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FDI in food retail will enrich farmers, says Harsimrat Kaur Badal

US multi-national retail firm Walmart can invest billions of bucks and set up retail stores on its own in the country, which will not only farmers with foreign capital, but also help consumers with

Policy Pulse
Publish Date: Mar 3 2016 12:38PM | Updated Date: Mar 3 2016 2:26PM

FDI in food retail will enrich farmers, says Harsimrat Kaur Badal

 US multi-national retail firm Walmart can invest billions of bucks and set up retail stores on its own in the country, which will not only farmers with foreign capital, but also help consumers with cheaper food.

 
In an interview with ‘Economic Times’,  Union Food Processing Minister Harsimrat Kaur Badal said that Multibrand retail in food was a big political victory, in which she had the backing of the prime minister.
 
She also added that there were concerns about NDA's manifesto which said something else, however fact remains that it would help increase farmers’ income and foreign companies would have to buy the entire produce here.