Future Prospects Of Food Corporation Of India

I am doing MBA degree from Mumbai University and making project report on the topic Food Corporation of India (FCI) want corporation details. Will you please provide basic details about this company and also provide details about FCI Future prospectus?

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Food Corporation of India was set up on 14 January 1965 having its first District Office at Thanjavur rice bowl of Tamil Nadu and headquarters at Delhi under the Food Corporations Act 1964

FCI Future prospectus:

VISION 2020 OF FCI

# To aggressively promote decentralised procurement by state governments with special emphasis on non-traditional areas and commodities
# To ensure adequate buffer for meeting requirements
# To dispose of surplus and un-storage worthy godowns and introduce concepts of mechanised handling in the conventional godowns
# To undertake R&D for conversion of some of the existing capacity to bulk and cost-effective utilisation of existing bulk capacity
# To optimise monthly movement programme with existing state-of-the-art computerisation within the country at various locations as per corporate policies and priorities
# Modernisation of quality control equipment and systems for food preservation in order to increase the shelf-life of food grain
# To venture in the fields of forward trading and exports of both surplus stocks of food grains in Central Pool and non-traditional commodities
# To introduce state-of-the-art financial management in order to reduce dependency on the present banking system in the country
# To initiate systems for settlement of storage loss and transit loss through insurance coverage and revised inventory mechanism

Contact:

FCI
16-20, Barakhamba Lane
New-Delhi-110001, India
Phone: 011-43527462