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‘No plans to enter contract farming’: Key takeaways from the Reliance Industries’ media assertion – India News , Firstpost


RIL has filed a petition within the Punjab and Haryana High Court in search of to carry an finish to incidents of vandalism of Jio towers

Reliance Industries Limited has not carried out any “corporate” or “contract” farming previously, and has no plans to take action, the corporate mentioned in a press release launched to the media on Monday.

The assertion got here on a day that RIL filed a petition within the Punjab and Haryana High Court in search of to carry an finish to incidents of vandalism of RIL’s subsidiary Jio Infocomm’s towers.

The assertion mentioned, “These acts of violence have endangered the lives of thousands of its employees and caused damage and disruption to the vital communications infrastructure, sales and service outlets run by its subsidiaries in the two states.”

On Reliance Retail, the assertion mentioned that the agency “has never entered into long-term procurement contracts to gain unfair advantage over farmers or sought that its suppliers buy from farmers at less than remunerative prices, nor will it ever do so.”

Further, Reliance Retail has “built India’s largest organised retail business by investing in economies of scale and creating world-class technology-enabled supply chains, which has brought significant gains to both Indian farmers and consumers,” the corporate famous.

As a mark of protest in opposition to the Centre’s new farm legal guidelines, agitating farmers have vandalised about 1,500 Jio towers, in line with stories. The protesting farmers have expressed fears that the brand new legal guidelines will profit corporates and can depart cultivators weak by the hands of personal gamers. In specific, they’ve expressed considerations that the legal guidelines might result in the eventual dismantling of the minimal assist worth (MSP) and Agricultural Produce Marketing Committee (APMC) methods.

On this problem, RIL’s assertion on Monday mentioned, “…We shall insist on our suppliers to strictly abide by the Minimum Support Price (MSP) mechanism, and/or any other mechanism for remunerative price for farm produce, as may be determined and implemented by the government.”

Earlier, Jio and ASSOCHAM (Associated Chambers of Commerce  wrote to Punjab chief minister Capt Amarinder Singh, in search of his intervention for motion in opposition to incidents of vandalisation. ASSOCHAM wrote in its letter, “Such incidents not solely lead to an enormous nationwide loss but in addition severely dent the picture of a progressive state. A chronic and continuation of the agitation, particularly with incidents of harm to the economic and different infrastructure, would flip traders away from the state of Punjab”.

Disclaimer: Reliance Industries Ltd. is the only real beneficiary of Independent Media Trust which controls Community18 Media & Investments Ltd which publishes Firstpost

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