distribution Support: Assisting in the procurement and distribution of essential commodities under the Public Distribution System (PDS).