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Central Warehousing Corporation has launched the E-Negotiable Warehouse Receipt (E-NWR). Speaking at the launch, Dr B. B. Pattanaik, Chairman, Warehousing Development Regulatory Authority (WDRA) said, “Introduction of the e-NWR is part of the digitalisation of registration, monitoring and surveillance of e-NWR, wherein farmers and traders will get better and transparent access to the market.”
Further, he said with the introduction of e-NWR, depositors of stocks can now avail of the benefit without visiting the warehouse where they are depositing the stocks and they can simply make transactions even at their doorstep.
Warehouse receipts in the form of an e-NWR issued by the warehousemen to customers against commodities deposited for storage can now be used for availing of financial facilities from financial institutions, without any difficulty. The move has been welcomed by traders/ depositors as well as the banking sector, as it is a transparent and quick mode of communication.
Dr Pattanaik was accompanied by representatives from the banking sector and depositors, along with S. C. Mudgerikar, Director (M&CP), CWC, New Delhi; Shivanand Rai, Regional Manager, CWC, Bengaluru; Dr. Naveen Kumar Raju, Managing Director, KSWC; J Shiva Shankara, Manager, CW, APMC Yard, Bengaluru; and officials of the Stock Holding Corporation of India.
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