India needs to promote agri reforms: Nooyi

NEW DELHI: PepsiCo chief and US-India Business Council (USIBC) chairman Indra Nooyi has advocated the need for agrarian reforms in the country in order to foster inclusive growth.

���In a country, where 68% of the population lives in rural areas, there can be no inclusive growth without a serious agrarian reform.���

Ms Nooyi added that both US and Indian industry can actively promote agrarian reforms through partnerships and by disseminating information on global and domestic best practices through the country.

Addressing a roundtable on ���A Fresh Beginning: US-India Relations��� and ���The Third Wave of Investment & Reforms��� in the Capital on Wednesday, Ms Nooyi launched a bilateral investment trade treaty between the two countries.

She said that this would lead to the creation of jobs and opportunities in both countries. On India���s infrastructure needs, Ms Nooyi said that massive FDI and private sector participation will be required.

Ms Nooyi also emphasised that the India-US civil nuclear deal is in India���s interest and that India���s economic prosperity depends on access to reliable electricity supply.