Rahul backs FDI in retail, says it will benefit farmers
Reuters
The 42-year-old AICC general secretary, who is here on a two-day visit that began on Thursday, said around 60 to 70% 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.
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