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LATEST NEWS UPDATES | Foodgrain godowns of 203.76 lakh MT to be constructed in 19 states

Foodgrain godowns of 203.76 lakh MT to be constructed in 19 states

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published Published on Feb 21, 2014   modified Modified on Feb 21, 2014
-Press Information Bureau (Ministry of Consumer Affairs, Food & Public Distribution)


The Government has formulated a Private Entrepreneurs Guarantee (PEG) Scheme for creation of storage capacity mainly through Private Entrepreneurs, Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs)/State Agencies. Under this scheme, a capacity of 203.76 lakh MT has been approved for construction of godowns at various locations in 19 states. Out of this, tenders have been sanctioned for a capacity of 115.42 lakh MT to private investors through a transparent bidding system. Besides this, a capacity of 7.86 lakh MT and 29.65 lakh MT have been allotted to CWC and SWCs respectively for construction of godowns on their own land. Guarantee of hiring for 10 years is provided by FCI to Private Investors and 9 years to CWC/SWCs. A capacity of 92.55 lakh MT has already been completed and a capacity of 40.28 Lakh MT is under construction.

In addition, modern storage facilities in the form of silos of 20 lakh MTs capacity is proposed to be created in 10 states through PPP mode. Capacity earmarked for silos is included in the capacities approved for the PEG Scheme. Currently, bids under Design, Build, Finance, Own and Operate (DBFOO) model for a capacity of 17.5 lakh MT in 36 locations across 9 States have been invited on 21.11.2013. The due date for receipt of the Requests for Qualification (RFQ) is 21.03.2014.

Negotiable warehouse receipts have been introduced for better resource mobilization for farmers as per the provisions of the Warehousing (Development and Regulation) Act, 2007.

Under the Act , as on 18-02-2014 a total 378 warehouses have been registered with the Warehousing Development Regulatory Authority and a total of 4815 Negotiable Warehouse Receipts (NWRs) issued by the registered warehouses.

This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Prof. K.V. Thomas in a written reply in Rajya Sabha today.

*****

NCJ/rv
(Release ID :104039)


Press Information Bureau, 21 February, 2014, http://www.pib.nic.in/newsite/erelease.aspx?relid=104042


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