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CII rings alarm bell of bad monsoon on industry growth

30 Jul 2012 Evaluate

Deficient rains have became a matter of serious concern, since the onset of monsoon, the country has received 22 per cent less rainfall than predicted with northwest region being the most affected with a deficiency reaching almost 42 per cent. Apart from the government and political leaders, the industry body CII too has expressed concern over the impact of deficient rainfall on the broader economy, at a time when there is already a sharp slowdown on account of various domestic and global factors.

CII director general Chandrajit Banerjee has been reported saying that 'not only will there be an impact on the performance of the agricultural sector but also on other sectors through the effect on rural incomes.'

In its latest release, the industry body has said that there is need to reduce the dependence of agriculture on monsoon by adopting technologies like drip irrigation, developing drought resistant quality of seeds, and promoting rainwater harvesting.

The suggestions made by CII include uniform implementation of the APMC Act across States, immediate delisting of perishables from the APMC list and giving farmers the freedom to sell fresh, perishable produce directly to food processing companies, aggregators and retailers, which can be possible only through uniform implementation of the APMC Act.

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