Food Corporation of India
Indian statutory body
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Through Government of India, Multinational corporation and Wheat
Mandate
The Food Corporation of India was set up on 14 January 1965 by the Government of India, having its first district office at Thanjavur, and headquarters at Chennai, under the Food Corporations Act 1964 to implement the National Food Policy's objectives.
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Statistics
The FCI is one of the largest corporations in India started by the government, and one of the largest supply chain management Corporation in Asia. 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).
Operations
Its silos are located at Hapur in Uttar Pradesh, Malur in Karnataka, and Elavur in Tamil Nadu.