• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

G. Gurumurthy

The CWC is anxious to tap the business potential for Custom-bonded storage points whose demand is anticipated to go up.

Coimbatore , Dec.1

CENTRAL Warehousing Corporation (CWC), which runs an inland container depot (ICD) here for containerised cargo handling, is toying with the idea of setting up a standalone container freight station-cum-warehouse in Tirupur.

CWC, which is looking for suitable land in Tirupur , initially plans to lease accommodation to house the warehousing-cum-container freight station (CFS) to capitalise on what the CWC sources believe the opportune moment for seizing its due share in the Tirupur logistic market.

The corporation is also considering the possibility of taking over readily-available godowns in a suitable locality possibly closer to rail head.

The CWC is anxious to tap the business potential for Custom-bonded storage points whose demand is anticipated to go up once the export quota for textiles under the WTO arrangement goes by next year, reliable CWC sources said.

Sources told Business Line that in this regard CWC authorities were weighing the options as to whether the proposed CFS could be made an independent freight station or be run as an extension of its existing ICD in Singanallur in peripheral Coimbatore city.

In the latter option, it is said, that the corporation may not require all the attendant paraphernalia of a full-fledged ICD and overheads including the need to have a separate Customs field formation posted in Tirupur.

Instead it could get the Customs formality for the Tirupur export/import operations done at its Singanallur ICD's Customs formation itself.

Another key element behind CWC's consideration for a Tirupur warehousing-cum-freight station proposal is the growing increase in import of agricultural commodities/cereals such as soya and maize indented by the poultry feed manufacturers in the region from far-off north Indian production centres.

The poultry feed manufacturers connected with the broiler farms in the Pongalur and Udumalpet belts that are nearby to Tirupur have, in recent years, begun to get their soya meal supplies from Madhya Pradesh/Maharashtra delivered via Tirupur.

These supplies unloaded at the Tirupur railway head are moved by road to these inter-land poultry zones.

The major integrated poultry producers in the district consuming higher volume of feed ingredients such as soya and maize are also said to be positive about using a reliable storage facility provided by a State agency such as CWC as they may not draw the entire feed ingredient materials booked by them in one go.

A staggered drawal of the feed material from a warehousing system supported with a Customs bonding facility may also be a sound business proposition for the CWC.

The CWC also plans to focus on the scope for profitably using its bonded warehousing in an export centre of the value size of Tirupur (whose annual garment exports are estimated at Rs 5,000 crore).

The garment export manufacturers may look for `ready-to-ship' finished garment storage points as part of the supply-chain logistics as well as stocking the textile accessories imported by the apparel exporters for use in their merchandise for export and domestic sale.

More Stories on : Supply Chain Management | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mumbai-Coimbatore flight — Air Deccan to benefit from timing, fare structure

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line