Public sector Central Warehousing Corporation (CWC) handed over a cheque for Rs 20.21 crore to Ram Vilas Paswan, minister of consumer affairs, food and public distribution, towards dividend for the year 2014-15.

The cheque was handed over to Pawan by Harpreet Singh, Managing Director, CWC, in New Delhi on Wednesday, 30 December.

The CWC's turnover during the year was Rs 1,562 crore, up from Rs 1,528 crore in the previous financial year.

In 2015-16, the CWC plans to construct storage capacity of about 1.66 lakh MT with a financial outlay of Rs 181 crore, besides commencement of Private Freight Terminals at its rail-based facilities at Bamanheri (UP) and Nabha (Punjab).

Besides operation of Land Custom Station at Petrapole (West Bengal), CWC operates the Cargo Terminal of Integrated Check Post (ICP), at Attari (Punjab) on the Indo-Pak border since April 2012 and at Agartala at the Indo-Bangladesh Border. 

At the event, Paswan asked CWC to become a leading third party logistics company to bring greater efficiency in supply chain operations and reduce wastage, especially of agricultural produce, a government statement said.