Chandigarh, Oct. 19 -- The Punjab State Grains Procurement Corporation (Pungrain), a subsidiary of the state's food and civil supplies department, has asked godown owners, who previously leased their facilities for storing foodgrains under the Private Entrepreneurs Godown (PEG) scheme, to rework their financial terms.

However, godown owners said the deal will not conclude because Pungrain capped the offered rates way back in 2012. As a result, the owners have already requested the corporation to vacate the godowns.

Pungrain has sent a communication to PEG godown owners, asking them to attend a financial negotiation on October 21 regarding the rehiring of their godowns. The state corporation is rehiring a total capacity of 35 lakh tonnes...