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

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

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.

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.

Next Story
Infrastructure Transport

Bengaluru Unveils Rs 1,200 Bn Infra Upgrade Plan

Bengaluru is set to receive a massive infrastructure boost worth Rs 1,200 billion under new projects planned by the Karnataka government to enhance urban mobility and connectivity. The initiative includes the expansion of the city’s metro network, construction of tunnel roads, elevated corridors, and 500 km of white-topping works to improve road durability. The Bruhat Bengaluru Mahanagara Palike (BBMP) and Bengaluru Metro Rail Corporation Limited (BMRCL) will jointly execute the projects. Key projects include tunnel roads between Hebbal and Mekhri Circle, 25 new signal-free corridors, and ..

Next Story
Infrastructure Transport

Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy

Cochin Shipyard Limited (CSL) has delivered INS Mahe, the first indigenous Anti-Submarine Warfare Shallow Water Craft (ASW SWC), to the Indian Navy. The vessel is part of an eight-ship series being constructed under the Navy’s “Atmanirbhar Bharat” initiative to strengthen coastal defence capabilities. Designed and built entirely in India, Mahe features advanced sensors and weapon systems for detecting and neutralising underwater threats in coastal waters. The vessel underwent extensive sea trials before delivery, demonstrating high performance and manoeuvrability. This milestone reinfo..

Next Story
Infrastructure Urban

Vedanta Group to invest Rs 1,000 billion more in Odisha projects

Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?