Lack of private investment in agriculture: Tomar

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Nagpur, Dec 24 (PTI) Union Agriculture Minister Narendra Singh Tomar on Friday said that private investment in agriculture sector in the country has come down very little.

Addressing a program, Tomar said that despite repeal of agricultural reform laws, the government is not disappointed.

Tomar was speaking at the inauguration of agro-industry exhibition ‘Agrovision’ here. Union Minister Nitin Gadkari was also present on the occasion. Gadkari is the main patron of this initiative.

The minister said, “We brought the Agriculture Amendment Act. But some people did not like this law, which was a major reform brought about 70 years after independence under the leadership of Prime Minister Narendra Modi.

“But the government is not disappointed by this. We take a step back and we will move forward again because farmers are the backbone of India.

He said that there is a need for big investment in agriculture sector.

“The one sector where the least investment has taken place is the agriculture sector,” the minister said.

Tomar said that private investment came into other sectors, which created jobs and increased the contribution of these industries to the GDP.

The Union Minister claimed that the current investment in this sector benefits the traders and not the farmers.

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