• New Delhi
  • 23 April 2015
  • Interviews
  • By Rahul Koul

“Important to look at biotech in context of climatic change”

In an exclusive interaction with BioSpectrum, Mr Davor Pisk, chief operating officer, Syngenta talked about the operations of the company globally and in India, agricultural opportunities, role of biotechnology and much more


Mr Davor Pisk, chief operating officer, Syngenta.

Q: How has the performance of Syngenta been globally and in India in the last few years?

Through our integrated offers and continuous innovation, we increase crop yield and quality worldwide while making growers' lives easier. We are helping to accelerate technology adoption in the emerging markets, where we have achieved annual double digit growth since the launch of our strategy in 2011. In 2014, we achieved our integrated sales target of six percent at constant exchange rates. Globally sales increased by 5 percent (CER) to 15.1 billion, with a 1 percent improvement in EBITDA. Emerging markets registered double digit growth for the fifth consecutive year and now contribute more than half the company's revenues. A negative impact from currencies, notably those of the CIS, resulted in an EBITDA margin slightly below the previous year.

Revenues from Syngenta's India operations grew at a faster rate than global revenues despite a poor southwest monsoon in the country. We hope to maintain revenue growth of 20 percent or better this trend in India in the current year as well.

Q: How has agriculture in India transformed for good or worse in the last few decades?

Indian agriculture has made significant strides in the past few decades. It has met the challenge of securing the production of basic staples like rice and wheat by leveraging green revolution technology, including the introduction of high-yield seed varieties, input management and improved water management systems. The Indian farmer has not only matched domestic demand growth but enabled record production of food grains and has become one of the world's top producers of rice, wheat, pulses, cotton, spices, fruits and vegetables.


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