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The Centre plans to monetise warehousing assets owned by state-owned firms FCI and CWC over the next four years for an estimated Rs 28,900 crore under the National Monetisation Pipeline (NMP).

The potential asset base considered for monetisation under warehousing assets consists of storage depots, warehouses under the central sector agencies, Food Corporation of India (FCI) and Central Warehousing Corporation (CWC), NITI Aayog said in its report.

Both FCI and CWC operate under the aegis of Department of Food and Public Distribution.

The existing storage capacity with FCI and other agencies for central pool stocks as on April 1, 2020 is 755 lakh tonnes. Out of this, 412 lakh tonnes is available with FCI and 343 lakh tonnes with the state agencies.

Of the total FCI's storage capacity of 412 lakh tonnes, only 30 per cent is owned while 70 per cent is hired (through CWC, SWCs, and the private sector).

CWC operates 422 warehouses with a total operational storage capacity of 109.72 lakh tonnes. This includes custom bonded warehouses, container freight stations, inland clearance depots, air cargo complexes, etc.

The potential assets for monetisation are owned warehouses of FCI and CWC, the report further said.