Food Corporation of India (FCI) has entered into an agreement for construction of two silos to store wheat. The two silos would be constructed at an estimated cost of about Rs 80 crore having a combined storage capacity of 75,000 tonnes. The silos will be designed, built, financed and operated by the private partner while it will be owned by the FCI.
Adani Agri Logistics will construct silos at Kotkapura in Punjab and Katihar in Bihar in the next two years. FCI, the government’s nodal agency for procurement and distribution of foodgrains, would provide guarantee of rentals for 30 years.
The silo at Kotkapura would have capacity of 25,000 tonne and will require an investment of about Rs 35 crore, while the other silo at Katihar would have a capacity of 50,000 tonnes to be built at a cost of about Rs 45 crore.