08 July 2021, New Delhi: Addressing the audience on Risk Management in Indian Agriculture, Dr. S.K. Malhotra, Agriculture Commissioner, Government of India said, “We need to promote integrated waste management systems, green chemistry, bio solutions, and pesticides, which will help to produce safe food. Certifications and multi-levels safety standards that will ensure safe food production and consumption.”
We recommend farmers to choose high yield crops like oilseeds, pulses, millets, etc., mentioned Dr. Malhotra, during the event (webinar) organized by PHD Chamber of Commerce and Industry (PHDCCI) on “Risk Management in Indian Agriculture”- Ensuring Secure Livelihood for Farmers.
Dr. Suresh Kumar Malhotra apprised that the Government of India has submitted a proposal to United Nations that the International Year of Millets to be observed in the year 2023. This shows how we choose our crop, where to have the best combinations with minimum resources and more output. Several rural resources are being affected due to unforeseen circumstances and, some mechanism needs to be developed and implemented to ensure that the agriculture cycle doesn’t get hampered. We need to make agriculture resilient to the uncertainties of the future.
He mentioned that the government is keen to increase water use efficiency to increase agriculture efficiency. More crops are being promoted so that we can invest utilization of water; sprinklers and micro-irrigation have been installed for the same. We have a production and national agriculture system which is evolving. Farmers are also given weather warning systems so that they are aware of any climate crisis beforehand.
The webinar was followed by a panel discussion on – Mitigating Risk in Indian Agriculture which was moderated by Mr. G. Chandrashekhar, Agribusiness Specialist, and Policy Commentator and witnessed the industry inputs of deliberation of Mr. Kapil Dev, Chief Business Officer, NCDEX; Mr. S K Sethi, Director, Ria Insurance Brokers P Ltd; Mr. Nixon Joseph, Former President & COO, SBI Foundation and Mr. Rohit Dhanda, AVP, Capital Markets & Strategic Initiatives, Samunnati. The discussions explored the efficient ways to strategize risk management in Agriculture Sector as well as touch upon the best strategies for better price discoveries to the farmers.
Mr. Sanjay Aggarwal, President, PHDCCI in his presidential address discussed the noble work done by PHDCCI in constructing check dams in various parts of the nation and lauded the efforts made by the Ministry of Agriculture and Farmer’s Welfare for seamless working. He deliberated about the need for risk management which will help farmers to control the various unforeseen risks factors at the same time help farmers to grow and prosper. He mentioned that there is a need for better education options for the farmers.
Mr. Nand Kishore Aggarwal, Chairman-Agriculture Committee, PHDCCI while discussing the need for stringent policies for controlling food risk management, mentioned that there is a need to involve the industry and insurance for development in the sector.
Mr. Saurabh Sanyal, Secretary-General, PHDCCI gave an overview about the importance of the agriculture sector in contributing towards the economy and livelihood, discussed the challenges faced and opportunities garnered by the sector amidst the pandemic, and the need for inclusion of technology to mitigate quality risks.
The webinar was moderated by Mr. Saurabh Sanyal, Secretary-General, along with Dr. Yogesh Srivastav, Assistant Secretary-General, PHDCCI, and was attended by many industry stalwarts across the nation. PHDCCI’s webinar was sponsored by NCDEX and Ria Insurance Brokers P Ltd and was supported by DLF India; Multani Pharmaceuticals; UFLEX; JK Tyre & Industries; Marble City; Paramount Cables; SMC Investments and Advisors; Blossom Kochhar Aroma Magic; Comtech Interio; DCM Shriram Industries; Radico Khaitan; R E ROGERS INDIA PVGT LTD; Ajit Industries; Synergy Environics; Timberworkz; Jindal Stainless; P S Bedi & Co; and IFFCO.