The Odisha State Warehousing Corporation (OSWC) was set up in 1958 under the Agricultural Produce (Development and Warehousing) Corporations Act, 1956 which was a Central Act. The Corporation was subsequently brought under the purview of the Warehousing Corporations Act, 1962 – also a Central Act - by virtue of which the earlier Act was repealed. The Warehousing Corporations Act, 1962 lays down th
e following functions for a State Warehousing Corporation. To acquire and build warehouses at such places in the State, as it may, after consultation with the Central Warehousing Corporation determine. To run warehouses in the State for the storage of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities. To arrange facilities for transport of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities to and from warehouses. To act as an agent of the Central Warehousing Corporation or of the Government for the purpose of the purchase, sale, storage and distribution of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities. To enter into, with the previous approval of the State Government, joint ventures with the Central Warehousing Corporation. To carry out such other functions as may be prescribed.
