Govt aims to reduce logistics costs to 8% with CWC boosting infrastructure and efficiency.

The government plans to cut logistics costs from 13-14% to 8%, aligning with global benchmarks. Addressing CWC’s 69^th Foundation Day, Food Minister Pralhad Joshi highlighted CWC’s vital role in modernising warehousing and improving efficiency.

CWC, established in 1957, now operates over 700 warehouses with a storage capacity of 148.29 lakh metric tonnes. It has added 120 lakh sq ft of capacity this year and monetised assets worth ₹820 crore across 18 locations.

The government is enhancing supply chains through private sector participation and digital transformation. Joshi emphasised CWC’s role in food security via PMGKAY and PM-AASHA.

Ministers BL Verma and Nimuben Jayantibhai Bambhaniya reaffirmed CWC’s commitment to seamless storage. Future plans include developing cold storage under PPP and modernising warehouses in Tier-I and Tier-II cities.

Source: Business Standard