Syngenta India signs pact with AIC
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.