 "Private solution: Rise in storage helps securing food from damage, loss")
Given that the Food Corporation of India (FCI) has paid over Rs 5,000 crore in rent for storage houses between 2014-15 and 2019- 20 (Rs 1,000 crore was paid in 2019-20 itself), it is not surprising that India’s biggest corporate houses are making a beeline for the storage business.
Last week, Adani Agri Logistics announced that it bagged a contract to build four silos in Uttar Pradesh and Bihar.
A Business Standard analysis found ramping up capacity and engaging the private sector helped FCI's share in total storage to rise to over 50 per cent.
The rise in storage has helped contain losses incurred due to rotting/damage of foodgrains. Between 2014-15 and 2020-21, food losses at FCI reduced almost eight times to Rs 2.7 crore.
Last week, Adani Agri Logistics announced that it bagged a contract to build four silos in Uttar Pradesh and Bihar.
A Business Standard analysis found ramping up capacity and engaging the private sector helped FCI's share in total storage to rise to over 50 per cent.
The rise in storage has helped contain losses incurred due to rotting/damage of foodgrains. Between 2014-15 and 2020-21, food losses at FCI reduced almost eight times to Rs 2.7 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%