TURNING WAREHOUSES INTO CREDIT SUPPORT ENTITIES – VISION, OBSTACLES AND THE WAY FORWARD

PRESENTATIONBY

C.T.THOMASREGIONAL MANAGER,

CENTRAL WAREHOUSING CORPORATION, MUMBAI

EVOLUTION OF WAREHOUSING

ROYAL COMMISSION ON AGRICULTURE, 1928.

RURAL BANKING INQUIRY COMMITTEE, 1949.

RURAL CREDIT SURVEY COMMITTEE, 1954.

ORIGIN OF PUBLIC WAREHOUSING IN INDIA PUBLIC WAREHOUSING IN INDIA EVOLVED AS A MEANS FOR

FACILITATING MARKETING OF AGRICULTURE PRODUCE.

AVOIDANCE OF POST HARVEST LOSSES.

INTRODUCTION OF GRADE SPECIFICATIONS.

INTRODUCTION OF WAREHOUSE RECEIPT AS A NEGOTIABLE INSTRUMENT.

NATIONAL CO-OPERATIVE DEVELOPMENT AND WAREHOUSING BOARD, 1956.

CENTRAL WAREHOUSING CORPORATION & STATE WAREHOUSING CORPORATIONS, 1957.

PUBLIC WAREHOUSES TODAY NETWORK OF SCIENTIFICALLY CONSTRUCTED WAREHOUSES

THROUGHOUT THE COUNTRY.

GRADE SPECIFICATIONS FOR OVER 400 COMMODITIES.

WAREHOUSE RECEIPT AS A WIDELY ACCEPTED INSTRUMENT FOR FACILITATING CREDIT AGAINST WAREHOUSED STOCKS.

COMPREHENSIVE POST HARVEST CARE FOR AVOIDING DETERIORATION IN QUALITY.

FACILITIES FOR EXTENSION ACTIVITIES WITH GOOD RURAL NETWORKS.

WAREHOUSES AS CREDIT SUPPORT ENTITIES – THE VISION. CUSTOMER BASE DOCUMENTED & LINKED BY EXTENSION

NETWORK.

WIDER DISTRIBUTION OF INFRASTRUCTURE FOR COVERING ALL MAJOR PRODUCTION, TRADE & CONSUMPTION CENTRES.

WEIGHT AND PACKAGING STANDARDISED.

UNIFORM GRADE SPECIFICATIONS COVERING ALL COMMODITIES.

STANDARDISED PRACTICES FOR ACCEPTANCE OF GOODS, STORAGE PRACTICES AND UPKEEP OF QUALITY.

CO-ORDINATION WITH FINANCING INSTITUTIONS FOR FACILITATING SINGLE WINDOW CLEARANCE.

COMPUTERISED TRANSACTIONS.

OBSTACLES IN POPULARISATION OF WAREHOUSE BASED FINANCING

LIMITED NEGOTIABILITY OF WAREHOUSE RECEIPT AS A NEGOTIABLE INSTRUMENT.

INADEQUACY OF INFRASTRUCTURE.

INADEQUACY OF TRAINED PERSONNEL FOR MANNING WAREHOUSES AND FOR EXTENSION ACTIVITIES.

GRADE SPECIFICATIONS TO BE POPULARISED.

INADEQUACIES IN WEIGHING, PACKING, HANDLING AND TRANSPORTATION OF GOODS.

NON-OBSERVANCE OF STANDARD PRACTICES IN QUALITY CONTROL.

WAY FORWARD REGULARISATION OF WAREHOUSING ACTIVITIES BY A

CENTRAL AGENCY.

LEGAL STATUS TO WAREHOUSE RECEIPTS AS NEGOTIABLE INSTRUMENTS.

DEMATERIALISATION OF WAREHOUSE RECEIPTS.

PRIVATE SECTOR INVESTMENT IN WAREHOUSING.

UNIFORM POLICIES FOR QUALITY CONTROL AND GRADE SPECIFICATIONS.

THANK YOU