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Sector, Chief Minister Prithviraj Chavan took the lead and announced Saturday said the new policy would be implemented soon in the state.
"We shall study the entire policy in detail and initiate necessary measures to implement it soon in Maharashtra," Chavan said.
The ruling Congress in the state is being supported by its alliance partner, the Nationalist Congress Party (NCP), on the FDI issue.
"In the present situation, owing to natural and other factors, the state has to suffer 40 percent losses in the production of fruits and vegetables. Moreover, due to a chain of middlemen, farmers get low returns for their agro products while customers are compelled to pay manifold for the same," Chavan said.
With the proposed FDI in retail, these types of losses would be prevented and the agricultural community will benefit, he added.
Even ordinary customers would benefit in terms of proper pricing of goods and commodities and avail of the
advantages of leading multi-branded retail chains.
Chavan added that the policy would prove a boon to literate or illiterate unemployed youth in the state by opening up employment avenues in food, clothing, construction, packing, information technology, transport and cold storage, besides other basic infrastructure facilities.