“Minimum Government Maximum Governance” through merger of CWC-CRWC
The merger will unify the similar functions of both the companies such as warehousing, handling, and transportation
It will result in efficiency, optimum capacity utilization, transparency, inflow of capital into railside warehousing and employment generation
Management expenditure of Railside Warehouse Complexes (RWCs) is estimated to come down by Rs. 5 crore due to savings in the corporate office rent, salary of employees, and other administrative costs
The merger will facilitate setting up of at least 50 more Railside warehouses near the goods-shed locations
Taking another step towards implementing the direction of “Minimum Government Maximum Governance” given by Prime Minister, promoting ease of doing business and bringing private sector efficiencies in Public Sector Undertakings, the Union Cabinetchaired by the Prime Minister Shri Narendra Modi has approvedto merge and transfer all assets, liabilities, rights and obligations of ‘Central Railside Warehouse Company Limited’ (CRWC), a Mini-Ratna Category-II Central Public Sector Enterprises (CPSE) incorporated under the Companies Act, 1956 in 2007 with its holding enterprise ‘Central Warehousing Corporation’ (CWC). The merger will unify similar functions of both the companies (i.e., warehousing, handling, transportation) through a single administration to promote efficiency, optimum capacity utilization, transparency, accountability, ensure financial savings and leverage railway siding for new warehousing capacities.