CWC's trainning for formers
The Central Warehousing Corporation is conducting here a training for farmers of the district on Monday and Tuesday about the benefits of the Warehousing (Development and Regulation) Act, 2007, which came into effect in September this year.A release said the Department of Food and Public Distribution was in the process of introducing a negotiable warehouse receipt system to make the “Warehouse Receipt” a fully negotiable instrument. The Central Warehousing Corporation was the nodal training agency and so far the regional office in Chennai had conducted six training programmes. Two more would be held this month. The Act envisaged setting up of a warehousing and regulatory authority to implement the provisions of the Act and to deal with all matters pertaining to accreditation agency to certify the warehouses, registration of warehouses and warehousemen.A Warehousing Advisory Committee would be established to advise regulatory authority on all matters pertaining to the Act and to assist in making provisions to implement the Act.The system of negotiable warehouse receipt would result in several benefits such as increasing liquidity in rural areas, encouraging scientific warehousing of goods, lower cost of financing, shorter and more efficient supply chains, enhanced rewards for grading and quality, better price risk management and higher returns to farmers.
