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Food Corporation of India
Indian statutory body From Wikipedia, the free encyclopedia
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The Food Corporation of India (FCI) is a public sector company. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964[2] by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. The corporation was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in state capitals.
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Mandate
The Food Corporation of India was set up on 14 January 1965 by Government of India, having its first district office at Thanjavur, and headquarters at Chennai, under the Food Corporations Act 1964[3] to implement the National Food Policy's objectives.
Statistics
The FCI is one of the largest corporations in India started by the government, and one of the largest supply chain management companies in Asia.[4] It operates through five zonal and 26 regional offices. Each year, the Food Corporation of India purchases roughly 15 to 20 percent of India's wheat output and 12 to 15 percent of its rice output. The purchases are made from the farmers at the rates declared by the Government of India. This rate is called the MSP (minimum support price).[5]
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Operations
Its storage facilities are located at Hapur in Uttar Pradesh, Malur in Karnataka, and Elavur in Tamil Nadu.[6]
See also
References
Further reading
External links
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