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Corporations/ Associations/ Others | Not Classified - india | PID: 201934
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The Central Warehousing Corporation (CWC) is planning to monetise and modernise its warehouses across India under the National Monetisation plan. The public sector enterprise expects to attract investments worth over Rs 1,500 crore through this programme
The plan involves development of these warehousing facilities across 80 key locations in the country through public private partnership (PPP) under design, build, finance, operate and transfer (DBFOT) model for a period of 45 years to the concessionaire. This would help boost operational efficiencies, technology, and digitisation
54 sites will be taken up across the country and more than 20 will be added to the pipeline in the next stage. Of these sites, 21 sites are spread over five acres each, seven are spread over three-five acres each, while some sites are less than three acres each
CWC will provide encumbrance-free sites spread over 200 acres, with no change of land use and clear title required. These projects may include, ports, airports, railways, logistic parks, real estate development and core sector projects, though real estate development will not include development of residential apartments. Coal, crude oil, natural gas, refinery products, steel and cement are among the core sectors
CWC along with advisor Knight Frank India has invited bids for this nation-wide warehousing monetisation program. The process is expected to be completed by December-end
These pre-approved warehousing sites are spread over 46 acres in tier-I cities, around 72 acres in tier-II cities and 81 acres in tier-III towns
| Updated on: 07 - Nov - 2023
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