Reliance clears assumptions on entering contract farming, seeks action on vandalism

In a regulatory filing on Monday, Reliance Industries Limited (RIL) said that it has no plans of entering the contract or corporate farming and it has not purchased any agricultural land in India for the purpose of contract farming.

“Reliance Retail Limited (RRL), Reliance Jio Infocomm Limited (RJIL), or any other affiliate of our parent company, i.e., Reliance Industries Limited have not done any “corporate” or “contract” farming in the past, and have absolutely no plans to enter this business,” the conglomerate said.

RIL said it is filing a writ petition at the Punjab and Haryana High Court, seeking urgent intervention by government authorities to stop the illegal acts of vandalism by miscreants and protect its employees and property from vandalism.

RIL said that it does not purchase food grains directly from farmers. “We shall insist on our suppliers to strictly abide by the Minimum Support Price (MSP) mechanism, and/or any other mechanism for a remunerative price for farm produce, as may be determined and implemented by the government,” said RIL.

“We at Reliance have immense gratitude and the greatest respect for India’s kisans, who are the ‘ANNA DATA’ of 1.3 billion Indians,” the company said. “As customers of their services, we believe in building a strong and equal partnership with Indian farmers on the basis of shared prosperity, inclusive development and an equitable New India.”

More than 1,500 telecom towers in Punjab have been damaged during the farmers’ protest against the new farm laws. In November, some groups of farmers had shut down Reliance Fresh stores in parts of Punjab. Farmers fear that the new laws will pave the way for corporate exploitation and their land could be “snatched” by big corporates.

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time