Oli's se­cret plan to bring Patan­jali and Amul's in­vest­ments here

People's Review - - FRONT PAGE - By Our Reporter

Dur­ing Prime Min­is­ter KP Sharma Oli's re­cent visit to Delhi, both Nepal and In­dia signed an agree­ment on joint co­op­er­a­tion in mod­ern­iz­ing Nepal's agri­cul­tural sec­tor. As a fol­low-up of the agree­ment, Agri­cul­ture Min­is­ter Chakra­pani Khanal has vis­ited Delhi and inked a sub­sidiary agree­ment for co­op­er­a­tion in mod­ern­iz­ing the Nepali agri­cul­ture sec­tor. What are the points of the agree­ment that our min­is­ter has signed, it has not been dis­closed. Ac­cord­ing to a high-level source, this co­op­er­a­tion is aimed at en­sur­ing huge in­vest­ments of Patan­jali and Amul, gi­ant In­dian dairy pro­duc­ers, in Nepal. So far, for­eign in­vest­ment in the agri­cul­tural sec­tor has been dis­cour­aged by the Nepal gov­ern­ment, how­ever, with a de­sign of re­plac­ing small farm­ers' in­vest­ment here, the idea of mod­ern­iza­tion of the agri­cul­ture sec­tor was floated. Al­ready, our dairy prod­ucts have been hit from the In­dian prod­ucts. Ac­cord­ing to the dairy farm­ers, these days, the Patan­jalee brand of ghee is be­ing sold at 800 ru­pees per kg in the Nepali mar­ket. This is 100 ru­pees cheaper than the lo­cal

prod­ucts. More sur­pris­ing is that even in In­dia, the Patan­jalee brand of ghee is be­ing sold at 570 In­dian ru­pees, which is above nine hun­dred ru­pees Nepali cur­rency. To cap­ture the Nepali mar­ket, Patan­jalee has un­der priced its prod­ucts here. If Patan­jalee and Amul are al­lowed to in­vest in Nepal, the en­tire farm­ers in­volved in dairy pro­duc­tion in this coun­try will have to quit this oc­cu­pa­tion as it is sure that they can­not com­pete

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