A PYMNTS Company

India: Ministry plans National Agriculture Market to end monopoly

 |  June 1, 2015

In a bid to end the monopoly of a few licenced traders in agriculture mandis, who often manipulate prices and resort to unfair practices, the agriculture ministry has moved a proposal seeking Cabinet approval to set up a National Agriculture Market.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The scheme, to be implemented by creating e-market platform for 585 regulated wholesale markets in three years, will start with first 50 Agriculture Produce Marketing Committees.

    According to the Cabinet note, which has been circulated for inter-ministerial consultation, the objective of this initiative is to create a barrier-free efficient market for marketable surplus items that are available in mandis across the country.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.