PHDCCI organises webinar on risk management in Indian agriculture

Discussions were held on the need for resilient agriculture to tackle future uncertainties

Image Credit: Shutterstock

Image Credit: Shutterstock

PHD Chamber of Commerce and Industry (PHDCCI) recently organised a webinar on 'Risk Management in Indian Agriculture' ensuring secure livelihood for farmers. Dr Suresh Kumar 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. The government will start with 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."


Dr Malhotra apprised that the government has submitted a proposal to United Nations that the International Year of Millets to be observed in the year 2023. He mentioned, "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 utilisation of water; sprinklers and micro-irrigation have been installed for the same. 


Malhotra further added, "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 G Chandrashekhar, Agribusiness Specialist, and Policy Commentator and witnessed the industry inputs of deliberation of Kapil Dev, Chief Business Officer, NCDEX; SK Sethi, Director, Ria Insurance Brokers; Nixon Joseph, Former President & COO, SBI Foundation and Rohit Dhanda, AVP, Capital Markets & Strategic Initiatives, Samunnati. The discussions explored the efficient ways to strategise risk management in the agriculture sector as well as touch upon the best strategies for better price discoveries to the farmers. 


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. 


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. 


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 Saurabh Sanyal, Secretary-General, along with Dr Yogesh Srivastav, Assistant Secretary-General, PHDCCI, and was attended by many industry stalwarts across the nation. 


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