YOUR OPPORTUNITY GOI has launched a unique Private Entrepreneur Guarantee Scheme to attract investment in warehousing sector. Food Corporation of India is the force behind the nation’s food security, since 1965. To keep pace with the phenomenal rise in agricultural production, FCI has embarked on an ambitious warehousing expansion programme. Highlights:« + In each State a nodal agency has been nominated to invite bids for creation of storage capacity. * FCI will provide a guarantee of hiring of the godowns for seven years. This period can be extended depending on the utlization of the storage capacity. + Warehouses have to meet the engineering specifications of FCI. www.fciweb.nic.in + Private investors may also provide services like security and preservation of stocks. Income Tax benefit u/s 35 AD of Income TaxAct, 1961 is available to investors. This allows deduction of capital expenditure, other than the cost of land, for setting up and operating warehouse facility for agricultural produce. Investors are also eligible to get subsidy under Gramin Bhandaran Yojna of Department of Agriculture & Cooperation, Government of India. Details are at; http://agmarknet.nic.inlamrschemelruralhead.htm For further details please contact Dr. Amar Singh Executive Director (Storage) at edt.fci@nic.in Tel. 011-43527490