Rashtra NewsRashtra News
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Notification Show More
Font ResizerAa
Rashtra NewsRashtra News
Font ResizerAa
  • National
  • Rashtra News Hindi
Search
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Follow US
Rashtra News > Latest News > Press Release > Pioneering Sustainable Trade Practices in Indian Markets
Press Release

Pioneering Sustainable Trade Practices in Indian Markets

Rashtra News
Last updated: December 19, 2023 7:09 am
Rashtra News
Share
5 Min Read
Pioneering Sustainable Trade Practices in Indian Markets
SHARE


The Sustainable Trade Summit (SUTRA) 2023, held on 16th and 17th December at Le Meridien, Gurugram, successfully concluded, leaving an indelible mark in the realm of responsible sourcing in Indian markets. This groundbreaking event, spearheaded by IDH, brought together industry leaders, policymakers, and experts to discuss and formulate solutions for the challenges faced in agri-commodity value chains, with a special focus on uplifting smallholder farmers.
 







Catalyzing responsible sourcing in Indian markets
 

The summit was a hub for thought-provoking discussions on sustainable trade, biodiversity conservation, sustainable manufacturing, and the pivotal role of gender in sustainable supply chains. SUTRA 2023 has set a precedent for future collaborations between businesses, governments, and civil societies, reinforcing the commitment to sustainable trade practices and manufacturing.
 

In the contemporary landscape, there has been a notable shift in perspective, underscoring the essential interconnection between business and sustainability. This transformation reflects a shared understanding among businesses, governments, and civil society organizations that the efficacy of a business hinges on the integration of sustainability at its core. This emphasis is particularly critical in the realm of agricultural commodities and their associated value chains, where a significant portion of food production is carried out by smallholder farmers.
 

Speaking at the event, Dr. Neelam Patel, Senior Advisor at Niti Aayog, emphasized the pivotal role of the agriculture and allied sector, stating, “Agriculture is of paramount importance in India, with over 50% of people depending on this sector. While Indian agricultural practices are predominantly sustainable, there is room for enhancement. The government is actively engaged in promoting sustainable agriculture through initiatives such as providing soil health cards, establishing custom hiring centres for farm machinery, and enhancing accessibility to quality seeds. Additionally, the government is championing Farmer Producer Organisation (FPO) models to bolster farmers’ bargaining power, advocating for natural farming, and facilitating training and skilling programs for farmers. It’s a collaborative effort to further refine and fortify the sustainability of our agricultural practices.”

 

Rajesh Agarwal, Joint Secretary at the Ministry of Commerce, said, “Every country has its unique sustainability journey and requirements. Achieving equity in this transition is crucial, and consumer awareness is key. Continuous dialogue on the sourcing of sustainable products is vital. As we strive to reach Net Zero by 2070, it’s imperative to acknowledge that we contribute 40% of greenhouse gas emissions globally. This demands substantial investment and capacity building. Natural farming emerges as a strategy, and small and marginal farmers have the potential to transition towards sustainability. It’s about fostering a collaborative and voluntary transition for a sustainable future.”
 

Expanding on the discourse during the event, with a specific focus on the Palm oil sector, Sanjeev Asthana, CEO of Patanjali Foods, remarked, “The Palm oil landscape in India faces a significant challenge, given that 90% of the Palm oil is imported. Achieving 100% sustainability and traceability in the supply chain proves to be a complex undertaking. While we are implementing best practices concerning water usage and integrated pest management in our Indian plantations, the broader sector grapples with substantial challenges. To address this, it is imperative to construct a comprehensive narrative that involves active participation from all stakeholders, including Civil Society Organizations (CSOs), NGOs, and other industry players.”
 

Reflecting on the event, IDH India Country Director – Jagjeet Singh Kandal said, “SUTRA 2023 marks a pivotal moment in our collective journey towards sustainable and responsible sourcing in Indian markets. I am inspired by the collaborative spirit exhibited at the summit, where industry leaders, policymakers, and experts joined forces to address the challenges within agri-commodity value chains. As IDH, we remain committed to fostering collective action, working hand-in-hand with these stakeholders to realise a future where responsible sourcing converges harmoniously to shape a more sustainable and equitable world. Together, we are steering the course towards positive change towards improved livelihoods, environmental stewardship, and gender equality within our agricultural landscapes.”
 

IDH serves as a convener, bringing together businesses, governments, and civil society organizations to facilitate joint actions. Our focus is on fostering collaboration to address issues and challenges in agri-commodity value chains, promoting concerted grassroots efforts for improved income, better jobs, a healthier environment, and gender equality.

Related

TAGGED: IDH, Indian, Le Meridien, Markets, Pioneering, practices, sustainable, Sustainable Trade, Sustainable Trade Practices, Sustainable Trade Summit, SUTRA 2023, trade
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Surprise0
Joy0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

A Comprehensive Guide to Transportation, Logistics, and Relocation Services Across Cities
Press Release

A Comprehensive Guide to Transportation, Logistics, and Relocation Services Across Cities

3 months ago
Natural Health to Gain Momentum in the Gulf
Press Release

Natural Health to Gain Momentum in the Gulf

1 year ago
Hexaware and Novelty Group Forge Transformative Joint Venture
Press Release

Hexaware and Novelty Group Forge Transformative Joint Venture

1 year ago
Knock on Wood Expands its Reach in Dubai’s Flourishing Residential Real Estate with Exquisite Turnkey Projects
IndiaPress Release

Knock on Wood Expands its Reach in Dubai’s Flourishing Residential Real Estate with Exquisite Turnkey Projects

1 year ago

About RashtraNews.com

We're your comprehensive news source, covering a wide range of topics to empower you in all aspects of life. From navigating the world of finance (market trends, personal tips, loans, mortgages, credit) and legal matters (attorneys, lawyers), to staying ahead of the curve in technology (advancements, automobiles, business news) and education (careers, job opportunities, classes), RashtraNews.com keeps you informed.

Latest Updates

  • A Comprehensive Guide to Transportation, Logistics, and Relocation Services Across Cities
  • Global Markets in Turmoil Amid Rising Inflation and Escalating Trade Tensions
  • California Ballot Initiative Seeks to Prevent Unjust Health Insurance Denials
  • Millions of Travelers Risk Losing Insurance Coverage Over Simple Mistakes
  • Severe Thunderstorm Warnings Sweep Across USA: Tornado Threat Looms Over Oklahoma
  • ChatGPT Ghibli Art Generator: Create Studio Ghibli-Style Art with AI [2025]
  • Nida Rides India to Global Glory, 22-year to Become First Indian Lady to Compete at FEI Endurance World Championship for Seniors, Monpazier, France

Helpful Link

  • Automobile77
  • Business4,343
  • Crime129
  • Education4,542
  • Entertainment58
  • Finance5
  • India9,623
  • Insurance3
  • Legal News5
  • Lifestyle21
  • Media News79
  • Medical Education1
  • Politics4,340
  • Press Release5,319
  • Software100
  • Sports3,095
  • Stock Market2
  • Technology3,180
  • Top Stories7
  • World2,907

Contact Us

To send your suggestions to "Rashtra News", email: [email protected]

To send articles, news, or your opinions: [email protected]
For Business and other enquiries: [email protected]

If you‘ find any violation of the editorial code of conduct or have any other complaint about the content or video content published on "Rashtra News"’, you can send your complaint to our Grievance Officer by clicking on the Grievance Redressal link.

Follow US
©2011-2024 rashtranews.com
  • About Rashtra News
  • Ownership & funding
  • Corrections Policy
  • Fact Checking Policy
  • Privacy Policy
  • Terms of Use
  • Subscribe Now
  • Become a Author
  • Partnership With Us
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?