STOCK MARKET BSE NSE

3 New CWC Godowns for State

Going by the words of Union Minister of State for Food and Consumer Affairs K V Thomas, the Central Warehousing Corporation (CWC) has huge plans for the state.

Published: 26th February 2014 10:11 AM  |   Last Updated: 26th February 2014 10:11 AM   |  A+A-

Going by the words of Union Minister of State for Food and Consumer Affairs K V Thomas, the Central Warehousing Corporation (CWC) has huge plans for the state.

 “The CWC will open new warehouses in three districts which do not have a warehousing facility at present and will augment the  procurement capacity in other districts,” the minister said here on Tuesday.

 “The CWC will open the modern warehouses in Wayanad, Kollam and Kasargod districts and the procuring capacity of the warehouses in other districts will be increased,” he said adding that there is a plan to implement an IT-enabled warehouse management.

  “The CWC is also planning to open warehouses with the back-up of Travancore Cements in Kakkad and Kottayam,” the minister said. The negotiable warehouse receipt, by which the corporation can pledge the resources procured in its warehouses for loan from banks, will also be implemented soon.

 The Minister said that the warehousing corporation made a profit of `200 crore last year. The minister urged the State government to implement the Food Security Bill passed by the Centre. “The subsidies being received by the state would not be affected with the implementation of the Bill,” the minister said. He claimed the Centre has not discarded the state’s demand for more food subsidies.

 “A total of 98,000 metric tonnes of rice and 23,000 metric tonnes of wheat have been allotted for the state during the past one year,” he said.

Stay up to date on all the latest Kochi news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp