Small farmers should turn entrepreneurs, says Alagh

New Delhi, Nov 16 | Updated: Nov 17 2005, 06:31am hrs
Noted economist YK Alagh has called for exploring the possibility of small farmers forming their own companies without losing control of their landholding and subsequently forming joint ventures with big companies.

This needs an organised initiative through formal and informal cooperation comprising strategic framework in the market-driven rural economy, he said while delivering the Jawahar Lal Nehru lecture on the state of rural development in India, organised by Iffco on Wednesday. He said such groups are expected to take care of the economic and welfare goals of the rural population. u

Mr Alagh said that Mr Nehru chose to push the country in the direction of modern technology, and the emergence of India as a soft superpower goes back to the scientific culture he shored up.

He also called for an effective response to the new WTO-dominated trade by saying that there is a need to rely not only on the old dependables - the cost price nexus policies, public investment complimenting community initiatives - but also develop macro-level market structures to meet the new challenges.

In his welcome address, Iffco managing director US Awasthi said the fertiliser major has always realised the importance of cooperative character which has led to its growth in a short span of time.

Mr Awasthi said, Society has been excelling virtually in every area, including marketing, production, financial performance and has made notable contributions to the cause of the Indian co-operative movement.