Allow FDI in tobacco industry: Former MP urges Centre
Updated: Aug 06, 2015 05:25:49pm
Vijayawada, August 6 (KNN) In the wake poor sale of tobacco by the farmers, Senior BJP leader Kavuri Sambasiva Rao today urged the Central Government to allow FDI in tobacco industry and also allow foreign companies to purchase tobacco from the Indian market.
After attending a party meeting here, the former MP told media persons that tobacco farmers were paid Rs 140 per kg in 2014 crop season but in the current season, they are being paid only Rs 100 per kg by the traders.
He said most of the farmers in AP registered poor sales and a large quantity of tobacco is lying unsold.
“The government should allow foreign direct investment (FDI) in the sector and can also allow foreign companies to buy tobacco from the domestic market," he was quoted as saying in a media report.
Though Minister of State for Commerce and Industry Nirmala Sitharaman has intervened and has asked ITC, a tobacco major, to purchase tobacco as per its intent but ITC has not bought as per its purchase intent, he said.
He said that tobacco growers of the state will take out a protest rally in Delhi tomorrow, demanding the Government to take measures to purchase unsold tobacco from them.
He said that the issue will again be taken up with the Commerce Minister. (KNN Bureau)
After attending a party meeting here, the former MP told media persons that tobacco farmers were paid Rs 140 per kg in 2014 crop season but in the current season, they are being paid only Rs 100 per kg by the traders.
He said most of the farmers in AP registered poor sales and a large quantity of tobacco is lying unsold.
“The government should allow foreign direct investment (FDI) in the sector and can also allow foreign companies to buy tobacco from the domestic market," he was quoted as saying in a media report.
Though Minister of State for Commerce and Industry Nirmala Sitharaman has intervened and has asked ITC, a tobacco major, to purchase tobacco as per its intent but ITC has not bought as per its purchase intent, he said.
He said that tobacco growers of the state will take out a protest rally in Delhi tomorrow, demanding the Government to take measures to purchase unsold tobacco from them.
He said that the issue will again be taken up with the Commerce Minister. (KNN Bureau)
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