The workshop gathered 15 sustainability specialists from Indian companies and organizations, including WBCSD members ITC, Jain Irrigation, Monsanto, PwC, Syngenta, and UPL. It helped emphasize the urgency of taking action in view of the important challenges faced by the agricultural sector in India. Representing 17.7% of the GDP (including forestry and fishing) and occupying about 54% of the labor force, agriculture is key to economic growth in the country. Rapid industrialization and urbanization have however substantially increased the pressure on water resources. With 90%, agricultural water withdrawal is above the global average of 70%. In addition, it is estimated that around 32% of lands are degraded in India, which leads to reduced agricultural yields. On top of these issues, an estimated 40% of the food produced in India gets lost or wasted, which represents an economic loss and a significant waste of precious natural resources.
With a view to ensure progress towards the Action2020 societal must-have of “sustainably increasing the production and resource efficiency of agriculture systems to secure access to sufficient, safe, and nutritious food and sustainable bio-based products”, the WBCSD is working towards catalyzing business action on the ground in key geographies, where companies could join forces to implement projects that can improve resource efficiency of agriculture.
The workshop aimed to provide a networking platform for companies to share best practices whilst examining areas of common interest in piloting action across companies’ combined value chains with a view to:
Workshop participants also intended to explore the possibility for the creation of a WBCSD India Agribusiness Advisory Group.
Main issues discussed during the workshop included the risks associated with agribusiness in India and ways of addressing them, potential opportunities and means for collaboration among members.
Key outputs of the workshop can be summarized as follows: