Govt to invest ₹1,280 crore to upgrade FCI, CWC infra

THE GOVERNMENT WILL invest about ₹1,280 crore to upgrade infrastructure of existing godowns of state-owned Food Corporation of India (FCI) and Central Warehousing Corporation, food minister Pralhad Joshi said on Tuesday.

- FE BUREAU

There are currently 2,278 godowns, owned and hired by FCI.

"This will help in huge saving for both FCI and CWC by reducing losses at various levels", Joshi said in an event.

Joshi said FCI will invest ₹1,000 crore while the CWC ₹280 crore on the infrastructure upgrade of their own godowns.