Reliance Industries Limited (RIL) on Monday said that it’s no plans of entering contract or corporate farming and it’s not purchased any agricultural land in India for the aim of contract farming, the corporate said during a regulatory filing.

Reliance said it “has nothing whatsoever to try to to with the three farm laws currently debated within the country, and in no way benefits from them.”

“Reliance Retail Limited (RRL), Reliance Jio Infocomm Limited (RJIL), or the other affiliate of our parent company, i.e., Reliance Industries Limited haven’t done any “corporate” or “contract” farming within the past, and have absolutely no plans to enter this business,” the conglomerate said.

RIL further said that the corporate will today file a writ petition against vandalism in Punjab & Haryana HC, adding that vested interests are taking advantage of farmers’ agitation to launch an incessant, malicious & motivated vilification campaign against the corporate , which has absolutely no basis in fact .

RIL said that it doesn’t purchase food grains directly from farmers and its suppliers buy from farmers only at the Minimum Support Price (MSP) level.

“We shall enforce our suppliers to strictly abide by the Minimum Support Price (MSP) mechanism, and/or the other mechanism for a remunerative price for farm produce, as could also be determined and implemented by the govt ,” RIL said.

RIL urged the supreme court to issue an appropriate order to assist protect its employees and property from vandalism.

“We at Reliance have immense gratitude and therefore the greatest respect for India’s kisans, who are the ‘ANNA DATA’ of 1.3 billion Indians,” the corporate said. “As customers of their services, we believe building a robust and equal partnership with Indian farmers on the idea of shared prosperity, inclusive development and an equitable New India.”

More than 1,500 telecom towers in Punjab are damaged during the farmers’ protest against the new farm laws.


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