ASSOCHAM, FICCI hail steps announced in the special economic package for farmers

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Industry body FICCI and ASSOCHAM have welcomed the third tranche of economic package for agriculture sector.

FICCI President Dr Sangita Reddy said, the spate of governance reforms announced by the government will finally unshackle Indian agriculture and liberate the Indian farmer who until now was largely tied to a few buyers in terms of selling the produce. She said, the Essential Commodities Act had outlived its utility and by bringing a change in this the government has ensured that investments in the agri-value chain will get a boost. Additionally, the announcement on introducing a central law to free up inter and intra-state trade of agri-products will help farmers in getting a better price for their produce.

ASSOCHAM Secretary General Mr Deepak Sood said, farmers’ package is a twin track of reforms and relief. He said, deregulation of essential farm produce like cereals and oilseeds from the ambit of the Essential Commodities Act, plan for Central law to enable farmers to sell their produce in the most remunerative manner and a legal framework for assured price to the agri producers are the path-breaking reforms announced by Finance Minister Nirmala Sitharaman. Mr Sood said, the focus on marine exports with modern facilities with intention to double India’s fishery products would be of great help to the coastal states. He said, promotion of bee-keeping will contribute to empowerment of micro farming units, especially the women in the hilly regions.