Investment in agriculture sector 40 times high

The overall investment in country's agriculture sector has reached to 11,800 million in the year 2006-07 showing an upward increase of 40 times high.
Sources in agriculture department said here on Tuesday that the government has increased investment in agriculture sector 40 folds during the last five years from Rs 290 million in 2001-02 to Rs 11,800 million in 2006-07 so as to ensure food security and make agriculture more competitive in international market.
According to the sources, the government would continue to invest more agriculture sector for repositioning to bring a major shift towards resource building and commercialising the entire sector.
The government has funded projects this year for adoption of efficient agricultural technologies in all the four provinces for increasing productivity, including water management, livestock promotion, horticulture development, quality assessment and assurance and agri-business interventions, the sources claimed.
They further said the government is also aiming to reduce poverty and ensure food security through macroeconomic adjustments to foster economic growth, improve governance and initiate reforms in key sectors including human resources and rural development.
The sources maintained that the government has also requested the donor agencies to help the developing countries to eradicate hunger and poverty, cut down subsidies to their agricultural sector and also share recent technologies with them.