Public Administration News
Share
 |
India: Storage Infrastructure - Govt to Lure Private Investment |
| Source: |
ptinews.com |
| Source Date: |
Saturday, February 19, 2011 |
| Focus: |
ICT for MDGs
|
| Country: |
India |
| Created: |
Feb 21, 2011 |
|
The government today said it will create a special purpose vehicle (SPV) to attract private investment for setting up bulk foodgrains storage facilities.
"It has been decided that a SPV will be created for the purpose," Food Minister K V Thomas said at the national conference here.
The proposed SPV will woo private investment in creation of bulk storage facilities besides playing the role of a think-tank to undertake studies on bulk storage handling and transportation requirement for foodgrains, he said.
An SPV, an association of business entities, is usually formed to raise funds from the market.
The Central Warehousing Corporation (CWC), Container Corporation of India (CONCOR) and the National Horticulture Board will be the partners of the proposed SPV, Thomas said.
The minister said the Planning Commission has initiated a comprehensive study to suggest measures to create modern food grains storage infrastructure.
|
|
|
|
|
|
 Tag This |
India: Storage Infrastructure - Govt to Lure Private Investment The government today said it will create a special purpose vehicle SPV to attract private investment for setting up bulk foodgrains storage facilities
 Tell A Friend |
|
 del.icio.us digg this Slashdot |
| Rate: |
0 ratings
|
Views: |
120 |
| Comments: |
0 |
Favorited: |
0 |
Bookmarked: |
0 |
Tagged: |
0 |
|
|
|
|