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.
The types of warehouses are discussed below:
(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.
(ii) Public Warehouses: The warehouses which are run to store goods of the general public are known as public warehouses. Any one can store his goods in these warehouses on payment basis. 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.
(iv) Bonded Warehouses: These warehouses are owned, managed and controlled by government as well as private agencies. Private bonded warehouses have to obtain a licence from the government. Bonded warehouses are used to store imported goods for which import duty is yet to be paid.
(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.
