Some states who earlier trod this reform path have seen massive opposition from the mandis, which feared loss of revenue once their monopoly was gone. In this case, the UP government has been able to convince their Mandi Board.
“They will not only get additional revenue but will get to act as regulators in the new system,” said Abhijat. The market for agri-produce, which is currently Rs 25,000 crore, is estimated to increase to Rs 65,000 crore. Meanwhile, the investors are waiting and watching. “It is the implementation on the ground that will matter,” said a Reliance executive.
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