Background
The Food Corporation of Bhutan (FCB) was established initially as a government agency under the Royal Charter issued by His Majesty the Fourth Druk Gyalpo, Jigme Singye Wangchuck, on the 16 August 1974. It was established with the aim to have a centralized procurement and distribution system for supply of essential food across the country. On 8th July 1992, FCB was registered as the first State owned Enterprise under the Companies Act of the Kingdom of Bhutan.
Food Corporation of Bhutan Limited (FCBL) had diversified its business by engaging in trading of fast moving consumer goods (FMCG) at later part of 1997 to enhance revenue generation for supporting and sustaining the increasing social obligation and responsibilities.
FCBL has Corporate Headquarters at Phuntsholing supported by 3 regional offices at Gelephu, Phuentsholing and Sumdrup Jongkhar. It has 26 warehouses, 4 retail outlets and 4 strategically located auction yards catering business and services to relevant clients across the country.
Some of the key areas of operations of FCBL are:
- Maintain food reserve by holding required level of stock for National and SAARC Food Reserve.
- Facilitate export of agricultural products through competitive bidding process.
- Manage procurement and distribution of rations comprising of nine perishable items for the government owned schools across the country.
- Stabilize price of the commodities through the operation of fair-price wholesale and retail outlets.