No. PR – 202 January 25, 2022 New Delhi
Webinar on Agriculture Ecosystem : Expectations from Budget 2022
Tuesday, 25 January 2022 | 5.00 pm onwards
The Capital Market & Commodity Market Committee of PHDCCI organized a Webinar on Agriculture Ecosystem: Expectations from Budget 2022 on 25 January 2022.
The Webinar was graced with the presence of Mr Pradeep Multani, President, PHDCCI; Mr B K Sabharwal, Chair, Capital Market & Commodity Market Committee, PHDCCI and Mr Rachit Gupta, Co-Chair, Capital Market and Commodity Market Committee. Mr Rajesh Kumar Dangeti, Regional Director (Northern Regional Office), SEBI was the Chief Guest at the Webinar and other eminent speakers were Mr R N Bhaskar, Veteran Journalist; Mr Madan Sabnavis, Chief Economist, Bank of Baroda; Mr Sandeep Jain, Director, Tradeswift Broking Pvt Ltd; Mr Kapil Dev, Chief Business Officer, NCDEX and Mr Narinder Wadhwa, President, CPAI.
Mr Pradeep Multani said in his Presidential Address that agriculture continues to be a dominating employment generating sector and contributes a significant proportion to the country’s GDP. He highlighted on identifying areas and crops to integrate the benefit of micro-irrigation with structured governance and execution strategy will help the country climb a newer height of fiscal growth.
Mr B K Sabharwal in his Chair Remarks highlighted that in the Union Budget 2021, the government had a farm credit target of Rs16.5 trillion, which is likely to be revised in Budget 2022 to Rs 18.5 trillion. Union Budget 2022 will be presented against the backdrop of economic revival post covid second wave and the looming danger of possible third wave.
Mr Rajesh Kumar Dangeti said in his Chief Guest Address said that India is one of the highest producers of many agricultural products in the world. He also highlighted some of the problems which the farmers face in relation to inflation in agricultural products, over dependence on climate changes, storage facilities, depletion in ground water, air pollution and environmental sustainability and many others.
Mr R N Bhaskar moderated the Session and laid emphasis on vibrant future markets for agriculture and subsidies in the agriculture sector.
Mr Madan Sabnavis stated that agriculture is the backbone of the economy. He talked about the NREGA project, capital expenditure on agriculture including warehousing, transportation & irrigation facilities.
Mr Sandeep Jain focused on improving agriculture GDP so that the country can witness consumption revolution.
Mr Kapil Dev talked about the MSP, measures to bring down cost of production and government long term approach on improving infrastructure in agriculture sector.
Mr Rachit Gupta delivered the Vote of Thanks to Speakers, Sponsor and Delegates.
Mr Vivek Seigell, Assistant Secretary General, PHDCCI gave the Introduction of the Webinar and welcomed all speakers, sponsor NCDEX and Associate Partner CPAI and delegates at the event.
The webinar was supported by PHDCCI’s Annual Sponsors such as, Multani Pharmaceuticals Ltd; Star Wire; P G Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer & Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.
PHD Chamber of Commerce & Industry