The Food Corporation of India is looking to build another 8 metric tonne storage facility in the next 18 months. Currently 51 metric tonnes of space is available in storage facilities when there is a need for storage for 63 metric tonnes. Warehouses are to be built near producing and consuming centers in order to reduce PHL. Additionally, the government is looking at implementing Public-Private Partnership models, as logistics costs consist of about 14% of Indian GDP.
FCI to Get Another 8 mt Storage Facility in 18 Months
on March 27, 2012