CWC should provide more services and be competitive: Paswan

Image
Press Trust of India New Delhi
Last Updated : Mar 02 2015 | 7:57 PM IST
Food Minister Ram Vilas Paswan today asked the state-owned Central Warehousing Corporation (CWC) to be competitive and provide complete logistic services to customers and not only storage facilities.
Addressing the foundation day of the CWC, the minister said the corporation has made a significant progress since its formation in 1957.
"From 7,000 tonnes of capacity with 7 warehouses, CWC has increased its capacity to 108 lakh tonnes and 464 warehouses. The organisation has done a good job," Paswan said.
Expressing satisfaction that the CWC was in profit, he said the corporation achieved a profit before tax of Rs 256 crore over a turnover of Rs 1,528 crore during 2013-14.
However, he said that providing storage facilities was not enough as traders seek all facilities and not merely godowns.
Paswan noted that the customers want facilities like insurance, safety, warehousing receipt for bank loans, custom clearance and duty payments among others.
"Customers/traders will go to the place where maximum facilities are being provided at the cheapest rate," he said.
To achieve higher growth, Paswan said the CWC should boost the morale of its 4,500 employees and consider linking the performance with profits to boost their morales.
The minister directed the CWC to provide basic facilities to labourers working at its godowns within three months as there have been complaints in this regards. He also said that the CWC should focus on cleanliness.
Speaking at the event, Food Secretary Sudhir Kumar said the CWC should improve services as per the current requirement and assured all support from the government.
CWC is operating 464 Warehouses across the country with a storage capacity of 10.8 million tonnes providing warehousing services for a wide range of products ranging from agricultural produce to sophisticated industrial products.
Warehousing activities of CWC include foodgrain warehouses, industrial warehousing, custom bonded warehouses, container freight stations, inland clearance depots and aircargo complexes.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2015 | 7:57 PM IST

Next Story