Plenary Session I: The Warehousing (Development and Regulation) Act: A New Chapter in Warehousing in India

• Warehousing: Its Status in India and Global Developments
  Mr Sanjay Kaul, Managing Director & CEO, NCMSL
  
  Mr Sanjay Kaul deals with the evolution and development of organized warehousing in India and moves on to give an overview of the emerging trends in Warehousing. He then identifies the potential economic benefits of warehousing receipts and the fillip this can provide to the warehousing sector, the financial sector and agriculture. He later on fleshes out several preconditions for viability of the warehousing system in the country that need to be addressed

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• The Warehousing (Development & Regulation) Act: Impact on Agri Business
  Shri B B Pattanaik , Chairman & Managing Director, Central Warehousing Corporation
  
  Mr Pattanaik look back at factors that led to the development of warehousing in India, he focuses on the shortcomings of the present scenario and the benefits that lay ahead due to the enactment of the Warehousing [Development & regulation] Act 2007, to farmers, to warehouse operators, and to financial institutions.

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Plenary Session II: The Warehousing (Development & Regulation Act): Banking, Insurance, Taxation and Legal Issues

• Negotiable Warehouse Receipts: Opportunities and Challenges for Banks
  Mr Ajay Desai , Sr. Vice President, YES Bank Limited
  
  Purely from a banking perspective the main advantages of a fully negotiable warehouse receipt according to Ajay include, additional low risk rural lending opportunities for Banks, less contestable identity of the collateral thereby avoiding ownership disputes and competing claims, opportunity to combine warehouse receipts with price-hedging instruments and in a bankruptcy scenario a document of title can cut off the claims of competing creditors

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• Negotiable Warehouse Receipts: Opportunities and Challenges for Insurance Companies
  Mr Subrata Mondal, Assistant Vice President, IFFCO – TOKIO General Insurance Company
  
  Mr Mondal feels that with this Act, we can expect more investments in warehousing sectors, and consequently, an increase in the storage capacity & rural infrastructure. The new act will stimulate Good Manufacturing Practices (GMP) for warehousing Sector like standardization, handling, grading, packaging, storage, cleanliness, Safety, Pest Control and insurance. However, insurance companies will have to cope with Gradation of Warehouses based on based on ratings of accreditation agencies, implementation of Safe Practices during Handling and Storage and to protect the Financial Institutions / Depositors / NWR holder against any loss incurred by pure risks.

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• Tax Related Issues in Warehousing Development
  Dr Chiragra Chakrabarty, Principal Consultant, PriceWaterhouseCoopers India Pvt Limited

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• Legal Issues in Warehousing and Warehouse Receipts
  Mr Anjani Sinha, Managing Director & Chief Executive Officer , National Spot Exchange Limited
  
  Mr Anjani Sinha opines that In order to develop a robust warehousing mechanism coupled with risk free negotiability of Warehouse Receipts, it is essential to examine various issues involved under various Laws, which have direct or indirect bearing on negotiability of warehouse receipts, these include State APMC & Warehousing Acts, State sales tax / VAT Negotiable Instruments Act etc. He suggests taking a holistic view with wider consensus between various Government departments regulating different aspects of trade and commerce, which in turn affects negotiability of WRs

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Plenary Session III: Warehouse Accreditation, Gradation & Standards for Commodities

• Accreditation Issues & the Role of Accreditation Agencies
  Mr B Venkataram, Director, National Accreditation Board for Certification Bodies, Quality Council of India
  
  Mr Venkataram reflects that at each level standards are available to ensure that globally acceptable mechanism can be put in place for mutual recognition. Certification and accreditation are two different activities and the difference needs to be recognized. WTO-TBT recognizes accreditation as one of the means of acceptance of each other's test results and certificates.

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• Grades and Standards in Warehousing
  Shri U K S Chauhan , Joint Secretary-Marketing & Agri-Marketing Advisor, Ministry of Agriculture, Government of India
  
  Shri Chauhan highlights the role of Standardization in marketing of agricultural products and the advantages of grading for both the producers and the buyers. He further explain how grading can help in optimization and stabilization of prices by improvements in aggregation of produce, facilitate proportionate sharing of the value realized, increased access to credit by farmers on the basis of grades of produce stored in the godown. He further bring forth the issues relating to the adoption of grading and standardization and highlight the problems of multiplicity of standardization/ regulatory/ conformity assessment bodies.

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• Quality Management Experiences in the Development of Ugandan WRs
  Mr Richard John Hodges, Commodity Management Specialist, Natural Resources Institute, The University of Greenwich , U.K.
  
  In Uganda , the 2006 parliamentary Act on Warehouse Receipts Systems made negotiable warehouse receipts (NWR) an option for the Ugandan trade. In the same year, the nascent Ugandan Commodity Exchange initiated development of a NWR system for food grains, with financial support from the European Commission. Mr Hodges shares his thoughts on the issues and problems which arose consequent to enactment of act.

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• Modern Warehousing and IT Applications in Warehousing
  Mr K Sankarnarayanan, Head – Risk, Compliance & Technology NCMSL
  
  Mr Sankarnarayanan contemplates on achieving successful introduction of IT in warehousing industry

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