Central Warehousing Corp (CWC), a public sector undertaking under the Ministry of Consumer Affairs, Food, and Public Distribution, plans to monetise its assets across India. The company expects to attract over Rs 1500 crore in investments through this initiative.

The decision to monetise assets comes as part of the central government’s efforts to unlock the value of underutilised assets and generate funds for key infrastructure projects. CWC, being one of the largest warehousing service providers in India, owns significant real estate assets in various parts of the country.

By monetising these assets, CWC aims to enhance its financial position and generate funds for future expansion and development plans. The influx of capital will enable the company to upgrade its existing infrastructure, invest in advanced technologies, and improve operational efficiencies.

The assets to be monetised include land parcels, warehouses, container freight stations, silos, and other related facilities. CWC will explore various methods such as long-term lease, sale, or joint development agreements to unlock the value of these assets.

The company has already appointed a consultant to undertake the necessary valuation exercise and recommend the optimal monetisation strategy for each asset. The consultant will also assist in identifying potential investors and finalising the terms of the monetisation agreements.

CWC aims to complete the monetisation process within a stipulated timeframe and utilise the generated funds for strategic initiatives. The company plans to leverage the investments to augment its warehousing capabilities, establish new warehouses in underserved areas, and diversify into allied sectors.

The monetisation of assets will not only strengthen CWC’s financial position but also contribute to the overall growth of the logistics and warehousing sector in India. It will provide opportunities for private players to invest in warehousing infrastructure, enhance supply chain efficiencies, and contribute to the government’s vision of Atmanirbhar Bharat.

The move by CWC aligns with the government’s objective of promoting asset monetisation as a key tool to bridge the infrastructure funding gap. Monetising underutilised assets will create a revenue stream for public sector enterprises and help in resource mobilisation for critical development projects.

In conclusion, CWC’s decision to monetise its assets across India is a strategic move to unlock the value of its underutilised real estate holdings. The initiative will not only enhance the company’s financial position but also contribute to the growth of the warehousing and logistics sector in the country. With an expected investment of over Rs 1500 crore, CWC foresees significant opportunities for expansion, development, and diversification in the near future.