Central Warehousing Corporation:
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CWC is a Schedule ‘A’-Mini Ratna Central Public Sector Enterprise (CPSE).
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It is a statutory body which was established under ‘The Warehousing Corporations Act, 1962’.
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Its aim is to provide reliable, cost-effective, value-added, integrated warehousing and logistics solution in a socially responsible and environment friendly manner.
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Warehousing activities of CWC includes food grain warehouses, industrial warehousing, custom bonded warehouses, container freight stations, inland clearance depots and air cargo complexes.
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Apart from storage and handling, CWC also provides services in the area of clearing & forwarding, handling & transportation, disinfestation, fumigation etc.
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CWC also offers consultancy services/ training to different agencies for construction of warehousing infrastructure.
Merger of CWC and CRWC:
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Cabinet has approved the merger of CWC with Central Railside Warehouse Company Ltd (CRWC).
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The merger aims to improve efficiency, capacity utilization, and financial savings.
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Benefits of the Merger:
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It will lead to the transfer of all assets, liabilities, rights, and obligations of CRWC to CWC.
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It will unify similar functions of both companies such as warehousing, handling, and transportation under a single administration.
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It will promote efficiency, capacity utilization, transparency, accountability, and ensure financial savings.
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