Reliance Industries issued a statement on January 4 stating that it was not involved in contract farming, nor does it have any interest in entering the business. The company moved the Punjab and Haryana High Court to stop illegal acts of vandalism of its mobile towers.

In an interview with CNBC-TV18, Mohandas Pai, Chairman of Aarin Capital and Manipal Global Education said, "There are certainly vested interests here. Reliance is getting into the 5G trial and India has shut out Huawei, so there are many conspiracy theories going that vested interests from overseas are funding this agitation. There appears to be a lot of funding coming from within India and outside India. Within India too, the richer farmers and vested interests are funding this like they funded the anti-CAA agitation. It is time that the corporate sector stood up and not accept this kind of vilification."

Pai stressed, "Farmers are being misled. I don't think that corporate farming and Reliance and Adani being named are makings of farmers. They are makings of leftist interest, the same people are behind the anti-CAA agitation because this is the thinking of sophisticated ideological minds."

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Disclaimer: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

(Edited by : Jerome Anthony)