CWC to Play Key Role in Logistics Cost Reduction Plan: Food Minister Joshi

Union Minister for Food and Public Distribution, Mr. Pralhad Joshi, has emphasized the Central Warehousing Corporation (CWC)'s role in lowering logistics costs across India’s supply chain network. Speaking at a recent event, Joshi highlighted the need for efficient storage, modernized infrastructure, and digital transformation to enhance logistics operations and minimize expenses.

The Indian government is actively working to reduce logistics costs from the current 13-14% of GDP to around 8%, in line with global standards. CWC, which operates 430+ warehouses nationwide, will be pivotal in achieving this goal. The corporation is expanding its storage capacity, adopting modern technology such as automated inventory management, and integrating digital solutions to streamline warehouse operations.

Joshi stressed the importance of cold storage, smart warehousing, and multimodal logistics parks to ensure food grains and essential commodities reach consumers efficiently. By leveraging rail and inland waterways alongside road transportation, CWC aims to optimize freight movement and minimize costs.

With India’s growing economy and increasing food demand, an efficient logistics network is essential. The government's focus on infrastructure development, private sector collaboration, and digital integration is expected to enhance supply chain efficiency and reduce costs for businesses and consumers alike.