pepsi profits while indians starve

It is the trading giants like Pepsi and Cargill who have benefited from withdrawal of food subsidies to the poor and redirection of subsidies for exports. Pepsi is exporting 100,000 tonnes of rice from India during 2002 with Rs. 12.2 million profits, while people in India face starvation. Cargill has exported 1m.t. tonnes of wheat during the past year, and plans to procure 20,000 m.t. during the 2002 harvest. Trade liberalization is a recipe for starving the poor to feed the corporations.

While the World Bank and IMF remove subsidies from food reaching the poor, they encourage subsidies to grain giants like Cargill and Pepsi for exporting food grain.