Private Sector To Expand Storage Capacity

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    India lacks facilities and during Monsoon foodgrains are wasted, what measures need to be taken for improving our warehousing capacity?
    Initiatives have been taken by the Government to bridge the warehousing gap in the country. For meeting the storage gap (estimated at 20 million MT) for meeting the requirement of the new Food Security Legislation the FCI has been implementing the 10 year guarantee scheme under which the FCI is facilitating the private sector to build 15 mn MT of storage capacity. Of this over 5.5 million MT has already been built and the balance is at various stages of contracting and construction.

    To meet the requirement of the private sector, Companies like NCML has embarked on an ambitious plan for construction of modern warehousing hubs. NCML is currently implementing its plan to build large warehousing hubs at 40 major market locations across 12 States to build 3.5 mn Sq.Ft. of capacity at a cost of Rs. 360 crore.

    How does NCML play its role in agri procurement and its supply chain?
    NCML offers innovative supply chain solutions to its clients that include processors and other rend users. These solutions include an integrated package that encompasses direct purchase from farmers, grading and assaying series, storage and preservation of the produce as well as making available credit for financing the procurement.

    As per your opinion, what kinds of improvements, India needs in supply chain infrastructure?
    India needs to be radically reform the over regulated and poorly managed APMC mandi yards and permit private initiative to bring in transparency in the price discovery process, introduce grading facilities and treat warehousing hubs as mandis. States should also amned the APMC Acts to permit unified pan-State licenses and broaden the participation at the market yards.

    NCML is providing weather advisory to the farmers, how does it help them?
    NCML has emerged as the largest digital weather date provider in the country through its network of 2074 automatic weather stations. Each year this data is used by 100,000 framers to insure their crop under the Government’s Weather Based Crop Insurance Scheme.

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