Warehousing Development and Regulatory Authority celebrates its Foundation Day

The Foundation Day of the Warehousing Development and Regulatory Authority (WDRA) was celebrated on the 20th November 2014 at PHD House, New Delhi. Senior officers of the Government of India and Central Warehousing Corporation and State Warehousing Corporations attended the Function. The Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan was the Chief Guest of the Function. Shri Paswan highlighted the importance of the role of the WDRA in the development of the warehousing sector in the country especially the importance of the Negotiable Warehouse Receipts (NWRs) as an instrument of trade and finance. He informed that the WDRA has undertaken a transformation plan which envisages wide ranging changes in approach of the WDRA and review of its rules and regulations.