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Thursday, Jun 20, 2002

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IDFC to focus on growth of farm sector

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MUMBAI, June 19

INFRASTRUCTURE Development Finance Company (IDFC) proposes to focus on agri-based infrastructure development in a big way.

Reforms in agri markets infrastructure will form the focus of agenda for the food and agriculture sector this year, said an IDFC release.

The food and agri division of IDFC has completed a number of State-specific assignments, including an agri vision study for Uttaranchal and a feasibility study for rural `haats' in select districts of the State; feasibility studies for setting up agri export zones in Tripura and Sikkim; and a study on market committee finances in Uttar Pradesh.

IDFC is also in talks with States such as Jharkhand, Orissa and Chhattisgarh on advisory assignments on markets and allied areas.

The Government policy should address the issues of marketing, liberalisation and the constraints faced by organisations involved in agri marketing, the release stated.

It also mooted legal reform in licensing commodities trading, controls on packaging and labelling, laws affecting the market place and those affecting supply, including controls on the movement of produce and controls on the volume of commodities traded etc.

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