Central Warehousing Corporation to invest Rs 181 crore for adding 1.66 LT storage capacity

NEW DELHI: State-run Central Warehousing Corporation (CWC) is planning to add 1.66 lakh tonnes of additional storage capacity with a financial outlay of Rs 181 crore this fiscal.

The corporation has given Rs 20.21 crore as dividend to the Food Minister Ram Vilas Paswan for 2014-15.

“CWC has planned to construct storage capacity of about 1.66 lakh MT with a financial outlay of Rs 181 crore,” Paswan said in an official statement.

“CWC should become leading third party logistic company to make supply chain efficient, economic and to reduce the wastage specially of agri produce,” it said.

The corporation had achieved another record turnover of Rs 1,562 crore during 2014-15 as against of Rs 1,528 crore achieved in the preceding fiscal.
It also achieved highest over gross operation margin of Rs 209 crore compared with Rs 176 crore during 2013-14, registering a growth of about 19 per cent.

It also plans to commence operations of Private Freight Terminals at its rail-based facilities at Bamanheri in Uttar Pradesh and Nabha in Punjab, the statement said.

CWC is also playing a key role in border trade and is operating cargo terminals of Integrated Check Post in Attari at India-Pakistan border and in Agartala at Indo-Bangladesh border, it added.

Source: Economic Times