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Central PSUs: Merger of CRWC with CWC gets nod

By IndianMandarins- 24 Jun 2021
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central-psus-merger-of-crwc-with-cwc-gets-nod

New Delhi (24.06.2021): The NaMo Government has approved merger and transfer of every asset, liability, right, and obligation of Central Railside Warehouse Company Limited (CRWC) with its holding enterprise Central Warehousing Corporation (CWC). The decision is another step towards the “Minimum Government Maximum Governance” call given by the Prime Minister to promote ease of doing business and bringing private sector efficiencies in Public Sector Undertakings.

The CRWC is a Mini-Ratna Category-II Central Public Sector Enterprises (CPSE) incorporated under the Companies Act, 1956 in 2007 with its holding enterprise CWC.

 

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