Reliance Industries Limited (RIL) said on Monday that it has no plans to enter contract or corporate farming and that it has not purchased any agricultural land in India for the purpose of contract farming, the company said in a regulatory document.
Reliance said it “has nothing to do with the three agricultural laws currently being debated in the country and in no way benefits from them.”
“Reliance Retail Limited (RRL), Reliance Jio Infocomm Limited (RJIL) or any other affiliate of our parent company, that is, Reliance Industries Limited have not done any” corporate “or” contract “farming in the past, and have no plans to go into this business, “the conglomerate said.
RIL further said that the company will file a court petition today against vandalism in Punjab and Haryana HC, adding that vested interests are taking advantage of farmer agitation to launch a relentless, malicious and motivated smear campaign against the company, which has absolutely no basis. truly.
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RIL said that it does not buy food grains directly from farmers and that its suppliers buy from farmers only at the level of the Minimum Subsistence Price (MSP).
“We will insist that our suppliers strictly comply with the Minimum Subsistence Price (MSP) mechanism and / or any other mechanism for a remunerative price for agricultural products, as determined and implemented by the government,” RIL said.
RIL urged the Superior Court to issue an appropriate order to help protect its employees and property from vandalism.
“We at Reliance have immense gratitude and the utmost respect for the kisans of India, which are the ‘ANNA DATA’ of 1.3 billion Indians,” the company said. “As clients of their services, we believe in building a strong and equal partnership with Indian farmers based on shared prosperity, inclusive development and an equitable New India.”
More than 1,500 telecommunication towers in Punjab were damaged during the farmers’ protest against the new agricultural laws.
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