Home » RIL strikes HC, says no plan to get into contract farming | India News

RIL strikes HC, says no plan to get into contract farming | India News

by newsking24

CHANDIGARH/ NEW DELHI: At the receiving finish of the ire of farmers protesting towards Centre’s three agrimarketing legal guidelines, Reliance Industries Ltd (RIL) on Monday advised the Punjab and Haryana HC that it has completely no plans, now or sooner or later, to enter into company or contract farming. It additionally blamed “vested interests” and “business rivals” for vandalisation of the corporate’s telecom towers in Punjab.
“The Reliance Jio Infocomm Limited and its parent company, including its retail arm Reliance Retail Limited have not purchased any agricultural land anywhere in India for the purpose of corporate or contract farming and have no plans, now or in the future to do so. The business practices of the petitioner, including its affiliates, are in favour of and in furtherance of farmers’ interest,” Reliance Jio Infocomm mentioned in a petition. The announcement got here towards the backdrop of the Mukesh Ambani-led conglomerate alleging that vandalism throughout the farmers’ agitation has broken its community infrastructure and compelled closure of its shops resulting in losses to the tune of tons of of crores of rupees.
The petition mentioned, “The petitioner shares the aspiration of farmers to get a fair price for what they produce and seek an augmentation of their incomes, and pledge to work towards this goal. The petitioner, its parent entity, and its affiliates shall insist that their suppliers strictly abide by MSP mechanism, and or any other mechanism for remunerative price for farm produce, as may be determined and implemented by the government.” The petition is predicted to come back up for listening to on Tuesday.

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