“These reforms will give farmers new markets, advantages of technology, and help bring investments. It is my country’s farmers who will benefit the most from all this,” PM Modi said.
The new farm laws legislated by the central government a few months ago will help bring down barriers between agricultural and associated sectors, creating new markets for farmers who will gain from technological advances and investments, Prime Minister Modi said today at the virtual 93rd Annual Convention of the Federation of Indian Chambers of Commerce and Industry (FICCI).
When one sector grows, its effect is seen on several other sectors, the Prime Minister stressed.
“But imagine what would happen when unnecessary walls are erected between industries. No industry will grow as fast as it should,” PM Modi argued.
PM Modi also specifically pointed towards the controversial farm laws brought in by the central government in September.
“Agriculture and its related sectors such as agricultural infrastructure, food processing, storage, cold chains had seen walls between them. Now these walls are being removed. These reforms will give farmers new markets, advantages of technology, and help bring investments. It is my country’s farmers who will benefit the most from all this,” PM Modi said.
Elaborating the issue of barriers in every industry for growth, the PM said that what is required in India’s economy is not walls but more and more bridges so that they help support each other.
The PM, speaking further at the Ficci event, sought the industry’s investment in India’s villages and small towns because that is where growth will come from in the 21st century. He said that, unfortunately, the private sector had not focused on agriculture as much as it ought to have till now.
“Now farmers have the option of selling their produce in mandis as well as to outside parties. These efforts are aimed increasing farmers’ incomes,” the PM added.
This comes after talks between thousands of protesting farmers around the national capital and the government failed to come to a solution. Though the government proposed a draft amendment to address the issues of farmers with new legislations, farmers denied the proposal and insisted on repealing the three laws.