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.