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LATEST NEWS UPDATES | Govt to soon rope in private players for foodgrains procurement: Food secy

Govt to soon rope in private players for foodgrains procurement: Food secy

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published Published on Sep 19, 2022   modified Modified on Sep 22, 2022

-PTI/ Business Standard

"We have written to states that the government wants to bring private sector in the procurement process besides FCI and state agencies," food secretary Sudhanshu Pandey said.

The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said on Monday.

He informed that the Union food ministry has already written to all the state governments regarding this.

Addressing 82nd annual general meeting of Roller Flour Millers Federation of India, Pandey said that the Centre has given two clear messages to the state governments regarding procurement of foodgrains.

One is that the Centre would provide up to 2 per cent incidental expenses on the procurement undertaken by the state governments. Second, it wants to rope in private sector to buy foodgrains for the central buffer stock with an aim to improve efficiency and reduce the cost of procurement, he said.

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PTI/ Business Standard, 19 September, 2022, https://www.business-standard.com/article/economy-policy/govt-to-soon-rope-in-private-players-for-foodgrains-procurement-food-secy-122091900903_1.html?utm_medium=Social&utm_source=Facebook&fbclid=IwAR3os4y6jNp5L


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