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

Lohani is new chairman of railway board

Air India CMD Ashwani Lohani was appointed the Chairman of Railway Board on Wednesday after incumbent AK Mital put in his papers. Mital tendered his resignation to railway minister Suresh Prabhu following two derailments in Uttar Pradesh.   Lohani, a 1980-batch office

Land swap proposal between AAI and MMRDA approved

 The government on Wednesday gave its approval for transfer of 40 acres of Airports Authority of India’s (AAI) land at Dahisar to Mumbai Metropolitan Region Development Authority (MMRDA) for its metro shed, swapping with 40 acres of Maharashtra government land at Gorai in Mumbai.  

Loss making Bharat Wagon and Engineering Co. to be shut

 Ministry of railways’ proposal of closing down Bharat Wagon and Engineering Company Limited (BWEL)  has been accepted by the cabinet committee on economic affairs, chaired by the prime minister Narendra Modi on Wednesday.   A total of 626 employees of BWEL will b

Suresh Prabhu hints he wants to quit, Railway board chief resigns

Railway minister Suresh Prabhu on Wednesday dropped a hint that he has offered to resign while Chairman Railway Board AK Mital tendered his resignation following two major train accidents.   The resignation offers come just three days after three top railway officials were se

EESL becomes world’s largest street light company

 Around 30 lakh LED street lights, spread across 50,000 km of roads, have been installed across the country under the centre’s street lighting national programme (SLNP). With this, Energy Efficiency Services Limited (EESL), under ministry of power, has become the world’s largest street lig

Soil Health Cards scheme moves at snail’s pace

An ambitious scheme to provide Soil Health Cards for 14 crore land holdings spread across the country seems to be moving at a painfully slow pace.   Prime minister Narendra Modi on August 21 reviewed the progress and he was informed that 16 States/UTs have completed the first



Video

Prabhu offer to resign

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter