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Investment Forum for Advancing Climate Resilient Agrifood Systems in India

Investment Forum for Advancing Climate Resilient Agrifood Systems mind map
Launched
Organizers
NITI Aayog
Ministry of Agriculture and Farmers’ Welfare
Food and Agriculture Organization (FAO)
Date
January 18-19, 2024
Location
India International Centre
New Delhi
Recent News
Two-day multistakeholder meet
Purpose
Develop investment strategy
Create exchange platform
Stakeholders
Government
Private sector
Civil society organizations
Financial institutions
International agencies
Academia
Discussion Themes
Climate resilient agriculture
Digital infrastructure
Financing systems
Resilient value chains
Production practices
Gender mainstreaming
Why
Climate change impacts
On India
Vulnerable rural population
Agriculture risks
Extreme temperatures
Droughts
Floods
Cyclones
Soil salinity
What
Strategy Creation
For climate-resilient Agrifood systems
Partnership among
Government
Private sectors
Farmers’ organizations
Financial institutions
Key Areas
Climate-resilient agriculture
Digital infrastructure
Financing systems
Resilient value chains
Production practices
Gender mainstreaming
Who
Key Speakers
Prof Ramesh Chand
Member, NITI Aayog
Manoj Ahuja
Secretary, MoA&FW
Shombi Sharp
UN Resident Coordinator in India
Attendees
Senior government representatives
NABARD
ICAR
ICRISAT
MANAGE
World Bank
IFPRI
European Union delegation
International Finance Cooperation
UN agencies
How
Awareness Raising
Agriculture's role in climate change
Emphasis
Multi-stakeholder approach
Focus on small and marginal farmers
Localized responses to climate patterns
Financial Crisis
Food demand increase prediction
Investment scaling up in climate resilience
Significance
Addressing climate challenges
In agriculture
For economically vulnerable populations
Potential for carbon sequestration
Through tree plantation
Challenges
Need for larger investments
From
Global climate finance
Domestic budgets
Private sector
Way Forward
Continued collaboration
Among various sectors
Focus on
Sustainable agricultural practices
Climate resilience
Economic impact evaluation beyond financial metrics

The Investment Forum for Advancing Climate Resilient Agrifood Systems in India, launched by NITI Aayog, the Ministry of Agriculture and Farmers’ Welfare, and the Food and Agriculture Organization (FAO), aims to develop strategies for enhancing climate-resilient agrifood systems in India. This initiative, inaugurated in January 2024, focuses on creating an investment and partnership strategy by involving various stakeholders from the government, private sectors, farmers’ organizations, and financial institutions. Discussions at the forum centered around climate-resilient agriculture, digital infrastructure, financing systems, value chains, production practices, and gender mainstreaming in the context of climate resilience. The forum highlighted the significant impact of climate change on India, especially on its rural population dependent on climate-sensitive agriculture, emphasizing the need for larger investments from various sources to address these challenges. Key speakers at the event stressed the importance of a multi-stakeholder approach, focusing on small and marginal farmers, and the need for local solutions to climate patterns, as well as raising awareness about agriculture’s role in climate change and the potential for carbon sequestration through tree plantation on farmland. The forum sets a direction for future collaboration among different sectors, focusing on sustainable agricultural practices, climate resilience, and evaluating the economic impact of agricultural activities beyond financial metrics​​​​​​​​​​.

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