These warehouses are owned managed and controlled by central and state government or public authorities give one word phrase for
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Explanation:
After getting an idea about the need for warehousing, let us identify the different types of
warehouses.
You have learnt that warehousing caters to the storage needs of different types of commodities.
In order to meet their requirement various types of warehouses came into existence, which
may be classified as follows.
i. Private Warehouses
ii. Public Warehouses
iii. Government Warehouses
iv. Bonded Warehouses
v. Co-operative Warehouses
We shall now discuss each of these.
i. Private Warehouses - The warehouses which are owned and managed by the
manufacturers or traders to store, exclusively, their own stock of goods are known as
private warehouses. Generally these warehouses are constructed by the farmers near
their fields, by wholesalers and retailers near their business centres and by manufacturers
near their factories. The design and the facilities are provided there according to the
nature of products to be stored.
ii. Public Warehouses - The warehouses which are run to store goods of the general
public are known as public warehouses. Anyone can store his goods in these
warehouses on payment of rent. An individual, a partnership firm or a company may
own these warehouses. To start such warehouses a licence from the government is
required. The government also regulates the functions and operations of these
warehouses. Mostly these warehouses are used by manufacturers, wholesalers,
exporters, importers, government agencies, etc.
iii. Government Warehouses -These warehouses are owned, managed and controlled
by central or state governments or public corporations or local authorities. Both
government and private enterprises may use these warehouses to store their goods.
Central Warehousing Corporation of India, State Warehousing Corporation and Food
Corporation of India are examples of agencies maintaining government warehouses.
iv. Bonded Warehouses - These warehouses are owned, managed and controlled by
government as well as private agencies. Private bonded warehouses have to obtain
licence from the government. Bonded warehouses are used to store imported goods
for which import duty is yet to be paid. In case of imported goods the importers are
not allowed to take away the goods from the ports till such duty is paid. These
warehouses are generally owned by dock authorities and found near the ports.
v. Co-operative Warehouses - These warehouses are owned, managed and controlled
by co-operative societies. They provide warehousing facilities at the most economical
rates to the members of their society
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