Warehousing corporation looking for business from private depositors

CHENNAI, MARCH 17. The State-owned Tamil Nadu Warehousing Corporation (TNWC), having godowns in 65 places throughout the State, has been taking efforts to get business from private depositors in view of the decreasing trend in warehousing business due to drought situation in the country.

The Minister for Food and Cooperation, Pollachi V. Jayaraman, moving the demand for grants for the Cooperation, Food and Consumer Protection Department, in the Assembly said today that a total of 10 private companies were occupying the storage facilities of the TNWC, which had a total storage capacity of 6, 22,958 tonnes.

"As a new venture, the TNWC has entered into an agreement with the National Commodity and Derivatives Exchange Ltd., Mumbai, to utilise the warehouses of Erode and Gobichettipalayam for turmeric storage."

To diversify the activities and increase revenue, the corporation "is participating in the tenders floated by various private and Government agencies for storage, handling, transportation and other connected activities and succeeded in getting tenders in favour of the TNWC from Balmer Lawrie and Company, the Madras Fertilisers Limited and Indian Oil Corporation," he said.

As of now the storage space in the warehouses "is utilised by various depositors including Government agencies such as Food Corporation of India, Tamil Nadu Civil Supplies Corporation, Tamil Nadu Textbook Corporation, Tamil Nadu State Marketing Corporation, cement consuming departments, fertilizer manufacturing companies, Election Department and Tamil Nadu Handloom Weavers Cooperative Society."

Family cards

On issuance of family cards, Mr. Jayaraman said 34,71,569 applicants wanted rice option cards and 2,84,436 were for sugar option cards. As many as 14,441 of a total of 37, 70,446 eligible applications were for `police cards.' Regarding re-issuance of updated existing ration cards, he said the process of printing would be taken up now and new cards would be distributed to the beneficiaries by June.

New schemes

Announcing new schemes for the current financial year, he said 2,000 women members of respective primary agricultural cooperative banks (PACBs) would be provided with interest-free loans at the rate of Rs.500 a member at an outlay of Rs.10 lakhs for enhancing their borrowing power. A provision of Rs. 34 lakhs for purchase of barrels to the fair price shops run by the PACBs for storing sufficient quantity of kerosene, Rs.50 lakhs for computerisation of the Civil Supplies Department, Rs.40 lakhs for purchase of 10 new vehicles and Rs.21.50 lakhs for improving the marketing activities of the cooperative marketing societies were among the new schemes.

Loans to the extent of Rs.92.61 crores would be issued to the non-farm sectors during the current financial year, he added.

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