TURNING WAREHOUSES INTO
CREDIT SUPPORT ENTITIES – VISION,
OBSTACLES AND THE WAY FORWARD
PRESENTATION
BY
C.T.THOMAS
REGIONAL 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