Swiss crop protection giant Syngenta on Tuesday said it expects to become the world's top biologicals company within the next few years, leveraging its strong performance in India despite regulatory challenges that constrain agricultural innovation.
In an interview to PTI, Steven Hawkins, Global President of Syngenta Crop Protection, said the unpredictability of India's regulatory system poses challenges for bringing new technologies to farmers in the country's highly regulated crop-protection industry.
"We believe that somehow unpredictability of the regulatory system does somehow constrain technology innovation for farmers, for agriculture. This is an area where we would like to see (it) improve," Hawkins said in an interview.
Despite these hurdles, India remains a crucial market for the company. "India is a very important market for us. First of all, it is a large market. It is a growing market. Also, it is a market where new technologies can be highly utilized," Hawkins said.
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