Decision to allow FDI in agro sector slammed

decision-to-allow-fdi-in-agro-sector-slammed

, JANUARY 5

Stakeholders have objected to the ’s decision to allow foreign direct () in the agricultural sector of the country.

The Ministry of , Commerce and Supplies issued a notice in the Nepal gazette late Monday regarding allowing FDI in the agricultural sector of the country.

According to the notice, FDI has been allowed for livestock farming, fisheries, bee farming, vegetables and fruits farming, oil, pulses, dairy industry, among other agricultural sectors. The notice has said big industries will be allowed to open under the condition that they export 75 per cent of their production.

However, the stakeholders have expressed their dissatisfaction with the government’s move.

Organising a joint press meet today, Dairy Industries Association (), Nepal Dairy Association (NDA), Fisheries Association of Nepal, Central Dairy Cooperative Association Nepal and expressed their strong reservations against the government’s decision.

Speaking at the event, Rajkumar Dahal, president of DIA said that the government has brought this policy for the vested interest of some multinational companies. “For a very long time the government has been trying to bring Amul, one of the biggest dairy product companies of India, to Nepal,” he said, “Besides, with the vested interest of multinational companies, the government is conspiring against the domestic industries.”

A Parliament meeting held on March 27, 2019 had already disallowed FDI in the agricultural sector. However, the government is taking advantage of dissolution of Parliament at the moment and implementing policies that will sound the death knell for the domestic industries, he added.

“While the country is becoming self-reliant on dairy products, bee farming, fisheries, among other few industries, there is no point in opening FDI in these industries,” he said, adding, “If the government do


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