Rahul backs FDI in retail, says it will benefit farmers

Rahul backs FDI in retail, says it will benefit farmers
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Oct 05, 2012, 10.12 AM | Source: PTI

Rahul backs FDI in retail, says it will benefit farmers

Rahul backs FDI in retail, says it will benefit farmers

Like this story, share it with millions of investors on M3

Rahul backs FDI in retail, says it will benefit farmers

Rahul backs FDI in retail, says it will benefit farmers

Post Your Comments

Share Cancel

Srinagar, Oct 5 (PTI) 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 last 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. PTI SKL AGL VMN AGL DV

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Rahul backs FDI in retail, says it will benefit farmers

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login