Private solution: Rise in storage helps securing food from damage, loss

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.

wheat stock

Photo: Bloomberg

Samreen Wani
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.


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First Published: Oct 24 2022 | 10:38 PM IST

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