Montek bats for FDI in agricultureFebruary 4th, 2011 - 9:56 pm ICT by IANS
Kolkata, Feb 4 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Friday batted for foreign direct investment (FDI) in the farm sector in India, saying “modernisation of agricultural marketing is very important”.”Farmers are getting very low prices for their products and consumers are paying higher prices. So modernisation of agricultural marketing is very important. To modernise we allow FDI what is wrong with it?” he told reporters here.
’Our need is for across the board modernising of agricultural marketing. We need investment in cold storage chains,” the economist said.
’FDI will increase. It will not damage the economy,” he added.
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- India's 'bold' retail opening will reduce prices: US body - Nov 25, 2011
- West Bengal to set up 31 cold storage facilities - Feb 02, 2011
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- Industry feels let down with recall of FDI in retail - Dec 07, 2011
- Multi-product retail will improve supply chain: Economic advisor - Nov 04, 2011
- US diplomat backs India's FDI in retail decision - Nov 29, 2011
- Bring GST, manage resources better in 12th plan: Ahluwalia to states - Oct 22, 2011
Tags: agricultural marketing, agriculture, bats, chains, cold storage, consumers, deputy chairman, economist, economy, farm sector, farmers, fdi, foreign direct investment, India, kolkata, modernisation, modernising, montek singh ahluwalia, planning commission