News dalla rete ITA

30 Gennaio 2018

India

GOVERNMENT WEIGHS EASIER NORMS FOR PRIVATE INVESTMENT IN AGRICULTURAL SECTOR

According to the press, India is considering simpler regulations to attract more corporate investment in agriculture as Prime Minister Narendra Modi seeks to keep his promise to double farmers’ income by 2022. As per NITI Aayog(National Institution for Transforming India) which is a national think tank, more than half the country’s population depend on farming for their livelihood, therefore, rules for companies investing in contract farming, transport, marketing, warehouses and food processing must be relaxed. It also expressed that India’s farms should become outsourcing hubs for global supermarket chains. As per the government data, agriculture contributes 17 percent to the $2.3-trillion (€ 1.86 tn) Indian economy, with growth rates averaging below three percent over as many decades. (ICE NEW DELHI)