FDI in multi-brand retail will benefit farmers, says Bhupinder Singh Hooda

GURGAON: Haryana Chief Minister Bhupinder Singh Hooda today said he was in favour of FDI in multi-brand retail from the very beginning.

" FDI in retail will help farmers. They will get right prices of their produce because companies will purchase directly from them," Hooda told reporters here after the inauguration of Rapid Metro's trial run.

Consumers would also get quality products at comparatively cheaper rates, he said.

"India is second largest producer of vegetables and fruits in the world. During exports, about 30 to 40 per cent fruits and vegetables perish. Once FDI enters in retail, number of cold chains will increase and this will help in avoiding wastage," he said.

Moreover, the role of middlemen would be over and thus farmers would get right price of their produce.