In today's world, Food Corporation of India is a topic that has become increasingly relevant. Whether on a personal, professional or social level, Food Corporation of India has managed to spark the interest of a wide variety of individuals and organizations. Its impact has been reflected in various areas, from technology to entertainment, including health and education. In this article, we will explore Food Corporation of India in depth, analyzing its implications, challenges, and possible solutions. Additionally, we will examine how Food Corporation of India has evolved over time and the impact it has had on modern society.
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Company type | Statutory Body |
---|---|
Industry | Food security |
Founded | 14 January 1965 |
Founder | Government of India |
Headquarters | , |
Number of locations | 5 (Zonal Offices) |
Area served | Throughout India |
Key people | Ashok Kumar Meena, IAS (Chairman & MD) |
Products | Food Grains |
Services | Ensuring Food security of India |
Owner | Ministry of Consumer Affairs, Food and Public Distribution, Government of India |
Number of employees | 21,847 (as on 31 March 2019) |
Website | fci |
The Food Corporation of India (FCI) is a statutory body of the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is a central government civil servant of the IAS cadre. It was set up in 1965 with its initial headquarters at Chennai. Later this was moved to New Delhi. It also has regional centers in the capitals of the states.
The Food Corporation of India was set up on 14 January 1965, 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.
It is one of the largest corporations in India started by the government, and one of the largest supply chain management companies in Asia. It operates through 5 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).
There were 21,847 employees working in FCI as of 2019. Its storage facilities which are located at Hapur in Uttar Pradesh, Malur in Karnataka and Elavur in Tamil Nadu.