Rahul backs FDI in retail, says it will benefit farmers

"FDI will help farmers prosper by removing middlemen from the supply chain and generate new jobs"

PTI | October 5, 2012



Backing Centre's decision to allow FDI in multi-brand retail, Congress leader Rahul Gandhi has said the decision will help farmers prosper by removing middlemen from the supply chain and generate new jobs.

Addressing the national executive of Indian Youth Congress here on Thursday night, Rahul said FDI in retail will help farmers store their produce safely for a longer duration, thus ensuring best value for their crops.

The 42-year-old AICC general secretary, who is here on a two-day visit beginning yesterday, said around 60 to 70 per cent of all perishable products in the country eventually rot due to lack of proper storage facilities.

The situation, however, will change once FDI in retail comes in, Rahul was quoted as saying in a Youth Congress release.

He said farmers could not get good price for their produce as the middlemen in the 'Mandis' would buy from them at very low rates and sell the same at a much higher price in cities.

But once FDI comes in, they will be taken out of this equation, he said.

FDI will also create lot of new jobs, which will not only lead to higher income generation but also significantly reduce unemployment, thereby having a salutary effect on the economy, he said.

He, however, said all contractual agreements that farmers get into with the retailers "should be carefully monitored" in order to ensure that interests of the farmer are not harmed.

Rahul noted that in the contemporary world, all economies are interconnected, thus having impact on each other.

"If something happens in the US, it will most likely affect events in India, and vice versa," he said.

Earlier, talking to members of the Jammu and Kashmir NSUI national executive, Rahul said it was important to win the hearts and minds of the student community in Kashmir.

"We need to earn their trust, their faith. I am here to win their trust through dialogue and deeds," he said.

Rahul also asked state NSUI leadership to bring a delegation of students to Delhi and meet Union HRD Minister Kapil Sibal to sort out all issues concerned to them.

Comments

 

Other News

ONGC hires consultants to evaluate GSPC KG block reserves

 State-owned ONGC has hired US-based Ryder Scott Petroleum Consultants to assess natural gas reserves in Gujarat State Petroleum Corp`s (GSPC) KG (Deendayal) block before deciding to buy a stake in it.  Ryder Scott has been asked to evaluate gas properties in the GSPC block and independ

The crisis of regulation on social media

Digital India may be in full swing, but the events around it expose the lack of control and carefree nature of social media. BJP with its full might is taking credit for pushing India to the digital age but its vice president in Maharashtra does not seem to understand the way Twitter works as he simplistic

Itís the best time to address Kashmir problem: Mehbooba Mufti

Mehbooba Mufti said that the best time to solve Kashmir’s problem was now – when the Bharatiya Janata Party (BJP) had absolute majority in the parliament. “If it does not happen now, it will take a very long time to get resolved,” she told the media after meeting Modi on Saturday.

Women can enter inner sanctum of Haji Ali Dargah: Bombay HC

Women now have the right to enter the inner sanctum of Haji Ali Dargah in Mumbai, the Bombay high court said on Friday. However, the women cannot enter the shrine as per the orders of the high court as of now. The shrine trust will appeal to the supreme court and hence the order has been stayed for six wee

Everything you need to know about draft surrogacy bill

 The cabinet on August 24 gave its approval for the introduction of "Surrogacy (Regulation) Bill, 2016".  Here are the salient features of the proposed bill:   •       The Bill will regulate surrogacy by establishing National Su

Manís new best friend Ė a tree

A tree in the backyard keeps the doctor away? Maybe that should be the new-age mantra for good health. A paper published by the University of Chicago researchers, in the journal Scientific Reports in July, looked at urban trees kept by the city of Toronto and the health of the residents there.

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter