Farmers want FDI in Retail

A delegation of farmers from north India met commerce industry and textiles minister Anand Sharma on Saturday and backed the government's move to allow 51% foreign direct investment in the multi-brand retail sector. The farmers said the policy removes middleman and will bring better prices for the farmer's products. They said a progressive move that is expected to benefit the farm economy should be supported. "As far as FDI is concerned, farmers have welcomed it and they want the government to stand firm because they feel that it is in their interest. There will be investments that will lead to creation of infrastructure, warehousing, cold storage and generate employment and they will get a good price for their produce," Sharma told reporters after his meeting with the farmers' delegation.

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