Grain storage to get PPP makeover.

The new government at the Centre will set the ball rolling for the public-private partnership (PPP) plan to modernise grain storage facilities or silos in the country.

The Planning Commission is holding a meeting of all stakeholders on April 25 to give a final shape to the model concession agreement (MCA) for the plan after which bids would be invited by the Food Corporation of India (FCI) to rope in private players to set up facilities under a 30-year concession agreement.

Storage facilities with a capacity of 2 million tonne would be put up under the PPP route initially.

The Financial Express