He was speaking recently at the Vietnam-India Business Forum: New Vision for Agriculture: Building and Strengthening Multi-stakeholder Partnerships, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Embassy of Socialist Republic of Vietnam.
Nam said that India had considerable expertise in bio-treatment of agri waste and development of bio-pesticides. He added that this could be of great value to the Vietnamese agriculture sector.
Pham Sanh Chau, Vietnam’s ambassador to India, said that agriculture cooperation between Vietnam and India was as deep-rooted as the political relations between the two countries. Both sides needed to collaborate intensively with exchange of technology to mitigate the adverse effects of climate change on agriculture.
R G Agarwal, chairman, FICCI Sub-committee on Crop Protection Chemicals, and group chairman, Dhanuka Agritech Ltd, said that India’s agrochemical strengths complemented Vietnam’s market opportunities.
India is currently the fourth largest producer of agro-chemicals, with the market projected to grow at 8.3 percent and reach $8.1 billion by financial year (FY) 2025. It is also seeking to pursue greener agrochemicals to reduce the environmental impact, an area of mutual interest with Vietnam that offers opportunity for partnership.
Nguyen Quoc Toan, acting director general, Agro Processing and Marketing Development Authority of Vietnam, gave an overview of the opportunities for agricultural trade and investment in Vietnam.
