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Oct 05, 2012 at 12:00pm IST

Rahul Gandhi backs FDI in retail, says it will benefit farmers

New Delhi: Backing Centre's decision to allow FDI in multi-brand retail, Congress General Secretary Rahul Gandhi has defended FDI in retail by saying that the decision will help farmers prosper by removing middlemen from the supply chain and generate new jobs. He said, "A whopping 60 to 70 per cent of all Indian perishable products eventually rot because of lack of proper storage facilities. This will change once FDI in Retail comes in. Farmers will get a fair prices once middlemen are taken out of the equation. FDI will also create lot of new jobs and higher income."

While addressing the national executive of Indian Youth Congress in Srinagar 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. 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.

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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.

FDI in retail will benefit farmers, says Rahul Gandhi

Rahul Gandhi said FDI in retail will help farmers store their produce safely for a longer duration, thus ensuring best value for their crops.

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.

With Additional Inputs from PTI

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