Government eyeing global standards to cut logistics cost to 8 pc: Pralhad Joshi. India’s warehousing market expected to grow at a remarkable 15 per cent CAGR, reaching $35 billion by 2027. Central Warehousing Corporation (CWC) has an extensive network of over 700 warehouses and an operational storage capacity of 148.29 lakh metric tonnes. CWC has added new capacities with more than 120 lakhs sq ft capacity hired during 2024-25, storage of 70 Lakhs Cotton Bales and 1.90 crore bags of groundnut in the current season. The Corporation was awarded ‘Navratna Status’ in April 2024, he added. The event commenced with a presentation on the overview of CWC performance by Santosh Sinha, Managing Director, CWC. He emphasised the modernisation of conventional warehouses in Tier-I and Tier-II cities, the development of cold storage facilities under the PPP model and leveraging partnerships with stakeholders. He added that its e-commerce capacity has grown twelvefold since 2021 to approximately 80 lakh square feet in 2025.
