Syngenta India signs pact with AIC

22 June 2022

Syngenta India has entered into an agreement with the Agriculture Insurance Company of India for chilli growers of Guntur. The agreement will facilitate guaranteeing a fair price to the farmers for their crop produce by indemnifying them for losses incurred due to a fall in market price.

Over 2,000 farmers have been growing Syngenta's Hot Pepper Hybrid HPH 5331 in a small village of Achampet Mandal in Guntur. Hot pepper farmers have an average land holding of two acres and invest around Rs. 1.5 lakh per acre to cultivate the crop.