Apple growers in Kullu root for FDI in retail

Source : ANI
Last Updated: Mon, Oct 01, 2012 10:41 hrs

The Centre's recent nod to allow Foreign Direct Investment (FDI) in multi-brand retail has found unlikely support among the apple growers of Himachal Pradesh, who anticipate profits with the elimination of middlemen.

Speaking to media here on Monday, Nakul Khullar, a local apple grower said the reforms will provide opportunities to the farmers to take their produce directly to the retailers, limiting the involvement of middlemen.

"The opening of retail sector for foreign investment will definitely result in improving the quality of the apple. The reform will enable us to sell our produce directly to the retailers, eliminating the middlemen. Also, our produce will directly reach the companies, which will get us better prices," he said.

These reforms, the government claims are crucial to revive country's flagging economic growth, reigning in fiscal deficit and warding off the spectre of a credit rating downgrade.

The move allows global firms such as Wal-Mart Stores to set up shops with local partners and sell directly to consumers.

The unpopular move of the government stirred the country, with the opposition parties across political spectrum demonstrating and traders taking to streets across the country. (ANI)




More from Sify: