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Practical Training with Food Corporation of India for Intermediate passed students of ICAI

ICAI have signed a Memorandum of Understanding (MOU) with FCI to facilitate the intermediate passed students.

Practical Training with FDI
The Institute of Cost Accountants of India (ICAI) has signed a Memorandum of Understanding (MOU) with Food Corporation of India (FCI) on 28th February, 2012. As per this MOU the intermediate passed students of the CMA Institute will be able to undergo Practical Training with FCI.

Accordingly, ICAI has organised to hold GD/interviews of students at Northern India Regional Council (NIRC) of ICAI, 3 Institutional Area, Lodi Road, New Delhi - 110 003.

You will get wider exposure to the working of a giant and vital organization like FCI by utilizing this opportunity and this Practical Training experience will be an invaluable stepping stone on the path to your future careers. FCI is one of the largest Public Sector Undertakings dealing with food grain supply-chain management.


Thus, all students who have recently cleared his/her Intermediate Examination in December, 2012 attempt are eligible to participate in this GD/interviews for 3 years practical training with Food Corporation of India.

You will need to send the hard copy of the application in the prescribed format on or before 26th March, 2013 at the following address:

The Institute of Cost Accountants of India (ICAI)
The Directorate of Training and Placement, 4th floor
3, Institutional area, Lodhi Road,
New Delhi-110003

NOTE: The list of shortlisted candidates will be intimated by CMA institute on 2nd April, 2013.

ICAI is a premier professional accountancy body established on 28th May, 1959 (i.e. 52 years ago) under the Cost and Works Accountants Act, 1959 having more than 4,50,000 students and more than 56,000 members(ACMA/FCMA) and headquarter at Kolkata.

The Food Corporation of India (Government of India Undertaking) was set up on 14 January 1965 under the Food Corporation Act 1964 having its first District Office at Thanjavur - rice bowl of Tamil Nadu and has played a significant role in India's success in transforming the crisis management oriented food security into a stable security system.

The main Objectives of FCI are:
- To provide farmers remunerative prices
- To make food grains available at reasonable prices, particularly to vulnerable section of the society
- To maintain buffer stocks as measure of Food Security
- To intervene in market for price stabilization

FCI operates through 5 zonal offices and 24 regional offices. Each year, the Food Corporation of India purchases roughly 15-20 per cent of India’s wheat output and 12-15 per cent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India.

For more details please visit www.icmai.in However, you may click here to find out the Cost Accounting Firms registered for practical training.


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