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Prime Minister Narendra Modi on Sunday exhorted India Inc to jack up investment in the domestic agricultural sector for overall socio-economic development.
Speaking at a function in Lucknow, Modi claimed the aggregate corporate investment in the domestic farm sector was an abysmal 1%, much below other economies. He further said the 1% investment was largely in the form of urea or tractor manufacturing.
“Recently, I had convened a meeting of top industrialists in Mumbai to discuss the issue of corporate investment in agriculture. I spent half a day with them and gave a presentation too,” he added.
Modi said he suggested industrialists invest
