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Andhra Pradesh Chief Minister N. Kiran Kumar Reddy said on Saturday that he was in favour of foreign direct investment in the retail sector as it would help farmers. Reddy said this at a convention of farmers in the Horticulture University at Venkataramannagudem in West Godavari district.
“The farmers will definitely stand to gain if FDI in the retail sector is allowed. Many cold storages and go-downs will be established for preservation of perishable agricultural produce and better marketing facilities would fetch better prices for farmers. Keeping in view these advantages, I have conveyed my consent in a letter to the Prime Minister. Many other states are opposing the proposal, but I have no problem with it,” he said.
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