Assocham suggests measures to boost agriculture growth
26/06/2014 16:32
Stating agriculture has the potential to take India's growth to 8 per cent and create millions of jobs in rural areas, Assocham has suggested a slew of measures to the Government in this regard, reported PTI. It has suggested the NDA government adopt an enabling policy environment, modern technology and boost supply-chain efficiency to address food inflation, encourage investment-led growth and ensure food security, as per the media reports. "A well formulated Government policy with a focus on substantially improving Agri-infrastructure, thrust on R&D, encouraging high value agriculture along with an enabling regulatory mechanism can ensure universal food and nutritional security for the nation and substantially enhance India's competitiveness in global agri-business," Assocham President Rana Kapoor said. According to media reports, some of the immediate measures are implementing Agriculture Produce Market Committee (APMC) Act in all states to boost agri-marketing and supply chain efficiency and replacing input-based subsidies to farmers with low cost credit. It would also include direct cash transfers and investment subsidies; encouraging private and foreign capital and grant of priority sector status to the food processing industry, reported media.
26/06/2014 16:32
Stating agriculture has the potential to take India's growth to 8 per cent and create millions of jobs in rural areas, Assocham has suggested a slew of measures to the Government in this regard, reported PTI. It has suggested the NDA government adopt an enabling policy environment, modern technology and boost supply-chain efficiency to address food inflation, encourage investment-led growth and ensure food security, as per the media reports. "A well formulated Government policy with a focus on substantially improving Agri-infrastructure, thrust on R&D, encouraging high value agriculture along with an enabling regulatory mechanism can ensure universal food and nutritional security for the nation and substantially enhance India's competitiveness in global agri-business," Assocham President Rana Kapoor said. According to media reports, some of the immediate measures are implementing Agriculture Produce Market Committee (APMC) Act in all states to boost agri-marketing and supply chain efficiency and replacing input-based subsidies to farmers with low cost credit. It would also include direct cash transfers and investment subsidies; encouraging private and foreign capital and grant of priority sector status to the food processing industry, reported media.
