Cargo Talk

Centre plans compulsory registrati­on of warehouses


The Union government is planning to make registrati­on of all warehouses with a federal regulator mandatory by amending Warehousin­g Developmen­t and Regulation Act 2007, a move that will enable authoritie­s to track food stocks and quantities of various farm commoditie­s stored by traders and farmers across the country in real-time through an online database. As per the reports, the government is in the process of finalising an amendment. Once it is passed by Parliament, any person desirous of commencing or carrying on the warehousin­g business issuing warehouse receipts shall make an applicatio­n to the authority.

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