Lack of adequate warehousing and cold storage lead to wastage of normally 35 to 40 per cent of the perishable goods. With the passing of Warehousing (Development and Regulation) Bill 2005, the stage is set for a regulating agency in the form of Central Warehousing Authority to formulate the norms for warehousing of goods.
The supply chain management will become a priority, which has been considered as a low value added activity so far. It is expected that fierce competition will force the retailers to respond to change in the market quickly.
There are plans to set up 5,000 warehouses across the country in the next three to five years at a cost of Rs 10,000 crore, it is learnt.