Interventions

Modification of agricultural corridors for development in rural

Government announced tax breaks and special status for private companies willing to invest in projects to improve agriculture in rural areas.
Modification of agricultural corridors for development in rural

As the droughts have even become the substantial part in farming, farmers are getting cautions. “Every year our fields receive new experience of weather casualties,” grieves a farmer.

The vast stretches of farm facing unhealthy experience are undergoing agricultural transformation and are taking shape in some parts of the country. Likely African countries too have launched same initiatives to boost the provision of essential services linked to the agriculture sector. This was the message shared during the opening day of a high-level agricultural summit dedicated to discussions about the sector’s transformation.

The Democratic Republic of Congo (DRC), Rwanda and Senegal have launched initiatives similar to a fresh proposal by the African Development Bank (AfDB) for the development of “agricultural corridors” that would spur economic growth and development in Africa by creating seamless agricultural markets.

AfDB President Akinwumi Adesina proposed the creation of the agricultural corridors to attract investments into the rural areas of Africa, currently under-served by essential services, roads, irrigation and finance, when he addressed the opening session of the “Feeding Africa” conference .

“Industries will help to create economic zones in Africa,” the Bank President emphasized. “We must invest in quality rural infrastructure and create the agricultural corridors that would attract investors into the rural areas.”

To attract new agricultural investments into rural areas, Senegalese President Macky Sall announced tax breaks and special status for private companies willing to invest in projects to improve agriculture in rural areas.

“We need individual and collective action to modernize agriculture. We must avoid treating agriculture as a default activity or a by-chance investment,” President Sall said during the opening session of the joint conference organized by the AfDB and hosted by the Senegalese Government.

Augustin Matata Ponyo Mapon, Prime Minister of the Democratic Republic of Congo, said his country was investing in US $40 million in an industrial park aiming to improve the production of cereals for export. The Government is also investing funds to build feeder roads to meet the demand for an industrialized agriculture sector. 

Previous article India- Brazil should remove intermediaries in Agri sector
Next article Government approves direct subsidy to sugarcane growers

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


*

code

- Advertisement -
The Changing Face of Rural India