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Market complexes for farm products Next month

New Delhi, Sep 28 (IANS) The central government is all set to start work on the much-awaited terminal market complexes for farm products within the next two weeks. These complexes will be developed on the 'hub and spoke' format.

Thursday, September 28, 2006 | 9:35:34 PM IST (+05:30 GMT)
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New Delhi, Sep 28 (IANS) The central government is all set to start work on the much-awaited terminal market complexes for farm products within the next two weeks. These complexes will be developed on the 'hub and spoke' format.

This was announced here Thursday by agriculture secretary Radha Singh at the Agri-Marketing Summit, organised by the Confederation of Indian Industry (CII).

These 'terminal market complexes' will be professionally run, Singh said.

'They will have enough space for small producers to have a fair play and small producers will also be encouraged to participate,' she said.

This is an important step in agricultural sector reforms, Singh told delegates from 22 states.

The private sector also has a role to play in making the agricultural sector sustainable, Singh emphasised. 'More than 82 percent of India's agriculture is in the hands of small and marginal farmers.'

Creating producer organisations, strengthening the existing ones and eventually assisting them to evolve into seller organisations are the real challenges, the agriculture secretary said.

Speaking at the summit, Dina Umali, agricultural economist form the World Bank, said that better marketing efficiency will lead to rural growth and reduction of poverty in rural areas.

'This needs a strong commitment from both the government and private sectors and will lead to closer links between farmers and the market,' she said in her keynote address.

Dhruv M. Sawhney, chairman, CII National Council on Agriculture said that only efficient markets can meet the demand and supply challenges in agriculture and to develop such markets one requires reforms in the farm sector.

Copyright : Indo-Asian News Service
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