food corporation of India was established through special act passed in parliament in 1964 with the objective to create buffer stocks of foods like wheat,rice etc. for emergency situations like drought,flood famine etc.
I) which type of public sector enterprise is discussed above?
ii) does such enterprise have separate legal entity
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The Food Corporation of India (FCI) is the main agency for procurement, storage and distribution of food grains. In addition to the requirements of wheat and rice under the Targeted PDS, the Central Pool is required to have sufficient stocks of these in order to meet any emergencies like drought/failures of crop, as well as to enable open market intervention in case of price rise.
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