In historic reform, 8 states to link wholesale markets
NEW DELHI: In a historic reform, India on Thursday took the first steps to bring down a virtual firewall running through its food markets that prevents farmers in one state from selling goods in another and stokes episodes of high food prices.
Prime Minister Narendra Modi kicked off the e-National Agricultural Market platform, an online system that will connect 21 food markets in these eight states: Gujarat, Telangana, Jharkhand, Madhya Pradesh, Rajasthan, Uttar Pradesh, Haryana and Himachal Pradesh.
“This e-NAM system is the first of a kind, which will help not just the producer discover better prices, but also the trader and consumer. The farmer will know where to sell, how much to sell and when to sell. When other states will see the revolutionary system, there will be pressure from below to join in,” Modi said.
The Hindustan Times had first reported the creation of on online national market linkage on December 3.
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