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Food Corporation of India (FCI) has launched a plan to construct steel silos for foodgrain storage in 8 States in India as a composite unit and shall be allotted to a single company.
As per a tender document floated in 21 June by the FCI, the total capacity of the proposed silos in the state is about 11 lakh tonnes to be built at a total cost of ₹881 crore on a build-own-operate (BOO) system.
The proposal has invited criticism from a section of foodgrain storage godown owners as according to them, the proposal will be a roadblock for small entrepreneurs. However, the FCI wants to put an end to operational hassles. It said if not a single company, a consortium could be formed by the smaller entities. Under the new scheme, the FCI offers a storage guarantee for a period of 30 years.

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