Commemorative Postage Stamp on FCI

India Post opened its account for the year 2014 by releasing the first stamp for the year 2014 on 14th January 2014, commemorating 50 years of Food Corporation of India. The Food Corporation of India set up on 14th January 1965 having its first district office at Thanjavur. It is one of the largest corporations in India and probably largest supply chain management in Asia (Second in the world). The Food Corporation of India purchases roughly 15-20 percent of India's wheat output and 12-15 percent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India.