Central nod for 4 e-trading platforms

Written by Press Trust of India | New Delhi | Updated: Dec 11 2009, 03:16am hrs
The Centre on Wednesday said it has approved setting up of four electronic trading platforms or Terminal Market Complexes to eliminate the role of middlemen in farm trading.

The Terminal Market Complexesone each in Bihar, Tamil Nadu, Maharashtra and Orissawill replace the mandis (wholesale market yard) and will provide farmers direct access to markets.

We have already provided in-principle approval for setting up of Terminal Market Complexes at four places, minister of state for agriculture K V Thomas said at a CII function on cold chain. For the purpose, bids are underway in Maharashtra, Tamil Nadu and Bihar,he added.

The minister said TMC will be set up at Babangaon in Thane district in Maharashtra, at Perundurai in Erode district in Tamil Nadu, Patna in Bihar and Sambalpur in Orissa.

The land for the TMCs will be provided by the states while the government will give up to 40% of the project cost with a maximum subsidy of Rs 50 crore to private entrepreneurs. The bids are open to foreign companies as well. The commodities to be marketed by the TMC will include all perishablesfruits, vegetables, flowers, spices, herbs, aromatics, medicinal plants, meat and poultry products, dairy products and fish and marine products.

Besides, non-perishables can also be traded on the TMC up to a limit of 30%. The high-tech market will also link the farmers to the markets by shortening the supply chain of perishables and enhance their efficiency and thus increase farmers income through transparent market transactions. Speaking on the occasion, Agriculture Secretary T Nanda Kumar said the industry must tell why the cold chain industry has not received new investment even though the government has provided 100 per cent depreciation in the current Budget.