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Reliance Agro, ITC to set up mandis

NEW DELHI: Reliance and ITC are all set to foray into the agri-business in a big way in Uttaranchal with the State Government offering bulk licences for setting up private mandis for a better deal to farmers. Uttaranchal Chief Secretary, M. Ramachandaran, told UNI that ITC and the Mukesh Ambani-owned Reliance Agro had shown keen interest in the project, which would provide a level-playing field to the Government controlled and private mandis. About 60 bulk licences will be up for grabs in the next month bidding in which Reliance Agro and ITC are dominant players.

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