New farm laws to dismantle walls between different sectors: PM Modi

Tribune News Service

New Delhi, December 12

Prime Minister Narendra Modi virtually ruled out a rethink on the three farm laws by stating that these were part of an inter-linked chain of reforms aimed at removing the walls that inhibited the growth of different sectors of the economy.

“We saw walls dividing the agriculture sector with its associated segments such as agriculture infrastructure, food processing, storage and cold chains. After these walls are dismantled, the reforms will open up new markets for farmers, give them new options and enable them to benefit from the use of technology. These will lead to more investments and the prime beneficiary will be that farmer who lives off small patches of land,” said the Prime Minister while delivering the inaugural address at FICCI’s 93rd annual general meeting and convention on Friday via video conferencing.

“Our economy does not need walls between different sectors but more and more bridges so that they can support each other,” he said while pointing out that private sector investment in the farm sector was dismal and it must invest especially in cold storages and fertilisers.

Indicating that the government was firm in its reform plans in sectors ranging from manufacturing to MSMEs and from agriculture to infrastructure and taxation, the PM said “the confident do not hesitate. It is the weak who are insecure and do not give opportunities to those around them”.

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“This is the case with most governments. But a government elected with massive support and faith brings with it confidence and matching dedication. Governments that are decisive remove obstacles for others,” he said.

The government’s policies are conducive to develop the village-based economy and the government is committed to protecting the interests and welfare of farmers through its policies and actions, he declared.

Informing the industrialists about other allied opportunities opening up in villages, and tier II and tier III cities, the PM said, “You should not lose out on the opportunity to invest in the villages and small cities. Your investments will open new doors for our brothers and sisters in the rural areas and the agriculture sector.”

The Prime Minister referred to the latest indicators about the economy to assert that the situation had changed for the better because the government had prioritised the saving of lives over trade and commerce. And a government that can save its citizens from a pandemic, tends to rebound far more quickly, he said.