‘Lack of proper distribution causes food crisis’
28/05/2008 12:00
He said that as a short-term measure it was essential to address the problem of distribution and as a long-term strategy the global community should take up measures for raising the productivity of food crops to feed the rising population. “There is also a need to review the bio-fuel programme which uses food crops for fuel and displaces food crops for cultivation of non-food crops for fuel,” he said.
He also said that the world has to work out strategies for efficient use of energy.
Fung who is the chairman, of the Li & Fung group of Companies, which includes major subsidiaries in trading, distribution and retailing, also addressed the industry at a meeting organised by Ficci on Monday. He also is the chairman of the Greater Pearl River Delta Business Council, Hong Kong Airport Authority and Hong Kong University Council.
Fung also said that
He called for a free and fair multilateral trade for addressing the problems of global poverty. He said that bilateral trade and free trade agreements between countries and trading blocks cannot be a substitute for a meaningful free and fair multilateral trade. He said that there was a need to see that anti-dumping measures under WTO do not lead to protectionism.
He proposed that Indian Companies can invest in IT sector in
ASHOK B SHARMA
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Source: www.financialexpress.com
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