CWC Aims for ?1.5k-2k Cr Inflows for Warehouse Redevelopment

08 Nov 2023 CW Team

The move comes as a part of the government's push to enhance infrastructure in the warehousing sector and create integrated storage facilities. The investment from private players will not only improve the quality of warehousing but also promote logistic efficiencies and support the growth of businesses.

The CWC plays a crucial role in ensuring food security and providing storage solutions in different parts of the country. By collaborating with private players, the corporation aims to leverage their expertise and resources to transform the existing warehouses into state-of-the-art storage facilities.

The redevelopment plans include upgrading the warehousing infrastructure by introducing advanced technologies, optimizing space utilization, and implementing energy-efficient practices. These measures will enable faster handling and storage of goods, ensuring better inventory management for businesses operating in various sectors, including agriculture, food processing, pharmaceuticals, and e-commerce.

Private players, such as logistics firms, real estate developers, and other stakeholders, have expressed interest in participating in the initiative. The partnership between CWC and private entities will facilitate the transfer of knowledge and best practices, providing a boost to the warehousing industry in India.

Increasing investments in warehouse redevelopment will further strengthen the country's position as a key player in the global supply chain. The move aligns with the government's focus on improving infrastructure, reducing bottlenecks, and enhancing the ease of doing business. It is expected to attract more investments and contribute to the development of a robust logistics ecosystem in India.

The CWC aims to expedite the process by adopting a transparent and streamlined approach in selecting private players for the redevelopment projects. The corporation will ensure that global standards and best-in-class practices are followed during the implementation of these projects.

In conclusion, the CWC's collaboration with private players for warehouse redevelopment is expected to bring substantial investments of ?1500-2000 crore. This will lead to the transformation of India's warehousing infrastructure, enhancing storage capacities and logistic efficiencies in various industries.

The Central Warehousing Corporation (CWC) is expecting significant investments of ?1500-2000 crore from private players for the redevelopment of warehouses across the country. CWC, which falls under the Ministry of Consumer Affairs, Food and Public Distribution, is seeking private sector participation to modernize existing warehouses and build new ones in line with global standards. The move comes as a part of the government's push to enhance infrastructure in the warehousing sector and create integrated storage facilities. The investment from private players will not only improve the quality of warehousing but also promote logistic efficiencies and support the growth of businesses. The CWC plays a crucial role in ensuring food security and providing storage solutions in different parts of the country. By collaborating with private players, the corporation aims to leverage their expertise and resources to transform the existing warehouses into state-of-the-art storage facilities. The redevelopment plans include upgrading the warehousing infrastructure by introducing advanced technologies, optimizing space utilization, and implementing energy-efficient practices. These measures will enable faster handling and storage of goods, ensuring better inventory management for businesses operating in various sectors, including agriculture, food processing, pharmaceuticals, and e-commerce. Private players, such as logistics firms, real estate developers, and other stakeholders, have expressed interest in participating in the initiative. The partnership between CWC and private entities will facilitate the transfer of knowledge and best practices, providing a boost to the warehousing industry in India. Increasing investments in warehouse redevelopment will further strengthen the country's position as a key player in the global supply chain. The move aligns with the government's focus on improving infrastructure, reducing bottlenecks, and enhancing the ease of doing business. It is expected to attract more investments and contribute to the development of a robust logistics ecosystem in India. The CWC aims to expedite the process by adopting a transparent and streamlined approach in selecting private players for the redevelopment projects. The corporation will ensure that global standards and best-in-class practices are followed during the implementation of these projects. In conclusion, the CWC's collaboration with private players for warehouse redevelopment is expected to bring substantial investments of ?1500-2000 crore. This will lead to the transformation of India's warehousing infrastructure, enhancing storage capacities and logistic efficiencies in various industries.