Contract farming in FCV tobacco on the cards
The Hindu
It can ensure level playing field , says official
The Union government is actively considering introducing contract farming to add buoyancy in trading of Flue Cured Virginia Tobacco.
The proposal to introduce contract farming has begun to gain traction after the high-level meeting held at the Tobacco Board recently, in which Secretary of Commerce B.V.R. Subrahmanyam and Joint Secretary Divakar Nath Mishra were present. Contract farming is also one of the features of the new Farm Laws.
“Contract farming will end the monopoly of a single largest player and ensure a level playing field. Foreign Direct Investment in tobacco trade in India will certainly open up the market,” said a senior official.
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