'No plans to enter contract farming': Key takeaways from the Reliance Industries' media statement

RIL has filed a petition in the Punjab and Haryana High Court seeking to bring an end to incidents of vandalism of Jio towers

FP Staff January 04, 2021 11:34:57 IST
'No plans to enter contract farming': Key takeaways from the Reliance Industries' media statement

Representational image

Reliance Industries Limited has not done any “corporate” or “contract” farming in the past, and has no plans to do so, the company said in a statement released to the media on Monday.

The statement came on a day that RIL filed a petition in the Punjab and Haryana High Court seeking to bring an end to incidents of vandalism of RIL's subsidiary Jio Infocomm's towers.

The statement said, "These acts of violence have endangered the lives of thousands of its employees and caused damage and disruption to the vital communications infrastructure, sales and service outlets run by its subsidiaries in the two states."

On Reliance Retail, the statement said that the firm "has never entered into long-term procurement contracts to gain unfair advantage over farmers or sought that its suppliers buy from farmers at less than remunerative prices, nor will it ever do so."

Further, Reliance Retail has "built India’s largest organised retail business by investing in economies of scale and creating world-class technology-enabled supply chains, which has brought significant gains to both Indian farmers and consumers," the company noted.

As a mark of protest against the Centre's new farm laws, agitating farmers have vandalised about 1,500 Jio towers, according to reports. The protesting farmers have expressed fears that the new laws will benefit corporates and will leave cultivators vulnerable at the hands of private players. In particular, they have expressed concerns that the laws could lead to the eventual dismantling of the minimum support price (MSP) and Agricultural Produce Marketing Committee (APMC) systems.

On this issue, RIL's statement on Monday said, "...We shall insist on our suppliers to strictly abide by the Minimum Support Price (MSP) mechanism, and/or any other mechanism for remunerative price for farm produce, as may be determined and implemented by the government."

Earlier, Jio and ASSOCHAM (Associated Chambers of Commerce  wrote to Punjab chief minister Capt Amarinder Singh, seeking his intervention for action against incidents of vandalisation. ASSOCHAM wrote in its letter, "Such incidents not only result in a huge national loss but also severely dent the image of a progressive state. A prolonged and continuation of the agitation, especially with incidents of damage to the industrial and other infrastructure, would turn investors away from the state of Punjab”.

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd which publishes Firstpost

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

'We encourage consultation', says SC on farmers-Centre talks; many in support of farm laws, claims Tomar
India

'We encourage consultation', says SC on farmers-Centre talks; many in support of farm laws, claims Tomar

Tens of thousands of farmers, mostly from Punjab and Haryana, have been camping out on roads around New Delhi, for more than a month, braving the bitter cold and continuous rain over the last few days

'No improvement in situation on ground', says SC on govt's consultation with protesting farmers on three laws
India

'No improvement in situation on ground', says SC on govt's consultation with protesting farmers on three laws

The Supreme Court posted all the petitions concerning the farmers’ issue on Monday (11 Jan), after the Centre informed the CJI-lead bench that ‘healthy discussions’ are going on between the government and farmers

Farmers' protest: Unions defer tractor march to 7 Jan; BJP leaders from Punjab meet Modi in Delhi
India

Farmers' protest: Unions defer tractor march to 7 Jan; BJP leaders from Punjab meet Modi in Delhi

The Punjab and Haryana High Court has issued notices to the Punjab govt and the Centre on a plea filed by Reliance Jio Infocomm Ltd, seeking action against 'miscreants' damaging its telecom infrastructure