Central Warehousing Corporation celebrates 69th Foundation Day
The Central Warehousing Corporation celebrated its 69th Foundation Day in New Delhi on 2 March 2025, where Union Minister Pralhad Joshi said the government aims to cut logistics costs from 13-14% to around 8%.
Summary
The Central Warehousing Corporation (CWC), set up in 1957, celebrated its 69th Foundation Day in New Delhi on 2 March 2025. Union Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi said that through the National Logistics Policy and PM Gati Shakti the government aims to bring logistics costs down from 13-14% to the global standard of around 8%. He noted CWC's role in PMGKAY and PM-AASHA and its network of over 700 warehouses.
Key facts
- Date
- 2 March 2025, New Delhi
- Occasion
- 69th Foundation Day of CWC
- Established
- 1957
- Logistics cost goal
- From 13-14% to around 8%
- Network
- Over 700 warehouses
Practice MCQs 3 questions
The Central Warehousing Corporation, which celebrated its 69th Foundation Day on 2 March 2025, was established in which year?
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Correct answer: C — 1957
The CWC was set up in 1957 and marked its 69th Foundation Day on 2 March 2025.
At CWC's 69th Foundation Day (2 March 2025), Pralhad Joshi said the government aims to bring logistics costs down to around what level?
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Correct answer: D — 8%
He said the National Logistics Policy and PM Gati Shakti aim to cut logistics costs from 13-14% to the global standard of around 8%.
Consider the following statements about the Central Warehousing Corporation (CWC), which marked its 69th Foundation Day on 2 March 2025: 1. The CWC is a company incorporated under the Companies Act, 1956. 2. The Warehousing Corporations Act, 1962, under which the CWC functions, is administered by the Ministry of Consumer Affairs, Food and Public Distribution. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
The CWC is a statutory corporation constituted under the Warehousing Corporations Act, 1962 (Section 3), not a company under the Companies Act; that Act is administered by the Ministry of Consumer Affairs, Food and Public Distribution (Department of Food and Public Distribution). Only the second statement is correct.