Modi Sarkar to In­te­grate 21 Man­dis in Eight States Un­der On­line Plat­form

The Economic Times - - Economy - Our Bu­reau

It is part of govt’s plan to launch a na­tional agri­cul­ture mar­ket (NAM) Ini­tially, 12 com­modi­ties will be traded on the e-plat­form & not in phys­i­cal mkt New Delhi: The gov­ern­ment will in­te­grate 21 reg­u­lated whole­sale mar­kets, or man­dis, in eight states un­der an on­line plat­form on Thurs­day as part of the pro­posed Na­tional Agri­cul­ture Mar­ket (NAM). “On April 14, on the 125 birth an­niver­sary of BR Ambed­kar, Prime Min­is­ter Naren­dra Modi will launch the e-trad­ing plat­form — NAM — which pro­poses to in­te­grate 585 reg­u­lated whole­sale mar­ket or agri­cul­ture pro­duce mar­ket com­mit­tees (APMCs) un­der one elec­tronic plat­form,” said agri­cul­ture min­is­ter Radha Mo­han Singh said on Wed­nes­day.

This will en­sure farm­ers get com­pet­i­tive re­turns and con­sumers get sta­ble prices and steady avail­abil­ity, he said. NAM is en­vis­aged as a pan-In­dia elec­tronic trad­ing por­tal that se- eks to net­work the ex­ist­ing Agri­cul­ture Pro­duce Mar­ket­ing Com­mit­tee (APMC) and other mar­ket yards to cre­ate a uni­fied na­tional mar­ket for farm com­modi­ties.

“The na­tional e-mar­ket plat­form will al­low trans­par­ent sale trans­ac­tion and price dis­cov­ery of com­modi­ties,” Singh said.

Cur­rently, there are more than 7,000 whole­sale mar­kets in the coun­try. States se­lected for the pi­lot project in­clude Gu­jarat, Te­lan­gana, Ra­jasthan, Mad­hya Pradesh, Ut­tar Pradesh, Haryana, Jhark­hand and Hi­machal Pradesh.

“Ini­tially 12 com­modi­ties, in­clud­ing chana (black gram), cas­tor seed, paddy, wheat, maize, turmeric, onion, mus­tard, mahua flower, tamarind and shelling pea, will be traded on e-plat­form and not in the phys­i­cal mar­ket,” Singh said.

Gov­ern­ment of­fi­cials said while sale of agri pro­duce shall con­tinue through man­dis, an on­line mar­ket would re­duce trans­ac­tion cost, pro­vide sin­gle li­cense valid across all mar­kets, and main­tain qual­ity stan­dard with pro­vi­sion of qual­ity test­ing and sin­gle point levy of mar­ket fees.

The agri­cul­ture min­is­ter also said that food grain pro­duc­tion in the coun­try in 2016-17 will be bet­ter than the pre­vi­ous year. In 2015-16 (July-June), food grain pro­duc­tion is ex­pected to be 253.2 mil­lion tonnes from 252 mil­lion tonnes in the pre­vi­ous year, which was also a deficit mon­soon year. A bumper pro­duc­tion will keep a check on in­fla­tion, en­sure steady sup­plies of com­modi­ties and re­mu­ner­a­tive price to farm­ers.

Asked if he ex­pected food grain pro­duc­tion to touch the 2013 record of 263 mil­lion tonnes, Singh said, “that was a record food pro­duc­tion the coun­try had and we will make a com­par­i­son of pro­duc­tion with the pre­vi­ous year.”

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