India’s edible oil industry calls for agricultural reforms:

Published Nov 20, 2021

Tridge summary

The Solvent Extractors’ Association of India (SEA) has expressed its approval of Indian Prime Minister Narendra Modi's decision to repeal three farm laws, following intense protests from farmers. Despite the association's appreciation of the move, it emphasizes the importance of ongoing agricultural reforms to enhance the sector's competitiveness and boost farmers' income. The SEA also emphasizes the need for increasing farm productivity in India, which currently lies below the global average, to improve rural incomes. The association's president, Atul Chaturvedi, has called for the implementation of reforms in a manner that is politically acceptable to all stakeholders.

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Original content

India’s edible oil industry body, Solvent Extractors’ Association of India (SEA) while expressing its appreciation of the Prime Minister’s announcement of repealing the three farm laws, pointed out that reforms are necessary for the Indian agriculture sector to become competitive and improve farmers income. The association hoped that agriculture reforms should continue to be implemented in a more politically acceptable manner. Prime Minister Narendra Modi announced that the government has decided to repeal the three farm laws, which were at the center of protests by farmers for the past year, and appealed to the protesting farmers to return home. “With hardened opposition stand of the farmers for whose benefits these farm laws were designed it was really magnanimous on part of our Prime Minister to announce its withdrawal,” said Atul Chaturvedi President, SEA of India. Chaturvedi further added that the agriculture sector is crying for massive reforms if it has to become ...

Source: Indoasiancommodities