Warehousing higher profits

cwcThe Central Warehousing Corporation (CWC) was established in 1957 to provide scientific storage facilities for over 400 commodities — including foodgrains, fertilisers, agricultural inputs. Its Managing Director BB Pattanaik spoke to HT on a range of issues. Excerpts:

What are the CWC’s main activities?

CWC has been providing scientific warehousing and logistics infrastructure facilities to a wide range of clients including farmers, traders, industrial houses, importers and exporters. Set up initially for storage of foodgrains to avoid distress sale by the farmers, CWC has diversified its activities and presently operates 488 warehouses... besides operating an offshore warehouse in Philippines on a management basis.