01/06/2026
Adani’s Capture of FCI Silo Contracts Exposes Modi Government’s Assault on Food Security | The Central Committee of CPI(ML) strongly condemns the removal of the 'Anti-Monopoly' clause to facilitate the handing over of Food Corporation of India (FCI) silo contracts to Adani Agri Logistics Ltd and Leap India Food & Logistics Pvt Ltd. The FCI had originally proposed an anti-monopoly clause to prevent any single company from dominating this strategically important project.
However, the NITI Aayog and the Department of Economic Affairs reportedly compelled the removal of this clause in 2022. Subsequently, bidding resulted in these two companies securing contracts worth approximately ₹16,500 crore out of the programme's total value of ₹20,000 crore. Together, they now control 46.5 lakh metric tonnes (LMT) of the project's total 60 LMT storage capacity, amounting to 77.5% of the total planned capacity.
The FCI was established on 1 January 1965 under the Food Corporations Act, 1964, enacted by Parliament to procure, store, transport and distribute foodgrains, support remunerative prices for farmers, and safeguard the country's food security and price stability. This backdoor privatisation and monopolisation of FCI's grain storage infrastructure constitutes a direct attack on India's food security and sovereignty and threatens to undermine the objectives and gains achieved through the Food Corporations Act, 1964.
-- Central Committee, CPI(ML) Liberation
